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Grid.vc operates as an early-stage venture capital firm dedicated to investing in new technological innovations within the energy industry. The firm manages the Grid.vc I Ky fund, focusing on pre-seed and seed stage startups, and strategically leverages its corporate partners' expertise, piloting opportunities, and potential customer access to accelerate the development and growth of its portfolio companies. This approach integrates financial investment with active support and strategic partnerships.
The firm's operations were initiated in 2019 by the Finnish utility Leppäkosken Sähkö Oy, driven by the critical need for innovation and collaboration to facilitate the energy sector's transition to a renewable and distributed future. This founding insight established Grid.vc as a vehicle for investing in and supporting nascent energy startups alongside other corporate partners. Jussi Teijonsalo serves as Managing Director and Partner, while Tuomas Oksanen is Investment Director and Partner, leading the firm's strategic and investment activities.
Grid.vc serves both emerging energy technology startups and corporate partners seeking to engage with energytech innovation and sustainable investment opportunities. The firm's long-term vision is to build and cultivate promising energy startups, guiding them from pilot phases into established entities. Its mission extends to supporting the energy industry's evolution towards a more sustainable operating model, with an emphasis on reducing carbon dioxide emissions, promoting energy efficiency, and fostering circular economy principles.
Grid.vc has 1 tracked investment across 1 company. The latest tracked deal is $4.1M Debt / Seed in Vensum Power in May 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 29, 2023 | Vensum Power | $4.1M Debt / Seed | Petteri Koponen | Harjavalta |