Vireo Ventures’ Post

SNERPA Power, an Icelandic startup focused on expediting the energy transition, has successfully raised €2.2 million in funding. The funding round was spearheaded by Crowberry Capital in Iceland and BackingMinds in Sweden. The funds will be deployed by the company to accelerate the decarbonization efforts within the energy sector. The company plans to utilize the funding to increase its workforce, broaden its global presence, and further develop its commercial reach. According to Iris Baldursdottir 🚀, CEO of SNERPA Power, “Ambitious industries want to be a part of the net-zero energy system, and the energy system needs them to participate actively. However, new tools and solutions are urgently needed to solve complex challenges and make it attractive and profitable for industries to take part. That’s what Snerpa Power is all about, and there are substantial savings for industries to be made.” for more information-https://lnkd.in/gK3CDpwM #CleanEnergy #Sustainability #RenewableEnergy #ClimateAction #GreenTech #StartupFunding #EnergyTransition #InvestmentNews #EcoFriendly #Innovation #EnvironmentalImpact

🌟 𝐂𝐚𝐥𝐥 𝐟𝐨𝐫 𝐄𝐧𝐞𝐫𝐠𝐲-𝐒𝐭𝐚𝐫𝐭-𝐮𝐩𝐬 🌟 The energy sector is evolving rapidly, and the journey towards achieving Net Zero by 2050 is fraught with both challenges and opportunities. At Vireo Ventures, we understand the complexities faced by the European solar industry, from market uncertainties to regulatory changes and energy prices. Despite these hurdles, the potential for growth through technological innovation and supportive policies remains immense. We believe that collaboration between energy start-ups and established industry players is the key to unlocking this potential. That's why we're thrilled to announce that Vireo Ventures is co-hosting a special 2-hour start-up session at the upcoming #ForumSolarPLUS in Berlin this November. This event will bring together industry leaders, policymakers, and innovative minds to address current challenges and explore future opportunities for the European solar sector. 💡 𝐖𝐡𝐲 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐞?   Start-ups bring fresh perspectives, agility, and innovative solutions to the table, while established players offer experience, resources, and market reach. Together, we can: 🔹 Drive technological advancements   🔹 Foster innovation   🔹 Build robust partnerships   🔹 Navigate market complexities   🔹 Enhance sustainability efforts If you are a start-up tackling these challenges or providing solutions to help others overcome them, we want to hear from you! Join us in this exciting venture and apply to be a part of our start-up session. 📅 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞: October 1, 2024   🔗 https://bit.ly/4672fYU Let's come together to shape the future of renewable energy and drive the industry forward. We look forward to your participation! #VireoVentures #EnergyInnovation #Startups #RenewableEnergy #NetZero2050 #ForumSolarPLUS #Collaboration #Sustainability #EnergyTransition

🔥Hot off the press🔥, we're exceptionally thrilled to introduce you to these UK-based startups that are making substantial waves within the energy sector! https://lnkd.in/gkSJFEa5 The future undoubtedly lies with greener, renewable sources of energy and these pioneers are leading the charge ⚡! Take a look at who we're featuring: 1. Nyobolt - Developing high-power battery tech with a unique edge! Founded by driven and innovative minds: Clare Grey, Kent Griffith, Sai Shivareddy 2. Storm4 - Leading GreenTech recruitment on a global scale. Hats off to Kayleigh Bottomley for her vision! 3. Heimdal - Committed to decarbonizing the world, with their creative process. Kudos to founders Erik Millar, Marcus Lima. 4. Renewable Power Capital - An investment platform that expertly navigates the renewable energy industry. 5. Fuuse - They make the EV transition seamless and are doing a mighty fine job at it! Founded by the dynamic duo, Michael Gibson, Will Maden. 6. Iduna - Bringing innovation to car charging schemes, spearheaded by Adrian Gray, Asif Ghafoor. 7. Lineat Composites - Pushing boundaries in materials and manufacturing. 8. EnergyTag - Setting a new standard for verifying the source of electricity. 9. Cquestr8 Ltd - Decarbonizing cement, lime, and steel production while battling ocean acidification by founders, Jerry Joynson, Steve Willis. 10. EcoSteam Ltd - Delivering eco-friendly cleaning solutions to the masses. 11. Perse - Powering forward by using data to inform consumers about their energy and carbon footprint Let’s power up this new energy revolution! #startups #greenenergy #renewableenergy #UKStartups #Innovation #cleantech #UKInnovation #Greentech #batterypower #EVs

