Giant backs purpose-driven founders building companies that matter.

Giant Ventures

The Danish Green Investment Fund finances companies and projects that make green conversion into good business.

Danish Green Investment Fund

Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emerging markets. Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society.  Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.

Kinnevik

Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We can accompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.

Vaekstfonden

HV Capital is a Munich- and Berlin-based venture capital firm that supports founders in developing their internet companies. Since 2000 HV Capital, formerly HV Holtzbrinck Ventures, has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth investors in Europe. HV Capital has already invested in around 200 companies, including Zalando, Delivery Hero, FlixMobility and SumUp. The total of all HV Funds amounts to €1.7 billion. The company supports startups with capital between €500,000 and €50 million. This makes HV Capital one of the few venture capitalists in Europe that can finance startups through all growth phases.

HV Capital

Anthemis Group is a multi-stage asset management platform that cultivates change in the financial system by investing in, growing, and sustaining businesses committed to resiliency, transparency, access and equity. Founded in 2010, our deep understanding of markets and models, passion for emerging technology and values inspire everything we do. By creating fertile ground for a diverse group of startups, investors, entrepreneurs, institutions, academics, and visionaries to converge, we believe we can solve the financial systems’ most pressing challenges faster, better and for the benefit of all.

Anthemis

Gullspång Re:food makes enduring investments in entrepreneurs solving the food system’s structural problems for generations to come.

Gullspång Re:food

AENU drives systemic transformation in venture capital towards impact, accessibility and stakeholder-alignment, with long-term investment for tech-entrepreneurs who solve the climate crisis and advance social equality.

AENU

Denmark's Export and Investment Fund (EIFO) serves as a single point of contact for Danish firms seeking risk-tolerant government finance. We aspire to help successful enterprises that can expand the Danish economy and green the world on a daily basis, guided by professionalism and an international perspective.

Export and Investment Fund

Agreena

Agreena is the creator of a soil carbon platform with the goal of scaling regenerative agriculture through finance and technology. The company verifies, mints, and sells carbon credits generated by farmers, issues third-party verified carbon certificates, and develops software that uses ground-truth data, satellites, artificial intelligence, and deep tech to enable scalable detection of key metrics, including regenerative agriculture principles, providing clients with both finance and scientific technology solutions to accelerate the global transition to regenerative agriculture and allowing farmers to increase their yields.

Agreena, a Danish soil carbon platform, allows businesses to purchase carbon removals directly from European farmers. The company’s platform mints, verifies, and sells carbon credits generated by farmers for their regenerative agriculture processes that involve storing CO2 within their soils. As of February 2024, Agreena offered farmer incentives ranging from EUR 32—36 (USD 34—39) per carbon certificate generated.

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

Agreena, founded in 2018 in Copenhagen, Denmark, operates a digital platform that enables farmers to earn carbon credits by transitioning to regenerative agriculture practices. The company's AgreenaCarbon program allows farmers to plan, track, and validate their transition to more sustainable farming methods that reduce CO2 emissions and store carbon in the soil. Agreena's platform utilizes satellite imagery, AI, and machine learning to monitor and verify regenerative practices such as reduced tillage, cover cropping, and optimal residue management. As of November 2023, Agreena's platform covered two million hectares across 17 European countries, with over 1,000 farmers participating. The company monetizes its services by retaining a 15% cut of the carbon certificates it issues and selling them on voluntary carbon markets.

Danish agtech Agreena acquires Hummingbird Technologies to push forward global farming’s green transition

Agreena has a fresh €46 million to sow more seeds of regenerative farming

Soil carbon startup Agreena lands $50m to tear down the financial barriers to regen ag

Danish soil carbon start-up Agreena scales its carbon farming platform across two million hectares

Agreena Lands $50M to Expand Regen Ag and Carbon Credits

Climate Tech Meets Fintech: Agreena Raises €46M to Transform Agriculture in Europe

"Farmer’s fintechs” are turning Europe's farms into carbon sinks

Denmark’s Agreena bags €46M to incentivise farmers on sustainable carbon farming journey

Agreena acquires Hummingbird to enhance validity of soil carbon certificates

growing a sustainable future through healthy soil

“Farmer’s fintechs” are turning Europe’s farms into...

