Finindus is a venture capital firm based in Zwijnaarde, Belgium, established in 1926 and funded by ArcelorMittal and the Flemish Region. The firm specializes in providing early-stage and growth financing, both in equity and debt, to innovative companies within the metal value chain. Finindus focuses on sectors such as new alloys, surface functionalization, composite materials, and sustainable manufacturing technologies, including energy-efficient practices and waste valorization. Investment amounts typically range from 0.5 to 5 million euros per round, with a maximum of 10 million euros per company. While primarily targeting opportunities in Europe, particularly in Flanders, Finindus is open to exploring ventures in other regions that align with its core interests. The firm actively supports its portfolio companies by leveraging its extensive network and providing access to the resources and expertise of the OCAS metal research center.
HyperHeat is developing an innovative all-electric heating solution capable of achieving temperatures up to 2,000°C, utilizing renewable electricity to provide an efficient alternative to fossil fuel combustion. With an impressive efficiency rate of up to 98%, HyperHeat's technology is particularly suited for retrofitting industrial processes, facilitating significant reductions in CO2 emissions across sectors such as steel, cement, and chemicals. The scalable nature of the technology offers a cost-effective means to decarbonize thermal processes, with the potential to lower global CO2 emissions by over 4.5 gigatons annually. Currently operating in stealth mode, HyperHeat aims to support energy-intensive industries in their transition to zero carbon emissions, addressing the urgent challenge of climate change.
Tau Group
Series B in 2024
Tau Group is a technology company dedicated to advancing energy transition, decarbonization, and the electrification of transport. It develops patented technologies that balance sustainable, resource-efficient manufacturing with the performance requirements of electrification. This enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Tau Group specializes in carbon-conscious protective coatings for both high-performance and standard copper, aluminum, and steel wires. With a team of over 50 professionals, the company is headquartered in Berlin, Germany, while its research and development hub is primarily located in Turin, Italy. Through its innovations, Tau Group aims to foster a more efficient world where processes operate at their full potential without unnecessary waste.
Fortius Metals
Seed Round in 2024
Fortius Metals specializes in the manufacturing of wire alloys designed for large-format metal 3D printing and robotic welding. The company produces high-performance welding wire that addresses the challenges of hot tearing and hot cracking, allowing for the welding of traditionally unweldable aluminum alloys, including 1xxx, 2xxx, 6xxx, and 7xxx series. By utilizing reactive additive manufacturing technology, Fortius Metals supports advanced manufacturing processes tailored to the aerospace, defense, and electric vehicle sectors. Its patented welding alloys enable stronger and lighter fabrications, assisting clients in developing next-generation products that meet the increasing demands of these industries.
Ventory
Seed Round in 2024
Ventory focuses on field inventory management through a smart system that enhances visibility and control across various industries. The company provides a software-as-a-service platform that integrates with existing enterprise resource planning (ERP) and warehouse management systems (WMS), offering features such as mobile cycle counting. Its solutions cater to sectors including medtech, energy, infrastructure, and manufacturing, helping these industries streamline their inventory processes while gaining comprehensive insights and analytics.
Power to Hydrogen
Series A in 2024
Power to Hydrogen focuses on producing low-cost, clean hydrogen through advanced anion exchange membrane (AEM) electrolyzers. By utilizing renewable energy sources and lower-cost materials than traditional electrolyzers, the company addresses the technical and economic challenges associated with hydrogen production. Their technology not only generates high-pressure, efficient hydrogen but also produces high-pressure oxygen, which can potentially create additional revenue streams. This innovative approach aims to reduce the overall cost of hydrogen to $1 per kilogram, supporting clean transportation, efficient energy storage, and the decarbonization of industrial processes. Power to Hydrogen's solutions contribute to the energy industry's sustainability goals by facilitating a transition to greener energy sources.
