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.
Key facts
Recent exits
Coverage notes
1 fund tracked, 16 portfolio companies (15 active · 1 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
16 companiesFunds & portfolio
Every fund Climentum Capital has raised, with its portfolio companies. Hand-checked from public filings.
Climentum Capital Fund IVC2022 · 4yr€60M15 active · 1 realized
Unrealized
15 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ClimateTech |  Denmark | 2024 | |
| Industrials | Denmark | 2022 | |
| Construction |  Germany | 2024 | |
| ClimateTech |  Norway | 2025 | |
| AgTech |  UK | 2023 | |
| ClimateTech |  Spain | 2023 | |
| AgTech | Germany | 2026 | |
| Energy |  Sweden | 2023 | |
| Industrials | Germany | 2022 | |
| ClimateTech | Sweden | 2023 | |
| Logistics | Germany | 2025 | |
| Industrials | Denmark | 2024 | |
| Energy | Germany | 2025 | |
| Industrials | Sweden | 2023 | |
| Deep Tech | Sweden | 2023 |
Denmark· Entry 2024Denmark· Entry 2022Germany· Entry 2024Norway· Entry 2025UK· Entry 2023Spain· Entry 2023Germany· Entry 2026Sweden· Entry 2023Germany· Entry 2022Sweden· Entry 2023Germany· Entry 2025Denmark· Entry 2024Germany· Entry 2025Sweden· Entry 2023Sweden· Entry 2023Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Energy | Sweden | 2023 | 2026 | Trade Sale | – |
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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. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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