The Finnish Climate Fund
Overview
Valtion Ilmastorahasto (Finnish Climate Fund) is a Finnish state-owned special-assignment company. Its operations focus on combating climate change, boosting low-carbon industry, and promoting digitalisation. The Climate Fund invests in large-scale projects in which the fund's investment is crucial to enable the project's realisation, on a larger scale, or earlier than it would with funding from elsewhere. The fund’s task is to reduce the carbon footprint, strengthen the carbon handprint and promote innovative climate and digital solutions, with the aim of reducing greenhouse gas emissions, improving the efficiency of the use of natural resources and promoting biodiversity.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Norsepower | Jul 2025 | VC Round | Co-investor |
| Volare | May 2025 | Series A | Co-investor |
| Hycamite | Jan 2025 | Series A | Co-investor |
| Aisti | Dec 2024 | Series A | Co-investor |
| Enifer | May 2024 | Debt | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is The Finnish Climate Fund based?
The Finnish Climate Fund is headquartered in Helsinki, Uusimaa, Finland.
When was The Finnish Climate Fund founded?
The Finnish Climate Fund was founded in 2016.
How many portfolio companies does The Finnish Climate Fund have?
The Finnish Climate Fund has 17 portfolio companies in Caplight's dataset.
What are some companies in The Finnish Climate Fund's portfolio?
Recent investments visible on Caplight include Norsepower, Volare, Hycamite, Aisti, Enifer.
What was The Finnish Climate Fund's most recent investment?
The Finnish Climate Fund's most recent investment on Caplight was in Norsepower in 2025.
What sectors does The Finnish Climate Fund focus on?
The Finnish Climate Fund focuses on Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, AI, Data & Cloud Infrastructure, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Enterprise Software, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Healthcare & Life Sciences, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Mobility, Transportation & Logistics, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech.
What company stages does The Finnish Climate Fund focus on?
The Finnish Climate Fund typically invests at the MultiStage stage.
What is The Finnish Climate Fund's AUM?
The Finnish Climate Fund's assets under management are estimated between $250.0M and $500.0M.