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The Venture Codex

Climate-KIC

Plantage Middenlaan 45, Amsterdam, Noord-Holland, 1018DC, The Netherlands

Overview

EIT Climate-KIC is a European knowledge and innovation community, working to accelerate the transition to a zero-carbon economy. Supported by the European Institute of Innovation and Technology, we identify and support innovation that helps society mitigate and adapt to climate change. They believe that a decarbonised, sustainable economy is not only necessary to prevent catastrophic climate change, but presents a wealth of opportunities for business and society.

Total investments
5
Lead investments
2
Investments · 12mo
0
Active investors
4

Sector focus

  • Association
  • Communities
  • Energy Efficiency
  • Environmental Consulting
  • Environmental Engineering
  • Information Technology
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Investment portfolio

  • Latitudo40

    Participated · Seed · Jul 2024

    Latitudo 40 uses satellite imagery and artificial intelligence to extract information for environmental and climate decision support. Founded in 2017 and based in Naples, the company launched the EarthDataPlace platform in 2023 to integrate data from ESA, NASA and commercial constellations into a single automated operational platform. Customers include public administrations, urban planners and critical infrastructure managers across Italy, Europe and North America. The company reported positive growth in 2023 in terms of clients and team. Latitudo 40 operates in a rapidly growing Earth observation market, which the article estimates will reach $14.6 billion by 2034 (from $6.8 billion in 2024). The new financing is intended to accelerate development of new solutions and product innovation.

  • Brill Power

    Participated · Series A · Jul 2022

    Brill Power develops a combination of hardware and intelligent software to optimise battery management and increase lifetime performance, safety, and usable energy of lithium‑ion packs. The company says its optimised Active Loading method can increase battery life by up to 60% and allow used batteries to discharge up to 46% more energy. Its technology is applied across stationary energy storage, office and industrial buildings, on‑ and off‑grid systems, residential structures, and electric vehicles. After raising $10.5M in a Series A, Brill plans to double its engineering and commercial teams and expand its product range for static storage and the EV market. Proceeds will also fund further development of BrillAnalytics, a data platform for remote monitoring and forecasting of battery safety, health, and performance. Brill was founded in 2016 as an Oxford University spin‑out and has projects with Aston Martin, AMTE Power, and Delta Cosworth. Brill Power develops a solution that improves energy storage by enabling control of each individual lithium‑ion cell within battery packs. The technology is positioned to increase reliability and efficiency of batteries used to store renewable energy. The company won this year’s New Energy Challenge in Amsterdam, an outcome that the team described as validation of their approach. Brill Power received a €100,000 convertible loan and a year of business advice as part of the prize. Company representatives highlighted the value of interaction and collaboration with specialists, jury members and other startups during the programme. The startup plays into broader efforts to fast‑track development and commercialization of new energy solutions. No operating metrics or prior funding amounts were disclosed in the article.

  • WASE

    Participated · Equity · Mar 2022

    Wase develops a proprietary electro-methanogenic reactor (EMR) technology that maximises biogas production from biomass in anaerobic digestion (AD) plants. The company focuses on converting wastewater from food and beverage manufacturers into renewable energy and already works with customers such as Hepworth and St Peter’s Brewery. Wase emphasises sustainability and circularity, partnering with industry players to foster circular waste reuse and sustainable energy generation. Led by founder and CEO Thomas Fudge, the company positions its EMR as a versatile solution to optimise biogas potential. Wase intends to use the recent funding to scale its waste-to-energy technology and optimise biogas as a renewable baseload energy source. The company is based in Bristol, UK. WASE develops modular industriWASE systems that treat wastewater and unavoidable food waste using a proprietary electro-methanogenic process to produce onsite renewable energy. Its systems can provide up to 90% of a facility’s energy demands. The company is initially targeting the U.K. brewery sector and is working with food and drink manufacturers including Hepworth, Hobsons, and Forest Road Brewing. Funds from the recent round will be used to install a commercial industriWASE Biocentre at Hepworth Brewery, progress the sales pipeline, increase R&D spend, and support hires across commercial, research, engineering, and finance teams. WASE aims to install over 1,000 systems in the next five years, generate over 500 gigawatt hours of renewable energy, and save over 140,000 tonnes of carbon. The startup raised over £1 million in the reported round led by Elbow Beach Capital, with participation from Science Angel Syndicate and the EU Climate-KIC’s Found by Us, Funded by You programme.

