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Check out the 25 most innovative startups tackling climate change in Europe, handpicked by top VCs on the continent | Markets Insider

Skeleton Technologies cofounders Taavi Madiberk and Oliver Ahlberg Handout Throughout Europe, entrepreneurs and investors alike are taking ste……



Climate change is real and tech startups are trying to rise to the challenge of stopping it. 

Across Europe, investors and startups are making strides into more environmentally impactful projects. According to PwC, venture capital investment into “climate tech” grew at almost five times the rate of the overall global VC market between 2013 and 2019.

A number of venture capital funds in Europe, including Northzone, Earlybird, and HV Holtzbrinck Ventures, recently signed up to Berlin-based Leaders for Climate Action. The initiative sets out terms of a green pledge for startups within the project and a “sustainability clause” within the term sheets provided by VCs. 

Business Insider asked a number of notable investors in the cleantech space to provide their picks of companies addressing climate change to watch in 2020. 


Cited by: Paddy Padmanathan, investor, president and CEO of ACWA Power

In the ACWA portfolio? Yes

What it does: “Desolenator is the world’s first truly sustainable water purification system, powered by solar energy, to provide safe drinking water at scale, low cost, and with low environmental impact.” 

Why it’s hot in 2020: “What really excites me about Desolenator is its potential to address a much ignored major global issue, water scarcity, in such an impactful and environmentally friendly way.

“Not only is Desolenator the first net zero water purification system, it offers a cost-competitive solution for the unserved two billion+ people who walk to collect dirty water and for corporates to take action to address the critical potable water challenges they face, while improving the health, wealth and happiness of these forgotten members of our family at large.” 

Getty Images

In the ACWA portfolio? No

Total raised: $110 million

What it does: “Energy Vault, a competitive energy storage solution that will increase the dispatch-ability and reliability of solar and wind energy to overcome the current limitations imposed by resource variability and cost prohibitive lithium-ion battery.”

Why it’s hot in 2020: “Energy Vault has the potential to revolutionize the scale and use of solar and wind energy by addressing the energy storage challenge without harming the environment thus contributing in a fundamental way to accelerate the much needed de-carbonization of energy we consume.”

Cited by: Tomas Kemtys, from Contrarian Ventures

In the Contrarian portfolio? Yes

Total raised: $5 million

What it does: “Based in Norway, CHOOOSE is offering impactful climate solutions and carbon offsetting for businesses and individuals.”


Cited by: Tomas Kemtys, from Contrarian Ventures

In the Contrarian portfolio? No

Total raised: $2 million 

Why it’s hot in 2020: “By facilitating the green PPA marketplace, Zeigo pushes for wider PPA and renewable energy adoption. Zeigo’s offering helps corporates meet net-zero emission targets cheaper and easier.”


Cited by: Yrjö Ojasaar, from Change Ventures

In the Change portfolio? Yes

What it does: “Timbeter is a precision forestry platform for the digitizing (tagging, measuring, sourcing, tracking and tracing) of industrial timber. Timbeter makes the forestry industry more efficient and therefore more profitable but also more sustainable.”

Why it’s hot in 2020: “Customers are using Timbeter to trace logs throughout the value chain from the forest all the to the processing facilities. The mobile phone app eliminates human error, fraud and inefficiency in manual counting, measuring and reporting of timber assets.

“Timbeter is the only way to objectively measure and certify compliance with sustainable forest management practices on a global scale.”


In the Change portfolio? No

Total raised: $102 million

What it does: “Skeleton works with some of the largest companies in the world to decrease CO2 emissions and fuel consumption, improve power quality, and protect equipment and infrastructure from power peaks, and to power electrification to fight climate change.”

Why it’s hot in 2020: “Listed in the top 100 companies four years in a row by Global Cleantech 100, Skeleton just raised €41M Series D round of financing (one of the top five funding rounds for the cleantech sector in the EU this year).”

Cited by: Patrick Sheehan, founder and partner, ETF Partners

In the ETF portfolio? Yes

Total raised: $3.5 million

What it does: “Germany-based Tomorrow is the world’s first sustainable mobile banking provider … Simply put, Climeworks’ technology extracts carbon dioxide directly from the air. This is a significant milestone in the move to reduce, recycle, or removed CO2 from the air economically and at scale.” 


