The Footprint Firm Closes €76 Million First Fund to Back Northern Europe Climate Deep Tech

The Footprint Firm has reached a final close of its debut venture capital vehicle, Footprint Fund I, securing €76 million to invest in pre-seed and seed-stage climate deep-tech and early scale-up companies across Northern Europe. The fund marks a significant step in the firm’s ambition to build a specialised early-stage platform focused on science-led climate solutions.

 

Backing from Institutional and Foundation Investors

 

The fund was raised with support from a consortium of institutional and foundation-backed investors, including North-East Family Office, EIFO, Realdania, Chr. Augustinus Fabrikker, TryghedsGruppen, Lauritzen Fonden, Nordea-fonden, Novo Holdings, and Velliv Foreningen, alongside additional private backers.

The Footprint Firm described the close as a validation of growing investor appetite for early-stage climate technologies rooted in strong scientific foundations and capable of scaling under increasingly complex regulatory and market conditions.

 

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A Platform Model, Not a Standalone Fund

 

Rather than positioning Footprint Fund I as a single venture vehicle, The Footprint Firm framed it as part of a broader operating platform. The firm is supported by a team of approximately 45 professionals working across climate-focused venture investing and strategic advisory for corporates and later-stage investors.

According to the firm, this integrated model is designed to give portfolio companies more than capital. By combining sustainability expertise, sector knowledge, and execution support, The Footprint Firm aims to help founders navigate technical validation, commercialization hurdles, and evolving climate regulation, which are becoming defining challenges for early-stage climate startups.

 

Early Deployment Across Key Climate Sectors

 

Footprint Fund I has already deployed capital into 20 companies spanning a wide range of climate and sustainability domains. These include energy systems, bio-based solutions, AI-enabled climate technologies, circular manufacturing, the built environment, carbon removal, and food systems.

Current investments include a:gain (again), Agrain by Circular Food Technology, Catalysta, CELLUGY®, Dynelectro, ENERIN AS, FoodOp, GreenShift.app, Kvasir Technologies, NobodyWho, Nordic Salt Cycle, Octarine Bio, PerPlant, Reel, Rock Flour Company, SemperCycle, Super6 Limited, Søuld, TetraxAI, and others. The portfolio reflects a focus on technologies that combine measurable environmental impact with pathways to commercial scalability.

 

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Scaling Early-Stage Climate Capital in Northern Europe

 

With the first fund now closed, The Footprint Firm signalled its intention to continue expanding its early-stage climate investment activity. Northern Europe remains a core geographic focus, reflecting the region’s strong research base, policy support for climate innovation, and growing pipeline of science-driven startups.

The close of Footprint Fund I comes as climate deep tech increasingly attracts attention from institutional capital, particularly at the early stages where funding gaps remain acute. By targeting pre-seed and seed investments with hands-on support, The Footprint Firm is positioning itself to play a sustained role in shaping the next generation of climate solutions emerging from the region.