🌱🤝 We're delighted to announce joining the Cleantech for Baltics coalition to drive sustainable innovation in our region. As a leader in energy storage innovation, we see an important opportunity to shape policies and accelerate the adoption of clean technologies across #Estonia, #Latvia and #Lithuania. With recent geopolitical events underscoring the importance of energy security, we're committed to driving the transition towards sustainable energy solutions in the #Baltics. By expanding our efforts beyond the European level within Cleantech for Europe, we aim to address the specific challenges and opportunities within our region's #cleantech ecosystems. We're eager to share our experience and insights to support the growth of cleantech startups and advocate for a common energy strategy in the region. Our focus areas include addressing energy strategy challenges and creating an enabling environment for cleantech #startups to thrive. 🚀🌍 Check out the interview with our VP of Government Affairs and Strategic Partnerships, Arnaud Castaignet. 📖 https://lnkd.in/d4JZwBh2 Cleantech for Baltics coalition includes Accelerate Estonia, BADideas.fund, Beamline Accelerator, Cleantech Cluster Lithuania, Commercialization Reactor, Contrarian Ventures, Estonian Business Angels Network (EstBAN), Estonian Founders Society, Estonian Private Equity & Venture Capital Association (EstVCA), Expansion Capital AIFP, Honey Badger Capital, Hydrogen Alliance Latvia, Imprimatur Capital Fund Management, SIA, Invest in Latvia, Katalista Ventures, Latvian Business Angels Network, Latvian Private Equity and Venture Capital Association (LVCA), Lemonade Stand, Lithuanian Business Angel Network LitBAN, Lithuanian Confederation Of Renewable Resources, Lithuanian Responsible Business Association (LAVA), Lithuanian Private Equity and Venture Capital Association, Naco Technologies, Open Circle Capital, Practica Capital, ROCKIT Vilnius, Skeleton Technologies, Latvian Startup Association Startin.LV, Startup Estonia, Sunly, and The Better Fund. Uniting in our commitment to sustainability, amplifying our voices, and taking decisive action, we can make significant strides towards a sustainable future for the Baltic region. 🌿💪 #SustainableInnovation #Sustainability #GreenFuture #coalition

The time to scale up green technologies is now.

This week we launched the second edition of Oliver Wyman’s Clean Energy Startups Radar. Last year’s findings revealed that global VC funding for clean energy startups skyrocketed – with a sixfold increase from $1.9 billion in 2019 to $12.3 billion in 2022. However, this year’s findings show a global decline in VC investment for clean energy startups for the first time since 2015. Some insights from this year’s radar: 👉 Clean Energy Rounds Shrink: Global VC investment in clean energy startups experienced its first decline since 2015, dropping 6% in 2023. This downturn, primarily driven by challenging economic conditions, has resulted in smaller funding rounds, with the average investment per round falling by 36%. Along with economic conditions, the lure of AI startups also dampened the fervour for sustainable energy among VC investors – with AI attracting $50 billion last year and soaking up much of the limited capital available. 👉Asia fuels VC Growth: Current VC investment growth is largely driven by Asia Pacific, particularly in China where startups have doubled their funding since 2022, while North American and European funding declined by 21% and 29% respectively. 👉Areas of funding affected: Low-carbon hydrogen and battery storage experienced significant growth, with low-carbon hydrogen technology investments growing more than two-fold from 2022 to 2023. However, investments in long-term, riskier categories such as carbon capture and storage witnessed a significant decrease, likely due to high capital expenditure requirements and longer-term investment horizons. 👉The opportunity: The decline in clean energy startup valuations presents a prime opportunity for established companies to leverage lower valuations to form strategic partnerships - integrating disruptive innovations with their existing operational scale and financial strength. More insight can be found here: https://lnkd.in/ehEit-A4 #OWEnergy #EnergyTransition #Sustainability Dr. Matthias Witzemann Dr. Leopold Zangemeister Joerg Staeglich

