Course Corrected closes Fund II above SEK900 million
The Swedish venture fund will back early-stage energy and resource technology companies, with EIF, Saminvest and pension investors among its limited partners.
Course Corrected VC Fund II reached its final close above SEK900 million on November 11. The Stockholm-based fund invests in European companies developing technologies for the energy and resource transition.
Its limited partners include the European Investment Fund, Saminvest AB, SEB Life & Pension and SEB-Stiftelsen, alongside a Swedish foundation and private investors. The EIF anchored the fund with a commitment of up to SEK402.1 million announced in February 2025; Saminvest lists a SEK200 million pledge as of June 2026.
Managed by Course Corrected VC, Fund II plans to invest in 20 to 30 companies from pre-seed through Series A, with initial cheques of €500,000 to €2.5 million. Its themes cover energy systems, industrial optimisation, electrification and resource efficiency. Seven investments were already made by the final close, including battery storage developer Tavion, textile recycling company Renasens, digital identity business ecomID and industrial energy management company Skye.
Use of funds
Invest in early-stage European energy and resource technology companies