Kaisa Hietala spent 20 years at Neste working across oil exploration, crude trading, and the shift into renewable diesel, and her academic background in geophysics gives her investing a more scientific grounding than most venture investors have. She also stands out for seeing problems like carbon removal as questions of market infrastructure rather than just technology, a perspective shaped by her current board roles at large industrial companies like ExxonMobil and Smurfit Westrock alongside her startup investing.
About their Fund
Sectors
Climate, Energy, Transportation, SaaS, AI
Rounds
Seed - Series A
Avg Check Size
up to €5M
Notable Investments
Greencode Ventures is a digital-first climate venture fund that prioritizes software already delivering real climate impact today rather than long-term moonshot bets, led by founders with deep energy and industrial experience—Terhi Vapola, who founded Helen Ventures and made over 40 investments, and Kaisa Hietala, who helped drive Neste's shift to renewable products, a transformation recognized by Harvard Business Review. The fund backs infrastructure software for decarbonization, such as satellite monitoring, grid mapping, industrial procurement transparency, and carbon-removal marketplaces, and is best suited for startups working on market-structure or industry-navigation problems within Europe's energy and industrial transition.
Other partners at the fund
Notable Fund
Investments
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Sheets they're Fund is in
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