Finnish Climate Fund
Finnish Climate Fund is a special-purpose company owned by the state, whose activities focus on combating climate change, accelerating the low-carbon industry, and promoting digitalization. The Climate Fund’s primary investment targets are industrial scale-ups of climate solutions: the first verification of new technology and/or its business model at an industrial or commercial scale. The other investment category of the Climate Fund includes physical or digital platforms enabling emissions reductions. During its launching phase, the Climate Fund can provide capital loans or use special investment funds and other special funding instruments. The company will not award direct grants or subsidies. Depending on the financing category and target, the financing by the Climate Fund can vary between 1 and 20 million euros. The annual financing volume is approximately 80 million euros.
Top Regions
20 past transactions
AISTI
Debt Financing in 2024
AISTI is a manufacturer of building construction materials focused on sustainability. The company specializes in producing acoustic tiles made from wood pulp, which are fully carbon-negative, plastic-free, and easy to recycle. By utilizing wood fiber, AISTI addresses the growing demand for environmentally friendly construction products, promoting safer and more sustainable practices in the construction industry.
Enifer
Debt Financing in 2024
Enifer is a biotechnology company that produces mycoprotein from fungal fermentation, converting agrifood byproducts and fish by-products into Pekilo mycoprotein, a single-cell protein for fish feed. The protein is designed to replace soy in aquafeed, addressing ecological concerns linked to soy cultivation such as deforestation, and to support circular economy practices by turning underutilized side streams and waste from biorefineries into a nutritious, protein-rich feed ingredient for modern aquaculture.
Cactos
Series A in 2024
Cactos specializes in smart energy storage systems designed to optimize energy usage and ensure reliable power supply. Their systems are installed on client premises, providing backup power during outages and supporting renewable energy integration.
Paptic
Debt Financing in 2023
Paptic is a manufacturing company focused on creating innovative, wood-based renewable and recyclable products that aim to replace traditional paper and plastic materials. By developing plastic bags that merge the renewability and recyclability of paper with the functional benefits of plastics, Paptic addresses critical global environmental challenges, particularly the accumulation of plastic waste. The company's products enable customers to pursue sustainable practices without compromising their everyday needs for plastic bags.
Hycamite TCD Technologies
Venture Round in 2023
Hycamite TCD Technologies is a private company that specializes in commercializing innovative environmental technologies. It focuses on developing clean hydrogen production methods, notably through processing methane without generating carbon dioxide emissions.
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.
Infrakit
Convertible Note in 2023
Infrakit offers a cloud-based platform facilitating real-time collaboration and information sharing among stakeholders in construction projects. It provides centralized project data, enabling error reduction, quality improvement, and increased efficiency. Additionally, Infrakit offers consulting, training, and support services to optimize digital solutions.
Hycamite TCD Technologies
Debt Financing in 2023
Hycamite TCD Technologies is a private company that specializes in commercializing innovative environmental technologies. It focuses on developing clean hydrogen production methods, notably through processing methane without generating carbon dioxide emissions.
Aeromon
Debt Financing in 2022
Aeromon provides mobile emission monitoring services using proprietary technology. It specializes in detecting and tracking airborne emissions such as gases, particulate matter, and noise, supporting sustainable operations and enabling industrial clients to make informed decisions.
DataSpace Europe
Debt Financing in 2022
DataSpace Europe facilitates the efficient utilization of data as a renewable resource. It offers data intermediation services that connect Finnish food industry operators across the entire value chain, from agriculture to retailers and consumers.
Resand Oy
Debt Financing in 2022
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.
Taaleri Bioindustry
Venture Round in 2022
Founded in 2021, Taaleri Bioindustry invests in and develops industrial-scale plants globally to facilitate the growth of the bioeconomy sector. Its focus is on resource-efficient and sustainable materials production.
QHeat
Debt Financing in 2022
QHeat specializes in geothermal energy technology. Its patented coaxial system provides low-emission heating, cooling, and energy storage solutions for various built environments, serving clients such as real estate owners, energy companies, and consultants.
P2X Solutions
Debt Financing in 2021
P2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology. The company focuses on producing and refining hydrogen in a cost-effective manner to facilitate the development of synthetic fuels. By harnessing innovative technologies, P2X Solutions aims to support the transition to sustainable products, contributing to an emission-free society. Its efforts are geared towards promoting a better future through the advancement of renewable energy solutions.
Joensuu Biocoal
Debt Financing in 2021
Joensuu Biocoal develops and scales torrefaction technology to convert by-products into torrefied biomass for industrial use. The company offers renewable technology that provides an alternative to fossil raw materials, producing torrefied biomass from by-products that can be used directly in industrial heat and energy production. This approach enables forest industry operations to replace fossil inputs in existing infrastructure without significant investment or changes to production processes.
Aurelia Turbines
Debt Financing in 2021
Aurelia Turbines designs and manufactures two-stage gas turbines for small and medium-sized enterprises. Originating from research at Lappeenranta University of Technology, the company emphasizes high reliability and efficiency through modular components. Based in Lappeenranta, Finland, it maintains additional offices in Germany and the United Kingdom. The turbines use a low-emission combustion process compatible with hydrogen, biogas, synthetic gas, and other renewable or non-standard fuels, enabling customers to reduce operating costs and environmental impact. Aurelia holds a portfolio of intellectual property around its core technology and continues to develop its product applications with industrial partners, leveraging public and EU funding channels to support its R&D and growth.
Betolar
Debt Financing in 2021
Betolar Ltd., established in 2013 and headquartered in Kannonkoski, Finland, specializes in transforming industrial waste streams from energy, mining, and forestry sectors into geopolymer concrete. The company offers a range of products including concrete mixes, soil stabilization materials, and serves clients across construction industries such as ground engineering, mining, landscaping, and building materials. Betolar's core mission is to facilitate the green transition in various industries by providing sustainable, low-carbon alternatives to traditional cement-based concrete.
Elstor
Debt Financing in 2021
Elstor develops innovative technology to produce emission-free steam and heat, serving as a cost-effective alternative to fossil fuels in industrial processes.
Solar Foods
Debt Financing in 2021
Solar Foods is a food‑tech company founded in 2017 and headquartered in Lappeenranta, Finland. It develops a patented hydrogen‑fermentation platform that converts electricity into hydrogen, which is then combined with carbon dioxide, water, vitamins, and minerals to feed hydrogen‑oxidizing microbes. The resulting single‑cell biomass is processed into Solein, a protein‑rich powder that serves as a sustainable, nutritionally complete substitute for animal‑derived proteins. The company focuses on commercializing this technology to produce food raw materials that can replace animal‑based foods while reducing environmental impact.
Volare
Volare is a food technology company that upcycles industrial food waste into sustainable protein, oil, and fertilizer ingredients, including insect-derived proteins and lipids produced from black soldier fly larvae, using proprietary technology. The company aims to replace nature-destroying inputs such as fishmeal from wild catch, soy, and palm oil in animal feeds and the chemical industry, helping processors meet climate and nature goals by converting side-streams back into the food chain as protein and lipid ingredients.
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