Participated · Seed · Mar 2024

Cemvision develops a fossil‑free alternative to Portland cement that reduces CO2 emissions by more than 95%, is made from recycled industrial waste, and is produced in kilns powered by green electricity at much lower temperatures. The product achieves up to five times faster early strength than Portland cement, enabling increased productivity on building sites. The company was founded by three experienced leaders from global cement incumbents and has announced its first official customer contract. Cemvision plans to use new funding to accelerate near‑term operations and prepare for its next growth phase. The broader context notes the cement industry accounts for roughly 8% of global CO2 emissions and represents an estimated $400 billion global market. The company is Swedish and announced the news from Stockholm.

Led · Equity · Jun 2023

Taggr is an intelligent assets company based in Stockholm, Sweden. It provides Sensing as-a-Service, a managed, fully financed cradle-to-grave service built on light-touch, low-cost sensing. The company serves industries including construction, transportation, logistics, and mining and quarrying. Its offering comprises equipment sensing (custom sensor deployment), equipment insight (collecting, analyzing and presenting events and insights), and equipment actions (adopting equipment intelligence and acting on it). Taggr raised €1.2M in funding led by Polar Structure and Capelin Ventures. The company intends to use the proceeds to advance product development, scale operations, and broaden customer outreach.

Participated · Series B · Jun 2023

ClimateView is a Stockholm-based climate action technology company led by CEO Einar Bodström. It offers ClimateOS, a SaaS-based impact intelligence platform that combines data and systemic analysis to help cities plan, manage and fund the transition to net zero. ClimateOS gives cities a comprehensive view of climate mitigation decisions and the socio-economic benefits of climate action to secure investments. The platform is currently used by 30+ cities including Madrid, Dortmund, Cincinnati and Nottingham. ClimateView closed a €14m funding round and intends to use the funds to develop its climate finance platform and to support cities in their climate investment planning as part of the EU’s '100 Climate-neutral and Smart Cities' program. The company focuses on providing impact intelligence and tools to help cities secure investments for climate action. Climate View builds ClimateOS, a software-as-a-service that turns climate data into actionable transition plans for policymakers by mapping emissions sources and slicing the big-picture into deliverable steps. The company was founded in Sweden by Tomer Shalit, who adapted agile and consultancy approaches to help public bodies plan and monitor net-zero pathways. ClimateOS is used to understand present metrics (eg, miles driven or square meters heated), define targets aligned with the Paris Agreement, provide building blocks for transition, and monitor progress. The startup sells primarily to city authorities and has deployed its services in around 30 cities, including Newcastle (U.K.), Mannheim (Germany) and Bern (Switzerland). Climate View emphasizes partnering with city governments because cities account for the majority of emissions and can share best practices. To fund further growth, the company has recently secured VC financing. ClimateView develops monitoring and visualization software that gives cities visibility into emissions, development, and projected urban planning data to accelerate decarbonization decisions. Its flagship Panorama product provides a central hub for development, emissions, and planning data. The platform is used to help cities and municipalities plan climate mitigation and resilience measures. ClimateView has worked with the Swedish Climate Policy Council to produce a publicly available digital roadmap using its software. The company says its solution is gaining traction in a number of cities worldwide and aims to support cities and nations in working toward carbon neutrality. ClimateView raised $2.5 million in its latest financing round to support its work.

Participated · Seed · Apr 2023

Plexigrid is a technology provider that develops software to optimize planning and operation of distribution‑level power grids. The company is building a next‑generation grid control technology that enables real‑time coordination between the network and millions of flexible devices. Plexigrid was selected for €6.5M in funding from the European Innovation Council’s EIC Accelerator program, a highly competitive initiative that awards less than 1% of applicants. The package includes a €2.5M non‑dilutive grant for technology development, complemented by €1M of Plexigrid’s own capital; the article states a further €4M will be injected as equity to be combined with external financing in an upcoming round. The funds will be used to finish the company’s flexibility orchestration engine, integrate it with Plexigrid’s platform, and support global expansion. The article notes the European Commission (via the EIC) is a shareholder and Plexigrid aims to establish itself as a leader in the grid‑tech space. Plexigrid develops an AI software platform that helps electric grid operators automatically increase or decrease users' electricity supply to prevent local bottlenecks and ‘‘flatten the curve’’ of demand. The system shifts consumption patterns in real time to better utilise existing grid infrastructure and can, the company claims, cut grid costs by 35–40%. Plexigrid positions its solution as a complement to the expansion of fossil-free energy sources to accelerate electrification and the green transition. The company is Gijón-based and markets its technology to grid operators facing surges in demand. Financially, Plexigrid has completed an oversubscribed €4.5 million seed round and says it received a strong valuation, though the figure was not disclosed. Management emphasises having selected long-term, experienced investors to support global adaptation and scaling of electricity networks. Plexigrid builds a grid operating system and software that converts existing power grids into flexible systems by identifying where and when grids are overloaded or underutilized. Its technology can reschedule flexible devices (electric vehicles, heat pumps, batteries) to avoid local congestion and defer costly grid upgrades. The company co-developed its core technology with utility EDP and says, at scale, it could save USD 300 billion annually in capacity upgrades for grid operators. Plexigrid was founded in 2020 and now has a team of 25 people of 14 nationalities working from Gijón (Spain) and Stockholm (Sweden). Financially, it has raised €2 million to date and is planning a follow-on financing round to raise an additional €10 million before the summer to strengthen technology and expand internationally. The company cites the IEA's "Net Zero 2050" study, noting 500–800 billion USD annual investment needs and claiming its tech could avoid roughly 35% of those investments. Plexigrid develops software that provides real-time graphical representation of electrical distribution networks using graph-database technology. The technology enables faster event detection and quicker execution of operational and planning calculations. Its product portfolio also includes tools for aggregation of energy consumption and management of distributed assets such as batteries, photovoltaic panels and electric vehicle charging points. The company is based in Asturias. Financially, Plexigrid closed a €300,000 convertible loan round in which EDP Ventures España invested €200,000 and the Sociedad Regional de Promoción (SRP) invested €100,000. EDP Ventures España reported this as its first transaction and focuses on Spanish startups addressing energy transition challenges including smart grids, storage, flexibility and digitalization.

Participated · Series C · Dec 2022

Founded in 2016, Einride provides a full-stack solution for decarbonising freight, combining electric and autonomous heavy-duty vehicles with an AI-powered planning and optimisation platform. Its offering spans digital routing software, autonomous driving technology, one of the world’s largest electric truck fleets, and associated charging infrastructure. The company already serves shippers across North America, Europe, and the Middle East. Management positions Einride as a leader at the intersection of autonomy, electrification, and logistics, targeting faster, cleaner, and more cost-efficient freight movement. The newly announced funding will be applied to accelerate its technology roadmap, expand autonomous deployments, and grow its intelligent freight platform. The proposed SPAC deal values Einride at a $1.35 billion pre-money equity valuation, underscoring investor confidence in its growth prospects.