The environmental consulting industry in the Nordics focuses on advising businesses on sustainability and compliance with regulations. Companies range from established consulting firms to innovative tech startups tackling challenges in climate change, waste management, and renewable energy. As public awareness grows and legislation tightens, this sector is experiencing rapid growth. Nordic nations are leading in green technology and sustainable practices, making this region a hotspot for environmental solutions. Consulting firms offer services such as environmental impact assessments, sustainability reporting, and carbon footprint analysis, driving businesses toward greener practices and responsible operations.


This list showcases a mix of investors, including venture capital firms, private equity firms, and corporate entities, mainly headquartered in major Nordic cities like Stockholm and Oslo. The investors vary in size, ranging from small entities with less than 10 employees to large corporations with thousands. Established between 1985 and 2020, these investors focus on enhancing sustainability efforts and green innovations. In 2024, they collectively engaged in 92 deals, underpinning a robust commitment to financing and supporting environmental consulting initiatives across the Nordics.


Top 14 Environmental Consulting 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 through tailored financial solutions and guidance. Notably, Almi has made several investments in companies that are relevant to the environmental consulting sector. For instance, they participated in funding rounds for ClimateView, a company focused on climate data and solutions, and Klimato, which specializes in carbon management software. These investments reflect Almi's engagement in supporting businesses that contribute to sustainability and environmental consulting, showcasing their role in fostering innovation in this critical area.


2. 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. The firm specializes in supporting tech startups that tackle global challenges, particularly in the climate-tech and ocean-tech sectors. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Notable transactions include a seed funding of $150,000 to RecyGlo, a waste management and recycling platform in Myanmar, aimed at improving recycling services. They also invested in Ichthion, which focuses on innovative environmental solutions, and Ecospears, which is involved in environmental restoration. Additionally, Katapult supported Sand to Green, an AgriTech startup in Morocco, which aims to deploy sustainable agricultural projects across Africa. These investments highlight Katapult's commitment to fostering companies that contribute positively to environmental sustainability.


3. 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 providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among their notable transactions, EQT Infrastructure's acquisition of Covanta for $5.3 billion in 2021 stands out, as Covanta is a leader in waste-to-energy solutions, directly contributing to environmental sustainability. Additionally, EQT's acquisition of Saur SAS in 2018 for over $1.7 billion emphasizes their focus on water management, a critical area in environmental consulting. These transactions reflect EQT's strategic interest in companies that address environmental challenges, making them a relevant player in the environmental consulting space.


4. 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, founded in 1972 and based in Stavanger, Norway, is a public entity operating primarily in the energy sector, with a focus on oil, gas, and renewable energy. The company has a strong commitment to sustainability, aiming to achieve net-zero emissions by 2050. Equinor serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has made significant investments in environmental initiatives, including a $8.3 million investment in Carbon Trust in 2016, which supports the development of low-carbon technologies. In 2024, they participated in the seed round for Inherit Carbon Solutions, further emphasizing their focus on carbon management. Their acquisition of a 25% interest in the Bayou Bend CCS project in 2023 positions them as a key player in one of the largest carbon capture and sequestration projects in the U.S. Additionally, Equinor Ventures has supported companies like SeekOps, which specializes in environmental monitoring technology, and Rovco, which focuses on underwater robotics for environmental applications. These transactions highlight Equinor's active role in promoting environmental sustainability and consulting solutions.


5. Afry

  • Website: afry.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1895
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: afry

AFRY AB is a consulting and engineering firm based in Stockholm, Sweden, founded in 1895. With over 10,000 employees, AFRY provides a wide range of services, including sustainability consulting, digital solutions, and project management across various industries. The firm has made strategic acquisitions to bolster its expertise in the environmental sector, such as the acquisition of a Dutch renewables consultancy company in February 2023, aimed at enhancing its capabilities in renewable energy. Additionally, AFRY acquired Numerola Oy, a leader in digital solutions for wind power, further emphasizing its focus on sustainability and environmental consulting. Other notable acquisitions include Cubiq Analytics and Vahanen, which contribute to its overall service offerings, including data analytics and project management. These transactions highlight AFRY's commitment to supporting businesses and organizations in improving their efficiency and sustainability practices.


