# Statkraft Ventures

Statkraft Ventures is a Venture Capital based in Dusseldorf, Germany.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Dusseldorf, Germany
- **Region:** Europe
- **Address:** Dusseldorf, Germany
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.statkraftventures.com
- **LinkedIn:** https://www.linkedin.com/company/statkraft-ventures

## Regulatory record

- **Reports private funds:** No

## About

Statkraft Ventures is a venture capital firm founded in 2015 in Dusseldorf, Germany. It invests in early and growth stage software and hardware start-ups in renewable energy and climate technology. Statkraft Ventures has made 50 investments, including a Series B - III investment in Hydrosat on January 15, 2026.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Mobility & Transportation
- Industrial Tech
- AI/ML

## People

- Thor Olav Thorsnes Egeland — Managing Director
- Alexander Küppers — Investment Director
- Torgunn Oldeide — Investment Director
- Stefan Hülsen — Investment Director
- Lars Odin Mellemseter — Investment Director
- Steffen Funck — Investment Director
- Cengiz Polat — Ventures CFO

## Questions

### Who runs investment decisions at Statkraft Ventures?

Thor Olav Thorsnes Egeland serves as Managing Director. He leads a team of six Investment Directors — Alexander Küppers, Torgunn Oldeide, Stefan Hülsen, Lars Odin Mellemseter, and Steffen Funck — plus CFO Cengiz Polat, per the firm's website.

### How is Statkraft Ventures structured relative to its parent, Statkraft?

The firm operates as an autonomous venture arm rather than a traditional corporate venture capital unit focused on strategic acquisitions. While fully backed by Statkraft, Europe's largest renewable energy producer, the fund invests in independent startups with the goal of scaling standalone businesses, not procuring in-house technology. This provides portfolio companies access to deep energy domain expertise without obligating them to integrate with the parent.

### Does Statkraft Ventures invest in both software and hardware?

Yes. The firm's two funds — an international vehicle and a Norway-focused fund — are each described as software- and hardware-focused, per the firm's website. This dual capacity allows the team to evaluate business models across physical infrastructure, industrial technology, and digital platforms within climate and energy.

### Which geographies does Statkraft Ventures cover?

The international fund invests across Europe and North America, while a separate dedicated fund targets seed and growth-stage companies in Norway. The parent company's Nordic utility base and European renewable asset portfolio provide additional market intelligence in those regions.

### What investment stages does Statkraft Ventures target?

The firm deploys across seed, early-stage, and growth-stage startups. The Norway fund focuses on seed and growth, while the international fund's mandate spans early and growth stages, allowing Statkraft Ventures to support companies from initial commercial validation through later scaling phases.

## Related profiles

- [Station Partners](https://altss.com/profile/station-partners)
- [Staton Capital](https://altss.com/profile/staton-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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