SNØCAP Venture Capital Fund

April 2024

SNØCAP, a newly established climate-focused venture capital fund, is initiating operations with a $5 million fund aimed at investing in innovative startups. The fund specifically targets startups that produce environmentally friendly components utilized early in the supply chain, aiming to impact sectors such as advanced materials, waste, infrastructure, food, and energy.

SNØCAP's investment strategy is centered on startups that are creating groundbreaking, eco-friendly components. These components are intended for use early in the supply chain, with the goal of making a substantial environmental impact across various sectors, including:

The founding team of SNØCAP comprises three individuals with diverse and complementary backgrounds:

SNØCAP has already identified and invested in two pioneering startups:

SNØCAP focuses on early-stage companies that have demonstrated validated technology and market demand. The fund is committed to understanding the long-term viability of these businesses, looking beyond mere scientific projects to assess commercial potential and scalability.

The $5 million fund will be deployed over a period of four years, with plans to back up to 20 startups. Investment amounts range between $100,000 and $300,000 per startup. Additionally, SNØCAP offers further support in the form of grant writing assistance, field trials, and fostering academic partnerships to help these startups succeed and grow.

Source: GeekWire