Investors include Polish family offices, the Polish Development Fund, the European Investment Fund, and the EBRD.
The fund is backed by Aarhus University Research Foundation, HEARTLAND, Norlys, and Salling Group.
Elina Halatcheva from BrightCap Ventures told Vestbee about the fund’s strategy and investment approach.
The fresh capital raise was led by Nysnø Climate Investments, with participation from Aker Capital ASA, Blystad Group, and Praesidium Agri-Food Tech.
The £8 million Series B extension round was supported by Autotech Ventures, Global Suzuki Ventures, Porsche Ventures, JLR’s InMotion Ventures, and Shell Ventures.
Investors include Polish family offices, the Polish Development Fund, the European Investment Fund, and the EBRD.