They invest primarily in Nordic cleantech companies seeking global expansion. Their preferred investment focus is on series A, B and C rounds, but they are also open to investing in more established businesses who wants to grow.

Experience

Sustainable Technologies Fund was founded in 2007. The team represents more than 60 years of combined experience in the fields of strategic sustainable development and private equity.

How much do they invest?

Their typical initial investment size is from €1 to €3 million. They seek to invest €4 to €6 million per company over the life of an investment. They prefer to take minority positions and an active board seat. They offer support through a management team with resources and skills that are required to help the business succeed.

How do they work?

They would like to spend the time to gain an understanding of what a company has to offer from a ‘cleantech’ perspective - what are the benefits to society and nature - as well as the traditional potential economic benefits. They then engage in a thorough due diligence process that involves a rigorous sustainability, market, financial, and legal analysis prior to the ultimate investment decision.

This makes a difference to them

The Team

• Relevant experience in industry sectors and in building growth companies
• The energy and drive that are needed to achieve extraordinary growth
• The network and personality needed to attract and build a successful organization
• The ability to function as “a team”, i.e. personalities and skill sets that compliment each other 
• Ability to formulate (on a napkin) and communicate (in an elevator) the company’s mission

The Technology

• Proven and scalable
• Has outstanding price/performance compared to alternatives
• Offers opportunities to continuously improve price/performance over time
• Has a clear likelihood to be the winning standard
• Makes sense from a sustainability perspective

The Market

• The market opportunity should be global, large and rapidly growing
• Customers should be easy to identify and a chosen business model should be attractive 
• Customers should be willing to try new technologies if outstanding price/performance are offered

Key People

Hans Lundgren - Investment Director
Hans joined the team in 2008. Prior to this, he has global experience from Vattenfall AB, McKinsey, and ABB. Hans holds an MSc in engineering physics from the Royal Institute of Technology in Stockholm and an MBA from the Stockholm School of Economics and Business Administration.
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Anders Frisk - Co-founder and Investment Director
Previous to co-founding Sustainable Technologies Fund, Anders has worked in and co-founded several businesses with focus on sustainability and the environment. Anders studied Business Administration at the University of Stockholm.
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Startups they funded

Tripod Energy, Triventus, Eco2energy, and Hexaformer.