Climentum Capital

🎧Podcast Highlights: Malin’s expert advice for Hard Tech founders In her recent discussion with David Hunt in the latest Leaders in Cleantech #podcast, Malin Carlstrom dives deep into the essentials of fundraising and cap table management for hard tech and deep tech entrepreneurs. Here are some pivotal lessons: 🔹 Cap Table Management: Use a simple Excel model to project ownership changes through different financing stages. Remember, your investors are permanent partners, so choose wisely. 🔹 Investor Relations and Compatibility: Get to know potential investors over time and don’t just rely decisions on big brand names. Choose investors who understand the long-term nature of hard tech development and have the bandwidth to support you through challenges. 🔹 Soft Funding: Incorporate soft funding strategies early on. This non-dilutive capital can enhance your credibility and lead to larger funding opportunities. Malin emphasizes the importance of surrounding yourself with supportive, aligned individuals—whether they're investors, board members, or advisors—to navigate complex startup scaling effectively. To know more about IP protection, ideal Board member qualities and more tune in to the full episode! #Fundraising #StartupSuccess #InvestorInsights #Entrepreneurship #Podcast Doerte Hirschberg Stefan Maard Morten Halborg Link: https://lnkd.in/dq2rK7p6

🌟From Idea to Action: Discover the Journey of Climentum Capital At Climentum Capital, we're more than just an Article 9 fund. We're a high-energy, dynamic team with the right mix of skills investing in early-stage European climate tech companies that solve critical sustainability problems for industries. From our offices in Copenhagen, Berlin, and Stockholm, we provide catalytic capital to companies in late Seed and Series A rounds, enabling them to pass key inflection points and scale rapidly. Our journey started with a bold vision at Oxford University and has grown into a powerful mission to decarbonize industries. Through our unique dual carry structure, we align financial performance with significant greenhouse gas emissions reductions, targeting a fixed portfolio-level impact of 1 MtCO2e. We believe in the power of hard tech to drive meaningful change. From innovative electrodes at Jolt - Activated Electrodes for Electrolysis to sustainable protein at Entocycle, we're already funding pioneers that are transforming their industries. Our support goes beyond financial investment. We guide our portfolio companies on their startup journeys, from constructing complex funding rounds to providing industrial scaling and impact assessment expertise. Head to the blog (link in comments) to dive into our journey, meet the team behind the mission, and discover how we're making a tangible impact through our unique dual carry structure If you're a hard tech founder tackling tough challenges, we'd love to hear your story! Connect with us and share your journey through our website. Malin Carlstrom Doerte Hirschberg Morten Halborg Stefan Maard #HardTech #Article9 #ClimateTech #Decarbonization

💧Pure Genius: WAYOUT's Revolutionary Approach to Clean Water Solutions Wayout's innovative plug-and-play systems transform any water source, including saltwater, into high-quality drinking water. Each system can replace over 10 million bottles annually, saving 1,500 tons of CO2 compared to conventional water production methods. Many large plastic bottle manufacturers are tied to unsustainable technologies and processes. Ulf Stenerhag, founder of Wayout, says “Our water systems offer them a way out: We enable them to stay within their industry and evolve to suit the demands of the future. We help these industries transition to a sustainable business model.” By eliminating the need for single-use plastic bottles and reducing long-distance water transportation, Wayout significantly lowers the carbon footprint of the water industry. From refugee camps to urban communities, Wayout provides clean drinking water to those in need, combating the harmful effects of microplastics and PFAS on human health. They are scaling and on their way to serve the 2 billion people that lack access to safe drinking water and combat the 12.7 million metric tons of single-use plastic that pollute our rivers and oceans annually. Please head to the interview (link is in the comment) with Ulf to discover more about their revolutionary water purification systems and the future of Wayout. Spread the word with fellow climate and water enthusiasts to support Wayout on their journey as paradigm shifters. Jesper Kilander Malin Carlstrom Morten Halborg Stefan Maard Doerte Hirschberg  #Sustainability #CleanWater #Innovation #GreenTech #Wayout

