Almi Invest

Almi Invest is a venture capital firm based in Sweden, established in 2009. It focuses on investing in Swedish startups with promising, scalable business models led by motivated entrepreneurs. Almi Invest operates seven regionally based funds, managing a total capital of SEK 1 billion. The firm typically makes initial investments ranging from SEK 2 million to SEK 4 million, with the potential to invest up to SEK 10 million over the lifetime of a venture. Almi Invest emphasizes a strong entrepreneurial team and an initial revenue stream over specific industry sectors, allowing for diverse investment opportunities across technology, fintech, life sciences, and sustainability sectors, among others. The firm partners with other investors, acquiring a maximum of 50 percent of shares in a new issuance, and reinvests generated yields, functioning as an Evergreen Fund. Half of its funding originates from European Union structural funds, complemented by regional investors and its founding organization, ALMI Företagspartner.

Jörgen Bodin

Fund Manager

Anna Gisselsson

Investment Manager

Boris Gyllhamn

Investment Manager

Markus Hokfelt

Fund Manager

Patrik Sjöstrand

Investment Manager

Louise Warme

Investment Manager

Past deals in Biofuel

Big Akwa

Venture Round in 2023
Big Akwa is a food-tech start-up focused on innovating land-based aquaculture through industrial symbiosis. By integrating aquaculture with the process industry, the company employs a circular approach to fish production that utilizes low-temperature waste heat from industrial plants to warm fish farm water, promoting faster growth and reducing energy consumption. Additionally, wastewater from the fish farms is repurposed as a resource for industrial applications, enhancing sustainability. This innovative system not only minimizes the environmental footprint of fish farming but also decreases production costs by up to 20% through shared resources and infrastructure. Big Akwa's model supports the annual farming of sustainable fish in a closed-loop system, ensuring no nutrients are released into the environment.

Big Akwa

Seed Round in 2022
Big Akwa is a food-tech start-up focused on innovating land-based aquaculture through industrial symbiosis. By integrating aquaculture with the process industry, the company employs a circular approach to fish production that utilizes low-temperature waste heat from industrial plants to warm fish farm water, promoting faster growth and reducing energy consumption. Additionally, wastewater from the fish farms is repurposed as a resource for industrial applications, enhancing sustainability. This innovative system not only minimizes the environmental footprint of fish farming but also decreases production costs by up to 20% through shared resources and infrastructure. Big Akwa's model supports the annual farming of sustainable fish in a closed-loop system, ensuring no nutrients are released into the environment.

Nordic SeaFarm

Venture Round in 2022
Nordic SeaFarm is a producer of fair-trade seaweed, focusing on organic seaweed cultivation that utilizes carbon dioxide and phosphorus for crop growth. The company collaborates with various stakeholders in the food chain to develop innovative products and services related to aquaculture. By promoting sustainable practices, Nordic SeaFarm provides customers with a reliable source of plant-based food, contributing to environmentally friendly solutions in the food industry.

NitroCapt

Venture Round in 2022
NitroCapt is a climate-tech company focused on producing green nitrogen fertilizers through an innovative chemical process known as SUNIFIX. This technology allows for the extraction of nitrogen from the air, creating climate-neutral fertilizers that are both cost-effective and sustainable. By offering a fossil-free alternative to traditional nitrogen fertilizers, NitroCapt aims to enhance agricultural productivity while promoting sustainability. The company's business model is designed to make its customers more profitable compared to the use of fossil-based fertilizers, facilitating a transition to a decarbonized nitrogen fertilizer industry. Through its efforts, NitroCapt supports farmers in adopting sustainable agricultural practices.

Tebrito

Seed Round in 2021
Developer of insect-based products designed to offer a sustainable and innovative source of future protein supply. The company's products are developed using a large-scale automated production chain of insects for food and feed, grown on residual streams from the forest industry and are offered in a category of products including mealworms, refined products, frass and other related products, enabling customers to access protein-rich, digestible and sustainable food items.

Ecohelix

Venture Round in 2021
Ecohelix specializes in producing sustainable biopolymers that serve as eco-friendly alternatives to traditional oil-based products. Utilizing a biomimetic process that mimics natural wood formation, Ecohelix harnesses enzymatic reactions to convert lignin and hemicellulose, byproducts from pulp mills, into high-performance, biodegradable polymers. These polymers are designed for various applications, including packaging, construction, and cosmetics, thereby offering a solution that not only reduces CO2 emissions but also enhances the value of the pulp industry. Through its innovative technology, Ecohelix aims to promote environmental sustainability while meeting the needs of diverse market sectors.

Spowdi

Venture Round in 2020
Spowdi, short for Solar Powered Water Distribution, specializes in innovative solar-powered water distribution systems aimed at enhancing agricultural productivity while minimizing environmental impact. The company has developed an energy-efficient water pumping solution that replaces traditional diesel pumps, significantly reducing carbon dioxide emissions. Utilizing a small solar panel, Spowdi's technology operates with zero emissions, promoting sustainable practices in farming. This approach not only enables small-scale farmers to boost their revenues but also supports the transition away from fossil fuels, contributing to a more profitable and eco-friendly agricultural system. By manufacturing its systems at a low cost, Spowdi makes its solutions accessible to a wide range of users in the agricultural sector.

