Nordic Alpha Partners
Copenhagen, DenmarkNordic 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.
Nordic Alpha Partners is a Copenhagen growth equity firm with 9 active companies and 6 exits.
- ·6 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 6 realized deals: 4 years.
- ·Top sector focus: ClimateTech (53% of portfolio).
- ·Fund cadence: ~6Y between vintages · last raise 2023.
Sector breakdown
15 companiesGeography breakdown
3 geographiesKey facts
Recent exits
Nordic Alpha Partners exited Agrointelli in 2026 after 6 years.
Nordic Alpha Partners sold Re-Match to Verdane in 2025 after 6 years.
Nordic Alpha Partners exited Sunroof in 2024 after 1 year.
Nordic Alpha Partners sold Spirii to Edenred in 2024 after 3 years.
Coverage notes
2 funds tracked, 15 portfolio companies (9 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Nordic Alpha Partners has raised, with its portfolio companies. Hand-checked from public filings.
Nordic Alpha Partners Fund IIGrowth2023€266M6 assets1 exitsGrowth2023 · 3yr€266M61
Unrealized
6 held| Company | Entry |
|---|---|
| Additive Drives Industrials · Germany | 2026 |
| Airwatergreen ClimateTech · Sweden | 2023 |
| Hybrid Greentech ClimateTech · Denmark | 2026 |
| MicroShade Construction · Denmark | 2025 |
| STABL Energy ClimateTech · Germany | 2023 |
| Variolytics ClimateTech · Germany | 2025 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Sunroof ClimateTech · Sweden | 2023 | 2024 | – | – | – |
Nordic Alpha Partners Fund IHarvestingGrowth2017€126M3 assets5 exitsGrowth2017 · 9yr€126M35
Unrealized
3 held| Company | Entry |
|---|---|
| AquaGreen ClimateTech · Denmark | 2021 |
| DyeMansion Industrials · Germany | 2020 |
| Mater Consumer · Denmark | 2021 |
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Agrointelli AgTech · Denmark | 2020 | 2026 | – | – | – |
| Green Hydrogen Systems ClimateTech · Denmark | 2019 | 2021 | IPO | – | – |
| Re-Match ClimateTech · Denmark | 2019 | 2025 | Secondary | Verdane | – |
| Spirii Mobility · Denmark | 2021 | 2024 | Trade Sale | Edenred | – |
| Wiferion Mobility · Germany | 2019 | 2023 | Trade Sale | Tesla | – |
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.
Frequently asked questions
- What investment strategy does Nordic Alpha Partners focus on?
- Nordic Alpha Partners focuses on Growth strategies in the private equity space.
- How many portfolio companies does Nordic Alpha Partners have?
- Nordic Alpha Partners has 9 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.
- Where is Nordic Alpha Partners headquartered?
- Nordic Alpha Partners is headquartered in Copenhagen, Denmark.
- When was Nordic Alpha Partners founded?
- Nordic Alpha Partners was founded in 2017.
- What sectors does Nordic Alpha Partners invest in?
- Nordic Alpha Partners invests across Energy, Industrials.
- What are Nordic Alpha Partners's recent exits?
- Recent realized exits by Nordic Alpha Partners include: Re-Match (2025) to Verdane; Spirii (2024) to Edenred; Wiferion (2023) to Tesla.
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