🌍🚀 We are thrilled to announce our investment into ecoLocked to support the decarbonization of the construction industry. We are proud to have led the €4M funding round together with Matterwave Ventures, and delighted to have existing investors Counteract, Startup Family Office, Sabancı Building Solutions, and VOYAGERS.io joining the round. The investment will support ecoLocked’s mission to revolutionize the construction industry with carbon-negative building materials. Congratulations to the founders Stefanie Gerhart, Dr. Mario Schmitt and Micheil Gordon and the rest of the great team. Concrete production accounts for 8% of global CO2 emissions, making innovations in this field crucial for achieving net-zero goals. ecoLocked is leading the change by converting carbon captured from biomass into functional, carbon-negative building materials. This funding will accelerate ecolocked's efforts to turn buildings into carbon sinks, scaling their innovative biochar-based solutions and enabling 1Gt carbon removal by 2040. 1.5° Ventures, Alliance for Low-Carbon Cement & Concrete, better ventures, Tech for Net Zero Andy Bonsall, Christian Olshausen, David Rowan, Doerte Hirschberg, Ahmet Hamdi Hafizoglu, Ines Kolmsee, Jeffrey Katzenberg, Dr. Julian Weisbrod, Lorenzo De Angeli, Martin Mittermeier, Martin Unger, Tobias Lechtenfeld, Malin Carlstrom, Stefan Maard, Morten Halborg, Lorenzo De Angeli ➡️ Link to Press Release in the comments! #FundingAnnouncement #Sustainability #ClimateTech #ConstructionInnovation #CarbonRemoval #ecoLocked

🚀 How to make your Hard Tech shine even in times of uncertainty: Dörte’s Insights The potential in hard tech startups is immense, but success requires a unique approach compared to software businesses. In her recent blog, crafted in partnership with EU-Startups, Dörte shares her insights on how startups can demonstrate resilience amidst macroeconomic and scaling challenges. 🔄 Partnerships Are Key -> Scaling hard tech solutions needs substantial operational capacity and skill to navigate regulatory hurdles which can be achieved through partnerships with established companies. -> Strategic suppliers and offtakers help reduce risks and accelerating market entry. 💰 Closing the Financial Gap -> Hard tech requires diverse financial models combining equity, debt, and grants. -> A skilled CFO is crucial for navigating complex financial landscapes, securing resources, and extending the financial runway. 🌍 Real Solutions, Real Impact -> Focus on delivering significant solutions to clear, present problems in existing industries. -> Thriving companies improve traditional methods, addressing sustainability challenges head-on. ⚙️ Operational Excellence -> Hard tech needs experienced industry operators to scale physical assets. -> Prioritize hiring a strong COO or Head of Operations to lead scaling, supply chain management, and market penetration. By focusing on real solutions, scalability, and strategic partnerships, hard tech ventures can navigate the inflexion point and unlock their full potential. #HardTech #Startups #VentureCapital #Innovation #Partnerships #FinancialStrategy Doerte Hirschberg Malin Carlstrom Stefan Maard Morten Halborg

With a successful raise of a 5 MEUR round, we welcome Matterwave Ventures to the cap table and board of directors in ZeroPoint Technologies! As AI and other high-perfomance computing is expanding, the need for more perfomance output for every watt input is seeing an exponential development. Addressing this from a memory compression standpoint, the proven technology of ZeroPoint Technologies effectuates a 25% reduction in cost of ownership for datacenter players via a massive decrease for electricity need - and hence CO2 emissions. Looking forward to the continued journey ahead, we are just getting started 🌿 Climentum Capital Matterwave Ventures Industrifonden, Chalmers Ventures, Klas Moreau Angelos Arelakis https://lnkd.in/d39xvpMT

🤝 Team Climentum is preparing for an exhilarating month filled with opportunities for knowledge exchange, networking, and inspiration. Over the next weeks, Team Climentum will be participating in various conferences across in Germany, Denmark and Sweden: 🇩🇪 Deep Tech Momentum (Berlin) 🇩🇪 Cashwalk Event (Berlin), meet Doerte in the Jury 🇩🇪 Super Venture and Super Climate (Berlin) 🇩🇪 Hydroverse convention by H2UB (Essen), meet Doerte in the Jury and  🇩🇪 Growth Alliance | AgriFood Networking Summit (Frankfurt) 🇩🇰 Danish Impact Meetup (Copenhagen) 🇩🇰 European Wind Blade Recycling Summit (Copenhagen) 🇸🇪 Sting Demo Day (Stockholm) 🇸🇪 Nordic Scale Up (Stockholm) We're on a mission to connect with passionate founders and investors shaping the future in hard-to-abate sectors. Want to meet us in person? Please reach out via LinkedIn! #FOAK #HardTech #ClimateTech Stefan Maard Morten Halborg Doerte Hirschberg Malin Carlstrom