Danish Agro and Agreena enter partnership

Agtech Agreena scales its carbon farming platform

Technology for a regenerative future in agriculture

Regenerative Agriculture Platforms

Fram Farmers and Agreena host Wiltshire Regen Day

Agreena, a Danish soil carbon platform, allows businesses to purchase carbon removals directly from European farmers. The company’s platform mints, verifies, and sells carbon credits generated by farmers for their regenerative agriculture processes that involve storing CO2 within their soils. As of February 2024, Agreena offered farmer incentives ranging from EUR 32—36 (USD 34—39) per carbon certificate generated. Key customers and partnerships In <a href="https://agreena.com/blog/press-release-danish-agro-and-agreena-enter-partnership-on-carbon-certificates/">May 2022 </a>, Agreena partnered with Danish Agro, an agricultural company to facilitate carbon certificate trading. In <a href="https://www.farmcontractormagazine.com/news/people/agreena-acquires-hummingbird-technologies-to-offer-ai-solutions-in-regenerative-farming.html">July 2022 </a>, the company acquired Hummingbird Technologies, a UK-based supplier of regenerative agriculture through remote sensing, to offer AI/machine learning (ML) solutions that use low-orbit satellite imagery to track crop activities. In February 2024, the company announced its second acquisition with fieldmargin, a UK-based farm management software company, to develop next-generation farming tools. As of February 2024, Agreena supports over 1,000 farmers covering more than 2 million hectares in 18 European countries. Funding and financials The company’s most recent funding was in March 2023, when it raised <a href="https://yqqqphhcg2hvaaua-test001.pj-initial.net/updates/17392">EUR 46 million </a>(USD 50 million) in a Series B funding round led by HV Capital. The proceeds raised were used to support the scaling up of the company’s soil carbon platform globally.

<div>
 
 Circular IQ is a Netherlands-based digital platform that offers SaaS-based solutions for businesses to assess their circular performance through smart data-gathering and analytics. Circular IQ collects and analyzes supplier-specific data and provides tailor-made reports for businesses about the circularity of their operations.&nbsp;
 
 
 Circular IQ offers three main services 1) Circular Procurement Program, a service that monitors and reports the circular performance of a business&rsquo;s existing supply chain, 2) Product Circularity Improvement Program, a service in collaboration with KPMG to identify areas where the circularity of an existing supply chain can be improved, and 3) Circular Transition Indicators (CTI) Program, a service that supports and guides businesses through circular transition.
 
 
 Key customers and partnerships
 
 
 In March 2024, Circular IQ reported more than 2,000 CTI customer accounts in 94 countries. Microsoft, KPMG, Whirlpool, Saudi Aramco, Aptar, Rabobank, bp, Deloitte and Royal DSM were some of Circular IQ&rsquo;s high-profile clients.&nbsp;&nbsp;
 
 
 
</div>

Circular IQ

<div>
 
 Cloverly offers an API-based digital infrastructure for voluntary carbon markets (VCM). The Cloverly platform is used by both corporate buyers and project suppliers. Buyers can directly purchase carbon removal credits through its platform or integrate its technology into their products, services, or supply chains. Similarly, project suppliers leverage the Cloverly Marketplace and the supplier software, to manage commercial operations such as inventory management and tracking of carbon credit sales. The supplier platform offers carbon credits from suppliers including Therm, KOKO Networks and CarbonCure. For each carbon credit purchase, Cloverly produces a unique transaction receipt and certificate.&nbsp;
 
 
 Key customers and partnerships
 
 
 Leading companies such as American Express, Salesforce, Visa, have added Cloverly to their platforms to facilitate the purchase of carbon offset credits. The online gift card company, Instagift, also allows its customers to offset emissions through Cloverly. In November 2021, Clovery partnered with Diversifi to launch a service that offsets the crypto-carbon footprint. In May 2022, Cloverly also partnered with 
 <a href="https://sp-edge.com/updates/11507">
 BeZero Carbon
 </a>
 to obtain third-party ratings and independent quality assessments and 
 <a href="https://sp-edge.com/updates/11506">
 Redwood Logistics
 </a>
 to measure freight emissions and offset those via carbon credits in July 2022. In November 2023, the company also collaborated with Sustain.Life, a B2B carbon intelligence startup, to supply carbon credits. As of February 2024, the Cloverly platform was used by over 300 global enterprises.&nbsp;
 
 
 Funding and financials&nbsp;
 
 
 Cloverly&rsquo;s most recent funding was in May 2023, when it raised USD 19 million in a 
 <a href="https://sp-edge.com/updates/18533">
 Series A funding
 </a>
 round led by Grotech Ventures. In July 2021, Cloverly raised USD 2.1 million in a seed funding round led by TechSquare Ventures. As a part of the transaction, Cloverly was also spun out from Southern Company, an American gas and electric utility where it was incubated.
 
