Finindus

Finindus is an investment company that provides early-stage and growth financing to innovative companies focused on materials science, processing technologies, and sustainable manufacturing across the metal value chain. Typically investing €0.5 to €5 million per round, with a maximum of €10 million per company, Finindus actively contributes to portfolio companies' value creation through its network, expertise, and access to OCAS's research facilities.

Dirk De Boever

Head of Investments

Ruben Decoster

Investment Associate

Hans Maenhout

Investment Director

28 past transactions

HyperHeat

Pre Seed Round in 2024
HyperHeat develops advanced electric heating solutions capable of reaching temperatures up to 2000°C. Utilizing renewable electricity, HyperHeat provides an efficient alternative to fossil fuels for industries like steel, cement, and chemicals. With a high efficiency rate and scalability, the technology offers significant CO2 emission reductions.

Tau Group

Series B in 2024
Tau Group is a technology company dedicated to facilitating the energy transition and decarbonization of energy through its innovative solutions. Headquartered in Berlin, Germany, with a significant research and development presence in Turin, Italy, Tau employs over 50 professionals. The company specializes in developing patented technologies that combine sustainable, resource-efficient manufacturing practices with the performance requirements of electrification. This focus enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Additionally, Tau produces carbon-conscious protective coatings designed for high-performance and standard copper, aluminum, and steel wires, supporting clients in optimizing their processes and minimizing resource waste.

Fortius Metals

Seed Round in 2024
Fortius Metals specializes in manufacturing advanced wire alloys for large-format metal 3D printing and robotic welding. Its patented alloys enable stronger, lighter fabrication across various industries, including aerospace and electric vehicles.

Ventory

Seed Round in 2024
Ventory specializes in field inventory management software designed to enhance visibility and control. Its platform integrates with existing systems, offering real-time tracking, AI-enabled offline functionality, automated replenishment, and accurate stock counts. This enables businesses to minimize waste, optimize stock management, and improve decision-making.

Power to Hydrogen

Series A in 2024
Power to Hydrogen is a company developing hydrogen production technology using AEM-based electrolysis. The system produces high-pressure hydrogen from renewable energy with lower-cost materials, reducing stack costs by utilizing a hybrid liquid alkaline anion exchange membrane design that avoids expensive metals. The technology integrates with variable renewables and can also produce high-pressure oxygen and operate reversibly to generate electricity, creating additional revenue streams. It aims to lower the total cost of hydrogen to around $1 per kilogram and supports clean transportation, energy storage, and industrial decarbonization. Applicable to transportation and energy sectors, the technology enables sustainability goals through low-cost, high-pressure hydrogen production and potential co-produced oxygen and energy services.

CorrosionRADAR

Series B in 2024
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.

Ionomr Innovations

Series A in 2023
Ionomr Innovations designs and manufactures advanced ion-exchange membranes and polymers for clean tech applications. Founded in 2013, the company pioneers environmentally friendly materials to replace toxic fluorinated chemicals in electrochemical systems, enabling more efficient and sustainable solutions for water treatment, energy storage, hydrogen production, and chemical remediation.

Kraftblock

Series B in 2023
Kraftblock develops thermal energy storage solutions using advanced materials to support the transition to low-emission industrial heating. The company designs systems that decarbonize heat processes in industrial sectors by storing and supplying thermal energy at high temperatures, enabling applications not possible with conventional storage. Its platform enables large-scale, long-duration energy storage for industries, facilitating sustainable thermal processes and supporting renewables by providing affordable, controllable heat throughout the day. Kraftblock emphasizes efficiency and sustainability, aiming to reduce emissions and advance practical energy transition in industrial settings.

MagREEsource

Seed Round in 2023
MagREEsource develops hydrogen-based magnet recycling technology to enable a green, circular supply of Rare Earth permanent magnets. The company applies a green metallurgical process, including hydrogen decrepitation, pressing, sintering, coating, and magnetization, to recover NdFeB magnets in a short-loop recycling stream. This approach stabilizes and diversifies the supply of rare earth magnets for European high-tech industries while reducing carbon emissions and dependence on virgin material production.

