Course Corrected VC has successfully closed the first round of its second fund, raising over €63.9 million (SEK 720 million). The fund, backed by investors such as European Investment Fund (EIF), Saminvest AB, SEB Life and Pension, SEB Stiftelsen (SEB), will focus on early-stage companies in the climate technology sector. The firm plans to use this capital to scale decarbonization technologies and support the commercialization of solutions in areas like electrification, carbon capture, and energy efficiency. With a history of investing in disruptive climate startups, Course Corrected VC aims to address the global climate crisis while generating significant financial returns.
Course Corrected VC is a venture capital firm based in Stockholm, Sweden, founded in 2021. The firm focuses on investing in early-stage climate technology startups that aim to develop solutions addressing climate change. Specializing in sectors such as decarbonization, energy efficiency, and carbon capture, Course Corrected VC supports companies that are working to transform industrial processes and advance sustainable technologies. The firm’s team, which includes three experienced general partners, brings expertise in both venture capital and climate tech, aiming to facilitate the growth of startups working on impactful environmental solutions.
The Fund’s three GPs; Christine Ahlstrand, Katja Bergman and Kerstin Cooley, are all longstanding investors in the Nordic ecosystem.
“We are thrilled to have secured this significant investment from such high-caliber investors, and are immensely grateful for the confidence our investors have placed in us. As we look to scale decarbonization technologies globally, we are eager to continue supporting the next generation of climate tech leaders, with the potential to bring both outsized emissions reductions and top-tier f inancial returns ” said Christine Ahlstrand, one of the three Founders of Course Corrected VC.
The launch of Fund II follows the successful deployment of Fund I, which has backed 16 disruptive companies across the climate tech landscape, spanning electrification and energy e iciency, industrial process transformation, carbon capture utilization and storage, and more across significant market shifts.
Course Corrected VC was founded in 2021 with the mission to invest in companies developing innovative solutions to address climate change. With the successful first close of Fund II, Course Corrected VC is well-positioned to continue its mission to support the next generation of climate tech leaders. The firm is actively seeking new investment opportunities and welcomes inquiries from entrepreneurs and investors.
“The climate crisis demands urgent action, and innovation is key to achieving Europe’s ambitious climate goals,” said EIB Group Vice-President Thomas Östros. “Startups developing breakthrough technologies often struggle to secure early-stage funding. By supporting Course Corrected VC Fund II, we are helping these companies bridge the gap from research to commercialization, while strengthening Europe’s leadership in climate innovation.”
“Saminvest is proud to partner with Course Corrected VC, a team with a strong track record and a deep commitment to supporting innovative climate tech companies. We are confident in their ability to identify and nurture the next generation of climate leaders”, said Magnus Skåninger, CEO at Saminvest.
“SEB Pension och Försäkring is pleased to continue its support of Course Corrected VC. We believe the team is well-positioned to identify and support the next generation of impactful climate tech companies”, said Pontus Bergrekrans, CIO at SEB Pension och Försäkring.
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Read the orginal article: https://arcticstartup.com/course-corrected-vc-fund-ii-e66-5m/
