Nefco

Nefco is an international financial institution that finances the initial scale-up of Nordic green solutions on international markets. Nefco has financed and implemented over 1,500 projects in energy efficiency, renewable energy, clean water and sanitation, waste management, and cleaner industrial processes, among others. Their task is to accelerate the shift to green by financing the initial scale-up of Nordic environmentally and climate-friendly solutions in international markets.

Helena Lähteenmäki

Investment Director

Past deals in Nordic Europe

Grönska

Debt Financing in 2023
Grönska is a young, Swedish tech-company that develops technology for vertical farming, and grows and sells vegetables and herbs. Vertical farming that is based on the use of LED lighting and hydroponic watering systems. This method allows us to grow food indoors, locally and all year round. The reason we do this is to offer a sustainable, locally grown alternative to imported food and to enable more self-sufficient cities. Grönska was founded in 2014 and constructed the largest vertical farm in the Nordics in 2018.

Norsepower

Series C in 2023
Norsepower Oy Ltd, founded in 2012 and based in Helsinki, Finland, is a clean technology and engineering company specializing in generating renewable wind energy for the global maritime industry. The company offers auxiliary wind propulsion systems that are low-maintenance, software-operated, and data-verified. Their flagship product, the rotor sail solution, utilizes the magnus effect to harness wind power and propel ships, thereby reducing fuel consumption and greenhouse gas emissions.

Coloreel

Debt Financing in 2022
Coloreel is a Swedish technology innovation company specializing in the textile industry. Established in 2009, the company has developed a groundbreaking technology that allows for high-quality, on-demand coloring of textile threads. This innovation significantly expands design possibilities in textile applications. Coloreel's primary product is a thread coloring unit designed for use with industrial embroidery machines, enabling them to change colors seamlessly along the thread. This capability allows for smooth transitions and a variety of coloring effects, granting the textile industry unprecedented freedom in creating diverse embroidery designs. The technology has the potential for future applications in sewing, knitting, weaving, and other textile processes.

Carbon Recycling International

Funding Round in 2018
Founded in 2006, Carbon Recycling International specializes in producing renewable methanol using carbon dioxide, hydrogen, and electricity. Its proprietary technology enables large-scale conversion of emissions into liquid fuels and chemicals, promoting sustainability within the power generation and industrial production sectors.

GreenStream Network

Venture Round in 2016
Founded in Helsinki, Finland in 2001, GreenStream Network specializes in international climate markets. Initially an intermediary for green certificates, it expanded into portfolio management and asset management, launching successful energy and carbon funds. With over 100 emissions reduction projects globally, the company's success lies in its innovative business concepts and commitment to clients.
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