The green building materials industry in Benelux focuses on environmentally friendly products and sustainable construction practices. This fast-growing sector includes startups and established companies that innovate in areas like insulation, renewable energy integration, and recycled materials for safe housing. Notable developments involve bio-based materials and technologies aimed at reducing carbon footprints. With increasing building regulations emphasizing sustainability, companies here are stepping up efforts to provide solutions that align with global climate goals. In addition, consumers' growing demand for environmentally responsible materials is driving investments, signaling a shift towards a more sustainable future.


This list features a mix of venture capital, private equity, and corporate investors, predominately based in North Holland and Luxembourg. Established between 1958 and 2021, their scopes range from small firms with fewer than 10 employees to large organizations managing thousands. In 2024, they collectively engaged in 359 deals, highlighting robust activity in sustainable financing. Each investor plays a unique role in shaping the green building materials market, financing innovative startups and established firms to push sustainable practices.


Top 17 Green Building Materials Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has been involved in several transactions relevant to the green building materials context, such as grants awarded to Materrup, which raised $2,513,080 for its innovative solutions, and Woodoo, which received $676,328. These investments highlight the EIC's commitment to supporting sustainable innovation, making it a potential contributor to the green building materials industry.


2. European Investment Bank (EIB)


The European Investment Bank (EIB), founded in 1958 and based in Luxembourg, is a public entity that provides financial services such as loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2024, EIB was involved in several significant transactions that highlight its commitment to sustainability. For instance, it provided a EUR 435 million loan to Stora Enso to support the growth of renewable, fiber-based consumer packaging board, which is relevant to the green building materials sector. Additionally, EIB participated in debt financing for Gropyus, a company likely focused on innovative building solutions, and UP Catalyst, which may also be involved in sustainable building practices. These transactions demonstrate EIB's active role in financing initiatives that promote sustainable growth and job creation, particularly in the context of green building materials.


3. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. They provide a marketplace for energy solutions, training programs, and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to address the challenges of energy transition and sustainability. Notably, they have participated in several funding rounds for companies like Woon Duurzaam, which raised significant amounts in seed funding to promote sustainable housing solutions. Their involvement in these transactions highlights their interest in supporting innovations that contribute to sustainable building practices, making them a relevant player in the green building materials sector.


4. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. It specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC aims to deliver sustainable value and growth through strategic investments. Notably, CVC has made significant acquisitions in the building materials sector, including the acquisition of Neolith Group, a sintered-stone manufacturer, which aligns with sustainable building practices. This acquisition highlights CVC's interest in companies that contribute to green building materials. Additionally, CVC's acquisition of Stark Group, which operates in the construction materials sector, further emphasizes their engagement in industries related to building materials, although the specific focus on sustainability in these transactions is less clear.


5. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg, specializing in private equity and credit investments in European mid-market businesses. The firm focuses on sectors such as Business Services, Industrial Tech, and Healthcare, providing operational expertise and capital to help companies unlock their full potential. Notably, Triton has made significant acquisitions in the building materials sector, including Kährs Group, which specializes in sustainable flooring solutions, and Kampa, a company involved in construction. Their recent acquisition of VolkerWessels, a major player in construction and real estate, further emphasizes their commitment to sectors that can contribute to green building initiatives. Triton Partners aims to partner with management teams to address challenges and drive growth, which may include enhancing sustainability practices within their portfolio companies.


6. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, founded in 2020, that focuses on financing sustainable and innovative projects in the Netherlands. They support entrepreneurs with promising plans for societal transitions, particularly in energy and technology sectors. In 2022, Invest-NL participated in a funding round for Exasun, which raised €9 million to build a new PV assembly line, indicating their interest in renewable energy solutions that can be integrated into building materials. In 2024, they invested in Paques Biomaterials, which raised over $15 million in a seed round, suggesting a focus on sustainable materials. Additionally, they invested €14.5 million in HyET Solar to scale up production capacity, further emphasizing their commitment to sustainable technologies. Their diverse portfolio includes investments in companies like Fairphone, which aims to improve sustainability in consumer electronics, showcasing their broader impact investment strategy.


7. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. Rockstart's business model emphasizes supporting purpose-driven entrepreneurs to drive positive change. Notably, they have invested in Finch Buildings, a company focused on sustainable construction, and Clairify, which specializes in indoor air quality solutions. These investments highlight Rockstart's engagement with startups that contribute to the green building materials industry, showcasing their commitment to sustainability and innovation in building practices.


8. Astanor

  • Website: astanor.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 10
  • LinkedIn: astanor-venture

Astanor is an impact investment firm based in Luxembourg, founded in 2017, that focuses on the agrifood tech sector. They support innovative companies aiming to create sustainable food systems through strategic guidance and investment. Astanor has been involved in several notable transactions that align with sustainability and green materials. For instance, they participated in a $130 million Series C funding round for Modern Meadow, a company that develops bio-based materials, which could be relevant to the green building materials sector. Additionally, Astanor led a €15 million Series A funding round for Calyxia, a startup that has developed biodegradable microcapsule technology to mitigate harmful microplastics, showcasing their commitment to sustainability. Their investment in Mi Terro, which processes agricultural waste into proteins as a plastic replacement, further emphasizes their focus on innovative solutions that can impact various industries, including building materials.


9. SHIFT Invest

  • Website: shiftinvest.com
  • Type: Venture Capital
  • Headquarters: Amstelveen, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: shift-invest

SHIFT Invest is a venture capital fund based in Amstelveen, North Holland, Netherlands, founded in 2009. The firm specializes in impact investing, focusing on innovative enterprises with significant environmental impact potential. They provide funding and support to early-stage companies across various sectors, including energy transition, smart food & agriculture, and sustainable mobility. Notably, SHIFT Invest has made several investments relevant to green building materials, such as FoamPlant, which has developed a biodegradable horticultural foam substrate called Growfoam, and Vertoro, which is working on bio-based materials through its patented Goldilocks® liquid lignin technology. Additionally, their investment in Magneto, which has created a sustainable alternative for cooling systems, showcases their commitment to supporting innovations that can contribute to sustainable building practices. Overall, SHIFT Invest aims to contribute to sustainability by helping entrepreneurs scale their businesses effectively.


10. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, was founded in 2021 and specializes in acquiring and managing companies in transition. The firm provides operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has been involved in several acquisitions, including the recent acquisition of Greenview Group Holdings Ltd, which may have implications for the green building materials sector. Additionally, Mutares acquired Permasteelisa España, a company that could be linked to construction and building materials, as it is part of the Permasteelisa Group, known for its work in architectural envelopes. However, the firm’s primary focus remains on strategic investments and turnaround management across a broad range of industries, which may dilute its relevance to the green building materials sector.


11. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in the Brabant region by providing funding, expertise, and networking opportunities to enhance business growth. In 2024, BOM has made 10 investments, reflecting its active role in fostering innovation. Among its notable transactions, BOM has invested in companies like Cellcius, which focuses on developing heat battery technology, showcasing its commitment to sustainable energy solutions. Additionally, BOM has been involved with Sustonable, a company that raised funds for sustainable initiatives, and Rodenburg Biopolymers, which aligns with the growing demand for sustainable materials. These investments highlight BOM's focus on supporting innovative companies that contribute to sustainability, making it a relevant player in the green building materials sector.


12. Rubio Impact Ventures


Rubio Impact Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2014. The firm specializes in impact investing, providing growth capital and strategic support to entrepreneurs addressing significant social and environmental challenges. Their investment areas include clean energy, mental health, and education, emphasizing collaboration with portfolio companies. Notably, Rubio Impact Ventures has participated in transactions such as Black Bear Carbon, which focuses on carbon capture and recycling, and Arborea, which is involved in sustainable technology. These investments reflect their commitment to supporting innovative solutions that can contribute to environmental sustainability, making them a potential player in the green building materials sector.


13. Capricorn Partners


Capricorn Partners is an investment management firm based in Leuven, Flanders, Belgium, specializing in venture capital, growth capital, and quoted equity funds. Founded in 1993, the firm focuses on innovative companies across various sectors, including digital technologies, health, and clean technologies. Their commitment to responsible investing aims to create both financial returns and strategic value for their clients. Notably, Capricorn Partners has invested in Econic Technologies, which is involved in developing sustainable materials, and FRX Innovations, known for its advancements in polymer technologies that can be applied in green building contexts. These transactions highlight their engagement in sectors that contribute to sustainability and innovation in materials, reinforcing their relevance in the green building materials industry.