Cited by: Patrick Sheehan, founder and partner, ETF Partners

In the ETF portfolio? No

Total raised: Undisclosed

Why it’s hot in 2020: “I am a huge fan of the company and its ambitious goals … The CEO, Jan Wurzbacher, is a visionary, and he has the potential to deliver game-changing technology to solve one of the most pressing environmental problems.”


Cited by: Maria Wagner, investment director at Beringea

In the Beringea portfolio? No

What it does: “BYBI is a skincare and beauty brand founded by Elsie Rutterford and Dominika Minarovic in 2017. Elsie and Dominika established BYBI to create a cosmetics business that could lead the clean revolution in the beauty industry without compromising on quality products.”

Why it’s hot in 2020: “BYBI has sought to show the path ahead for the cosmetics industry — currently a substantial contributor to global pollution — by committing to be a net zero carbon brand by the end of 2020. This means it will achieve carbon neutrality across its supply chain by carbon offsetting.”


Cited by: Maria Wagner, investment director at Beringea

Total raised: n/a

What it does: “Earthly was founded in 2020 by Oliver Bolton, a serial entrepreneur with years of expertise in carbon offsetting, to provide an effective and trusted platform for businesses to invest in natural climate solutions and become climate positive.”

Why it’s hot in 2020: “Earthly works with businesses including Garnier, The Body Shop and Planet Organic, helping them to invest in projects that protect, restore and re-establish crucial ecosystems like forests, peatlands, mangroves and seabeds. Each project is vetted by an independent scientific board and progress is monitored by satellite.”

Lettus Grow

In the Bethnal Green Ventures portfolio? Yes

Total raised: $4.5 million

What it does: LettUs Grow has built patent-pending aeroponics technology that uses up to 95% less water than traditional farming and increases growth rate by 70% compared to hydroponics. With aeroponics, there are no pesticides or harmful chemicals and no fertilizer runoff into waterways.

Why it’s hot in 2020: “With rapid population growth, and increasing extreme weather events that severely impact our food security, we need more innovation that guarantees we can provide affordable healthy food for everyone,” Sathianathan said. “Backed by Bethnal Green Ventures, ClearlySo, Longwall Ventures and others, they are helping farmers take the pressure off soils by using less land, and reduce food miles, carbon footprint, and food waste.”

Cited by: Dama Sathianathan, partner at Bethnal Green Ventures

In the Bethnal Green Ventures portfolio? No

Total raised: $1.5 million

What it does: SafetyNet Technologies designs products to encourage sustainable fishing practices.


Cited by: Jon Coker, founding partner at EKA Ventures

In the EKA Ventures portfolio? No

Total raised: $19 million

Why it’s hot in 2020: “I really like them because I think we need a better ownership model for high value, high impact assets,” Coker said. “I really like Raylo’s approach because they can own the phone and rent it out to three or four users across its life and then recycle it effectively at the end. Giving people great value at every stage of the process and totally optimizing the resources that go in to a phone.”


Cited by: Jon Coker, founding partner at EKA Ventures

In the EKA Ventures portfolio? No

What it does: Circulor uses blockchain and AI to cut the cost of traceability and due diligence in raw materials supply chains.

Why it’s hot in 2020: “I love what Circulor are doing because if we are going to transition to electric vehicles without trashing the environment in another way (ie through the battery supply chain) then we will need proper traceability and that’s what they are doing,” Coker said. “We have seen quite a few businesses try to build this kind of supply chain software but they are the only ones I have seen get real traction.”


Cited by: Andrew J Scott, general partner at 7percent Ventures

Total raised: $7 million

What it does: “London-based Notpla offers an alternative to single-use plastic in food and drink packaging.”

Why it’s hot in 2020: “Human-made trash is destroying our society. Notpla make packaging solutions made from seaweed and plants that disappear, naturally. Our future has to be only packaging which will biodegrade fast, or which is re-used infinitely.”


In the 7percent portfolio? Yes

Total raised: $2.65 million 

What it does: “They’ve created an easy-to-use app which enables anyone to invest into a sustainability-friendly portfolio of companies. It’s simple: customers now have the chance to save money, make money, and save the planet.”

Why it’s hot in 2020: “Clim8 is ‘hot’ because climate change is the world’s biggest problem EVER, a problem rapidly approaching a point of no return. Clim8 has an opportunity to make an impact at scale.”