Tau Group

Series B in 2023
Tau Group is a technology company dedicated to facilitating the energy transition and decarbonization of energy through its innovative solutions. Headquartered in Berlin, Germany, with a significant research and development presence in Turin, Italy, Tau employs over 50 professionals. The company specializes in developing patented technologies that combine sustainable, resource-efficient manufacturing practices with the performance requirements of electrification. This focus enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Additionally, Tau produces carbon-conscious protective coatings designed for high-performance and standard copper, aluminum, and steel wires, supporting clients in optimizing their processes and minimizing resource waste.

Viking Analytics

Series A in 2023
Viking Analytics AB is a software development company based in Gothenburg, Sweden, that specializes in analytics solutions for the manufacturing, chemical, and process industries. Established in 2012, the company offers its flagship product, MultiViz, which enables industrial clients to prepare, analyze, and visualize sensor data and condition monitoring information. This advanced software enhances machine failure analysis and prediction, allowing users to identify potential issues and operational inefficiencies with greater accuracy than traditional methods. By facilitating effective remote monitoring, Viking Analytics helps maintenance firms, OEMs, and system integrators reduce unplanned maintenance breaks and optimize processes and energy use, all while minimizing false alarms and eliminating the need for dedicated AI teams.

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 driving technology. The company has developed a remote control and self-driving system that supports railway operators by preventing collisions and aiding drivers in both mainline and urban settings. Its advanced driver assistance system, which incorporates a suite of sensors and algorithms, can be integrated into new rolling stock or retrofitted onto existing fleets. This flexibility allows both public and private railway operators to benefit from AI-driven solutions that address driver shortages, improve cost efficiency, and increase network capacity, all while advancing the overall safety of rail operations.

Hystar

Series B in 2023
Hystar, established in 2020, specializes in developing polymer electrolyte membrane electrolyzers for large-scale green hydrogen production. Its unique cell design and process architecture aim to minimize electricity consumption while maximizing hydrogen output, enabling professionals to address critical energy challenges and potentially lower greenhouse gas emissions.

JUUNOO

Seed Round in 2022
JUUNOO is a startup focused on the circular economy, specifically targeting single-use walls which contribute to significant waste and carbon emissions. The company offers a flexible, reusable wall system that reduces construction time by sevenfold and total cost of ownership by 30%, while decreasing CO2 emissions by 70%. These walls also provide superior acoustic values and high-end aesthetics. JUUNOO's business model involves buying back used walls to resell, enabling exponential scaling and global impact.

Ionomr Innovations

Series A in 2022
Ionomr Innovations designs and manufactures advanced ion-exchange membranes and polymers for clean tech applications. Founded in 2013, the company pioneers environmentally friendly materials to replace toxic fluorinated chemicals in electrochemical systems, enabling more efficient and sustainable solutions for water treatment, energy storage, hydrogen production, and chemical remediation.

Sentea

Venture Round in 2021
Sentea specializes in fiber optic sensing technology for structural health monitoring. Its solutions enable accurate prediction and prevention of equipment failure and structural damage, even in harsh environments. Additionally, Sentea's sensors improve operational efficiency by monitoring equipment and processes.

IMSystems

Series A in 2021
IMSystems specializes in advanced gearbox technology for industrial robotics. Its patented Archimedes Drive eliminates traditional gear teeth, enabling precise force delivery and ratios up to 10,000:1. This results in lighter, stronger, more efficient, scalable, and cost-effective drive solutions compared to competitors.

Wizata

Funding Round in 2021
Wizata is a platform as a service provider for manufacturing, offering an AI driven platform that improves efficiency, reliability, and sustainability of industrial operations. The solution supports quality control, maintenance, and performance monitoring, with features for early issue detection, predictive maintenance, energy management, and data visualization to boost return on investment. Wizata applies vertical data science approaches and delivers sector specific solutions across manufacturing and related domains, collaborating with client teams to uncover hidden opportunities within internal and external data. Based in Capellen, Luxembourg, the company combines advanced analytics with practical collaboration to tailor services to each sector, focusing on Industry 4.0 capabilities while expanding predictive and optimization capabilities to broader industrial applications.

XenomatiX

Venture Round in 2021
XenomatiX specializes in developing automotive vision systems for advanced driver assistance systems (ADAS) and autonomous driving applications. Their solutions employ complementary metal oxide semiconductor-based detectors, multi-beam laser projectors, and light detection and ranging technology to provide real-time 3D digitization of a vehicle's surroundings. Additionally, their solid-state LiDAR solutions cater to industries such as road construction, surveying, industrial, mining, agriculture, off-road vehicles, and railways.