Corrosion RADAR
Series B in 2024
CorrosionRADAR Ltd specializes in developing advanced corrosion monitoring systems utilizing innovative sensor technology to detect and predict hidden corrosion and moisture. Founded in 2017 and headquartered in Cambridge, United Kingdom, the company serves various industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its solutions are particularly valuable for refineries, offshore and onshore rigs, power plants, storage tanks, chemical plants, wind turbines, bridges, and tunnels. By leveraging patent-pending distributed sensing technology and advanced analytics, CorrosionRADAR enables predictive corrosion management, allowing clients to implement safe and cost-effective maintenance and inspection programs, even in challenging environments.
Ionomr Innovations
Series A in 2023
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.
Kraftblock
Series B in 2023
Kraftblock specializes in developing innovative thermal energy storage systems that facilitate the transition to renewable energy for various industries. By focusing on a materials-development approach, the company offers efficient and sustainable solutions for decarbonizing heat processes, addressing the urgent need to combat the climate crisis. Kraftblock's unique technology enables the storage and delivery of heat at temperatures up to 1300°C, making it suitable for a wide range of industrial applications that traditional thermal storage systems cannot support. In addition to promoting sustainable practices, Kraftblock's systems also enhance safety by providing reliable solutions during fire outbreaks, positioning the company as a key player in the energy transition towards 100% renewable sources.
MagREEsource
Seed Round in 2023
MagREEsource focuses on enhancing the circular economy by offering green metallurgical solutions for the recycling of neodymium iron boron (NdFeB) magnets. The company specializes in short loop recycling, which allows the efficient recovery of materials to stabilize and diversify the supply of rare earth permanent magnets. Utilizing a proprietary hydrogenation-based recycling technology, MagREEsource manufactures high-performance magnets from recycled NdFeB powders, thereby enabling clients to incorporate sustainable materials into their products. This approach not only addresses supply chain challenges associated with rare earth elements but also supports environmentally friendly manufacturing practices.
Tau Group
Series B in 2023
Tau Group is a technology company dedicated to advancing energy transition, decarbonization, and the electrification of transport. It develops patented technologies that balance sustainable, resource-efficient manufacturing with the performance requirements of electrification. This enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Tau Group specializes in carbon-conscious protective coatings for both high-performance and standard copper, aluminum, and steel wires. With a team of over 50 professionals, the company is headquartered in Berlin, Germany, while its research and development hub is primarily located in Turin, Italy. Through its innovations, Tau Group aims to foster a more efficient world where processes operate at their full potential without unnecessary waste.
Viking Analytics
Series A in 2023
Viking Analytics AB, based in Gothenburg, Sweden, develops advanced software solutions tailored for the manufacturing, chemical, and process industries. Established in 2012, the company specializes in its MultiViz analytics software, which assists industrial firms in preparing, analyzing, and organizing sensor data and condition monitoring information. This tool enables users to visualize data effectively, detect patterns, and monitor machine performance with greater reliability. Since 2018, Viking Analytics has focused on enhancing the capabilities of maintenance firms, original equipment manufacturers, and system integrators by identifying machines that require attention and providing insights into the reasons for their condition. By utilizing feedback from experts, the software continuously improves its performance, reducing false alarms and eliminating the need for companies to maintain their own artificial intelligence teams. Overall, Viking Analytics contributes to process optimization and minimizes unplanned maintenance interruptions through advanced anomaly detection and predictive analytics.
OTIV
Series A in 2023
OTIV is an artificial intelligence company focused on enhancing the safety and efficiency of railway transport in complex environments through autonomous vehicle technology. The company develops remote control and self-driving systems that assist drivers in both mainline and urban railway operations, aiming to prevent collisions and improve operational effectiveness. OTIV's comprehensive suite of sensors and algorithms can be integrated into new rolling stock or retrofitted to existing fleets, allowing public and private railway operators to utilize AI-driven intelligent driver assistance and autonomous driving solutions. This technology addresses challenges such as driver shortages and aims to increase cost efficiency while enhancing the overall safety and capacity of rail networks.
Hystar
Series B in 2023
Hystar is a company established in 2020 that specializes in the development of polymer electrolyte membrane electrolyzers intended for large-scale green hydrogen production. Its innovative technology features a distinctive cell design and process architecture that aims to lower electricity consumption while enhancing hydrogen output. This advancement supports professionals in addressing significant energy challenges and offers the potential to diminish greenhouse gas emissions.