6. Business Finland

  • Website: businessfinland.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 501-1000
  • Number of deals in 2024: 26
  • LinkedIn: business-finland

Business Finland is a public entity established in 2018 that supports Finnish companies in their growth and internationalization efforts. It offers funding, consulting services, and market opportunities to help businesses innovate and succeed in global markets. Recently, Business Finland has been involved in several transactions that highlight its focus on sustainability and environmental innovation. For instance, it provided a grant to Betolar Plc for extensive research and development of alternative side streams, which is crucial for promoting sustainable practices. Other transactions include grants to companies like Resistomap and Kuva Space, which may also have environmental implications. Overall, Business Finland plays a significant role in promoting trade, tourism, and foreign investment in Finland, with a notable emphasis on supporting environmentally focused initiatives.


7. Pale blue dot

  • Website: paleblue.vc
  • Type: Venture Capital
  • Headquarters: Malmo, Skåne, Sweden
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: palebluedot-vc

Pale Blue Dot is a venture capital firm based in Malmo, Skåne, Sweden, founded in 2020. The firm specializes in investing in early-stage startups that are focused on climate change solutions, providing both funding and support to visionary founders. Their portfolio includes a diverse range of companies emphasizing sustainability and innovation. Notably, Pale Blue Dot has invested in Nala Earth, a Nature Tech company that helps businesses measure and report their impact on biodiversity, which is increasingly important in the context of environmental consulting. They also led a €3.5 million seed investment in Improvin', a company developing a sustainability performance platform aimed at enhancing sustainability practices across various sectors. Additionally, they have supported Pivotal Future Ltd., which focuses on biodiversity measurement, further solidifying their commitment to environmental consulting and sustainability initiatives.


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 that provide business guidance, financing, and community networking. With a model that emphasizes active ownership and investment in startups, they help these companies scale and succeed in the market. Notably, Chalmers Ventures has been involved in several transactions relevant to environmental consulting, including their investment in Adsorbi, a startup specializing in air purification materials. This investment, along with their support for Mimbly, which focuses on sustainable water solutions, highlights their commitment to fostering technologies that address environmental challenges.


9. Kompas Vc

  • Website: kompas.vc
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: kompasvc

KOMPAS is a venture capital firm based in Copenhagen, Denmark, founded in 2021. The firm specializes in funding innovative technologies within the building and manufacturing industries, with a mission to support entrepreneurs who aim to decarbonize and digitally transform these sectors. KOMPAS invests in sustainable materials and climate technology, providing essential capital and expertise to help startups grow. Notably, they have been involved in several transactions relevant to environmental consulting, including their lead investment in Vizcab, which raised €5M in Series A funding to develop a SaaS platform for calculating Life Cycle Assessment (LCA) of construction projects. This investment highlights their commitment to supporting tools that assess and improve environmental impact. Additionally, their involvement with Nala Earth and Viridian Analytics further demonstrates their focus on sustainability and environmental solutions.


10. HitecVision

  • Website: hitecvision.com
  • Type: Private Equity
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • LinkedIn: hitecvision

HitecVision is a private equity investment firm based in Stavanger, Rogaland, Norway, founded in 1985. The firm specializes in the European energy sector, focusing on providing institutional capital to energy production and infrastructure projects. HitecVision emphasizes sustainability and the energy transition, managing private equity funds and partnering with various stakeholders to drive growth in renewable energy and related industries. Notable transactions include the acquisition of Global Maritime in 2012, which operates in the maritime services sector, and CapeOmega in 2014, which is involved in energy infrastructure. These transactions highlight HitecVision's commitment to investing in companies that support sustainable energy practices, making them a relevant player in the environmental consulting landscape.


