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Corporate Venture

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Investments

7

Portfolio Exits

1

About Yara Growth Ventures

Yara Growth Ventures is the corporate venture capital fund of fertilizer business Yara.

Yara Growth Ventures Headquarter Location

Drammensveien 131

Oslo, 0277,

Norway

+47-90-50-84-00

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Latest Yara Growth Ventures News

Yara's Venture Company Invests In Hydrogen Mem-Tech

May 16, 2022

Yara Growth Ventures is one of five major international heavyweights that is investing NOK 170 million in the Norwegian technology company Hydrogen Mem-Tech. With fresh capital, the Trondheim company can facilitate significant growth in the coming years. "Hydrogen Mem-Tech has exciting technology that has been developed in Norway. We believe this technology will be able to trigger new Norwegian industry and help increase the use of hydrogen and ammonia," says Stian Nygaard, Investment Director at Yara Growth Ventures, who also enters HMTs Board of Directors. Yara International is the world leading crop nutrition and agriculture company, headquartered in Norway. Yara Growth Ventures, which is Yara's venture investment team is now making its first investment in Norway. Together with AP Ventures, Shell Ventures, Saudi Aramco Energy Ventures and Sintef Ventures, Yara Growth Ventures will invest a total of NOK 170 million in Hydrogen Mem-Tech. The Trondheim company has developed a technology that enables the production of pure hydrogen from biogas and natural gas. "We are both proud and incredibly humbled to have secured what will be one of the largest capital investments in an early-stage Norwegian tech company in recent years," says Thomas Reinertsen, CEO of Hydrogen Mem-Tech. The company's technology separates pure hydrogen from biogas and natural gas at the same time as CO2 and other residual gases are blocked and can be captured due to the hydrogen-selective metal palladium. The palladium membrane technology is developed by Hydrogen Mem-Tech, together with researchers at SINTEF, one of Europe’s largest independent research organizations, and has been successfully piloted and tested over the last ten years. Will invest more in Norway The investment in Hydrogen Mem-Tech is Yara Growth Ventures' first investment in Norway. The company has already invested in seven other companies located in the United States, Argentina, Kenya, Israel and Turkey. In addition, it has invested in two funds. Yara Growth Venture is now considering several investments in Norwegian technology companies. "This is the first investment we are making in Norway. However, we are planning more," says Nygaard. Yara Growth Venture makes financial investments in companies that develop technology in hydrogen, ammonia and agricultural technology. Investments are normally between two and five million USD. Investment in emission-free energy sources Hydrogen Mem-Tech has received support from Gassnova, Innovation Norway and the Research Council in the development of the technology. The company is now researching whether the technology can also be used in ammonia, and thereby help solve the transport and storage challenges associated with hydrogen. In that case, it will solve a major challenge with hydrogen, which can really accelerate the green shift. "Our ambition is to spearhead the green shift. With a solid capital base and several of the world's leading players behind us, we want to contribute to positioning Trondheim as a force to be reckoned with in the field of green technology. We are now ramping up our operations and are currently recruiting to create a strong and competent team within hydrogen technology," says Thomas Reinertsen. Source: Yara

Yara Growth Ventures Investments

7 Investments

Yara Growth Ventures has made 7 investments. Their latest investment was in HYDROGEN Mem-Tech as part of their Series A on May 5, 2022.

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Yara Growth Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series A

HYDROGEN Mem-Tech

$17.47M

Yes

2

2/24/2022

Series C

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$99M

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10

12/16/2021

Series C

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$99M

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10

12/7/2021

Series B

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$99M

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10

10/8/2021

Unattributed VC - II

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10

Date

5/10/2022

2/24/2022

12/16/2021

12/7/2021

10/8/2021

Round

Series A

Series C

Series C

Series B

Unattributed VC - II

Company

HYDROGEN Mem-Tech

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Amount

$17.47M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Yara Growth Ventures Portfolio Exits

1 Portfolio Exit

Yara Growth Ventures has 1 portfolio exit. Their latest portfolio exit was Plant Response on March 15, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/15/2022

Acquired

$99M

1

Date

3/15/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Yara Growth Ventures Team

1 Team Member

Yara Growth Ventures has 1 team member, including current Managing Director, Erkki Aaltonen.

Name

Work History

Title

Status

Erkki Aaltonen

StartAD, VTT Ventures, and Nokia

Managing Director

Current

Name

Erkki Aaltonen

Work History

StartAD, VTT Ventures, and Nokia

Title

Managing Director

Status

Current

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