JUUNOO
Seed Round in 2022
JUUNOO is a start-up dedicated to addressing the significant waste generated by single-use walls, which contributes to a substantial portion of global CO2 emissions. The company offers a flexible and circular wall system that can be installed seven times faster than traditional methods, while reducing total costs by 30% and CO2 equivalent emissions by 70% through its reusability and adaptability. JUUNOO's walls also provide excellent acoustic performance and high-end aesthetic finishes. The business model is designed for scalability, as JUUNOO can repurchase its walls after their initial use, allowing for multiple life cycles that generate higher margins than producing new materials. By promoting this sustainable approach, JUUNOO aims to make a global impact and encourage others to explore innovative solutions to combat the single-use economy.
Ionomr Innovations
Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.
Sentea
Venture Round in 2021
Sentea specializes in fiber optic sensing technology that provides precise and reliable structural health monitoring solutions. These advanced sensors are designed to predict and prevent equipment failures and structural damage, even in challenging environments. By integrating optical components directly onto a chip, Sentea offers cost-effective sensor interrogators that enhance operational efficiency for industrial installations. The company's innovative approach facilitates the monitoring and improvement of equipment performance, ensuring greater reliability and safety in various applications.
IMSystems
Series A in 2021
IMSystems focuses on advancing gearbox technology with its innovative Archimedes Drive, which eliminates traditional gear teeth to overcome the traction drive paradox. This patented technology utilizes Flexroller mechanics, allowing for high torque delivery in a compact design, achieving ratios up to 10,000:1. The Archimedes Drive combines the reliability of planetary drives with the precision of friction transmission, enabling industrial robots to achieve consistent and reliable torque transfer without compromising asset durability. By offering a lighter, stronger, and more efficient alternative to conventional speed reducer technologies, IMSystems aims to revolutionize the robotics industry, enhancing production speeds and operational precision.
Wizata
Funding Round in 2021
Wizata SA, founded in 2014 and based in Capellen, Luxembourg, specializes in developing platform-as-a-service solutions tailored for the manufacturing industry. The company's software focuses on enhancing quality control, maintenance, and overall performance within manufacturing processes. By leveraging artificial intelligence, Wizata provides tools that address critical areas such as production optimization, quality sustainability, and predictive maintenance. The company also caters to various sectors, including insurance, energy, healthcare, and e-commerce, aiming to uncover valuable insights from both internal and external data. Through collaboration with industry experts and data scientists, Wizata offers customized solutions to help clients navigate the complexities of their specific challenges and identify unexploited opportunities.
XenomatiX
Venture Round in 2021
Xenomatix specializes in solid-state light detection and ranging solutions that cater to advanced driver assistance systems (ADAS) and autonomous driving technologies. The company develops automotive vision systems utilizing laser-based technology and complementary metal oxide semiconductor detectors, enabling real-time 3D digitization of vehicle surroundings. Their products are also applicable in various sectors, including road construction, surveying, industrial, automotive, mining, agriculture, off-road activities, and railway operations. By providing innovative solutions, Xenomatix helps enhance safety and efficiency in both automotive and industrial markets.
Tau Group
Series A in 2020
Tau Group is a technology company dedicated to advancing energy transition, decarbonization, and the electrification of transport. It develops patented technologies that balance sustainable, resource-efficient manufacturing with the performance requirements of electrification. This enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Tau Group specializes in carbon-conscious protective coatings for both high-performance and standard copper, aluminum, and steel wires. With a team of over 50 professionals, the company is headquartered in Berlin, Germany, while its research and development hub is primarily located in Turin, Italy. Through its innovations, Tau Group aims to foster a more efficient world where processes operate at their full potential without unnecessary waste.
