Fund profile / Denmark

Climentum Capital Fund II

Geography
Denmark
Stage
Seed
Fund size
€100M
Focus
Climate & Sustainability, Deep Tech and Energy Tech
Signals
Published
Share
N°01 / About

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.

N°02 / Thesis

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
Nordics proven climate innovation hub thesiswebsite
Portfolio reflects Europe's most promising hard-tech startupswebsite
Fundamental industrial reimagining, not incremental change focuswebsite

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

23 signals on Climentum Capital Fund II

9 bullish · 2 contrarian · 5 pitch do's · 3 don'ts · 4 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€100M
Saves0
People

Key People

Morten Halborg, Dörte Hirschberg, Stefan Mård, Jennifer Dungs

Morten HalborgGeneral Partner
Dörte HirschbergGeneral Partner
Stefan MårdGeneral Partner
Jennifer DungsGeneral Partner
N°04 / See also

Related Funds

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Fund size€130M
Location
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Stage
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Focus
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Location
Denmark
Stage
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Focus
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Manager
Asger Laustsen
Seed
Deep Tech
Location
Denmark
Stage
Pre Seed
Focus
Biotech, Ai Ml, Deep Tech
Manager
Novo Nordisk Foundation
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Biotech
Ai Ml
Deep Tech