SEB Greentech is a unit within SEB that invests venture capital in green technology, a sector that is undergoing rapid development and will play a key role in the transition to a more sustainable society. The unit initially focuses on Nordic companies developing solutions that in a decisive way can improve the use of natural resources and reduce negative ecological impacts, for example in areas such as renewable energy, energy storage, water and agricultural technology, circular business models and waste management. The companies should ideally be in a phase with repetitive orders from key customers and a stellar team that is ready to scale their business.
SEB Greentech was created by SEB in 2020 to help address a shortage of venture capital in the sector that stems from the fact that investments in new, green technology often take a longer time to develop and mature than traditional venture-capital investments, making it harder to attract capital. The unit is headed by Markus Hökfelt.
Investments so far include EnginZyme, which has developed a technology for sustainable, biological chemical production, C-Green Technology, that turns wet-bio sludge from various waste streams into a circular bio-coal, CorPower Ocean, a global leader in wave energy technology and ClimateView, a Swedish company that has developed a dynamic planning and visualisation tool that helps cities and municipalities reduce their carbon footprint in accordance with global climate targets.