Hexagon AB, a Stockholm, Sweden-based global leader in digital reality solutions combining sensor, software and autonomous technologies, announced a new venture capital arm of R-evolution, its sustainable innovation and green-tech investment subsidiary.
The R-ventures program aims to help the green-tech startup ecosystem accelerate its next breakthroughs through seed funding or in-kind technology from Hexagon’s portfolio.
Material Mapper, a Norwegian-based company, marked the program’s inaugural investment, targeting the transition to a circular economy in the buildings sector. Material Mapper focuses on digitalising construction sites for reusable materials – connecting decommissioning projects to new construction to increase building material reusability.
Considerations for R-ventures monetary investments or in-kind technology require green-tech startups to be in the pre-IPO funding stage, with an identified product and initial customer base. Seed investments typically range between 50kto 500k EUR. Additionally, R-evolution invites partners, private investors, accelerators, governments, and universities to increase visibility and outreach to startups.
Focus areas include renewable energy and storage, green hydrogen, carbon capture, plastic waste management, desalination, plant-based food, ecological monitoring, sustainable agriculture and circular economy transitions.
FinSMEs
25/09/2022