# Cleantech investors in the Nordics (2026 list)

> 86 cleantech investors in the Nordics, 87% active in the last 12 months. Led by Techstars, General Catalyst, Accel. Ranked by what they funded.

Source: https://millionrounds.com/lists/cleantech-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Cleantech investors in the Nordics

Updated 7 November 2026

Firms observed backing a cleantech company in the Nordics in the last two years, wherever the firm is based.

[See all 86 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcleantech-investors-in-nordics)The top 25

**86** investors on the list *+5* this week

**1,919** cheques in 12 months *-21%* against the market

**$10M** median round they joined *+25%* against the market median

**87%** wrote a cheque in 12 months

**58%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen
- 2 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen
- 3 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 4 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen
- 5 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 6 [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) *Deploying now* VC firm · United States **526** **$4.1M** median round **Sept 2026** last seen
- 7 [EISMEA](https://millionrounds.com/fund/eismea) *Deploying now* Investment firm **524** **$2.2M** median round **Sept 2026** last seen
- 8 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen
- 9 [Temasek Holdings](https://millionrounds.com/fund/temasek) *Deploying now* VC firm · Singapore **384** **$100M** median round **Oct 2026** last seen
- 10 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen
- 11 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen
- 12 [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) *Deploying now* VC firm · United States **305** **$7.5M** median round **Oct 2026** last seen
- 13 [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) *Deploying now* VC firm · United States **264** **$3M** median round **Sept 2026** last seen
- 14 [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) *Deploying now* VC firm · France **256** **$17M** median round **Oct 2026** last seen
- 15 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen
- 16 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **198** **$64M** median round **Nov 2026** last seen
- 17 [Ring Capital](https://millionrounds.com/fund/ring) *Deploying now* VC firm · France **193** **$5.9M** median round **Oct 2026** last seen
- 18 [RTP Global](https://millionrounds.com/fund/rtp-global) *Deploying now* VC firm · United States **183** **$10M** median round **Sept 2026** last seen
- 19 [European Commission](https://millionrounds.com/fund/european-commission) *Deploying now* VC firm · Belgium **160** **$2.8M** median round **Sept 2026** last seen
- 20 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen
- 21 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen
- 22 [Industrifonden](https://millionrounds.com/fund/industrifonden) *Deploying now* VC firm · Sweden **140** **$5.8M** median round **Oct 2026** last seen
- 23 [Rockstart](https://millionrounds.com/fund/rockstart) *Deploying now* Accelerator · Netherlands **131** **$1.2M** median round **Sept 2026** last seen
- 24 [CIBC](https://millionrounds.com/fund/cibc) *Deploying now* VC firm · Canada **117** **$26M** median round **Oct 2026** last seen
- 25 [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) *Deploying now* VC firm · Netherlands **115** **$3.8M** median round **Jul 2026** last seen

**61 more on this list**

All 86 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcleantech-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures)
- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)
- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars)
- **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)

## Stages This Year

1,660 rounds

- Venture **21%**
- Seed **17%**
- Series A **15%**
- Debt **7%**
- Series B **7%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **526**
- Biotech **144**
- Healthcare **134**
- Energy **108**
- Fintech **81**
- Big Data & Analytics **59**

## Cheques by Quarter

Led Joined

647 Q1 25

639 Q2 25

641 Q3 25

652 Q4 25

625 Q1 26

552 Q2 26

423 Q3 26

101 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in climate and energy

- Taming the Sun: Innovations to Harness Solar Energy and Power the Planet Varun Sivaram · 2018 4.06 from 510 ratings on Goodreads Climate and energy Innovation About the book How solar could spark a clean-energy transition through transformative innovation--creative financing, revolutionary technologies, and flexible energy systems. Solar energy, once a niche application for a limited market, has become the cheapest and fastest-growing power… On AmazonListen on Audible
- Race for Tomorrow: Survival, Innovation and Profit on the Front Lines of the Climate Crisis Simon Mundy · 2022 4.22 from 207 ratings on Goodreads Climate and energy Innovation Company building About the book In this extraordinary journey through twenty-six countries, Simon Mundy meets the people on the front lines of the climate crisis, showing how the struggle to respond is already reshaping the modern world – shattering communities, shaking up global business, and propelling a… On AmazonListen on Audible
- The Elements of Power: Gadgets, Guns, and the Struggle for a Sustainable Future in the Rare Metal Age David S. Abraham · 2015 4.06 from 264 ratings on Goodreads Climate and energy Company building About the book Our future hinges on a set of rare metals that few of us have even heard of. In this eye-opening book, a natural resource strategist reveals the critical importance of these transformative elements to our technological lifestyle and the consequences of our reliance upon them,… On AmazonListen on Audible
- Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies Geoffrey B. West · 2017 4.11 from 5,764 ratings on Goodreads Climate and energy Company building Innovation About the book The former head of the Sante Fe Institute, visionary physicist Geoffrey West is a pioneer in the field of complexity science, the science of emergent systems and networks. The term “complexity” can be misleading, however, because what makes West’s discoveries so beautiful is… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=climate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about cleantech investors in the Nordics

### Who are the most active cleantech investors in the Nordics?

By cheques observed, the most active are Techstars, General Catalyst, Accel, MassChallenge and EIC Accelerator.

### How many cleantech investors in the Nordics are there?

86 are on record. 87% made an investment in the last 12 months and 58% have led a round.

### Which stages do cleantech investors in the Nordics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Series A (21%).

### How big are the rounds cleantech investors in the Nordics join?

The typical (median) round among the leading investors here is $4.3M.

### Which sectors do cleantech investors in the Nordics back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which cleantech investors in the Nordics lead the most rounds?

Accel (103 led), General Catalyst (97 led) and Temasek Holdings (19 led).

### Where are cleantech investors in the Nordics based?

Among the most active, most are based in the United States (9), Canada (2) and Sweden (2).

### What have cleantech investors in the Nordics invested in recently?

Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Thinking Machines Lab (Other, Nov 2026, with Accel) and Soter Insure (Series B, Nov 2026, with Franklin Templeton).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)