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The Venture Codex

Greencode Ventures

Puistokatu 4, Helsinki, 00140, Finland

Overview

Greencode Ventures invests in the most impactful early-phase digital-first green transition startups in Europe. Greencode Ventures is a digital-first green transition venture capital firm supporting startups that have a positive environmental and social impact while building scalable profitable businesses. We focus on sustainable investments as in article 9 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (‘SFDR’). We focus on companies whose products or services inherently contribute towards our sustainable investment objective.

Total investments
12
Lead investments
8
Investments · 12mo
6
Active investors
2

Sector focus

  • Venture Capital
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Investment portfolio

  • Ora Computing

    Led · Seed · Jun 2026

    Ora Computing builds software and algorithms to compress and optimise AI foundation models, claiming up to 80% model size reduction and up to fourfold inference speedups while typically keeping accuracy losses between 0 and 5%. Its technology integrates with standard inference frameworks and operates across hardware platforms without requiring custom software layers, infrastructure changes, or capital-intensive retraining. The company demonstrated compressing a 70-billion-parameter model within hours at a compute cost below $1,000, and estimates that 1% market penetration could save over 50,000 tonnes of CO₂ annually. Ora targets cloud inference providers and organisations deploying AI at the edge, and plans to use the new funding to expand the team, extend compression capabilities for the largest models, and launch a commercial product. Stefan Sack is cited as CEO and co-founder.

  • Ubotica

    Led · Equity · Jun 2026

    Ubotica builds Orbital AI that runs AI-powered analysis directly in orbit to reduce response times and improve satellite network efficiency. Its flagship Live Maritime Intelligence platform continuously detects emerging maritime threats, identifies areas of elevated risk, and autonomously tasks satellites and sensors for faster operational intelligence. The company positions its offering to help governments and operators protect critical maritime infrastructure such as undersea cables, offshore energy assets, and shipping routes. Ubotica plans to accelerate commercial deployment and expand LMI rollout following the $11M raise. The financing will also support continued development of its in-orbit AI and autonomous tasking capabilities. The articles do not disclose revenue, users, or other operating metrics.

  • eMabler

    Led · Series A · Jun 2026

    Founded in Helsinki in 2019, eMabler builds an API-first B2B software platform for electric vehicle charging, providing about 300 ready-made integrations for payments, billing, charge management, roaming and fleet solutions. The company positions itself as a digital charging infrastructure partner that supports management of charging points, roaming and automated billing, and enables grid-friendly (smart) charging by scheduling sessions based on electricity prices and grid conditions. Key commercial customers and partners include Finland's largest retailer S Group (which runs ABC Charging through eMabler and claims a >50% public charging market share in Finland), Nordic parking operators AimoPark and Time Park, and a partnership with EasyPark to offer combined parking-and-charging services. eMabler reports that integrations into existing apps and loyalty programs have driven higher in-store revenues, increased electricity sales and stronger customer retention for its partners. The company intends to scale this integrated model across broader European markets while expanding its smart-charging features.

  • LiveEO

    Participated · Equity · May 2026

    LiveEO develops satellite-based monitoring systems and analytics to track risks along linear infrastructure corridors, including pipelines, railways, and power lines. Its Twinspector project is a dual-satellite constellation designed to capture high-resolution and three-dimensional imagery tailored to long, narrow infrastructure routes. The company intends Twinspector data to integrate with its existing analytics platforms to help operators detect threats like unauthorized construction, excavation, and vegetation encroachment earlier. LiveEO is developing the system with European partners and positions the project as part of expanding commercial Earth observation capabilities for infrastructure monitoring. The company’s current disclosed financing activity includes ESA program funding through the InCubed program to support Twinspector’s development.

  • Groundhawk

    Led · Seed · Mar 2026

    Groundhawk is a Finnish infrastructure software company that replaces analogue, post-construction surveys with real-time, centimetre-accurate 3D mapping of underground utilities. Using high-precision satellite positioning, 3D scanning and AI analytics, its handheld device lets on-site crews capture depth measurements, installation details and visual evidence while trenches are still open; the data is instantly synced to a cloud dashboard. This workflow turns documentation into an active quality-control tool, enabling project managers to spot and fix issues immediately and delivering up to 50 % cost savings on traditional surveying. The platform already serves major Nordic and European contractors such as Eltel Networks, Voimatel, Elvera and Signal Group, which in turn work with network operators like Telia, Telenor and E.on. Groundhawk aims to become the standard infrastructure data-capture platform across Europe and plans to extend beyond the continent in 2027. With fresh seed capital, the company will scale its B2B sales force across Germany, the UK, Benelux and the Nordics, expand its engineering team, and add planning and predictive QA features. To date it has raised €2 million and is in an early-revenue phase backed by strong customer traction.

Team