Sustainable Technologies Fund

Sustainable Technologies Fund is a Stockholm-based venture capital firm founded in 2007 that specializes in investments in sustainable and clean technologies. The firm primarily targets early to late-stage companies within sectors such as energy efficiency, recycling, energy storage, sustainable materials, renewable energy generation, and environmental purification. It typically invests between €1 million and €3 million initially, with a total investment range of €4 million to €6 million per company over the investment's lifespan. The firm's focus is on companies with annual revenues between €2 million and €10 million, and it prefers to take minority stakes while also seeking active board involvement. Sustainable Technologies Fund operates mainly in the Nordic region and has a portfolio that includes companies like Tripod Energy and Eco2energy.

André Heinz

Co-Founder and Investment Director

Hans Lundgren

General Partner and Investment Director

7 past transactions

Triventus

Venture Round in 2011
Triventus, a Falkenberg, Sweden-based wind power consultant.

Havgul Clean Energy

Venture Round in 2010
Havgul Clean Energy AS specializes in the development of onshore and offshore wind power projects, primarily in Norway and Sweden, with additional activities in Poland and the United States. Founded in 2007 and based in Oslo, Norway, the company was formerly known as Bora Energi AS. Havgul is recognized for its involvement in the Havsul projects, which are significant offshore wind initiatives along the Norwegian coast. As a subsidiary of Triventus Wind Power AB since 2015, Havgul Clean Energy emphasizes environmental sustainability and renewable energy solutions, aiming to provide alternative energy sources while contributing to a greener future.

REAC Fuel

Series B in 2010
REAC Fuel is a cleantech company based in Lund, Sweden, focused on developing innovative technologies for biofuel production. The company has created a thermo-chemical technology platform that effectively converts lignocellulosic biomass and waste streams rich in cellulose into sugars, chemicals, and liquid fuels. This process enables the production of sustainable feedstocks for various chemical applications and liquid fuel, contributing to advancements in renewable energy solutions.

Lysanda

Series B in 2009
Lysanda produces the Eco-Logâ„¢ which helps reduce vehicle fleet running costs by providing highly accurate data on fuel consumption and wastage.

Innotech Solar

Venture Round in 2009
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.

Hexaformer

Venture Round in 2009
Hexaformer technology makes it possible to manufacture closed symmetrical delta shaped transformer cores, building transformer and reactor solutions to help their customers to improve the energy distribution in several aspects. The "green" properties, with e.g. low losses and less material used, are unique and have given us a substantial interest. Their robustness and their lower weight have also proven to be advantageous in several applications. Hexaformer manufactures its products in Västervik, Sweden. Their technology is also licensed to other manufacturers around the globe. The company was founded in 2004 and is now owned by a combination of strong venture capital companies and private individuals.

SunCore

Venture Round in 2008
SunCore specializes in creating a solar-powered battery system that harnesses various light sources, including sunlight and indoor artificial light, to charge mobile communication devices. This innovative technology allows users to power and maintain their devices without the need for charging cords, ensuring that they remain functional at all times. By providing a reliable and sustainable charging solution for mobile phones, laptops, and tablets, SunCore enables users to enjoy uninterrupted access to their devices, regardless of their location or available power sources.
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