Course Corrected Closes €80Mn Fund II to Invest in European Energy and Resource Transition Startups

The European Investment Fund (EIF) is the main investor in the fund, contributing €35 million. The fund has also received backing from several European public institutions and pension investors.

Other investors include Saminvest, a Swedish state-owned investment company, pension investors SEB Life & Pension and SEB-Stiftelsen, a Swedish foundation and several private investors.

“Europe has the research, the technology, the founders and the markets. But who will own the next generation of industry if we do not finance the companies building it?” asks Ahlstrand, founder and General Partner at Course Corrected.

“We believe Europe has the talent and innovation needed to lead the energy transition. Course Corrected combines a strong team, a focused strategy and access to companies addressing some of the region’s most important challenges,” said Pontus Bergekrans, CIO at SEB Life & Pension AB.

“We invest to generate strong financial returns. Impact is how we get there: by backing juggernauts that solve real problems, scale commercially, and transform industries for the better,” said Kerstin Cooley, founder and General Partner at Course Corrected.

Course Corrected was founded in 2021 by Christine Ahlstrand, Kerstin Cooley and Katja Bergman. All three founding partners have experience in building companies, running businesses, investing and investment banking.

The firm focuses on startups that offer practical solutions to energy and resource challenges. It looks for businesses that can succeed commercially rather than those relying only on their environmental benefits.

Course Corrected believes that companies can reduce resource use while building stronger and more profitable businesses.

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