Finindus

Finindus is an investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world class metal research center with campuses in Zelzate and Zwijnaarde (Belgium). We provide early stage and growth financing (both equity and debt) to innovative companies active across the metal value chain and that focus on … materials: new alloys, surface functionalization, composite materials, … material processing: forming, joining, coating, cutting, … sustainable manufacturing: technologies for energy efficient manufacturing and energy recuperation, CO2 capturing, valorization of waste streams, recyling, … Finindus typically invests 0,5 up to 5 MEUR per round with a maximum of 10 MEUR per company. While They focus on Europe and have Flanders as Their sweet spot, They also consider investment opportunities in other continents in activities at the center of Their core domains. They are an active investor and strive to contribute to the value creation in Their portfolio companies by leveraging Their network, by sharing experience and insights and by facilitating access to the researchers and state-of-the art infrastructure of OCAS.

Ruben Decoster

Investment Associate

Hans Maenhout

Investment Director

28 past transactions

HyperHeat

Pre Seed Round in 2024
HyperHeat is developing an innovative all-electric heating solution capable of achieving temperatures up to 2,000°C, utilizing renewable electricity to provide an efficient alternative to fossil fuel combustion. With an impressive efficiency rate of up to 98%, HyperHeat's technology is particularly suited for retrofitting industrial processes, facilitating significant reductions in CO2 emissions across sectors such as steel, cement, and chemicals. The scalable nature of the technology offers a cost-effective means to decarbonize thermal processes, with the potential to lower global CO2 emissions by over 4.5 gigatons annually. Currently operating in stealth mode, HyperHeat aims to support energy-intensive industries in their transition to zero carbon emissions, addressing the urgent challenge of climate change.

Fortius Metals

Seed Round in 2024
Fortius Metals specializes in the manufacturing of wire alloys designed for large-format metal 3D printing and robotic welding. The company produces high-performance welding wire that addresses the challenges of hot tearing and hot cracking, allowing for the welding of traditionally unweldable aluminum alloys, including 1xxx, 2xxx, 6xxx, and 7xxx series. By utilizing reactive additive manufacturing technology, Fortius Metals supports advanced manufacturing processes tailored to the aerospace, defense, and electric vehicle sectors. Its patented welding alloys enable stronger and lighter fabrications, assisting clients in developing next-generation products that meet the increasing demands of these industries.

Corrosion RADAR

Series B in 2024
CorrosionRADAR Ltd specializes in developing advanced corrosion monitoring systems utilizing innovative sensor technology to detect and predict hidden corrosion and moisture. Founded in 2017 and headquartered in Cambridge, United Kingdom, the company serves various industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its solutions are particularly valuable for refineries, offshore and onshore rigs, power plants, storage tanks, chemical plants, wind turbines, bridges, and tunnels. By leveraging patent-pending distributed sensing technology and advanced analytics, CorrosionRADAR enables predictive corrosion management, allowing clients to implement safe and cost-effective maintenance and inspection programs, even in challenging environments.

Ionomr

Series A in 2023
Ionomr is pioneering and commercializing the world's most advanced ion-exchange materials. These provide an enabling platform for clean tech solutions after more than five decades of stagnation in available materials. Using our deep knowledge of scalable electrochemical systems, we enable more efficient systems that will lead to the decarbonization of the planet for future generations. To date, electrochemical applications in the clean tech realm use materials that contain toxic fluorinated chemicals (PFCs). PFCs leach into water sources and bioaccumulate for hundreds of years, having a dire impact on human health and the entire ecosystem. We are driven to replace these materials with our environmentally friendly hydrocarbon alternatives that reduce pollution at the source, and are proven to be more durable and efficient than incumbent materials. Ionomr's membranes and polymers are highly processable, which allow for simple integration into electrochemical systems. We enable optimal performance in applications for chemical & water remediation, energy storage and hydrogen. We are passionate about empowering the development of resilient and sustainable systems that will underlie the future of the renewable energy and circular chemical economies.

Kraftblock

Series B in 2023
Kraftblock specializes in developing innovative thermal energy storage systems that facilitate the transition to renewable energy for various industries. By focusing on a materials-development approach, the company offers efficient and sustainable solutions for decarbonizing heat processes, addressing the urgent need to combat the climate crisis. Kraftblock's unique technology enables the storage and delivery of heat at temperatures up to 1300°C, making it suitable for a wide range of industrial applications that traditional thermal storage systems cannot support. In addition to promoting sustainable practices, Kraftblock's systems also enhance safety by providing reliable solutions during fire outbreaks, positioning the company as a key player in the energy transition towards 100% renewable sources.

MagREEsource

Seed Round in 2023
MagREEsource focuses on enhancing the circular economy by offering green metallurgical solutions for the recycling of neodymium iron boron (NdFeB) magnets. The company specializes in short loop recycling, which allows the efficient recovery of materials to stabilize and diversify the supply of rare earth permanent magnets. Utilizing a proprietary hydrogenation-based recycling technology, MagREEsource manufactures high-performance magnets from recycled NdFeB powders, thereby enabling clients to incorporate sustainable materials into their products. This approach not only addresses supply chain challenges associated with rare earth elements but also supports environmentally friendly manufacturing practices.