  • GreenTEG

    Led · Grant · Oct 2012

    greenteg, founded in 2009 as an ETH Zurich spin-off, develops, manufactures and markets unique heatflux thermal sensors for brands, OEMs and research labs. Its products serve applications in photonics, building insulation, battery characterization, medical and sports wearables. The company launched the CORE Performance Sports Wearable brand in 2020, which has been used by the 1st and 3rd ranked 2022 Ironman Hawaii winners and by cyclist Filippo Ganna. greenteg plans to invest heavily in R&D for medical applications to enable continuous monitoring of vital signs and remote diagnostics. The company also intends to scale its production capacity in Rümlang (Zurich) by a factor of 10 in 2023 and aims to ship tens of millions of sensors to wearable customers in the coming years. The recent financing provides capital to execute these product, production and market-expansion plans. greenTEG AG is an ETH spin‑off based in Zürich that develops, produces and markets thermoelectric sensors and generators. Its devices harvest small temperature differences between a heat source and ambient air to produce electricity. The company is commercializing an intelligent, energy‑saving heating valve that operates autonomously without batteries. greenTEG says use of its thermoelectric generators and valves can cut greenhouse‑gas emissions by about 25% versus classic thermostats. The product’s battery‑free design aims to remove the need for battery replacement and enable a plug‑n‑play installation experience. greenTEG is in the market‑introduction phase, facing initially high production costs for which external support has been secured. Greenteg develops flexible thermoelectric films that convert heat directly into electricity. Its flexible films can be manufactured much less expensively than conventional thermoelectric generators and are intended for a wide range of applications. The technology builds on achievements of several PhD theses from the Micro- and Nanosystems Group at ETH Zurich and the team includes specialists in engineering, chemistry, and physics. Greenteg was founded in 2009 and received the CTI Start-up Label in 2010. The company is determined to become a market and technology leader in thermoelectrics by 2015. It recently won the Climate-KIC Venture Competition and received a €40,000 grant plus non-monetary support including access to a Climate-KIC masterclass, entrance to the EIT Entrepreneurship Competition, and coaching and network support. greenTEG makes a very bendable, low-cost thermo-electric generator (TEG) developed from ETH Zurich research to convert temperature differences into electrical power. The product is positioned as cheaper and mechanically more flexible than prior TEGs and has potential applications in combustion engines where waste heat is abundant. The company has sold initial prototypes and reports automotive manufacturers are showing interest. greenTEG originated from doctoral work by CEO Wulf Glatz with further development by Etienne Schwyter and support from Lukas Durrer. The startup received support from venturelab and venture kick during commercialization. To bring the first production series to market (estimated in about two years) the company says it requires capital in the low single-digit million range and is currently covering development through personal injections, investor convertible loans, competition prize money and third-party project and foundation funds.

  • L.E.S.S.

    Led · Grant · Mar 2012

    Founded in 2012, Swiss high-tech scale-up L.E.S.S. SA designs, develops, and manufactures lighting solutions based on its proprietary nano-active fiber technology, branded LuxiBright. The ultra-bright, ultra-uniform, and ultra-thin fibers outperform conventional LEDs in precision, efficiency, and flexibility. The company targets demanding use cases including industrial machine vision for precision inspection, high-end automotive signal and contour lighting, and advanced medical illumination where energy efficiency and performance are critical. L.E.S.S. recently showcased the world’s first series-production vehicle featuring its LuxiBright technology, underscoring its automotive ambitions. Management emphasizes that innovation must scale with quality, and the firm is now focused on accelerating commercial execution. The new capital from its Series C round will be deployed to scale manufacturing and go-to-market capabilities. No operating metrics such as revenue or user counts were disclosed in the article.

Team

  • Kirsten Dunlop

    Chief Executive Officer & Founder

    LinkedIn
  • Mohamed Gastli

    Climate-KIC Accelerator for cleantech entrepreneurs

    LinkedIn
  • Angelica Monaco

    Director of Climate

    LinkedIn
  • Mido Talhouni

    Investment Manager

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