Finindus

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.

Ruben Decoster

Investment Associate

Hans Maenhout

Investment Director

Past deals in Steel

HyperHeat

Pre Seed Round in 2024
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.

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.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.