</div>

Cloverly

UK-based Giki offers two mobile apps to reduce the personal carbon footprint of its users:Giki Badges is an app that allows users to find sustainable and healthy products in supermarkets through 15 unique badges to UK supermarket products based on sustainability, health, and fairness. Customers can scan the product barcode to find the badges that are being awarded to the product. Giki Badges reported awarding badges to over 280,000 supermarket products.Giki Zero is an app that allows users to calculate and reduce the personal carbon footprint. Giki Zero estimates the personal carbon footprint of a user based on a lifestyle survey (a set of detailed questions about the user’s lifestyle) and provides customized advice to reduce the user’s carbon footprint. Giki Zero Pro is an extension of the same product for businesses which allows employees to monitor and reduce their carbon footprint.Key customers and partnershipsIn April 2023, Giki partnered with <a href="https://www.compass-group.co.uk/media/news/compass-partners-with-social-enterprise-giki-to-empower-its-45k-strong-workforce-to-reduce-their-carbon-footprint/">Compass Group </a>, a UK-based food and support services provider, to calculate and reduce the personal carbon footprint of its employees. As of March 2024, Giki had worked with over 100 global customers, including NatWest Group, Federated Hermes International, BBC, Deloitte, Adobe and Accenture, among others.

Giki

<div>
 
 Canada-based Metrio primarily offers SaaS-based Environmental, Social and Governance (ESG) reporting solutions for businesses. Metrio allows companies to monitor their ESG performance in real-time using dashboard tools to create customized reports based on any standard ESG framework. In addition to ESG reporting, Metrio also offers ESG industry benchmarking, supply chain ESG monitoring, and ESG investment management services.&nbsp;
 
 
 Key customers and partnerships
 
 
 In June 2022, Metrio was acquired by Nasdaq. After the acquisition, Nasdaq integrated Metrio&rsquo;s SaaS platform into its suite of ESG solutions. Metrio continued to remain an independent company and brand after the investment. 	
 
 
 As of January 2024, Metrio software was used by over 5,000 clients, including 100+ multinational companies across financial, food, manufacturing, retail, and transportation sectors. Major customers include Target, Air Canada, Decathlon, and Aldo.
 
</div>

Metrio

<div>
 
 Proof (formerly Proof of Impact) is an Impact-as-a-Service (IaaS) company based in the Netherlands. Proof offers a range of SaaS-based digital tools for businesses and investors to collect, verify, and analyze real-time sustainability data from community assessments, IoT devices, and corporate disclosures. The company also verifies and secures them using blockchain technology and presents them in a quantifiable form for sustainable decision making.&nbsp;
 
 
 
 
 Proof&rsquo;s services include: 1) Digital consultancy&ndash;digital assessments to create and deploy a company&rsquo;s sustainability strategy, 2) Impact dashboard&ndash;an end-to-end solution to collect, verify, analyze, and report sustainability data, and 3) Impact Catalyst Cloud&ndash;cloud-based tools and API solutions for tracking, verifying, and investing in sustainability projects. Proof also operates a marketplace for sustainability projects where investors may directly select, and fund verified sustainable projects.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 In May 2023, the company 
 <a href="https://resources.proof.io/press-release-assetmetrix-and-proof-join-forces-to-offer-an-integrated-sfdr-focused-esg-solution-to-private-market-clients/">
 partnered
 </a>
 with AssetMetrix, a German-based next generation asset servicer, to offer an integrated solution for ESG data collection, reporting and optimization.&nbsp;
 
 
 
 
 Funding and financials
 
 
 
 
 Proof&rsquo;s most recent funding was in August 2022, when it raised USD 6 million in a 
 <a href="https://sp-edge.com/updates/12037">
 pre-series A funding
 </a>
 round led by Rakuten Capital. Previously in December 2021, the company raised USD 2.3 million in a seed funding round led by Altera Investments.&nbsp;
 
 
 
</div>

Proof of Impact

Pure-play software solutions that measure, monitor, analyze, and report carbon footprints of internal business operations including ESG management and reporting software. Excludes supply chain and other Scope 3 carbon intelligence solutions.

Software for offsetting business carbon footprints including carbon intelligence startups that also offer offsetting solutions. Primarily includes instant offsetting services and carbon trading marketplaces.