Finnish cleantech SpinDrive raises €3.8M to cut industrial energy waste & pollution with magnetic levitation bearings In a recent Series A funding round, Lappeenranta-based cleantech startup SpinDrive secured €3.8 million, led by U.S.-based investor Rhapsody Venture Partners, with participation from existing investors Innovestor and Zukunftsfonds Heilbronn (ZFHN) / Born2Grow (B2G). This investment will facilitate SpinDrive’s global expansion and the development of Active Magnetic Bearings, aiming to enhance industrial efficiency and reduce energy waste and pollution worldwide. To date, the company has raised a total of €8 million and caters to a global customer base, with applications spanning turbo blowers, compressors, expanders, and more in the €120 billion global bearing industry. https://lnkd.in/dD_mMr_f #funding #startups #nordicmade #finland #energysavings #trending

#Tallinn-based #deeptech become #cleantech startup #Efenco secures €4.5 million in #funding. The funds that were provided consists of €3.2 million in grant funding from Estonia’s Archimedes Foundation and the #European Innovation Council, plus €1.3 million lead by Ivo Remmelg for EstBAN Syndicate. The fact remained that #fossil fuels are still #essential in many industries, even as governments, businesses, and consumers work together to monitor that critical 1.5° figure and #accelerate efforts to cut, if not #eliminate, carbon emissions. Where Efenco into the #picture is not by providing a novel renewable energy source, but rather by significantly #boosting the #effectiveness of currently available technology. The objective of the clean tech #innovation team Efenco is to provide humanity with #sustainable energy. Because they think that there will be a sustainable future, they strive to promote Energy Peace #throughout the planet. Efenco Kristjan Tiik To share your startup story write us on - [email protected] #efenco #funding #eustartup

More 9-10 figure climate tech funding news... KKR and EIG will invest $1B in Avantus to Support Renewable Energy Deployment KKR and existing investor EIG, have secured commitments for a substantial development financing facility alongside their equity commitments to the company, totaling upwards of $1 billion in the aggregate. New investment provides Avantus the financial backing and expertise to execute on its ambitious portfolio and lead the energy transition across the Western United States. Avantus is poised to benefit from material secular tailwinds supporting renewables development in the United States. World Fund launched €350M fund for next gen climate founders Invests in companies with the highest climate performance potential (CPP) focusing on the emissions reduction potential of at least 100 megatonnes of CO2e per year in industries such as energy, transport, construction, food and agriculture at early and growth stage. Partners are investor and entrepreneur Tim Schumacher, VC investor Daria Saharova, sustainability investor Craig Douglas, and climate tech thought leader Danijel Visevic. Acre Venture Partners closes $140m agrifoodtech fund Will invest from pre-seed stage up to series B, with money reserved for follow on investments. An area they are very excited about is large data systems, and the capabilities of both machine learning and artificial intelligence on those data systems to inform incumbent companies. To boost its team, Acre Venture Partners has brought in former IDEO partner Lynda Deakin and Chef David Chang as operating partners. Mobility fintech Moove secures $100m Series B funding Moove plans to use the funding to extend its revenue-based vehicle financing offering to 16 markets by the end of next year, and that a “considerable portion” of this expansion drive will focus on electric vehicles (EVs) in a bid to “lay the groundwork for a more sustainable and accessible mobility ecosystem”. Will broaden their offerings by introducing 45,000 new vehicles to our platform. Great to see global focus here. What else are you seeing out there? Links to sources in comments. #climatetech #emobility #renewableenergy #sustainability #venturecapital

59 Cleantech Startups Working Towards Making India’s Future Cleaner & Greener which have come up with out-of-the-box solutions to contribute to India’s clean energy goals The Indian cleantech startups have come up with new ideas to power existing clean energy technology and are doing their bit to save the environment in their own ways https://lnkd.in/gDT34iRb