Stockholm-based Course Corrected closed its second fund with €80 million in commitments. The venture firm backs early-stage European technology companies in the energy and resource transition. The European Investment Fund committed €35 million, with additional backing from Saminvest, SEB Life & Pension, SEB-Stiftelsen, a Swedish foundation, and private investors.
Where the fund invests
Fund II will back 20 to 30 companies. Its focus areas include energy systems, industrial optimization and automation, electrification, and resource-smart solutions. Seven investments have been made so far, including Tavion, Renasens, eComID, and Skye.
Pension gap
Pension capital remains underrepresented in European venture. From 2015 to 2025, pension funds accounted for 10% of venture capital commitments by EU-based investors, compared with 36% among US investors. The European Commission proposed reforms in November 2025 to make equity investing easier for pension funds.
Firm background
Course Corrected was founded in 2021. Founding partners are Christine Ahlstrand, Kerstin Cooley, and Katja Bergman. Fund II builds on the firm's first fund, which focused entirely on climate tech.
Course Corrected invests from Pre-Seed to Series A. Initial investments range from €0.5 million to €2.5 million. Fund II will invest only in European companies.