Cited by: Antoine Poirson, partner at early stage VC investor Antler

In the Antler portfolio? Yes

Total raised: $890,000

What it does: “Consumers are becoming increasingly conscious about the environment, and are on the lookout for action they can take to limit their own negative impact. Yayzy is building a product that users love, which helps them understand their personal impact, and make the right actions to reduce negative outcomes. 


Cited by: Antoine Poirson, partner at early stage VC investor Antler, and Marie-Helene Ametsreiter, lead partner for industrial tech at Speedinvest

In the Antler portfolio? No

In the Speedinvest portfolio? Yes

What it does: “A problem with recycling is the inefficiency of the ‘sorting’ process itself, which is still quite manual, and not efficient enough when automated,” says Poirson. “Greyparrot solves this by using the latest computer vision technology to automate the sorting of our trash, making it more efficient and affordable.”

Why it’s hot in 2020: “From a VC perspective, it is a perfect combination of tangible positive environmental impact and a huge and growing potential market, which is expected to reach $530bn by 2025,” says Ametsreiter.

Cited by: Marie-Helene Ametsreiter, lead partner for industrial tech at Speedinvest

Total raised: $916,000

What it does: “ provides corporations with an effective software solution to reduce administrative efforts by up to 90% — unlocking a large segment of customers that previously did not have the resources to initiate the transition to alternative energy sources themselves.”

Why it’s hot in 2020: “We particularly liked the strong validation of the pain point across different industries. In addition, the need for solutions in that space will only grow further with tightening regulations to ensure the achievement of carbon emission goals throughout the EU.”


In the True portfolio? Yes

Total raised: $3.4 million 

What it does: “The Emitwise team is building a platform that helps companies track and reduce their carbon emissions. This area of focus is especially important considering that more than 70 percent of the world’s greenhouse gas emissions can be attributed to 100 companies.”

Why it’s hot in 2020: “Becoming sustainable and reducing emissions will be a part of every company’s story, whether due to regulation and compliance or because consumers demand it and it’s the environmentally responsible thing to do. Compliance will be a large part of market growth while we work toward a zero-carbon future.” 

Cited by: Priscilla Tyler, senior associate at True Ventures

In the True portfolio? No

Total raised: $120,000

What it does: “ is building a platform that monitors the world’s natural resources. The goal is to empower people to make better, informed decisions that can help to mitigate climate change and protect against natural disasters.”


Cited by: Matus Maar, cofounder and managing partner at Talis Capital

In the Talis portfolio? Yes

Total raised: $400 million

Why it’s hot in 2020: “Historically, it’s been difficult to find sustainability startups that are commercially viable, but this is changing: Ynsect has raised more funding than the entire alternative insect protein sector globally. The alternative protein market is predicted to be worth $8bn by 2030, so needless to say, it’s a portfolio company that we’re very excited about!”


Cited by: Matus Maar, cofounder and managing partner at Talis Capital

In the Talis portfolio? No

What it does: “By placing micro-farms inside consumer-facing locations like supermarkets and restaurants, Infarm enables consumers to pick and purchase the freshest produce, virtually eliminating the lengthy supply chains that typically accompany these products.”

Why it’s hot in 2020: “It’s a revolutionary approach to farming and it’s one that I can really see appealing to increasingly eco-conscious city dwellers.”


Cited by: Rob Desborough, partner at Seraphim Capital’s Space Fund

Total raised: $200 million

What it does: “Weather disrupts 70% of businesses worldwide and costs more than $600 billion each year in the US alone. Climate change has a big impact on global business operations. Spire addresses these challenges and provides data and forecasts to help reduce operational risks and transform weather variability into a competitive advantage.”

Why it’s hot in 2020: “Their current five-day weather forecast they believe is more accurate than government agencies’ three-day forecast which provides a significant commercial advantage in areas like insurance and financial services.”


In the Seraphim portfolio? No

Total raised: Undisclosed 

What it does: “Sust has built a platform that addresses the last mile and provides real insight on climate risk built for the specific needs of asset managers within financial services. The end customer doesn’t need to build their own team of data scientists to interpret the data.”

Why it’s hot in 2020: “The team is uniquely positioned to do this given their expertise at some of the world’s leading Earth observation companies, such as Planet and Orbital Insight.”



