Founder and managing partner of Greencode Ventures, Dr. Terhi Vapola. Along with her team in Helsinki, Greencode invest in digital-first early-stage green transition startups across Europe. They have a particular interest in green energy, mobility, built environment and green industries.
Founded in 2022, Greencode’s investments include renewable energy startup, Synergi, green hydrogen software solution, Southern Lights, and climate risk platform, Repath.
During this series of bite-sized episodes, I’ll be speaking to investors from across the climate ecosystem to get their reflections on 2024, insights about the funding landscape for 2025, advice for founders looking to raise, and finding out what they’re most excited about for the coming year.
1:36 - Intro to Terhi and Greencode Ventures
5:12 - Terhi’s reflections on the 2024 fundraising market
7:13 - Greencode portfolio companies that did well in 2024 and why they did so well
9:03 - Terhi’s predictions for the 2025 climate investment market
10:23 - What subsections of climate could have a good year?
12:08 - What does Greencode look for in investments?
15:16 - What stages does Greencode invest at?
16:20 - How much traction do you look for?
17:30 - What minimum do you look for in a founding team’s establishment? And how long should founders lead sales before bringing in a sales team?
19:38 - How much does talent and talent mapping make up part of your due diligence for investments?
21:46 - Terhi’s advice for founder’s thinking of raising this year.
25:04 - How to contact Greencode
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