Guaranteed
Venture Round in 2019
Guaranteed specializes in the repair and rebuild of large industrial components, utilizing direct energy deposition technologies. This innovative approach enables the on-demand repair and rebuilding of slow-moving parts, significantly reducing lead times and minimizing the reliance on new raw materials. By avoiding the costs associated with storage and transportation, Guaranteed serves various heavy industries, including mining, oil and gas, railway, maritime, and energy. The company also offers advanced simulation, monitoring, and inspection tools to ensure high-quality, defect-free production outcomes.
Innecs Power Systems
Venture Round in 2018
Innecs Power Systems BV, founded in 2004 and based in Ter Aar, the Netherlands, specializes in manufacturing energy conversion systems designed to enhance energy efficiency and sustainability. The company provides a range of products, including power burners for steam production and various industrial processes, steam turbines for large steam networks and co-siting projects, as well as gas turbines and clean combustion systems. Innecs serves multiple industries, including food, ceramics, chemicals, printing, textiles, utilities, and paper, facilitating reduced energy costs and promoting environmentally friendly practices.
REIN4CED
Seed Round in 2017
REIN4CED specializes in the development of a fiber-strengthened composite material designed to enhance the performance of bicycle frames. By combining carbon composites with specially engineered steel fibers, the company creates a material that offers superior impact resistance while maintaining high stiffness and low weight. This innovative approach allows for the production of durable and lightweight bicycle frames, providing cyclists with enhanced safety and longevity in their equipment.
Keystone Tower Systems
Venture Round in 2017
Keystone Tower Systems, Inc. is a manufacturer and installer of wind turbine steel towers, utilizing a specialized spiral welding process that enhances the production of towers capable of supporting larger next-generation turbines. Founded in 2010 and headquartered in Westminster, Colorado, the company conducts all necessary rolling and welding operations in-house. This innovative approach not only reduces the costs associated with both onshore and offshore towers but also enables turbines to be constructed taller, thereby accessing stronger winds for greater energy absorption.
Borit
Venture Round in 2014
Borit specializes in manufacturing components for fuel cells and electrolyzers, focusing on the clean energy sector. The company develops ultra-thin metal bipolar plate assemblies using proprietary forming technology and offers a range of services, including cutting, laser welding, coating, and sealing. Its product lineup includes metal bipolar plates, flow fields, and structural parts, which are essential for various applications in industries such as transportation, construction, furniture, packaging, and general manufacturing. By providing precision sheet metal solutions, Borit plays a significant role in advancing sustainable energy technologies.
Expanite
Venture Round in 2014
Expanite specializes in surface-hardening solutions for stainless steel, enhancing the performance and durability of various alloys. The company's technology significantly improves resistance to corrosion, wear, fatigue, and scratches, addressing common issues faced by businesses that use stainless steel. Expanite offers its services either in-house or at its dedicated treatment center, providing clients with versatile options for processing their materials. By focusing on these enhancements, Expanite enables companies to improve the longevity and reliability of their stainless steel products, ultimately leading to better performance in various applications.
Calyos
Venture Round in 2012
Calyos is a company that specializes in thermal regulation systems, particularly focusing on advanced loop heat pipe cooling products. Originating from the space industry, Calyos leverages its extensive expertise and scalable manufacturing capabilities alongside patented technologies. The company's innovative systems utilize a dielectric fluid that effectively absorbs heat and boils at low temperatures, providing efficient cooling solutions for high-performance electronics. These products are applicable across various sectors, including servers, renewable energy systems, and telecommunication equipment. By eliminating thermal limitations, Calyos empowers clients to design competitive and reliable electronic products.
PowerCell Sweden
Venture Round in 2009
PowerCell Sweden AB, founded in 2008 and based in Gothenburg, is a company focused on developing and distributing fuel cell systems primarily for the transport industry and select high-tech markets. It manufactures environment-friendly electrical power systems designed for various segments, including stationary, marine, off-road, and on-road applications. The company's fuel cell platforms operate using pure or reformed hydrogen gas, generating electricity and heat with only water as a byproduct, thus promoting clean energy solutions. PowerCell also offers services such as consultation, support, modification, and turnkey solutions to assist clients in transitioning to hydrogen electrification. The company predominantly generates its revenue from Norway, reflecting its strong presence in the clean energy sector.
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