2150

The three co-founders — Christian Hernandez Gallardo, Jacob Bro, and Mikkel Bülow-Lehnsby — collectively drive investment decisions. Hernandez brings big-tech operating and investing experience from Facebook and White Star Capital; Bro has a background in sustainability consulting and venture building; Bülow-Lehnsby is the founder of NREP, a multi-billion-euro real-asset platform, which gives the partnership direct visibility into real-world built-environment demand.

The firm's sourcing advantage derives largely from Mikkel Bülow-Lehnsby's NREP network. NREP owns and operates billions of dollars of real assets across the Nordics and continental Europe, providing early insight into the pain points a new material or building-technology product must solve. Combined with the broader partners' networks in European and North American technology, this allows 2150 to see deals through both a venture and a real-asset operator lens — an overlap that few pure tech investors possess.

2150 invests from Seed through Series B in companies whose technologies can each abate at least one gigaton of CO2 equivalent annually. The firm concentrates on the 'urban stack' — the materials, energy systems, construction methods and operational software that determine the built environment's carbon footprint. Portfolio companies span low-carbon concrete, residential energy retrofits, mass timber, grid-edge flexibility, and infrastructure-project analytics.

2150 is structured as an independent venture capital firm, not a family office or corporate vehicle. Its anchor LP in the first fund was NREP, the real-asset platform co-founded by partner Mikkel Bülow-Lehnsby, alongside institutional investors including the European Investment Fund and Chr. Augustinus Fabrikker. The firm makes fund-based commitments and takes standard VC-style board positions in its portfolio companies.

2150 reserves capital for follow-on investments in breakout companies, consistent with high-conviction venture investing. The firm targets roughly 20 portfolio companies per fund, which allows meaningful reserves for doubling down on top performers through later Series B and select growth rounds. Specific follow-on deployment figures are not publicly disclosed.

2150 invests in climate technology within the built environment, targeting concrete and steel decarbonization, building energy efficiency, heat-pump and solar deployment, grid-flexibility software, mass timber, and infrastructure analytics. The firm explicitly eschews consumer software, general SaaS, fintech, and biotech — its lens is physical-world decarbonization where both the emissions footprint and the addressable market are at gigaton scale.

NREP is the Nordic real-asset platform co-founded and led by Mikkel Bülow-Lehnsby, who is also a co-founder of 2150. NREP anchored 2150's first fund as a significant LP, providing the firm with institutional credibility and a direct demand-side view into the built environment. The two entities are legally separate: 2150 is a regulated venture capital fund manager, while NREP remains an independently managed real-estate operator and developer.