Pure-play software solutions to measure, monitor, and analyze personal carbon footprints.

Software solutions to reduce, and offset personal carbon footprints including carbon intelligence startups that also offer offsetting solutions.

Pure-play software solutions that measure, monitor, analyze, and report carbon footprints from supply chains and other Scope 3 emissions.

Carbon trading marketplaces that allow individual and business users to buy and sell carbon offsets.

Solutions used improve carbon tracking transparency across internal and external business operations

Provides tools to monitor and offset CO2 emissions using reforestation, renewable energy credits, etc

Some carbon trading marketplaces are blockchain based (e.g., Nori)

Some carbon tracking companies use AI to measure and report CO2 emissions (e.g., Persefoni)

Agreena, founded in 2018 in Copenhagen, Denmark, operates a digital platform that enables farmers to earn carbon credits by transitioning to regenerative agriculture practices. The company's AgreenaCarbon program allows farmers to plan, track, and validate their transition to more sustainable farming methods that reduce CO2 emissions and store carbon in the soil. Agreena's platform utilizes satellite imagery, AI, and machine learning to monitor and verify regenerative practices such as reduced tillage, cover cropping, and optimal residue management. As of November 2023, Agreena's platform covered two million hectares across 17 European countries, with over 1,000 farmers participating. The company monetizes its services by retaining a 15% cut of the carbon certificates it issues and selling them on voluntary carbon markets.
In July 2022, Agreena acquired Hummingbird Technologies, a UK-based remote sensing analytics company, to enhance its monitoring, reporting, and verification (MRV) capabilities. This acquisition allowed Agreena to expand its offerings beyond farmers to include agridata services for supply chain players and governments. The company's carbon certification program is accredited to the ISO 14064-2 standard and uses a third-party verified methodology aligned with IPCC science.
Key customers and partnerships
Agreena has partnered with Danish Agro, a major agricultural group, to promote climate-friendly cultivation practices and carbon certificate trading among farmers in Denmark and Baltic countries. The partnership aims to spread awareness of regenerative agriculture practices and the associated opportunities for farmers to finance their transition through carbon credits.

Croptimal is an Israeli agricultural technology company that provides real-time and accurate testing services for plant tissue, soil, and water directly in the field. The company's innovative solution significantly reduces the time for analysis from the traditional 10 days to just 10-60 minutes, revolutionizing the agricultural testing methodology. Croptimal's technology is based on Energy Dispersive X-Ray Fluorescence (ED-XRF) spectroscopy, which it adapted for precision agriculture applications. The company offers a comprehensive service that includes sample collection, preparation, analysis, and agronomist-reviewed recommendations, all delivered to farmers within a day. This rapid turnaround enables farmers to make timely decisions on fertilizer application and crop management.
Croptimal's service aims to optimize crop nutrition by analyzing macro and micro elements in plant tissues, soil, and water. The company employs an automated sampling process that follows a strict protocol, ensuring consistency and eliminating human error. The collected samples are tested in either mobile or regular laboratories, with all data sent to a cloud database. This database also incorporates meteorological information from local weather stations. An algorithm then correlates weather and fertilizer data to produce customized protocols adapted to the grower, region, and local conditions.
Key customers and partnerships
Croptimal works directly with farmers, offering seasonal agreements that cover sampling and testing frequency, types of tests, and precise sampling locations. The company has partnered with Netafim, a global leader in irrigation solutions, recognizing the potential benefits for growers worldwide. Croptimal's services are particularly valuable for farmers dealing with unstable weather conditions and rising production costs, as it allows them to calculate optimal fertilizer quantities and timing based on accurate, real-time data.

Croptimal

Regen Farmer specializes in developing regenerative agroforestry systems. The company engages in various projects aimed at implementing sustainable agricultural practices that combine trees and shrubs with crops or livestock. This approach to farming seeks to enhance biodiversity, improve soil health, and create more resilient ecosystems. Regen Farmer collaborates with a diverse range of clients to design and implement these agroforestry systems, tailoring their solutions to meet specific needs and environmental conditions. The company's work contributes to the growing field of regenerative agriculture, which focuses on restoring and improving the natural resources used in farming while maintaining productive agricultural systems.

