Finindus
Finindus is a venture capital firm based in Zwijnaarde, Belgium, established in 1926 and funded by ArcelorMittal and the Flemish Region. The firm specializes in providing early-stage and growth financing, both in equity and debt, to innovative companies within the metal value chain. Finindus focuses on sectors such as new alloys, surface functionalization, composite materials, and sustainable manufacturing technologies, including energy-efficient practices and waste valorization. Investment amounts typically range from 0.5 to 5 million euros per round, with a maximum of 10 million euros per company. While primarily targeting opportunities in Europe, particularly in Flanders, Finindus is open to exploring ventures in other regions that align with its core interests. The firm actively supports its portfolio companies by leveraging its extensive network and providing access to the resources and expertise of the OCAS metal research center.
Top Stages
Past deals in Steel
HyperHeat
Pre Seed Round in 2024
HyperHeat is developing an innovative all-electric heating solution capable of achieving temperatures up to 2,000°C, providing a sustainable alternative to traditional fossil fuel combustion. By utilizing renewable electricity, HyperHeat offers a highly efficient system with an efficiency rate of up to 98%, making it particularly suitable for retrofitting industrial processes. This technology aims to significantly reduce CO2 emissions in energy-intensive industries such as steel, cement, and chemicals. As the company operates in stealth mode, it focuses on creating scalable and cost-effective solutions to decarbonize thermal processes, with the potential to contribute to a reduction of over 4.5 gigatons of global CO2 emissions annually.
REIN4CED
Seed Round in 2017
REIN4CED is a manufacturer that specializes in developing advanced composite materials for the bicycle industry. The company has created a fiber-strengthened carbon composite that incorporates specifically developed steel fibers, resulting in a product that offers enhanced impact resistance. This innovative material maintains high stiffness and low weight, making it ideally suited for durable and lightweight bicycle frames. By focusing on the intersection of safety and performance, REIN4CED aims to provide cyclists with robust yet efficient solutions that enhance both the longevity and safety of their bicycles.
Keystone Tower Systems
Venture Round in 2017
Keystone Tower Systems, Inc. is a manufacturer and installer of wind turbine steel towers, utilizing an innovative spiral welding process. Founded in 2010 and headquartered in Westminster, Colorado, the company conducts all rolling and welding operations in-house. This advanced manufacturing technique enables the production of larger towers that can support next-generation turbines, significantly lowering costs for both onshore and offshore installations. Additionally, Keystone's towers are designed to reach greater heights, allowing turbines to harness stronger winds for enhanced energy absorption.
Expanite
Venture Round in 2014
Expanite is a company specializing in surface-hardening solutions for stainless steel, aimed at enhancing the material's properties. By utilizing innovative technology, Expanite improves the corrosion, wear, fatigue, and scratch resistance of stainless steel, effectively addressing issues such as galling and deterioration. The company offers its services either through in-house processing or at its dedicated treatment center, making its advanced solutions accessible to various industries that rely on stainless steel alloys for their applications. Through its unique approach, Expanite enables businesses to enhance the performance and longevity of stainless steel products.
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