Another week, another cohort of founders raising capital across European impact. Energy dominated the top of the table, taking three of the four largest rounds.
Impact Loop has picked out the deals that caught our eye, together with their backers.
Steady Energy – over €100m and an intended IPO
About: Finnish small modular reactor company spun out of state research centre VTT in 2023. Its LDR-50 is a 50 MW heat-only reactor based on light-water technology, designed to feed district heating networks rather than generate electricity. A full-scale pilot plant in Helsinki is due for commissioning in 2027. The company recently announced its plans to go public on the Finnish stock exchange.
Investors: The €69.8m in equity came from pension insurers Varma, Ilmarinen and Elo, energy majors Fortum and ORLEN, via ORLEN VC, state investor Finnish Industry Investment (Tesi), and existing backer Move Energy.
In addition, the company secured a €40m convertible loan from the European Investment Bank, the EIB's first ever investment in SMR technology.
What the money is for: Finalising the technology, completing regulatory processes and preparing construction of the first commercial reactors.
Nomos – €20m Series A
About: Nomos is a Berlin-based energy platform founded in 2023 by Stefan Gerbes and Nils Bitzer. It acts as a full-stack power supplier for heat pump and solar installers who want to sell electricity under their own brand, handling procurement, metering, billing and market balancing in the background while the installer keeps the customer. The platform connects home batteries, EVs and heat pumps to the German electricity market.
Investors: Index Ventures led the round, joined by Bolt chief executive Markus Villig, UiPath founder Daniel Dines and Tesonet co-founder Tomas Okmanas. The round follows a €1.9m pre-seed led by Speedinvest in October 2024.
What the money is for: Scaling the platform and expanding beyond Germany.
TURN2X – €20m Series A
About: Turn2X is a Munich-based company founded in 2023, producing e-methane by combining green hydrogen with captured CO2. Its first commercial plant, in Miajadas, Spain, injects synthetic methane into the distribution network and sells its output under long-term offtake contracts.
Investors: The round was led by Antwerpen Ventures, the investment vehicle of Florian Antwerpen, who sold battery developer Kyon Energy to TotalEnergies in 2024. Existing investors LEA Partners, Verve Ventures, and First Momentum Ventures also joined in.
What the money is for: Scaling e-methane plants across Europe.
011h – up to €12m
About: 011h is a Barcelona-based industrialised construction company founded in 2020, building low-carbon residential blocks with mass timber and prefabricated systems. Its BIM-based software platform is used to plan and cost projects, and its customers include residential developers and municipal housing authorities in Spain.
Investors: AXIS, the venture arm of Spanish state lender ICO, through its Fond-ICO Crecimiento vehicle, alongside private specialist funds. The company closed a separate €20m round earlier with CDTI, Ship2B Ventures, Breega, Seaya, RedAlpine, private investors and its founders.
What the money is for: Developing the technology platform, scaling operations and advancing a growth plan that the company says could open the platform to third parties.
MicroLub – €8.7m round
About: UK-based MicroLub is an ingredients company spun out of the University of Leeds, founded on research by Professor Anwesha Sarkar and led by chief executive David Peters. Its protein-based biolubricant mimics the sensory properties of fat, which the company says lets manufacturers cut fat content in food and personal care products by up to 75% without losing taste or texture. It is working with large food and ingredient companies on trials.
Investors: Northern Gritstone led, with NPIF II – PXN Equity Finance, part of the Northern Powerhouse Investment Fund II, and existing backers participating.
What the money is for: Expanding the team, pushing into the US and Asia, and converting customer trials into commercial deals.
CURA – $10m round
About: CURA is a cement decarbonisation company headquartered in Canada, led by chief executive Erin Bobicki. We inlcuded it in this round due to the large number of Europe-based investors.
CURA's electrochemical process uses renewable electricity to strip CO2 from limestone before it reaches the kiln, replacing the most carbon-intensive step in cement production. The company claims emissions reductions of 30–85% against conventional methods, and has signed memoranda of understanding with ACCIONA, Aecon and Titan Cement.
Investors: Zacua Ventures led, joined by Sandpiper Ventures, Vantage Futures, Amplify Capital, the University of Calgary's UCEED fund, Mount Rundle Club and angel Sebastian Becker.
What the money is for: Building a 100-tonne-a-year pilot plant near Taber, Alberta, with Grand Forks Concrete, due to begin commissioning in the first quarter of 2027, plus front-end engineering for a 30,000-tonne commercial demonstration plant and technical hires.
Isometric – €8.6m, taking its Series A to €43m
About: isometric is a London-based certification company building a public registry for carbon removal. Founded by chief executive Eamon Jubbawy, it verifies the data behind industrial claims and publishes certificates with the underlying evidence. The company says it has certified more than 16 million tonnes of carbon removal across over 200 projects, with customers including Microsoft, Anglo American, Boeing and JPMorgan Chase.
Investors: Intercontinental Exchange led the extension, joined by Acario Innovation, BY Venture Partners, Dubai Future District Fund, Earth VC, Motion Ventures, One Capital, Plug and Play, Verb Ventures and Legora founder Max Junestrand.
What the money is for: Extending the certification platform beyond carbon removal into industrial emissions, energy, fuels and materials.
Greencovery – €1m, with €3m more underway
About: Greencovery is a Dutch foodtech company with operations in Zaandam, using separation technology to pull functional ingredients out of food industry side streams. Its current focus is cocoa, where it produces cocoa fibre, cocoa extract and cocoa soluble fibre from husks and other residues, pitched as an answer to volatile cocoa prices.
Investors: ROM InWest, existing shareholder Brightlands Venture Partners and a private investor. The company says a further €3m round is already committed by existing and new investors.
What the money is for: Reaching 1,000 tonnes of production capacity through a manufacturing partnership, and bringing the three cocoa ingredients to commercial supply.
Dataphoria – €335,000 round
About: Greek SaaS platform founded by chief executive Anastasis Stamathos and chief operating officer Fenia Sourla, turning ESG and impact data into commercial reporting for SMEs and investment funds.
Investors: Investing for Purpose led, with a group of angel investors.
What the money is for: Growing the commercial team, adding AI automation to the platform and signing fund partnerships outside Greece.
Endless Food Co – undisclosed
About: Copenhagen-based foodtech company founded in 2022 by Maximillian Bogenmann, Christian Bach and Matt Orlando. Its THIC ingredient, short for This Isn't Chocolate, turns brewers' spent grain into a cocoa-free chocolate alternative for manufacturers, bakeries and restaurants.
Investors: Italian confectionery group Loacker. The individual cheque was not disclosed, but Loacker says the programme will hand out €1m a year across its investments.
What the money is for: A strategic partnership with Loacker covering technical development, product innovation and market expansion.
Pictured: Lucas Carné (011h); Anwesha Sarkar (MicroLub); Eamon Jubbawy (Isometric); Carlos Cabrera (Greencovery); Anastasis Stamathos (Dataphoria); Tommi Nyman (Steady Energy)