2C Ventures

2C Ventures is a Tallinn-based venture capital firm specializing in cleantech investments across the Nordics and Baltics. Established in 2023, the firm focuses on early-stage companies developing innovative technologies aimed at addressing environmental challenges. Their investment areas include renewable energy, waste reduction, water management, circular economy, and other clean technologies. The firm aims to support startups in Estonia and the wider Baltic Sea region, helping to accelerate new business models and technological innovation.

The firm's investment strategy involves providing initial investments ranging from €250,000 to €1 million, depending on the company's development stage. 2C Ventures has been actively involved in several funding rounds, including leading a €1 million pre-seed round for GaltTec, an Estonian deep-tech startup developing micro-tubular solid oxide fuel cells for portable and off-grid energy solutions. They also led a €1 million investment round for TheStorage, a Finnish cleantech startup focusing on energy storage technology for industrial heat generation. Additionally, 2C Ventures invested €1 million in Renewcast, an Italian AI startup specializing in renewable energy forecasting, particularly for wind energy generation.

The firm's leadership comprises experienced professionals with backgrounds in technology, energy, and finance. Hendrik Reimand, a founding partner, has a history in investment and finance, including roles at Livonia Partners and Katana Technologies. Other partners include Herty Tammo, founder of Startup Wise Guys; Taavi Veskimägi, former Minister of Finance and CEO of Elering; and Martin Koppel, an active angel investor and former CEO of Fortumo. Their combined expertise positions 2C Ventures as a significant player in the cleantech venture capital landscape in the Baltic and Nordic regions.

2C Ventures is committed to addressing climate change and enhancing the availability of capital for cleantech companies. By focusing on early-stage investments, they aim to foster the growth of sustainable technologies that contribute to a climate-neutral economy. Their portfolio reflects a diverse range of sectors within the cleantech industry, demonstrating a broad approach to supporting environmental innovation.