Climentum Capital
Climentum Capital is a Copenhagen-headquartered European venture capital firm, founded in 2020 and operating from Copenhagen, Berlin and Stockholm, that provides early-stage seed and Series A capital to climate hard tech and deep tech startups cutting emissions across energy, industry and supply chains. It runs Article 9 funds with a dual-carry structure that ties carried interest to verified emissions reductions, writing initial tickets of 1-5M EUR with follow-on capacity up to 10M EUR.
Climentum Capital is a Copenhagen venture capital firm with 15 active companies and 1 exit.
Sector breakdown
16 companiesGeography breakdown
6 geographiesKey facts
Recent exits
Climentum Capital sold Kärnfull Next to Studsvik in 2026 after 3 years.
Coverage notes
1 fund tracked, 16 portfolio companies (15 active · 1 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Climentum Capital has raised, with its portfolio companies. Hand-checked from public filings.
Climentum Capital Fund IVC2022€60M15 assets1 exitsVC2022 · 4yr€60M151
Unrealized
15 held| Company | Entry |
|---|---|
| Aegir Insights ClimateTech · Denmark | 2024 |
| Continuum Industrials · Denmark | 2022 |
| ecoLocked Construction · Germany | 2024 |
| Enerin ClimateTech · Norway | 2025 |
| Entocycle AgTech · UK | 2023 |
| Jolt ClimateTech · Spain | 2023 |
| Nature Robots AgTech · Germany | 2026 |
| Novatron Fusion Group ClimateTech · Sweden | 2023 |
| one.five Industrials · Germany | 2022 |
| Qvantum ClimateTech · Sweden | 2023 |
| Rail-Flow Logistics · Germany | 2025 |
| Rodinia Generation Industrials · Denmark | 2024 |
| Scale Energy Energy · Germany | 2025 |
| Wayout Industrials · Sweden | 2023 |
| ZeroPoint Technologies Deep Tech · Sweden | 2023 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Kärnfull Next Energy · Sweden | 2023 | 2026 | Trade Sale | Studsvik | – |
About Climentum Capital
Climentum Capital is a Danish climate venture capital firm with €150 million Fund I (closed 2022) and Fund II targeting €100 million (approximately €60 million first close in late 2025), headquartered in Copenhagen with offices in Berlin and Stockholm. The firm was founded in 2021 by Malin, Dorte, Stefan and Morten and operates as a partner-owned independent climate VC with five General Partners. Climentum is an Article 9 SFDR fund with dual carry aligning financial and impact returns.
Investment thesis
Climentum Capital deploys capital through two flagship funds (Fund I 2022, Fund II 2024-2025) targeting early-stage hard-tech climate VC investments (Seed and Series A) with €1-5 million initial tickets, 10% target ownership and 50% reserved for follow-on. Sector focus spans six high-emission sectors: energy, industry, infrastructure, mobility, materials and food and agriculture. Geographic deployment is Europe-wide across investments in seven countries spanning Nordics, DACH and UK. The Article 9 SFDR fund with dual-carry impact-aligned compensation backs un-hyped hard-tech industrial decarbonisation rather than software-heavy climate tech.
Recent activity
Realised exits have not been disclosed reflecting the early fund vintage (2022 onwards). Recent acquisitions include Scale Energy (decentralised battery storage, February 2025), Novatron Fusion (energy, 2024-2025), Aegir Insights (offshore wind data and software, February 2024), Rodinia Generation (cleantech, April 2024), ZeroPoint Technologies (industrial decarbonisation, May 2024) and Qvantum (heat pumps, 2024). The platform continues active deployment across Fund II and the six-sector industrial decarbonisation thesis.
Frequently asked questions
- What investment strategy does Climentum Capital focus on?
- Climentum Capital focuses on VC strategies in the private equity space.
- How many portfolio companies does Climentum Capital have?
- Climentum Capital has 15 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.
- Where is Climentum Capital headquartered?
- Climentum Capital is headquartered in Copenhagen, Denmark.
- When was Climentum Capital founded?
- Climentum Capital was founded in 2020.
- What sectors does Climentum Capital invest in?
- Climentum Capital invests across Energy, Industrials.
- What are Climentum Capital's recent exits?
- Recent realized exits by Climentum Capital include: Kärnfull Next (2026) to Studsvik.
Similar firms
Other private equity firms tracked on GP Intel.
Denmark·€93.0B
Denmark·€700MDenmark·€500MDenmark·€300M
Denmark·€107MDenmark·€80MDenmark·€5MDenmarkDenmarkDenmark
DenmarkDenmark