Regen Farmer

SmartCloudFarming is a company that provides advanced soil intelligence services to agricultural businesses worldwide. The company utilizes artificial intelligence and machine learning to create detailed 3D soil maps, offering insights up to 30 cm deep. These maps include comprehensive information on minerals, soil organic carbon, and texture. SmartCloudFarming's technology allows for accurate carbon stock measurement at a fraction of the cost compared to traditional soil lab alternatives, reportedly at just 0.1% of the price per hectare. The company offers two main solutions: LAIM for local analysis and GEAIM for global analysis, both capable of providing soil perspectives within 24 hours, depending on the location and area fragmentation. In addition to soil mapping, SmartCloudFarming's services include retrospective organic soil carbon analysis and site-specific analytics. The company's technology enables farms to optimize pesticide application, adjust crop distribution, and create customized fertilizer plans. SmartCloudFarming was founded in early 2019 by plant biotechnologist Michele Bandecchi, with the aim of revolutionizing sustainable farming and soil intelligence. The company has since developed and patented deep-learning models that form the core of its services. Looking ahead, SmartCloudFarming plans to expand its product offerings to include crop yield forecasting and soil biodiversity analysis, with the broader goal of enhancing agricultural supply and ensuring food security.

SmartCloudFarming

Teralytic offers a technology platform for farmers to obtain detailed soil quality data through a single probe. The company's device is equipped with 26 sensors that provide information on soil moisture, salinity, and NPK (nitrogen/phosphorus/potassium) levels at three different depths. Additionally, the probe measures aeration, respiration, air temperature, light, and humidity. As of January 2022, the company aimed to consolidate its offerings into a single device capable of adapting to changing requirements.

Teralytic

Agrology is a Predictive Agriculture technology company that offers a comprehensive platform to help farmers monitor and manage various aspects of their agricultural operations. The company's flagship product, the Agrology Platform, utilizes machine learning to provide real-time data and insights on soil carbon, smoke taint, drought, irrigation optimization, nanoclimate threats from extreme weather, and pest and disease outbreaks. In March 2023, Agrology launched the Arbiter Carbon Monitoring System, which continuously monitors and quantifies soil carbon flux for farmers. This system allows growers to track soil carbon sequestration, soil composition changes, and receive alerts for significant soil or atmospheric events that impact carbon levels. The Agrology platform also covers other critical areas such as heat waves, soil health, regenerative practices, and greenhouse gas monitoring. The company emphasizes ease of use, with sensor nodes that can be installed in under 10 minutes and data accessible via a mobile app. Agrology operates on a subscription-based model, which includes installation and warranty replacement of sensors, real-time monitoring, and secure data access. As of March 2023, the Arbiter Carbon Monitoring System subscription started at around USD 600 per month. Agrology is structured as a Public Benefit Corporation, with a mission to advance equality in agriculture, reduce environmental impact, and secure the global food supply in the face of climate change.
Key customers and partnerships
Agrology's customer base includes several prominent names in the agriculture and wine industry. Braga Fresh, a leading organic grower, announced in March 2023 that they were using the Agrology Arbiter System to track and quantify soil carbon in real time, having installed it in July 2022 as part of a regenerative trial program. Additionally, Silver Oak and Emeritus Vineyards were reported to be trialing the Arbiter system at that time.

Agrology

Platforms using IoT devices and machine-learning algorithms to measure and analyze soil carbon levels

Platforms using IoT devices and machine-learning algorithms to measure and analyze other key soil parameters, such as fertility, moisture content, temperature, and nutrient concentrations

Platforms providing farm planning, landscape designing, and consultation services to create awareness of the transition to regenerative agriculture

Platforms using AI and machine learning to monitor regenerative practices such as cover cropping, crop rotation, and no-till operations. Certain platforms also support farmers financially via carbon credits to adopt regenerative practices

Platforms supporting the process of promoting soil health through soil carbon removal (soil carbon sequestration) via photosynthesis or by employing live microalgae

Platforms connecting farmers, investors, resource providers, and other stakeholders related to regenerative agriculture

Regenerative agriculture platforms use AI and ML for soil analytics

IoT-enabled sensors are used in for soil analysis

Uses data analytics and sensors and related technologies to provide soil insights

Provides solutions to maximize efficiency in regenerative agriculture value chain

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

<div>Agreena, a Danish carbon removal marketplace, named Ingeborg Dybdal Øie as its first chief finance officer. Øie has a diverse financial background, with previous roles as CFO at Huma, a chronic disease management platform, and positions at Goldman Sachs and Smith &amp; Nephew.</div>

Agreena

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