Setterwalls assisted 2150 and ETF Partners in the transaction.
Normative (formally Meta Mind AB) received investments of €10 million from Europe’s largest climate funds.
The funding round was lead by ETF Partners and Copenhagen-based 2150, both of whose portfolios feature sustainable tech like carbon capture, green energy initiatives, and sustainable food production.
Also contributing to this funding round were LowerCarbon Capital – lead by Chris Sacca, who has appeared as a “Guest Shark” on the US series Shark Tank – and two returning investors, ByFounders and Luminar Ventures, who contributed to our €2.1 million seed round in 2019.
The funding will be used to guide even more businesses along the path to net zero, with the aim of reducing global carbon emissions and minimizing the impacts of climate change.
Normative is a Swedish tech-company that standardizes and automates sustainability reporting. Normative’s software generates emissions calculations based on the customer’s internal data and Normative’s unique data model, and provides insights and guidance to companies on how to get to net zero emissions most effectively.
2150 is a venture capital fund headquartered in London investing in technology companies that seek to sustainably reimagine and reshape the urban environment.
ETF Partners is a London based venture capital firm investing in technology companies with a sustainability impact, which include the smart industry, smart energy, and smart cities.
The Setterwalls team included Ola Grahn (Picture), Joakim Winnerljung, Wenzel Nisshagen, Jenny Söberg, Hanna Rhodin and Erik Gyllang.
Law Firms: Setterwalls;