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

15 past transactions

Donkey Republic

Post in 2025
Donkey Republic is an online platform specializing in bike-sharing and bike rental services, operating in over ten key cities across Europe. The company collaborates with local partners to manage its locations while utilizing custom-branded bicycles. Its proprietary software is designed with unique features that prioritize respect for public spaces through a hub-centric service model. This approach enhances the predictability of bike availability and convenience for users. Donkey Republic emphasizes service innovation as a core aspect of its business strategy.

SolarLab

Debt Financing in 2024
SolarLab designs and produces solar facades for new and existing buildings.

Baseload Capital

Series B in 2024
Baseload Capital is an international investment entity focused on facilitating the growth of renewable heat power generation worldwide. They provide tailored financial services and development advisory support to heat power operators, empowering them with the necessary resources to construct and manage sustainable heat power plants.

Resand Oy

Debt Financing in 2024
Resand Oy specializes in the reclamation and recycling of spent foundry sands and other industrial sands. It offers sand treatment services and takes care of all of the customers’ sand-related needs, including collecting and regenerating waste sand and delivering the regenerated sand back to the customer.

Mash Makes

Debt Financing in 2024
Mash Makes is a company focused on transforming biowaste resources into valuable and sustainable commodities, including electricity, biofuels, hydrogen, and biochar. By employing a unique approach to supply chain and technology development, the company effectively addresses waste management challenges while providing these commodities at prices comparable to traditional, less sustainable products. Mash Makes specializes in carbon removal and biofuel production, utilizing advanced technology to convert materials such as sewage sludge into bio-oil. This innovative process not only generates carbon-negative energy commodities but also helps clients maximize the value of waste, promoting sustainability in energy and material production on a large scale and at a low cost.

Kyoto Group

Post in 2024
Kyoto Group is focused on developing innovative thermal battery solutions designed for industrial applications. The company's flagship product, the HeatCube, operates by transforming electricity into heat without combustion, utilizing molten salt as a medium. This approach allows the efficient capture and management of energy from renewable sources, particularly from excess solar and wind energy. With capacities starting from 5MW, the HeatCube aims to provide industries with low-cost, long-lasting thermal energy while significantly reducing their carbon dioxide emissions. By offering a plug-and-play solution, Kyoto Group seeks to enhance the sustainability of industrial processes and contribute to a greener energy future.

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.

Sulapac

Debt Financing in 2023
Sulapac is a company focused on addressing the global plastic waste crisis through innovative biodegradable packaging solutions. It develops fully biodegradable and microplastic-free materials made from wood, which possess properties similar to traditional plastics. This enables Sulapac's packaging to maintain the functionality that consumers expect while offering a sustainable alternative. The company's products can be manufactured using standard processing techniques such as injection molding, extrusion, and blow molding, allowing customers to adopt these eco-friendly solutions without the need for new machinery. Sulapac's approach combines luxury, sustainability, and design versatility, making it a notable player in the shift towards environmentally responsible packaging.

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.

Baseload Capital

Convertible Note in 2022
Baseload Capital is an international investment entity focused on facilitating the growth of renewable heat power generation worldwide. They provide tailored financial services and development advisory support to heat power operators, empowering them with the necessary resources to construct and manage sustainable heat power plants.

Donkey Republic

Debt Financing in 2022
Donkey Republic is an online platform specializing in bike-sharing and bike rental services, operating in over ten key cities across Europe. The company collaborates with local partners to manage its locations while utilizing custom-branded bicycles. Its proprietary software is designed with unique features that prioritize respect for public spaces through a hub-centric service model. This approach enhances the predictability of bike availability and convenience for users. Donkey Republic emphasizes service innovation as a core aspect of its business strategy.

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.

RDG Collective

Debt Financing in 2022
RDG Collective was established in 2018 with the ambition to ‘Empower the Future’ by developing and distributing innovative solar home systems throughout Zambia, where an estimated 2.4 million households still lack access to electricity. While the cost of solar energy remained prohibitively high for almost all off-grid households, RDG Collective came up with innovative products distributed on a pay-as-you-go basis. By eliminating this financial barrier, RDG has enabled an increasing number of Zambian households to access solar home systems, refrigerators, solar water pumps and smartphones to improve and empower their lives.

Carbon Recycling International

Funding Round in 2018
Carbon Recycling International Inc. specializes in the production of renewable methanol, utilizing carbon dioxide, hydrogen, and electricity as key inputs. Founded in 2006 and based in Kopavogur, Iceland, the company has developed innovative technology for converting waste gases and renewable energy into methanol, which serves as a sustainable alternative for energy storage, fuel applications, and chemical products. Its proprietary Emissions-to-Liquids process allows for the direct synthesis of methanol from carbon dioxide, complemented by large-scale water electrolyzers and the purification of industrial flue gases. Carbon Recycling International's methanol, marketed under the brand name Vulcanol, is derived from renewable energy sources such as hydro, geothermal, wind, and solar. The company provides its advanced technology to power generation and industrial production sectors, contributing to efforts in reducing carbon emissions and promoting sustainable practices.

GreenStream Network

Venture Round in 2016
GreenStream Network Ltd was founded in July 2001 in Helsinki, Finland by three climate enthusiastics from energy and environmental markets. As one of the first companies in the climate markets, it got a fast start. The company soon became the most successful intermediary in the green certificate, effectively green electricity, markets. Clients' demands grew and the intermediary was expanded into portfolio management. In 2006 the company started asset management business and reached success launching one energy fund and four carbon funds: Kyoto-period funds Fine Carbon Fund and Nordic Carbon Fund, and later two post-Kyoto funds Climate Opportunity Fund and Fine Post-2012 Carbon Fund. GreenStream has been focusing on international markets from the day one. Since 2006 the role of China has steadily grown in GreenStream's business. Apart from China, the company has managed clean development mechanism (CDM) projects in Ukraine, Russia, Estonia, Latvia, Lithuania, South Africa, Jordan and Latin America. Altogether, GreenStream has been involved in over 100 emissions reduction projects around the globe. The key to GreenStream’s success has always been the capability of developing new, ground-breaking business concepts and implementing those – and in living up with its promises to the clients. This is a major achievement in the world’s most turbulent markets. “GreenStream is determined to be a part of fighting against climate change”, says Dr. Jussi Nykänen, founding partner and CEO of the company.
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.