What we stand for

Team

We back founders with strong values, clear vision, and the ability to execute. We look for multidisciplinary teams who understand the challenge, care about the outcome, and are ready to build.

Problem

We focus on real, systemic problems in the built environment. From carbon and circularity to indoor air, energy, and materials, we invest where the need is urgent, the impact is tangible, and the market opportunity is clear.

Innovation

We look for solutions with technical depth and commercial potential. We support innovation that can scale in complex, physical, and regulated industries.

Planetary Impact
Planet, people, and profit in that order. Sustainability is not a theme we add on top, it is the foundation of everything we do. Every company we support must create measurable, lasting impact.

Our investment approach

Stage:
Backing ideas, R2B, pre-seed and seed with follow on until A-round

Initial Ticket Size:
€100,000–€500,000

Focus:
Leading deals in Nordics and Baltics, co-invest Europe wide

Our Thesis

How We Support Founders:

  • Access to deep industry expertise.
  • Hands-on support at the earliest stages

We focus on:

 

  • Circular and sustainable materials
  • Hardware and Software solutions for construction and operations
  • Healthier, smarter, and more resilient spaces

About Kiilto

Founded in 1919, family-owned and headquartered in Finland. Chemical manufacturing company for: 

  • Construction
  • Industrial adhesives and fireproofing
  • Professional hygiene
  • Consumer goods
 

Operates across the Nordics, Baltics, and parts of Eastern Europe.

Committed to creating sustainable innovations for a cleaner, healthier, and more efficient future.

Read more about Kiilto

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Nobody Engineering

Founders: Ville Ilkkala, Iridian Kiiskinen, Kari Ilkkala

CEO: Ville Ilkkala

Founding year: 2018

Invested: 2024

Description: Nobody Engineering offers a patent-pending IoT device combined with software robotics to connect outdated building automation systems to modern digital services. This plug-and-play solution allows for real-time data collection and control, extending the life of existing HVAC and control systems. It eliminates the need for costly upgrades, enabling scalable deployment of digital solutions across diverse building types.

Impact: Nobody Engineering’s solution connects legacy Building Automation Systems (BAS) to smart services enabling energy and CO2e savings through optimization. This postpones the need for costly BAS upgrades / renovating of building till later.

Website: nobodyengineering.com

Kvist Solutions

Founders: Fabian Utigard, Mathias Engevik, Mathias Picker, Thomas Rankin, Henrik Udnes 

CEO: Fabian Utigard

Founding year: 2022

Invested: 2024

Description: Kvist Solutions’ software helps real estate and construction companies simplify and streamline green building certifications (e.g. BREEAM and LEED) and sustainability reporting (e.g. Taxonomy, CSRD, internal sustainability management).

Impact: Kvist helps accelerate the construction industry’s transition to sustainability by enabling easier and automated compliance with certificates, EU Taxonomy, CSRD and internal sustainability management, promoting more efficient resource use and lower environmental footprint of buildings.

Website:
kvistsolutions.com

Matti Rönkkö

Experience & background

  • +15 years of startup and scaleup experience across different roles across multiple countries and continents
  • Previous experience from eg. Rocket Internet and as CEO of Nosto Solutions
  • Seen the ups and downs of the startup world


Focus area

  • Managing Director
  • Keep building an amazing team who can best support our portfolio companies in developing as well as find the future world class founders & teams
  • Help our portfolio founders and companies grow
  • Deliver value to our portfolio founders, our mother company, owners and the whole ecosystem within the sustainable built environment