Insider Brief
- Course Corrected VC raised over SEK720 million — about $67 million U.S. — in the first close of its Fund II, with backing from top-tier investors including EIF, Saminvest, SEB Pension och Försäkring, SEB-Stiftelsen, and a Swedish Foundation.
- The fund aims to support early-stage climate tech companies, focusing on decarbonization, energy efficiency, and carbon capture.
- Building on the success of Fund I, which backed 16 climate tech firms, Fund II, Course Corrected VC looks to further impact climate innovation and emissions reduction.
PRESS RELEASE — Course Corrected VC, a leading venture capital firm focused on early-stage climate positive technology companies, is pleased to announce the successful first close of Course Corrected VC Fund II, exceeding SEK720million. The first close took place on December 27, 2024 and was supported by several prominent cornerstone investors, including Europeiska Investeringsfonden (EIF), which is part of the European Investment Bank (EIB)“, Saminvest, SEB Pension och Försäkring, SEBStiftelsen, and a Swedish Foundation.
The Fund’s three GPs; Christine Ahlstrand, Katja Bergman and Kerstin Cooley, are all longstanding investors in the Nordic ecosystem. “We are thrilled to have secured this significant investment from such high-caliber investors, and are immensely grateful for the confidence our investors have placed in us. As we look to scale decarbonization technologies globally, we are eager to continue supporting the next generation of climate tech leaders, with the potential to bring both outsized emissions reductions and top-tier financial returns ” said Christine Ahlstrand, one of the three Founders of Course Corrected VC.
The launch of Fund II follows the successful deployment of Fund I, which has backed 16 disruptive companies across the climate tech landscape, spanning electrification and energy efficiency, industrial process transformation, carbon capture utilization and storage, and more across significant market shifts.
Course Corrected VC was founded in 2021 with the mission to invest in companies developing innovative solutions to address climate change. With the successful first close of Fund II, Course Corrected VC is well-positioned to continue its mission to support the next generation of climate tech leaders. The firm is actively seeking new investment opportunities and welcomes inquiries from entrepreneurs and investors.
“The climate crisis demands urgent action, and innovation is key to achieving Europe’s ambitious climate goals,” said EIB Group Vice-President Thomas Östros. “Startups developing breakthrough technologies often struggle to secure early-stage funding. By supporting Course Corrected VC Fund II, we are helping these companies bridge the gap from research to commercialization, while strengthening Europe’s leadership in climate
innovation.”
“Saminvest is proud to partner with Course Corrected VC, a team with a strong track record
and a deep commitment to supporting innovative climate tech companies. We are
confident in their ability to identify and nurture the next generation of climate leaders”, said
Magnus Skåninger, CEO at Saminvest.
“SEB Pension och Försäkring is pleased to continue its support of Course Corrected VC. We
believe the team is well-positioned to identify and support the next generation of impactful
climate tech companies”, said Pontus Bergrekrans, CIO at SEB Pension och Försäkring.
About Course Corrected VC
Course Corrected VC is a venture capital firm focused on early-stage climate positive
technology companies in the Nordics. Founded in 2021, the firm is dedicated to supporting
entrepreneurs who are developing innovative solutions to address climate change with a
commercial approach. Based in Stockholm, Sweden, Course Corrected VC is founded by
three female GPs with long standing Venture Capital investing experience and deep
expertise in the climate tech sector.
https://cc.vc/
About EIF
The EIF is part of the European Investment Bank (EIB) Group. It supports Europe’s SMEs by
improving their access to finance through a wide range of selected financial intermediaries.
The EIF designs, promotes and implements equity and debt financing instruments targeting
SMEs. In this role, the EIF fosters EU objectives in support of entrepreneurship, growth,
innovation, research and development, the green and digital transitions and employment.
About Saminvest
Saminvest is a public venture capital company that invests indirectly and together with
private capital. By investing in new funds managed by teams with suaicient qualities and a
long-term perspective, Saminvest contributes to developing the Swedish venture capital
market. www.saminvest.s
