The green building construction industry in the Nordics focuses on creating sustainable structures that reduce energy consumption and environmental impact. Companies in this sector range from construction firms to startups manufacturing eco-friendly building materials and technologies. They often incorporate innovations such as smart systems for energy efficiency, sustainable materials like cross-laminated timber, and advanced insulation techniques. Key to their growth is a push for greener urban development, supported by government policies and market demands for climate-friendly solutions. With increasing urgency around climate change, this sector is poised for rapid advancement, attracting investments and paving the way for a more sustainable future.


The list features a mix of venture capital and private equity investors primarily located in Stockholm and Oslo. Ranging in size from small teams to sizable firms with over 10,000 employees, these investors have made substantial commitments in 2024, with some closing over 30 deals. Founded between the mid-20th century and recent years, their diverse strategies highlight the growing importance of the green building construction sector in the Nordics. From established giants like EQT Group to innovative startups like Katapult, each investor plays a critical role in shaping sustainable construction initiatives.


Top 13 Green Building Construction Investors in the Nordics


1. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among its notable transactions, Almi has invested in companies like IsoTimber, which focuses on sustainable timber solutions, and Net Zero Build, which is dedicated to achieving net-zero energy buildings. These investments highlight Almi's engagement in the green building construction sector, showcasing its support for sustainable practices within the construction industry.


2. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. Among their notable transactions, EQT acquired Solarpack in June 2021, a company dedicated to solar energy solutions, which plays a significant role in promoting sustainable building practices. Additionally, their acquisition of ju:niz Energy GmbH in December 2024 as part of their Transition Infrastructure strategy further emphasizes their commitment to sustainable energy and infrastructure development. These transactions highlight EQT's engagement in sectors that align with green building construction, making them a relevant investor in this space.


3. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They specialize in supporting tech startups that tackle global challenges, particularly in sectors like climate-tech and ocean-tech. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notably, they have invested in Hyperion Robotics, a Finnish startup that is scaling up its R&D capabilities to deploy Micro-factories for large-scale construction projects, which aligns with green building initiatives. Additionally, their investment in Over Easy Solar highlights their commitment to renewable energy solutions, further supporting sustainable building practices. Katapult's focus on innovative technologies positions them as a relevant player in the green building construction sector.


4. Instalco

  • Website: instalco.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2014
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: instalco

Instalco is a corporate investor based in Stockholm, Sweden, specializing in installation and consulting services across various sectors, including plumbing, electrical, ventilation, and industrial services. Founded in 2014, Instalco operates through a decentralized model, allowing local companies to maintain their identity while benefiting from shared resources and best practices. Notably, Instalco has made several acquisitions that enhance its capabilities in the construction industry. For instance, the acquisition of Klimatror in 2014 may indicate a focus on energy-efficient solutions, which are crucial for green building initiatives. Other acquisitions, such as Rikelektro, VVS Installator, and Vallacom, further expand their service offerings in technical installations, which are essential for modern, sustainable construction projects. In 2024, Instalco also participated in a funding round for Fabri Group, indicating their ongoing engagement in the construction and industrial sectors.


5. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating primarily in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, Equinor has made significant strides towards sustainability, aiming to become a net-zero emissions entity by 2050. In recent years, Equinor has actively expanded its investments in renewable energy, including notable transactions such as the acquisition of BeGreen, a Danish solar power developer with over 700 MW of developed solar capacity and a project pipeline exceeding 6 GW. Additionally, Equinor acquired Rio Energy, a Brazilian onshore renewables company, further enhancing its renewable energy portfolio. The company also holds a significant stake in Ørsted, a leading renewable energy company, and has invested in Scatec Solar ASA, a solar power producer. These transactions reflect Equinor's commitment to enhancing its capabilities in the renewable energy sector, making it a relevant investor in the context of green building construction.


6. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and headquartered in Stockholm, Sweden, is a leading security solutions provider specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through innovation and a diverse product portfolio. In recent years, ASSA ABLOY has made significant acquisitions to enhance its offerings in the construction sector. Notably, the acquisition of Senior Architectural Systems in March 2025 allows ASSA ABLOY to expand its presence in the commercial market with a focus on aluminium fenestration solutions, which are crucial for energy-efficient building designs. Additionally, the acquisition of Portafeu in 2011, a company specializing in customized fire doors, further strengthens ASSA ABLOY's commitment to safety and energy efficiency in building construction. These strategic moves highlight ASSA ABLOY's role in supporting green building initiatives through enhanced product offerings that align with sustainability goals.


7. Nordic Investment Bank

  • Website: nib.int
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1976
  • Headcount: 201-500
  • Number of deals in 2024: 19
  • LinkedIn: nordic-investment-bank

Nordic Investment Bank (NIB) is a public entity based in Helsinki, Finland, established in 1976. It provides sustainable financing solutions for projects in the Nordic and Baltic regions, focusing on enhancing productivity and environmental benefits. NIB offers a variety of loan products, including corporate, sovereign, and sustainability-linked loans, catering to both private and public sector customers. Notably, NIB has been involved in significant transactions such as Bonnier Fastigheter's debt financing of approximately $19.4 million, which could support green building initiatives, and Atrium Ljungberg's post-IPO debt of about $88.6 million, indicating its engagement with companies that may be involved in sustainable real estate development. These transactions highlight NIB's role in financing projects that align with green building principles.


8. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They focus on deep tech innovations and support researchers and entrepreneurs in commercializing their technology through various programs, providing business guidance, financing, and community networking. In 2024, they were involved in 26 investments, including significant funding rounds for startups like Modvion, which raised over $6 million in 2024 and €11 million in 2023 for the development of a 150-meter wooden wind turbine. This project exemplifies their commitment to sustainable construction and renewable energy solutions. Additionally, they have invested in Palats, which, while not directly related to green building, showcases their active role in supporting innovative startups. Their model emphasizes active ownership and investment in startups, helping them scale and succeed in the market, particularly in areas that align with sustainability and green technologies.


9. FSN Capital Partners

  • Website: fsncapital.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: fsn-capital

FSN Capital Partners is a private equity investment firm based in Oslo, Norway, founded in 1999. The firm specializes in managing investments across various sectors, including services, green transition, industrials, and technology. FSN Capital partners with companies to drive growth and transformation, primarily catering to institutional investors and pension funds seeking sustainable returns. Notably, FSN Capital has been involved in several transactions relevant to the green building construction industry, such as the acquisition of HusCompagniet, a residential construction company, and Green Landscaping, which focuses on sustainable landscaping solutions. Additionally, their acquisition of Fibo-Trespo, a manufacturer of panel products, highlights their interest in innovative building materials that support green building practices. These transactions reflect FSN Capital's commitment to investing in companies that contribute to sustainable development and the green transition.


10. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in enhancing operational efficiency and sustainable growth across various sectors, including technology and consumer products. Altor has been actively involved in several transactions that align with green building construction principles. Notably, they led a €1.5 billion equity funding round for H2 Green Steel, aimed at developing a large-scale green steel plant in Boden, Sweden, which is crucial for sustainable construction materials. Additionally, their acquisition of Nordic Climate Group, a leader in the cooling and heating industry, further emphasizes their commitment to sustainability and energy efficiency in construction-related services. These strategic investments reflect Altor's focus on supporting sustainable growth and operational efficiency in their portfolio companies.


11. Bravida

  • Website: bravida.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2000
  • Headcount: 10001+
  • LinkedIn: bravida

Bravida is a corporate investor based in Stockholm, Sweden, founded in 2000. As a leading technical service provider, Bravida specializes in the installation and maintenance of electrical, heating, sanitation, ventilation, and security systems across the Nordic region. The company serves property owners and facility managers, ensuring that essential systems function reliably and efficiently. In recent years, Bravida has made several strategic acquisitions to strengthen its market position and enhance its service offerings. Notably, the acquisition of KT Elektric A/S in Denmark aims to bolster their capabilities in electrical services and building automation, which are crucial for green building initiatives. Similarly, the acquisition of Hangö Elektriska in Finland further expands their reach and expertise in sustainable building practices. These transactions reflect Bravida's commitment to supporting the green building construction industry through their technical services.


12. Ratos

  • Website: ratos.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1866
  • Headcount: 11-50
  • LinkedIn: ratos

Ratos is a private equity investment company based in Stockholm, Sweden, founded in 1866. The firm operates across various sectors, including construction, manufacturing, and consumer goods, with a strong focus on providing technological and infrastructure solutions that emphasize sustainability and efficiency. Notably, Ratos has made significant investments in the construction industry, including the acquisition of a 63% stake in Vestia Construction Group, which has demonstrated impressive growth and is expected to generate substantial revenue. This acquisition complements Ratos's existing construction company, HENT, and highlights their commitment to expanding their footprint in the construction sector. Additionally, Ratos's investment in Aibel, a company specializing in offshore wind and energy services, further underscores their interest in sustainable infrastructure solutions. Overall, Ratos aims to create value for its shareholders while addressing the diverse needs of its customer base, with a clear inclination towards sustainable practices in their investments.


13. Intera Partners

  • Website: interapartners.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Finland, founded in 2007. The firm specializes in investment management and advisory services, focusing on growing and internationalizing Finnish and Swedish companies with revenues between €10-200 million. Intera Partners emphasizes responsible investing and building strong partnerships with business owners. Notably, they have made significant investments in companies relevant to the construction industry, such as Sitowise Oy, which provides consulting services in the construction sector, and Normek Group, which is involved in construction-related activities. These transactions indicate a potential interest in the construction field, which may include green building practices, although specific commitments to sustainability are not explicitly stated in their investment approach.



Green Building Construction Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
KatapultOslo, Oslo, Norway11-5020178
InstalcoStockholm, Stockholm, Sweden1001-500020142
EquinorStavanger, Rogaland, Norway10001+19726
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
Nordic Investment BankHelsinki, Uusimaa, Finland201-500197619
Chalmers VenturesSweden11-50201526
FSN Capital PartnersOslo, Oslo, Norway51-20019990
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
BravidaStockholm, Stockholm, Sweden10001+20000
RatosStockholm, Stockholm, Sweden11-5018660
Intera PartnersHelsinki, Uusimaa, Finland11-5020072


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