Evergreen Climate Innovations

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.

Leveraging decades of climate tech investing experience, we support early-stage entrepreneurs building transformative companies that do more with less. We back teams that are based in North America who are innovating across atoms, bits, or business models. Our initial investments range from formation capital to Series A, and we support companies as they scale.

We are pi impact. What drives us Impact and value shouldn’t be a trade-off. In fact, we believe that impact drives value. Creating measurable social, environmental and financial returns accelerates the transition to a more sustainable system. Therefore we see it as our mission to proof that the most impactful ventures are the most valuable ones. Because they will be here for the long run. What we believe in We envision a world where everyone gets a fair shot and where our economic system exists in equilibrium with the natural environment. We are conscious of what we take and we give back where we can. We believe that supporting and promoting ambitious founders with innovative solutions is a perquisite to build this futureproof world. Why partner with us? We believe in you and we believe in your idea, and therefore, we invest in you. We trust you to be in the driver seat,and we back you when you need it. To grow your business, we support you with our entrepreneurial background, our impact focused lens and our network of seasoned professionals. Our core values Partnership: As a family office, partnership is one of our core values. Our focus is on long-term relationships rather than short term gains. We don’t back out when times get though, instead we are flexible and focus on collaboration and growth. That’s what we call partnership. Entrepreneurial: As entrepreneurs, we know the drill. We have the professional experience of growing healthy businesses and the understanding of long-term risk and opportunity. We are ambitious but realistic and we ask pragmatic questions. Purpose driven: We are an impact investor. To us, that means that impact and return are equally important. We strive for measurable impact and systemic change and we are dedicated to contributing to a balanced and future proof world. Committed: What you see is what you get. Like you,we are passionate about what we do. Once invested, we are committed to growing your business long term and achieving your impact goals. PI Impact x ProDelta PI Impact is a family office belonging to the ProDelta group. ProDelta’s heritage of entrepreneurship and building partnerships forms the foundation from which we invest in impactful ventures. We have a history of over 75 years with spotting and seizing opportunities, running a diversified portfolio of companies and promoting sustainable progress. With PI Impact, we are continuing this path and apply what we’ve learned to contribute to the world of tomorrow.

We back bold founders building the next trillion dollar companies to fight climate change. Silence is designed by founders for founders. We’ve experienced the excitement of raising several rounds of capital, the relentless passion to reach thousands of customers, we have built amazing teams with hundreds of talented individuals and scaled operations at the fastest pace. We want to leverage this experience to help you succeed. How we can help? We can be as hands on as you want us to be. We trust you 100%. We will let you do your thing unless you reach out to us for help. These are the 5 areas where we can help: Fundraising: We've been on both sides of the table as founders and investors. We know what gets investors excited and can help you design the optimal fundraising process for your company. Operational excellence: Best practices - We grew from 0 to 1 million B2C users and 55k B2B users in 2.5 years. We can help you build the right processes, methodologies and systems to enable fast scalability. People and culture: We built a team of 250 people in 2.5 years. We can help you define your team structure, introduce best in class people practices and build a strong, cohesive culture. Go to market strategy: We've built and run 100+ sales and marketing teams. It is not rocket science but there are a lot of mistakes to be made. We can help you avoid making those mistakes and succeed faster. Board management: We won't sit on your board, which means that we will remain objective and can help you manage board relationships and guide board meetings towards the right outcomes. Investment Strategy Our investment strategy is based on these 10 principles: 100% focus on climate tech Global fund Early stage - seed is our sweetspot but we’ll do preseed and series A opportunistically We don't lead deals and we only invest when there is a lead on board We move very fast (aim to close the deal in 2-3 calls / same week) We work transparently - we share our investment heuristics and strategy and provide 100% honest feedback We only invest in 1% of the companies that we see We are as hands on as you want us to be Average ticket size for seed investments is $300k. This allows us to have a fast and standardized process for efficiency We require the following investor rights: pro-rata, information, co-sale and ROFR

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.

We are financial entrepreneurs. We dream big and set our sights high, doing everything in our power to turn those dreams into reality. Along the way, we inspire our partners and collaborators to dream more, to dare more and to outdo themselves. WE DON'T BELIEVE IN HALF MEASURES. We’re fully invested in a mission of capital importance. For us, excellence is intrinsic to who we are. OUR WORD IS OUR BOND We are genuine and fair partners. We respect our commitments and assume our responsibilities with honesty and transparency. Our relationships with partners and collaborators are founded on loyalty and solidarity, during times of hardship and in success. IMPACT FUND FAMILY A venture capital investment team that partners with ambitious entrepreneurs to build innovative, world-class clean technology companies. Cycle Capital manages over C$0.6 billion CA in early and growth stage funds and ensures an impact assessment of all its investments. Cycle Capital is the Founder of Cycle Momentum, the impact accelerator and innovation engine, and Cycle Central, an innovation zone. BUSINESS ACCELERATOR + INNOVATION ENGINE Accelerator and open innovation platform dedicated to clean technologies. Through its corporate programs, Cycle Momentum also promotes networking between investors and entrepreneurs to accelerate the growth of the most promising companies in the ecosystem. INNOVATION ZONE A community of partners dedicated to collaboration, innovation, and entrepreneurship in the cleantech sector. A hub where entrepreneurs, investors, researchers, and companies come together to solve the greatest ecological challenges and shape a sustainable future. The innovation zone will be deployed in the South-West and East of Montreal EVENT DEDICATED TO THE ECOSYSTEM Cycle Innovation Forum brings together entrepreneurs, investors, and industry leaders to discuss emerging technologies and opportunities and redefine the future of clean technology.