Climentum Capital
Status
ACTIVE
Global HQ
Copenhagen, Denmark
Countries of investment
- Denmark
- Sweden
- Norway
- Finland
- Germany
- Netherlands
- France
- United Kingdom
- Spain
- Italy
- Poland
- Switzerland
Investment stages
- Seed
- Series A
Industries
- ClimateTech
- Hard Tech
- Energy
- Industrial Efficiency
- Supply Chain
- Advanced Materials
- Robotics
- AgTech
- Circular Economy
- Decarbonization
About
Climentum Capital is a Copenhagen-based venture capital firm focused on backing European hard tech founders strengthening industrial resilience. Their focus spans ClimateTech, hard tech, energy, and industrial efficiency across Denmark, Sweden, Norway, Finland, Germany, Netherlands, France, United Kingdom, Spain, Italy, Poland, and Switzerland. The firm supports climate founders from seed through Series A stages.
Climentum Capital is a Copenhagen-based venture capital firm focused on backing European hard tech founders strengthening industrial resilience. Their focus spans ClimateTech, hard tech, energy, and industrial efficiency across Denmark, Sweden, Norway, Finland, Germany, Netherlands, France, United Kingdom, Spain, Italy, Poland, and Switzerland. The firm supports climate founders from seed through Series A stages.
Investment Thesis
Climentum Capital is a seed and Series A stage venture capital firm deploying capital across ClimateTech, hard tech, energy security, industrial efficiency, and supply chain sovereignty sectors. They lead seed and Series A rounds in European hard tech companies that strengthen industrial resilience and competitiveness. The firm differentiates itself through Nordic and pan-European operator networks, backing companies addressing structural challenges in energy transition, food systems, and industrial decarbonization.
Manager's Experience
Co-founded in 2020-2022 by Morten Halborg (Managing Partner, Copenhagen), Stefan Mård (Impact Partner, Copenhagen), and Dörte Hirschberg (Investment Partner, Berlin). Additional General Partners include Yoann Berno (Investment Partner, Berlin) and Malin Carlstrom (GP, Stockholm). One of the most gender-balanced VC organizations in Europe (40% female partnership). Backed by BASF Venture Capital, Vaekstfonden, Arbejdernes Landsbank, and Nordic pension funds. First fund closed at €157M in 2022, targeting €150M. Operates from offices in Copenhagen, Berlin, Stockholm, and Oslo. Structured as an Article 9 fund under EU Sustainable Finance Disclosure Regulation with dual carry model requiring both financial returns (3x fund lifetime target) and measurable CO2 emissions reduction. Fund II targeting €100M expected launch in 2026.
Team
Morten Halborg - Managing Partner & Co-founder
Stefan Mård - Impact Partner & Co-founder
Dörte Hirschberg - Investment Partner & Co-founder
Yoann Berno - Investment Partner
Malin Carlstrom - General Partner
Nathalie - Financial Strategy Partner
Jonas Neyer - Junior Analyst
Claudius - Sourcing & Screening
Jonas - Communication & Portfolio Reporting
Portfolio
Wayout
Eqon
Nature Robots
Novatron
Enerin
ecoLocked
Scale Energy
Qvantum
ZeroPoint Technologies
Rodinia Generation
Aegir Insights
Kärnfull
Jolt Electrodes