Tau Group

Series B in 2023
Tau Group is a technology company dedicated to advancing energy transition, decarbonization, and the electrification of transport. It develops patented technologies that balance sustainable, resource-efficient manufacturing with the performance requirements of electrification. This enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Tau Group specializes in carbon-conscious protective coatings for both high-performance and standard copper, aluminum, and steel wires. With a team of over 50 professionals, the company is headquartered in Berlin, Germany, while its research and development hub is primarily located in Turin, Italy. Through its innovations, Tau Group aims to foster a more efficient world where processes operate at their full potential without unnecessary waste.

Viking Analytics

Series A in 2023
Viking Analytics AB, based in Gothenburg, Sweden, develops advanced software solutions tailored for the manufacturing, chemical, and process industries. Established in 2012, the company specializes in its MultiViz analytics software, which assists industrial firms in preparing, analyzing, and organizing sensor data and condition monitoring information. This tool enables users to visualize data effectively, detect patterns, and monitor machine performance with greater reliability. Since 2018, Viking Analytics has focused on enhancing the capabilities of maintenance firms, original equipment manufacturers, and system integrators by identifying machines that require attention and providing insights into the reasons for their condition. By utilizing feedback from experts, the software continuously improves its performance, reducing false alarms and eliminating the need for companies to maintain their own artificial intelligence teams. Overall, Viking Analytics contributes to process optimization and minimizes unplanned maintenance interruptions through advanced anomaly detection and predictive analytics.

OTIV

Series A in 2023
OTIV is an artificial intelligence company focused on enhancing the safety and efficiency of railway transport in complex environments through autonomous vehicle technology. The company develops remote control and self-driving systems that assist drivers in both mainline and urban railway operations, aiming to prevent collisions and improve operational effectiveness. OTIV's comprehensive suite of sensors and algorithms can be integrated into new rolling stock or retrofitted to existing fleets, allowing public and private railway operators to utilize AI-driven intelligent driver assistance and autonomous driving solutions. This technology addresses challenges such as driver shortages and aims to increase cost efficiency while enhancing the overall safety and capacity of rail networks.

Hystar

Series B in 2023
Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various critical energy challenges and having the potential to reduce greenhouse gas emissions.

JUUNOO

Seed Round in 2022
JUUNOO is a start-up dedicated to addressing the significant waste generated by single-use walls, which contributes to a substantial portion of global CO2 emissions. The company offers a flexible and circular wall system that can be installed seven times faster than traditional methods, while reducing total costs by 30% and CO2 equivalent emissions by 70% through its reusability and adaptability. JUUNOO's walls also provide excellent acoustic performance and high-end aesthetic finishes. The business model is designed for scalability, as JUUNOO can repurchase its walls after their initial use, allowing for multiple life cycles that generate higher margins than producing new materials. By promoting this sustainable approach, JUUNOO aims to make a global impact and encourage others to explore innovative solutions to combat the single-use economy.

Ionomr

Series A in 2022
Ionomr is pioneering and commercializing the world's most advanced ion-exchange materials. These provide an enabling platform for clean tech solutions after more than five decades of stagnation in available materials. Using our deep knowledge of scalable electrochemical systems, we enable more efficient systems that will lead to the decarbonization of the planet for future generations. To date, electrochemical applications in the clean tech realm use materials that contain toxic fluorinated chemicals (PFCs). PFCs leach into water sources and bioaccumulate for hundreds of years, having a dire impact on human health and the entire ecosystem. We are driven to replace these materials with our environmentally friendly hydrocarbon alternatives that reduce pollution at the source, and are proven to be more durable and efficient than incumbent materials. Ionomr's membranes and polymers are highly processable, which allow for simple integration into electrochemical systems. We enable optimal performance in applications for chemical & water remediation, energy storage and hydrogen. We are passionate about empowering the development of resilient and sustainable systems that will underlie the future of the renewable energy and circular chemical economies.

Wizata

Funding Round in 2021
Wizata is make sense of your data and discover unique solutions and unexploited opportunities. Wizata proposes vertical solutions answering to your specific sector challenges. As main domains of expertize, Wizata counts today the Manufacturing (Industry 4.0), Insurance, Energy, Healthcare sectors and e-commerce for predictive management and process optimization. By embedding themselves in your business and synergising with your teams, WIZATA’s data scientists uncover hidden gems within your data, whether internal or external to your organisation. Every profile is an exception, that’s why WIZATA offers an advanced collaboration model with people who are real experts in data science. Unique profiles for unique services.