Tebrito

Seed Round in 2020
Developer of insect-based products designed to offer a sustainable and innovative source of future protein supply. The company's products are developed using a large-scale automated production chain of insects for food and feed, grown on residual streams from the forest industry and are offered in a category of products including mealworms, refined products, frass and other related products, enabling customers to access protein-rich, digestible and sustainable food items.

Havredals

Angel Round in 2020
Havredals creates 100% plant-based foods from common Nordic raw materials, grown and harvested in Sweden and our Nordic neighboring countries. Simple crops, which are taken advantage of and become pure super foods.

Swedish Algae Factory

Venture Round in 2020
Swedish Algae Factory AB, founded in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company extracts nanoporous silica from silicon algae, which enhances solar panel efficiency by trapping visible light and blocking UV light. Laboratory tests have shown promising results, indicating significant improvements in solar energy capture. Additionally, the nanoporous material developed by Swedish Algae Factory has versatile applications beyond solar technology; it can absorb and release particles, making it useful in skincare products for moisturizing, cleaning, and UV protection.

C-Green

Post in 2020
C-Green Technology AB, based in Stockholm, Sweden, specializes in converting industrial and municipal sludge into biofuel using an innovative hydrothermal carbonization process. This technology transforms wet bio-waste into sterile, dry HTC bio-coal, while effectively managing sludge to separate phosphorus and heavy metals, degrade toxins, and deactivate pharmaceuticals. By providing sludge management services, C-Green enables power plant operators to achieve their environmental targets, resulting in reduced carbon dioxide emissions, minimized transportation needs, and zero methane emissions. Their approach not only facilitates safe waste disposal but also contributes to sustainable energy solutions.

Tebrito

Seed Round in 2019
Developer of insect-based products designed to offer a sustainable and innovative source of future protein supply. The company's products are developed using a large-scale automated production chain of insects for food and feed, grown on residual streams from the forest industry and are offered in a category of products including mealworms, refined products, frass and other related products, enabling customers to access protein-rich, digestible and sustainable food items.

C-Green

Seed Round in 2018
C-Green Technology AB, based in Stockholm, Sweden, specializes in converting industrial and municipal sludge into biofuel using an innovative hydrothermal carbonization process. This technology transforms wet bio-waste into sterile, dry HTC bio-coal, while effectively managing sludge to separate phosphorus and heavy metals, degrade toxins, and deactivate pharmaceuticals. By providing sludge management services, C-Green enables power plant operators to achieve their environmental targets, resulting in reduced carbon dioxide emissions, minimized transportation needs, and zero methane emissions. Their approach not only facilitates safe waste disposal but also contributes to sustainable energy solutions.

Swedish Algae Factory

Seed Round in 2017
Swedish Algae Factory AB, founded in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company extracts nanoporous silica from silicon algae, which enhances solar panel efficiency by trapping visible light and blocking UV light. Laboratory tests have shown promising results, indicating significant improvements in solar energy capture. Additionally, the nanoporous material developed by Swedish Algae Factory has versatile applications beyond solar technology; it can absorb and release particles, making it useful in skincare products for moisturizing, cleaning, and UV protection.

Sustainalube

Seed Round in 2016
Sustainalube AB specializes in the development of innovative, environmentally friendly lubricants that meet and exceed current environmental standards without sacrificing performance or cost. Founded in 2015 by three professors from Luleå University of Technology, the company has created a unique oil-free lubricant based on patented technology after extensive research. Sustainalube's products are water-soluble, non-toxic, and completely biodegradable, making them suitable for various applications, particularly in the forest and construction industries. These characteristics allow users to clean without the need for harmful chemicals, thus saving time and money while promoting sustainable practices. Sustainalube has gained recognition for its contributions to environmental innovation, winning several entrepreneurial awards, including the Venture Cup Sweden in the "Environment & Energy" category and the Future Prize in 2015. The company conducts sales both directly and through retailers, welcoming inquiries from a global customer base.

Biofrigas

Venture Round in 2014
Biofrigas Sweden AB, based in Gothenburg, Sweden, specializes in the production of liquid biogas through the upgrading and liquefaction of biogas. The company serves various sectors, including food industries, agriculture, and wastewater treatment, by providing facilities that utilize innovative technology for small-scale biogas production. In addition to biogas, Biofrigas also supplies CO2 and heat for diverse applications.

Colabitoil

Seed Round in 2014
Colabitoil Sweden is a company focused on the production of alternative fuels within the green technology sector, particularly biofuels derived from the hydrogenation of vegetable oils. With fossil fuels representing over 30 percent of Sweden's total energy consumption, the demand for renewable fuels is steadily increasing. Colabitoil's offerings include renewable diesel and biofuels, catering to a variety of markets such as passenger and freight transport, agriculture, forestry, and the marine sector. The company is positioned to meet the growing need for sustainable fuel options, as biofuels currently account for more than 20 percent of Sweden's fuel usage, with hydrogenated vegetable oils (HVO) showing significant growth in adoption.
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