Helsinki-based venture capital firm Greencode Ventures announces the successful first close of the new fund and its first investment. The firm focuses on accelerating the green transition through investing in digital-first startups. During the past months, they have raised nearly €40 million, with the help of Business Finland Venture Capital, Nordea Life Assurance Finland, Pohjola Insurance, OP Life Assurance Company, Konstsamfundet Ventures, Kelonia, Stephen Industries, Atavus, Nidoco, Halton Ventures, Ikorni Invest, Tre Smeder, and other experienced LPs.
Greencode Ventures is an active participant in the VC ecosystem, accelerating the green transition and supporting startups that are dedicated to making a positive impact. They envision “a future in which “Green” is the growth engine. Innovative companies are key in achieving this future, and Greencode aims to be a strong force enabling this change.”
The Greencode team firmly believes that diversity drives innovation and progress, and they are determined to lead by example. As a female-led and founded VC, Greencode Ventures aims to address the underrepresentation of female founding teams in the VC landscape (only 1 % of all VC funding in Europe is raised by women-only founding teams).
The distinguished members of Greencode Advisory Board: Sari Baldauf, chairwoman of Nokia, bringing invaluable insights and experience in the tech industries in their focus area, and Mika Anttonen, the majority owner of the energy company St1, who is a visionary entrepreneur using profits to finance projects that combat climate change and strive to replace oil. Their involvement further solidifies their commitment to making a lasting impact not only in the startup ecosystem but in critical industries more broadly.
Petri Serenius, the Investment Director of Business Finland Venture Capital, “We are delighted to provide our support for the launch of Greencode’s fund, which will invest in promising early-stage climate tech companies in Finland and Europe. We couldn’t think of a more relevant and impactful investment topic for a venture fund. Greencode boasts experienced personnel capable of creating substantial value for their portfolio companies.”