Tau Group

Series A in 2020
Tau Group is a technology company dedicated to facilitating the energy transition and decarbonization of energy through its innovative solutions. Headquartered in Berlin, Germany, with a significant research and development presence in Turin, Italy, Tau employs over 50 professionals. The company specializes in developing patented technologies that combine sustainable, resource-efficient manufacturing practices with the performance requirements of electrification. This focus enables the creation of smaller, greener, and more powerful motors, transformers, and generators. Additionally, Tau produces carbon-conscious protective coatings designed for high-performance and standard copper, aluminum, and steel wires, supporting clients in optimizing their processes and minimizing resource 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 is a manufacturer of energy conversion systems based in Ter Aar, the Netherlands, established in 2004. The company specializes in delivering products that enhance energy efficiency, including power burners for steam production, steam turbines for large networks and co-siting projects, as well as gas turbines and clean combustion systems. Innecs serves various industries, such as food, ceramics, chemicals, printing, textiles, and utilities, providing solutions that contribute to sustainability and reduced energy costs. By focusing on technology that ensures a stable and reliable energy supply, Innecs Power Systems aims to support clients in minimizing their environmental impact.

REIN4CED

Seed Round in 2017
REIN4CED is a manufacturer that specializes in developing advanced composite materials for the bicycle industry. The company has created a fiber-strengthened carbon composite that incorporates specifically developed steel fibers, resulting in a product that offers enhanced impact resistance. This innovative material maintains high stiffness and low weight, making it ideally suited for durable and lightweight bicycle frames. By focusing on the intersection of safety and performance, REIN4CED aims to provide cyclists with robust yet efficient solutions that enhance both the longevity and safety of their bicycles.

Keystone Tower Systems

Venture Round in 2017
Keystone Tower Systems, Inc. is a manufacturer and installer of wind turbine steel towers, utilizing an innovative spiral welding process. Founded in 2010 and headquartered in Westminster, Colorado, the company conducts all rolling and welding operations in-house. This advanced manufacturing technique enables the production of larger towers that can support next-generation turbines, significantly lowering costs for both onshore and offshore installations. Additionally, Keystone's towers are designed to reach greater heights, allowing turbines to harness stronger winds for enhanced energy absorption.

Borit

Venture Round in 2014
Borit is a manufacturer specializing in components for fuel cells and electrolyzers, playing a vital role in the clean energy economy. The company utilizes proprietary forming technology to produce ultra-thin metal bipolar plates, flow fields, and structural parts, among other products. In addition to manufacturing, Borit provides a range of services including metal forming, cutting, laser welding, coating, and sealing. These offerings enable various industries, including transportation, construction, furniture, packaging, and general industrial applications, to acquire precision sheet metal components tailored to their specific needs.

Expanite

Venture Round in 2014
Expanite provides surface-hardening technology for metal components, focusing on stainless steel and other alloys. The company offers gas-based processes to treat stainless steel, titanium, and nickel-based alloys, delivering enhanced wear, corrosion, fatigue, and scratch resistance. Treatments can be performed in-house or at Expanite's treatment centers, enabling industries such as aerospace, automotive, and medical devices to extend the life and performance of critical components.

Calyos

Venture Round in 2012
Calyos is a company specializing in thermal regulation systems, focusing on advanced loop heat pipe cooling products. Originating from the space industry, Calyos leverages its expertise and scalable manufacturing capabilities alongside patented technologies to provide innovative cooling solutions. The company's systems utilize a dielectric fluid that absorbs heat and vaporizes at low temperatures, allowing clients to effectively manage heat in high-performance electronics across diverse applications, including servers, renewable energy systems, and telecommunications equipment. By enabling designers to create products without thermal limitations, Calyos aims to enhance the competitiveness of its clients' offerings in the market.

PowerCell Sweden

Venture Round in 2009
Founded in 2008, PowerCell Sweden develops and distributes fuel cell systems for various industries, including transport, marine, stationary, off-road, and on-road segments. Its core product is a fuel processor that converts existing fuels into clean hydrogen to power its emission-free fuel cell platforms.
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