Firms

Climentum Capital

Climentum Capital

Climentum Capital is a European venture capital firm investing in early-stage B2B climate hard tech. It leads Seed and Series A investments in hardware and deep-tech businesses that improve energy security, industrial efficiency and supply-chain resilience, with a focus on the Nordic and German-speaking markets. Its portfolio includes industrial heat pumps, nuclear fusion and small-modular-reactor development, farm robotics, data-center efficiency, electrolysis and circular materials. The firm combines financial diligence with climate-impact assessment and helps companies scale their technology and commercial operations. Its Article 9 strategy uses a dual-carry model tied to financial performance and verified emissions reductions. The legal investment manager is Climentum Capital Management ApS, Danish registration 42573388; its funds are separately constituted limited partnerships.

Founded
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Type
Venture capital

Funds1

  • Climentum Capital Fund II K/S€60M

    Climentum’s second main fund reached a EUR60 million first close publicly announced July3,2026, toward a EUR100 million target. It invests in European Seed and Series A climate hard-tech companies, especially hardware serving energy, industry, transport and agriculture. Its Danish limited-partnership legal name and registration45449025 are confirmed by the manager’s KID. This is first-close committed capital, not a final-close claim or the target size.

Team

Operations and support

Claudius BleicherJunior Analyst
Dörte HirschbergGeneral Partner
Jennifer DungsGeneral Partner
Jonas NeyerJunior Analyst
Malin CarlströmCo-founder / Partner (historical; deceased in 2025)
Morten HalborgGeneral Partner
Stefan MårdGeneral Partner

Co-investing

Azolla Ventures
  • EQONNOK 60M · 2026-04-17
GAIN Venture Capital
  • EQONNOK 60M · 2026-04-17
Wilstar Innovate
  • EQONNOK 60M · 2026-04-17

Investments