🚀 Green Hydrogen Revolution: Joltech Solutions unveils groundbreaking factory! In our latest visit to Barcelona, the Climentum team attended the grand opening of Jolt - Activated Electrodes for Electrolysis’ cutting-edge factory. This first-of-its-kind 4 GW clean energy factory signifies a major leap forward, positioning Joltech Solutions as a leader in the green hydrogen industry. The factory will primarily produce activated electrodes for electrolyzers and fuel cells, employing a patented catalytic coating technology developed by the brilliant minds at the Institute Catalá d’Investigació Química (ICIQ). By revolutionizing electrode technology, Joltech Solutions has not only drastically lowered costs but also significantly enhanced energy efficiency, addressing a key challenge in scaling green hydrogen production. This technological breakthrough is crucial for reducing the Levelized Cost of Production of hydrogen, setting the stage for the green hydrogen sector's growth for decades to come. Joltech Solutions is offering a lifeline to the clean energy industry with its innovative, cost-effective, and efficient solution. We are fully confident that Joltech Solutions are on a steady path towards becoming an industry benchmark within the coming years. #Electrodes #GreenHydrogen #CleanEnergy #SustainableTech #Innovation Doerte Hirschberg Morten Halborg Malin Carlstrom Stefan Maard

🌟 Meet Malin: Backing founders in the unforgiving climate hard tech space Investing heavily in hardware and navigating the complexities of hard tech is no easy task. At Climentum Capital, Malin Carlstrom understands the importance of having a deep-rooted interest and understanding of the markets in which portfolio companies operate. Without proactive interference by European investors, the continent’s innovative climate tech industry risks decline, leading to lost economic opportunities and crucial climate solutions. Malin's extensive education and nearly two decades of industry experience of investing in a diverse range of startups across various fund formats have equipped her to assess the changing landscape adeptly and back the right founders; realizing five exits, including one at a 15x multiple! Her expertise doesn't stop at investment; Malin possesses a profound understanding of board dynamics and the intricacies of company growth. This enables her to provide valuable support to our portfolio companies, standing by them through their journey. Head to our recent blog to learn more about Malin’s entry into the Climate world, her rise to winning GCV Rising Stars Award 2021 and more. If you are tackling hard-to-abate emissions and are seeking a knowledgeable investor with board expertise, reach out to Malin. #BoardExpertise #FemaleGP #Diversity_in_VC #Exits Doerte Hirschberg, Morten Halborg, Stefan Maard, Fredrik Rosenqvist, Ulf Stenerhag, Klas Moreau, Erik Odén, John Ahlberg #BoardExpertise #FemaleGP #Diversity_in_VC #Exits

🎉Climentum Capital invests in Rodinia Generation: Blueprint for a Greener Fashion Industry 🧥 Garment manufacturing is a notoriously dirty business. Large-scale & low-tech dyeing and printing operations in emerging markets are highly polluting and consume large amounts of water & energy - while incentivizing massive overproduction to keep unit costs low and ensure sufficient stock given the long production timelines. Rodinia addresses this challenge head-on with their innovative microfactory setup. Combining the latest digital printing technology with other automation machinery and an integrated software solution, Rodinia’s system produces garments in an environmentally friendly, high-tech, and high-speed manner that allows for cost-competitive production with lower volumes, close to the customers. This not only results in garments with a ~40% lower carbon footprint (and no other pollution effects), but also in a huge reduction of overproduction and the associated impacts of that waste.    Taking it a step further, Rodinia’s high-speed model enables some customers to only produce garments after they are ordered. As the founder & CEO Trine Young says: “It should be possible only to make clothes when they are actually bought, without having to transport them from one end of the planet to the other while causing all sorts of damage to people and the environment along the way”. Given the capabilities of the Rodinia microfactory, several large brands are beginning to explore use of the model to satisfy the increasing demand for smaller-scale and time-sensitive product launches, e.g. around sporting events and influencer collaborations. This serves as a great starting point to expand into product testing, replenishment, high-value segments, and eventually into more and more of the core production. While Rodinia’s value proposition is already strong for various large use cases, policy proposals at EU and national levels could bring strong tailwinds. Rodinia is well positioned to benefit from the EU strategy for sustainable and circular textiles (incl. a focus on overproduction) and France’s lower house recently voted to levy a surcharge on overproduction in fashion. With our mission to foster a more sustainable, low-carbon, local and circular industry in Europe, Rodinia is perfectly suited for the Climentum portfolio. We are delighted to be investing alongside Export and Investment Fund of Denmark in this €3 million funding round and look forward to realizing the promise of sustainable fashion! Thanks to Børsen for bringing this story! Trine Y. Lau Malthe Borch Morten Halborg Doerte Hirschberg Malin Carlstrom Rünno Allikivi Sara Færch Hansen #SustainableFashion #ClimateTech https://lnkd.in/d6N4spc5