11. Dnv

  • Website: dnv.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: dnvgl

Det Norske Veritas (DNV) is a corporate consulting firm based in Oslo, Norway, founded in 1865. With over 10,000 employees, DNV provides a wide range of services including advisory, certification, classification, and cyber security across various industries such as maritime, oil and gas, and renewable energy. In recent years, DNV has actively expanded its footprint in the environmental consulting sector through strategic acquisitions. Notably, in July 2023, DNV acquired Enviroguide Consulting, enhancing its advisory capabilities in environmental matters. Furthermore, in April 2024, DNV gained full ownership of Ocean Ecology, a UK-based firm specializing in marine ecological services, further solidifying its position in the environmental consulting market. These acquisitions reflect DNV's commitment to providing comprehensive environmental consulting services to its clients, particularly in the context of compliance and risk management in the renewable energy sector.


12. Norvestor

  • Website: norvestor.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1989
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: norvestor-equity-as

Norvestor is a private equity firm based in Oslo, Norway, founded in 1989. The firm specializes in investment management and advisory services, focusing on partnering with medium-sized Nordic businesses to support their growth and development. Norvestor places a strong emphasis on sustainability, investing in various sectors, including IT services and property maintenance, to enhance operational efficiency and market presence. Notably, Norvestor has made significant acquisitions in the environmental sector, including Sortera, which was acquired in 2012 and is likely involved in waste management and recycling services. In 2024, Norvestor is set to acquire Serwent, a company with substantial annual revenues, which may also contribute to environmental consulting efforts. Other acquisitions, such as Nomor AB and the Pinja group, further demonstrate Norvestor's strategy of investing in companies that can drive sustainable practices and digital transformation, potentially impacting the environmental consulting landscape.


13. 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 providing consulting services across various sectors, including technology and consumer products, with a strong emphasis on enhancing operational efficiency and sustainable growth. Altor has been involved in several significant transactions that reflect its commitment to sustainability and the green transition. For instance, their acquisition of VTU Group GmbH, a leading process engineering company in the Life Sciences and Green Transition sectors, highlights their focus on investing in companies that contribute to environmental sustainability. Additionally, their investment in Kommunalkredit Austria AG, a sustainable infrastructure bank, underscores their strategy to support growth in environmentally responsible sectors. These transactions illustrate Altor's dedication to fostering sustainable business practices while pursuing tailored investment strategies and digital transformation solutions.


14. Innovation Norway


Innovation Norway is a public entity established in 2004, based in Oslo, Norway, that supports Norwegian businesses through financing, advisory services, and networking opportunities. They focus on fostering innovation and sustainable growth, particularly for startups and companies aiming for international expansion. Their services include grants, loans, and various business development programs. In recent transactions, Innovation Norway has provided significant financial support through grants to companies like Aker Horizons, which raised over $7.6 million in grants in June 2023, and Intoto, which received multiple grants totaling over $600,000 from 2019 to 2022. These transactions suggest a focus on supporting businesses that may be involved in environmental initiatives, aligning with the goals of environmental consulting.



Environmental Consulting Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
KatapultOslo, Oslo, Norway11-5020178
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
EquinorStavanger, Rogaland, Norway10001+19726
AfryStockholm, Stockholm, Sweden10001+18951
Business FinlandHelsinki, Uusimaa, Finland501-1000201826
Pale blue dotMalmo, Skåne, Sweden1-1020209
Chalmers VenturesSweden11-50201526
Kompas VcCopenhagen, Denmark11-5020217
HitecVisionStavanger, Rogaland, Norway51-20019850
DnvOslo, Oslo, Norway10001+18654
NorvestorOslo, Oslo, Norway11-5019893
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
Innovation NorwayOslo, Oslo, Norway501-100020048


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