Kompas VC Closes €160 Million Fund II for Industrial Decarbonization Startups
Denmark-based early-stage venture capital firm Kompas VC has completed the final close of its second fund, raising €160 million to invest in startups targeting industrial productivity, resilience, and decarbonization. The fund will back up to 25 early-stage companies across manufacturing, energy, advanced materials, the built environment, and logistics.
Fund II, equivalent to approximately USD$187.5 million, will focus on industrial technologies including AI, robotics, and cybersecurity aimed at improving the design, operation, and efficiency of large-scale physical assets. Kompas VC was founded in 2021 by Sebastian Peck, Talia Rafaeli, and Andreas Winter-Extra. The fund has already backed seven companies, including bio-manufacturing platform Epoch Biodesign, AI-driven energy simulation platform Tibo Energy, and space-based terrain intelligence company Array Labs. The fund attracted support from existing investor VKR Holding and new limited partner Realdania.
The fund's strategy reflects an emerging investment thesis that decarbonization of physical industries requires deep integration of digital technologies with complex, legacy-laden operational environments. Kompas VC emphasises backing founders with the capability to integrate and scale technology within real-world industrial conditions — what the firm calls being 'execution-ready'. Physical industries are characterised by large-scale fixed assets, fragmented data systems, and intense regulatory pressure, making digital transformation both difficult and commercially significant.
The close of Fund II signals continued investor appetite for industrial climate technology despite a broader pullback in some sustainability-focused venture categories. As regulatory pressure on Scope 3 emissions intensifies — particularly in Europe through the CSRD — industrial decarbonization tools that can demonstrate measurable impact and integrate into existing workflows are likely to attract further capital. For India's growing industrial sector, which faces similar digital transformation challenges, the portfolio of companies backed by Kompas VC may offer relevant models.
Key figure — €160 million (approximately USD$187.5 million) raised in Fund II final close
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