Finnish Climate Fund
Finnish Climate Fund is a special-purpose company owned by the state, whose activities focus on combating climate change, accelerating the low-carbon industry, and promoting digitalization. The Climate Fund’s primary investment targets are industrial scale-ups of climate solutions: the first verification of new technology and/or its business model at an industrial or commercial scale. The other investment category of the Climate Fund includes physical or digital platforms enabling emissions reductions. During its launching phase, the Climate Fund can provide capital loans or use special investment funds and other special funding instruments. The company will not award direct grants or subsidies. Depending on the financing category and target, the financing by the Climate Fund can vary between 1 and 20 million euros. The annual financing volume is approximately 80 million euros.
Top Regions
Past deals in Finland
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.
Infrakit
Convertible Note in 2023
Infrakit offers a cloud-based platform facilitating real-time collaboration and information sharing among stakeholders in construction projects. It provides centralized project data, enabling error reduction, quality improvement, and increased efficiency. Additionally, Infrakit offers consulting, training, and support services to optimize digital solutions.
DataSpace Europe
Debt Financing in 2022
DataSpace Europe facilitates the efficient utilization of data as a renewable resource. It offers data intermediation services that connect Finnish food industry operators across the entire value chain, from agriculture to retailers and consumers.
Aurelia Turbines
Debt Financing in 2021
Aurelia Turbines designs and manufactures two-stage gas turbines for small and medium-sized enterprises. Originating from research at Lappeenranta University of Technology, the company emphasizes high reliability and efficiency through modular components. Based in Lappeenranta, Finland, it maintains additional offices in Germany and the United Kingdom. The turbines use a low-emission combustion process compatible with hydrogen, biogas, synthetic gas, and other renewable or non-standard fuels, enabling customers to reduce operating costs and environmental impact. Aurelia holds a portfolio of intellectual property around its core technology and continues to develop its product applications with industrial partners, leveraging public and EU funding channels to support its R&D and growth.
Betolar
Debt Financing in 2021
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.
Solar Foods
Debt Financing in 2021
Solar Foods is a food‑tech company founded in 2017 and headquartered in Lappeenranta, Finland. It develops a patented hydrogen‑fermentation platform that converts electricity into hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to feed hydrogen‑oxidizing microbes. The resulting single‑cell biomass is processed into Solein, a protein‑rich powder that serves as a sustainable, nutritionally complete substitute for animal‑derived proteins. The company focuses on commercializing this technology to produce food raw materials that can replace animal‑based foods while reducing environmental impact.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.