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Greencode Ventures

EuropeNordicsDACHGBILAI/MLClimateB2B SaaSEnterpriseDeep Tech

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Investment thesis

Greencode Ventures is a specialist pan-European VC fund backing Europe's most ambitious founders building AI-driven solutions across energy, industry, and infrastructure for a smarter, greener, and more resilient future. The firm invests in the 'applied AI layer' that makes the green transition possible — from Seed through Series A — focusing on solutions that can demonstrably cut CO2 and GHG emissions within this decade. Greencode's team brings deep operational and investment experience from inside large industrial corporations (Neste, E.ON, Helen), giving it a distinctive edge in evaluating and supporting digital-first climate tech companies across the Nordics and DACH region.

Notable quotes

We focus on the 'Green Transition'. This has a large overlap with Climate Tech funds, but we are even more narrowly focused, as we are only interested in solutions that can have an impact within this decade. An IPCC report found that we are already on borrowed time. We need to cut our CO2 emissions by 48% and GHG emissions in general by 43% by the end of this decade.

Terhi Vapola · https://medium.com/mountside-ventures/vc-spotlight-with-greencode-ventures-a7fbfa4f54e5 · 2023-11-28

Greencode Ventures is thrilled to lead Lumoview's seed round with IBB Ventures and WakeUP Capital alongside, backing a transformative blend of hardware and software that addresses the urgent need for decarbonization and digitalization in the building sector.

Ines Bergmann-Nolting · https://www.greencode.vc/insights/greencode-lumoview · 2025-06-05

Having a tech solution for reporting, and automating time-consuming tasks such as tagging, enables corporates to focus their own valuable time to actions and improvements on sustainability – not just reporting. These are the reasons why we believe Sustashift has a unique position in the market.

Terhi Vapola · https://www.greencode.vc/insights/greencode-ventures-investment-in-sustashift · 2025-02-05

Recent investments

CompanyRoundSizeDate
eMablerSeries A$6m2026-06-16
GroundhawkSeed2026-03-03
CronvallSeries A$4m2025-08-06
RenowSeed2025-06-17
LumoviewSeed2025-06-05
SustashiftSeed2025-02-05
LiveEOSeries A$13m2023-06-01
SupercriticalSeries A$13m2023-06-01
repathSeed$4m2024-09-19
Southern LightsSeed$2m2024-01-01

Frequent co-investors

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