14. AkzoNobel

  • Website: akzonobel.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1792
  • Headcount: 10001+
  • LinkedIn: akzonobel

AkzoNobel N.V. is a prominent manufacturer of paints and coatings, founded in 1792 and headquartered in Amsterdam, Netherlands. The company operates in over 150 countries, providing innovative and sustainable solutions for both industrial and consumer markets. AkzoNobel serves a diverse customer base, including businesses in the construction and automotive industries, as well as individual consumers. With a strong emphasis on sustainability, AkzoNobel has made several strategic acquisitions to enhance its product offerings. Notably, the acquisition of Stahl Performance Powder Coatings in September 2020 has strengthened their position in sustainable solutions for wood coatings, which is relevant to the green building materials sector. Other acquisitions, such as the alloy wheel liquid coatings business of Lankwitzer Lackfabrik GmbH and VPowdertech, further demonstrate their commitment to expanding their portfolio in innovative coatings, which can contribute to sustainable building practices.


15. Pdenh


Participatiefonds Duurzame Economie Noord-Holland (PDENH) is a not-for-profit organization based in Haarlem, North Holland, founded in 2014. It focuses on promoting sustainable economic development by investing in innovative projects and providing financing and advisory services to companies that contribute to a sustainable and circular economy. PDENH collaborates with various partners to stimulate sustainable business activities in the region. Notably, PDENH has participated in funding rounds for companies like ChainCraft, which raised EUR 11 million to develop an industrial scale plant for sustainable production, and Triple Solar, which is expanding its production capacity for energy-efficient products. These transactions highlight PDENH's commitment to supporting initiatives that align with green building materials and sustainable practices.


16. Triodos Bank

  • Website: triodos.com
  • Type: Venture Capital
  • Headquarters: Driebergen-Rijsenburg, Utrecht, Netherlands
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: triodos-bank

Triodos Bank N.V. is a public entity operating as an ethical bank focused on sustainable finance, founded in 1980 and based in Driebergen-Rijsenburg, Utrecht, Netherlands. The bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align their financial activities with ethical and sustainable practices. Triodos Bank operates in multiple European countries, promoting transparency and positive impact in the banking sector. Notably, Triodos Bank has been involved in various transactions that reflect its commitment to sustainability. For example, it participated in a funding round for Sistema.bio, which raised $12 million to develop affordable bio-gas equipment, enhancing environmental sustainability in agriculture. Additionally, Triodos Bank was part of the funding round for Tipa, a company focused on compostable packaging solutions, raising $25 million to expand its sustainable product offerings. These investments highlight Triodos Bank's alignment with sustainable practices, making it a relevant player in the green investment landscape.


17. ABN AMRO Clearing Bank

  • Website: abnamro.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 501-1000
  • Number of deals in 2024: 19
  • LinkedIn: abn-amro-clearing-bank-n-v-

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, is a banking institution that provides a range of financial services including personal banking, business banking, and investment management. The bank has been active in various sectors, including renewable energy and sustainability. In 2024, they participated in significant debt financing transactions, such as BNZ Energy and Verkor, which focus on energy solutions. They also supported Low Carbon, which raised substantial funds for sustainable initiatives. Notably, their investment in PeelPioneers, a company dedicated to recycling citrus peels into useful raw materials, showcases their commitment to sustainability and innovative resource management. This diverse portfolio reflects their engagement in sectors that align with green principles, although their primary focus appears to be on energy rather than specifically on green building materials.



Green Building Materials Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
CvcLuxembourg1001-5000200516
Triton PartnersLuxembourg201-50019976
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
RockstartAmsterdam, North Holland, Netherlands11-50201116
AstanorLuxembourg11-50201710
SHIFT InvestAmstelveen, North Holland, Netherlands11-5020094
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
Rubio Impact VenturesAmsterdam, North Holland, Netherlands1-10201413
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
AkzoNobelAmsterdam, North Holland, Netherlands10001+17920
PdenhHaarlem, North Holland, Netherlands1-1020142
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
ABN AMRO Clearing BankAmsterdam, North Holland, Netherlands501-1000198219


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