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Climentum Capital Fund II

Denmark
Seed
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About Climentum Capital Fund II

Copenhagen-based climate hard-tech fund reached €60M first close on Fund II targeting €100M. Backs ~20 Seed and Series A companies across Nordics and DACH. EIF committed €40M, EIFO €15M, and Danish trade union IDA made its first-ever VC investment.

Investment Focus

Location / RegionDenmark
Funding StageSeed
Industry Focus
Climate Sustainability
Deep Tech
Energy Tech

Investor Signals Profile

active

Sweet Spot

B2B hard-tech founder in Nordics/DACH with verified CO2 impact

climate hard tech
Nordics-DACH
industrial decarbonization
European resilience
SFDR Article 9

Bullish Signals

€60M first close, 60% of targetblog
EIF €40M anchor commitmentblog
Trade union IDA first-ever VC LPblog
17 Fund I investments across 7 countriesblog
Article 9 fund dual carry model tied to impactwebsite
50% reserved for follow-on investmentswebsite

Contrarian Signals

90%+ public/semi-public LP moneyblog
Hardware timelines test LP patienceblog

Founder Do's

Build B2B hard tech for highest-emitting sectors
Target Nordics or DACH markets
Quantify CO2 abatement potential rigorously
Accept €1–5M Seed/Series A check
Show European industrial resilience + decarbonization angle

Founder Don'ts

Pitch software-only climate solutions
Ignore impact measurement discipline
Build outside European markets

Key GPs & Partners

MH
Morten Halborg
General Partner
metrics-drivenpatient-capitalops-focused
DH
Dörte Hirschberg
General Partner
community-builderhands-onDACH-expert
SM
Stefan Mård
General Partner
thesis-drivenmetrics-drivenimpact-focused
JD
Jennifer Dungs
General Partner
ex-operatorthesis-drivendeep-tech

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Fund Overview

Fund Size€100M
Saves0
Website
LinkedIn

Key People

Morten Halborg, Dörte Hirschberg, Stefan Mård, Jennifer Dungs

Morten HalborgGeneral Partner
Dörte HirschbergGeneral Partner
Stefan MårdGeneral Partner
Jennifer DungsGeneral Partner

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