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Annual Report and Sustainability Report 2021: New Wave Group AB

KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ — New Wave Group AB today published the Annual Report and Sustainability Report for 2020 on www.nwg….



KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ — New Wave Group AB today published the Annual Report and Sustainability Report for 2020 on

The printed version of the Annual Report and Sustainability Report can be ordered by email [email protected]

Gothenburg, Sweden, 14 April 2021

For more information, please contact:

Torsten Jansson
Phone: +46 31-712 89 01
E-mail: [email protected]

Lars Jönsson
Phone: +46 31-712 89 12
E-mail: [email protected]

This information is information that New Wave Group AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons detailed above, at 9:00 a.m. CET on 14 April 2021.

If you want to sign up for, or unregister from, future messages from New Wave Group, please send an email to [email protected]

This information was brought to you by Cision,c3324550

The following files are available for download:

Annual report 2020 (PDF)

Sustainability report 2020 (PDF)

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SOURCE New Wave Group

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Torsten Jansson
Phone: +46 31-712 89 01
E-mail: [email protected]



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Elon Musk’s Neuralink scientists are not the first to get a monkey to control a computer with its mind

Elon Musk. Britta Pedersen-Pool/Getty Images Elon Musk's Neuralink showed off its technology allowing a monkey to play video games with it…



GettyImages 1229892421Elon Musk.

Britta Pedersen-Pool/Getty Images

  • Elon Musk’s Neuralink showed off its technology allowing a monkey to play video games with its mind.
  • Scientists have been able to get monkeys to control computer cursors via neural interfaces since 2002.
  • It’s an important test of Neuralink’s technology, but not a revolutionary piece of science.
  • See more stories on Insider’s business page.

This week, Neuralink, a company founded by Elon Musk that specialises in neural interface technology, unveiled a fairly astonishing example of its work.

In a video released Thursday, the company showed off how far its come testing its technology on primates. In the video, a macaque monkey named Pager, which Neuralink claims has had a chip implanted in his brain for six weeks, is able to play video games like Pong purely via the chip. Playing the games correctly meant Pager was rewarded with a sip of banana smoothie.

This is, objectively, pretty amazing. As Musk put it in an excited tweet on Thursday: “A monkey is literally playing a video game telepathically using a brain chip!!”

Perhaps even more amazing: monkeys have been playing video games with their minds for almost 20 years.

“Brain-control of computer cursors by monkeys is not new,” Professor Andrew Jackson of the University of Newcastle told Insider, adding that the first comparable demonstrations of technology like Neuralink’s took place in 2002.

A group of researchers in 2002 were able to show they could get a monkey to move a cursor on a computer screen at will, noting at the time that the technology could be used to help paralyzed people control screens in a similar way.

Jackson added the idea behind the technology dates back as far as the 1960s. In 1969, a researcher called Eberhard Fetz connected a needle on a meter to a single neuron in a monkey’s brain, and was able to train the monkey to move that needle using only its brain activity.

Neuralink, which was founded in 2016, is developing a microchip, which theoretically, would be implanted in a person’s skull, from which wires would fan out into their brain. These wires would be able to record brain activity, as well as stimulate areas of the brain.

The idea is that these chips could help study and treat neurological diseases and conditions in the near term. In the long term, Musk says they form part of his ideal of a “symbiosis” between human consciousness and AI (although experts have frequently expressed skepticism about this part).

Musk has been hyping up the monkey for years – but neuroscientists haven’t been that impressed

Musk first gave the world a hint about Neuralink’s tests on monkeys during a streamed presentation of the company’s designs in 2019.

“A monkey has been able to control a computer with its brain, just FYI,” he said, appearing to take Neuralink president Max Kodak by surprise with the announcement. “The monkey’s going to come out of the bag,” Musk joked.

Andrew Hires, an assistant professor of neurobiology at the University of California, told Insider in 2019 that he was not surprised Neuralink had been able to achieve that result – and accurately predicted the kind of telepathic monkey computer-usage which Neuralink showed off in its video on Friday.

“The monkey is not surfing the internet. The monkey is probably moving a cursor to move a little ball to try to match a target,” Hires said. This pretty well exactly matches one of the games Pager was shown playing in the video released Thursday.

Musk started to hype up the monkey again earlier this year. “We’ve already got a monkey with a wireless implant in their skull … who can play video games using his mind,” he said during an interview on Clubhouse on January 31.

