Nordic Alpha Partners
Nordic Alpha Partners is a Copenhagen-based industrial greentech growth-equity firm founded in 2017 that scales Series B and later-stage hardware companies driving Europe's green re-industrialization across energy transition, industrial decarbonisation, agriculture, water and circular economy. It pairs capital with a large in-house value-creation team, has raised about EUR 400m across two funds, and runs a second office in Munich.
Key facts
Recent exits
Coverage notes
2 funds tracked, 15 portfolio companies (9 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
15 companiesFunds & portfolio
Every fund Nordic Alpha Partners has raised, with its portfolio companies. Hand-checked from public filings.
Nordic Alpha Partners Fund IIGrowth2023 · 3yr€266M6 active · 1 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials |  Germany | 2026 | |
| ClimateTech |  Sweden | 2023 | |
| Energy |  Denmark | 2026 | |
| Construction | Denmark | 2025 | |
| ClimateTech | Germany | 2023 | |
| ClimateTech | Germany | 2025 |
Germany· Entry 2026Sweden· Entry 2023Denmark· Entry 2026Denmark· Entry 2025Germany· Entry 2023Germany· Entry 2025Nordic Alpha Partners Fund IGrowthHarvesting2017 · 9yr€126M3 active · 5 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ClimateTech | Denmark | 2021 | |
| Industrials | Germany | 2020 | |
| Consumer | Denmark | 2021 |
Denmark· Entry 2021Germany· Entry 2020Denmark· Entry 2021Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| AgTech | Denmark | 2020 | 2026 | – | – | – | |
| Energy | Denmark | 2019 | 2021 | IPO | – | – | |
| ClimateTech | Denmark | 2019 | 2025 | Secondary | – | ||
| Mobility | Denmark | 2021 | 2024 | Trade Sale | – | ||
| Mobility | Germany | 2019 | 2023 | Trade Sale | – |
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About Nordic Alpha Partners
Nordic Alpha Partners is a Danish climate-tech growth equity firm with €400 million of assets under management across two funds (NAP Fund II at €266 million / DKK 2 billion closed June 2024, exceeding target and more than doubling Fund I), headquartered in Hellerup, Copenhagen. The firm was founded in 2017 as an independent industrial greentech specialist focused on pioneering hardware-tech companies in scaling phase. Nordic Alpha Partners remains a partner-owned independent firm.
Investment thesis
Nordic Alpha Partners deploys capital through two flagship funds (NAP Fund I and NAP Fund II) targeting industrial greentech growth equity in pioneering hardware-tech companies that have reached the scaling phase. Sector focus spans energy efficiency and inverter technology, sustainable manufacturing, climate and dehumidification tech, agricultural technology, water technology and additive manufacturing, with geographic deployment across Northern and Central Europe (Nordics core plus DACH expansion). The firm's proprietary Economic Sustainability operational toolkit balances capital efficiency against CO2 impact, with cumulative portfolio impact of 1.96 million tonnes of GHG emissions avoided since inception.
Recent activity
Recent realised exits include solar and rooftop solar (Sunroof, 2025) and agricultural robotics (Agrointelli, 2026). Recent acquisitions include battery storage (STABL), climate control (Airwatergreen), industrial heat (Variolytics) and plastics recycling (DyeMansion). The platform continues active deployment of Fund II across the industrial greentech thesis. Detailed buyer names and multiple data available on Pro at €29/month.
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