Congruent Ventures

The next-generation of European and Israeli climate-tech founders are poised to solve humanity’s most pressing challenge, but are heavily underfunded and underrepresented at Seed stage. Benefitting from unparalleled levels of engagement with the climate tech community, our platform-based model backs the pioneers building the technology that will become the infrastructure of tomorrow. Given that decades of collective actions got us into the climate mess, we leverage Energy Tech Summit, Energy Tech Challengers and Climate50 to make a collaborative effort to mobilise resources and get humanity back on track to decarbonize the economy.

Dirtyindustries is a company that invests in Cimate-tech ventures that have the potential to create an exponential impact on the planet. We specialize in pre-seed investments and are located in Stockholm, Sweden.

We are an early-stage venture capital firm investing in companies that jumpstart new industries in the emerging markets of Europe. Investment thesis Infrastructure for innovation We invest in startups that build the infrastructure for innovation and jumpstart new industries by breaking vicious cycles. The root of all evil Vicious cycles are endemic in emerging ecosystems - they are the byproduct of systemic deficiencies and make it difficult or even impossible for the emerging ecosystem to grow and develop. Example of such a vicious cycle at work in Central and Eastern Europe: the adoption of electric vehicles (EVs) is slowed down by the lack of the charging infrastructure; conversely, the charging infrastructure is not being built because of the lack of the EVs to use it. Because of their systemic origin, breaking such vicious cycles is a capital-intensive and a long-term endeavor - the kind of task a VC fund is both qualified and responsible to assume. On a high note - the root of all evil is where the promise of venture returns lies. A (technological) leap of faith Emerging ecosystems are strong enough to leapfrog existing technologies and adopt the solutions of the future. It happened in the past (see LTE adoption in Africa/India leapfrogging classical landlines) giving birth to a breed of companies that created their own markets. These startups are the backbone of the future ecosystem populated by dependent/client third parties. Opportunities A brave new world B2C - The rising billions In 2000, 6% of the world population was connected to the internet. In 2010, online adoption increased to 23% or 2 billion people connected. In 2020, more than 66% of all people will have online access. That’s an additional 3 billion people that will get access to the internet, raising the total number of connected population to 5.5 billion. B2B - The unicorn of one It is now possible to start a company valued at $1BN from your garage, with no assets and basically no employees. And this company may serve the giants of the corporate world. Fortune 500 companies already acknowledged that innovations come from small companies agile enough to disrupt industries. Today, the business development and strategy VPs turned into innovation scouters actively seeking emerging technologies and valuable teams to acquire or hire. Let’s talk money How we do it Our philosophy Our philosophy is quite straightforward: we invest at the earliest stages in companies whose founders have skin in the game, are coachable and address big markets. If the opportunity is real, we prefer to be the first institutional investor in such startups. Geography Our firm recruits regionally (in CEE) and invests locally (in Romania) to take advantage of country’s great technical talent, low labor costs, low operating costs and high-speed Internet access. Equity Because of our active engagement with our companies, we typically will take a correspondingly substantial equity ownership position (5% to 15%) in our investments and will join as a member of the company’s board of directors (Series A). Accelerator Stage At the Accelerator stage - we invest anywhere between €50,000 and €200,000 in exchange for 5% to 15% common stock. Series A At the Seed stage - our sweet spot is €500,000 but, if the opportunity is real, we can invest up to €4,500,000 in one company. Timing We are fast to say NO – won’t waste your time. Saying YES takes a bit longer: 4 to 6 weeks on average, but that depends on you too.

INCO Ventures manages or advises more than €500M of assets to invest in the most promising start-ups and companies that are shaping the new inclusive and sustainable economy, and advises funds on their investments or on impact measurement. Accelerating game-changers of social economy & sustainable development As we are facing widening inequalities and ecological collapse, we believe it is critical to build a more inclusive and more sustainable economy.​ Achieving this vision requires the creation and development of ventures that offer solutions to our current major social and environmental issues, while creating new markets and jobs for tomorrow. To fund these companies, INCO Ventures manages or advises more than €500M to meet their needs, wherever they are located. To its investors, INCO Ventures ensures a triple return on investment: economic, social and environmental, clearly measured using a unique impact assessment tool: INCO Ratings. INCO Ventures thus brings another vision of finance. A finance anchored in the real world, close to the companies that are making a difference, and creating value for all: citizens, employees, entrepreneurs and investors.

Norrsken VC is one of Europe’s leading and largest impact focused early-stage VC funds. We were born out of Norrsken Foundation – a non-profit foundation founded in 2016 by Niklas Adalberth, co-founder of Klarna, with the belief that entrepreneurs building rapidly scalable businesses are our best bet to solving the hardest and biggest problems of our time. Norrsken VC operates independently, but shares the same values and mission with the Norrsken Foundation - we want to enable the next impact unicorn – a company that has a positive effect on one billion lives. When you become part of Norrsken VC - you join Europe’s largest ecosystem for impact tech entrepreneurs. We invest in highly motivated people whose innate drive is to create a positive impact. Partnering up with us means, amongst many things, that you’ll receive support from educated and experienced people, a wide-span network, along with a community of like-minded people. We’ve built unicorns and babycorns and invested in early-stage start-ups for decades. Now we spend our time helping up-and-coming visionaries reach our unified goals to build a more sustainable now.

Over a decade supporting climate innovation Evergreen Climate Innovations, formerly Clean Energy Trust, supports entrepreneurs and startups that are bringing impactful climate technologies to market. Structured as a nonprofit, we pioneered our 501vc® Investment Fund to align philanthropic and corporate contributions to deliver environmental, economic, and social impact. Upon investing, we work actively with our portfolio companies to provide strategic guidance, mentorship, and help in achieving critical milestones and connections to funding, demonstration opportunities, and customers. Evergreen is committed to advancing climate innovation and expanding access to such innovation across the Greater Midwest. Critical early-stage climate solutions are underfunded Climate change is humanity’s greatest challenge but represents a small fraction of total venture investment and philanthropic support. Evergreen Climate Innovations addresses the capital gap that exists for early-stage climate tech companies. The Midwest is particularly underserved with only 3% of early-stage climate tech investment going to the Midwest. Our Impact Thesis We invest in startups developing innovative solutions with the potential to make outsized impacts on the climate emergency and related environmental and sustainability challenges. Moreover, these companies create jobs and drive economic development. Our 501vc® Investment Fund: a unique approach Evergreen’s 501vc® model is a seed stage investment fund capitalized with philanthropic dollars. Our fund’s revolving evergreen structure enables us to recycle our investment returns to generate compounding impact. Bringing Climate Technologies to Market Our unique model allows us to be more patient and absorb more risk than a traditional investor, helping to bridge the early-stage commercialization gap. We are hands-on investors. We work closely with our portfolio companies to identify and execute a clear, well-funded path to market. Beyond the money we invest, we provide invaluable resources and opportunities that arise from our extensive network throughout the climate tech innovation ecosystem that we have spent over a decade cultivating.