Musk is a canny marketer, and he’s very familiar with using his own peculiar brand of fame to merchandise and advertise his companies. It’s worth noting that at the end of the video with a call for people to apply for jobs at Neuralink – making for an ingenious recruitment strategy.

Neuralink is still doing new things, and the monkey is important

While neuroscientists have said the underlying science of getting a monkey to play video games with its mind is not revolutionary, they have praised the engineering of Neuralink’s wireless chip.

Speaking to Insider in September 2020 (following a presentation in which Neuralink showed off its technology working after being implanted in the brain of a pig) Professor Jackson said the development of any neural interface technology that doesn’t require wires to protrude out of the skin is a good thing, as it reduces the risk of infection.

“Just from a welfare aspect for the animals, I think if you can do experiments with something that doesn’t involve wires coming through the skin, that’s going to improve the welfare of animals,” he said, adding that further down the road it could have benefits for humans as well.

Elon Musk Neuralink pigsElon Musk showed off Neuralink’s tech in a pig in August 2020.

Neuralink YouTube

Responding to the video released on Thursday of Pager the monkey, Jackson said while it’s not earth-shattering, it is an important proof of concept.

“I certainly do not mean to criticise them for demonstrating something that has been done before. It is a sensible way to validate any new technology. If you invent a new telescope, it makes sense to first point it where you know what you will see. So they are following a very sensible route to validate their device,” Jackson said.

Rylie Green, a bioengineering researcher at Imperial College London, told Insider: “The best thing I can see from that video is that the macaque is freely moving. There’s also no visible package connected to it. I would say that is definitely progress – not super innovative but a nice positive step forward.”

This week, Neuralink, a company founded by Elon Musk that specialises in neural interface technology, unveiled a fairly astonishing example of its work.



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Fintel Connect Introduces Fintel Check, an AI-Powered Content Marketing Compliance Tool

VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering…



VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering for the financial services industry, Fintel Check, a regtech tool to help financial brands keep their content marketing compliant. More than 50+ financial brands and fintechs are already leveraging Fintel Connect’s technology to enhance their marketing through its performance marketing network and tracking and reporting capabilities. Fintel Check represents the latest in a product suite designed to ensure financial institutions and their partners can meet emerging regulatory requirements in their marketing.

Fintel Check is designed specifically for banks, financial institutions and fintechs to monitor their product and brand content and ensure that critical information like interest rates, terms and conditions, and more are accurately represented in marketing campaigns.

The financial services space is highly regulated, with brands required to abide by strict laws and policies that govern advertising and consumer protection. According to Deloitte’s survey on regulatory and compliance trends in 2021, 91% of responding financial institutions expect to increase their use of automation and analytics to address regulatory compliance issues. Recognizing the steep challenge to continuously manage this across all marketing partners and digital channels, the team at Fintel Connect developed its monitoring tool to give marketers a way to more easily manage campaigns over time and scale their marketing efforts safely.

“Financial institutions are looking to scale their digital growth, and a key friction point to achieving this is marketing compliance,” explains Nicky Senyard, CEO and Founder of Fintel Connect. “Fintel Check gives our partners the efficiency and transparency with their marketing efforts and content management in a way that cannot be achieved in-house. We take the friction points and heavy-lifting out of scaling digital partnerships.”

Fintel Check uses AI and proprietary machine-learning algorithms to monitor, identify and report a brand’s mentions from publisher partners. Built-in reports provide complete transparency on coverage, as well as automatic screenshots that are stored in the company’s secure database and can be retrieved for auditing purposes.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.

Plans are in place for the product’s next release in Q3 2021, which include added features such as custom compliance rules, expanded scanning capabilities, and more.

Banks, financial institutions, and fintechs that are interested can visit the website to learn more about Fintel Check or schedule a demo.

About Fintel Connect
Fintel Connect is a leading performance marketing company dedicated to serving the financial services and fintech space. Based in Vancouver, Canada, the team at Fintel Connect support a wide range of tier one banks, community banks and financial technology companies through its extensive network of publishers and fully scalable tracking and reporting technology.

If you’re:

Press and would like to connect, please contact Gilian Ortillan at 604.783.1724 or [email protected]
A merchant and would like to know more, visit
A publisher that would like to join our network, visit

Cision View original content to download multimedia:

SOURCE Fintel Connect

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.



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