Xenomatix

Venture Round in 2021
Xenomatix specializes in solid-state light detection and ranging solutions that cater to advanced driver assistance systems (ADAS) and autonomous driving technologies. The company develops automotive vision systems utilizing laser-based technology and complementary metal oxide semiconductor detectors, enabling real-time 3D digitization of vehicle surroundings. Their products are also applicable in various sectors, including road construction, surveying, industrial, automotive, mining, agriculture, off-road activities, and railway operations. By providing innovative solutions, Xenomatix helps enhance safety and efficiency in both automotive and industrial markets.

Tau Group

Series A in 2020
Tau Group is a technology company dedicated to advancing energy transition, decarbonization, and the electrification of transport. It develops patented technologies that balance sustainable, resource-efficient manufacturing with the performance requirements of electrification. This enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Tau Group specializes in carbon-conscious protective coatings for both high-performance and standard copper, aluminum, and steel wires. With a team of over 50 professionals, the company is headquartered in Berlin, Germany, while its research and development hub is primarily located in Turin, Italy. Through its innovations, Tau Group aims to foster a more efficient world where processes operate at their full potential without unnecessary waste.

Guaranteed

Venture Round in 2019
Guaranteed specializes in the repair and rebuild of large industrial components, utilizing direct energy deposition technologies. This innovative approach enables the on-demand repair and rebuilding of slow-moving parts, significantly reducing lead times and minimizing the reliance on new raw materials. By avoiding the costs associated with storage and transportation, Guaranteed serves various heavy industries, including mining, oil and gas, railway, maritime, and energy. The company also offers advanced simulation, monitoring, and inspection tools to ensure high-quality, defect-free production outcomes.

Innecs Power Systems

Venture Round in 2018
Innecs Power Systems BV, founded in 2004 and based in Ter Aar, the Netherlands, specializes in manufacturing energy conversion systems designed to enhance energy efficiency and sustainability. The company provides a range of products, including power burners for steam production and various industrial processes, steam turbines for large steam networks and co-siting projects, as well as gas turbines and clean combustion systems. Innecs serves multiple industries, including food, ceramics, chemicals, printing, textiles, utilities, and paper, facilitating reduced energy costs and promoting environmentally friendly practices.

Keystone Tower Systems

Venture Round in 2017
Keystone Tower Systems, Inc. is a manufacturer and installer of wind turbine steel towers, utilizing a specialized spiral welding process that enhances the production of towers capable of supporting larger next-generation turbines. Founded in 2010 and headquartered in Westminster, Colorado, the company conducts all necessary rolling and welding operations in-house. This innovative approach not only reduces the costs associated with both onshore and offshore towers but also enables turbines to be constructed taller, thereby accessing stronger winds for greater energy absorption.

Borit

Venture Round in 2014
Borit specializes in manufacturing components for fuel cells and electrolyzers, focusing on the clean energy sector. The company develops ultra-thin metal bipolar plate assemblies using proprietary forming technology and offers a range of services, including cutting, laser welding, coating, and sealing. Its product lineup includes metal bipolar plates, flow fields, and structural parts, which are essential for various applications in industries such as transportation, construction, furniture, packaging, and general manufacturing. By providing precision sheet metal solutions, Borit plays a significant role in advancing sustainable energy technologies.

Expanite

Venture Round in 2014
Expanite specializes in surface-hardening solutions for stainless steel, enhancing the performance and durability of various alloys. The company's technology significantly improves resistance to corrosion, wear, fatigue, and scratches, addressing common issues faced by businesses that use stainless steel. Expanite offers its services either in-house or at its dedicated treatment center, providing clients with versatile options for processing their materials. By focusing on these enhancements, Expanite enables companies to improve the longevity and reliability of their stainless steel products, ultimately leading to better performance in various applications.

Calyos

Venture Round in 2012
Calyos is a company that specializes in thermal regulation systems, particularly focusing on advanced loop heat pipe cooling products. Originating from the space industry, Calyos leverages its extensive expertise and scalable manufacturing capabilities alongside patented technologies. The company's innovative systems utilize a dielectric fluid that effectively absorbs heat and boils at low temperatures, providing efficient cooling solutions for high-performance electronics. These products are applicable across various sectors, including servers, renewable energy systems, and telecommunication equipment. By eliminating thermal limitations, Calyos empowers clients to design competitive and reliable electronic products.

PowerCell Sweden

Venture Round in 2009
PowerCell Sweden AB, founded in 2008 and based in Gothenburg, is a company focused on developing and distributing fuel cell systems primarily for the transport industry and select high-tech markets. It manufactures environment-friendly electrical power systems designed for various segments, including stationary, marine, off-road, and on-road applications. The company's fuel cell platforms operate using pure or reformed hydrogen gas, generating electricity and heat with only water as a byproduct, thus promoting clean energy solutions. PowerCell also offers services such as consultation, support, modification, and turnkey solutions to assist clients in transitioning to hydrogen electrification. The company predominantly generates its revenue from Norway, reflecting its strong presence in the clean energy sector.
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.