Course Corrected Research
Investment Thesis
Course Corrected (cc.vc) is a Stockholm-based climate venture capital firm founded in 2021 by three general partners with long-standing Nordic venture and growth-investing backgrounds. The firm backs "outstanding entrepreneurs and teams with fast growing and scalable businesses that drive the transformation towards climate positive alternatives," with an explicit focus on commercial, market-disrupting approaches to decarbonization rather than pure research or subsidy-dependent business models. The firm organizes its thesis around five investment themes: Sustainable Food Solutions, Electrification and Energy Efficiency, Industrial Processes and Materials, Circular Systems and Sharing Economy, and Climate Transparency and Accountability. Within those themes the firm looks for teams it believes can become category leaders while displacing high-emission incumbents.
Stage Focus
Course Corrected invests at the earliest institutional stages of climate technology companies, from pre-seed through seed, with selective participation in later growth rounds for existing portfolio companies as they scale (e.g. a 2026 growth round in Hyperion Robotics). The firm's public materials do not disclose a formal stage ceiling, but portfolio evidence points to a pre-seed/seed core with occasional Series A and growth follow-ons.
Check Size
Exact check-size figures are not publicly disclosed. Course Corrected typically appears as one of several co-investors in seed and pre-seed rounds ranging from roughly $1M to $15M in total round size (e.g. Tavion's SEK 76M/~$7M pre-seed, Renasens's €10M seed, Modvion's €10.9M round), suggesting individual check sizes in the low-to-mid six figures to low seven figures, consistent with an early-stage climate specialist rather than a growth investor.
Lead Tendency
Mixed. Course Corrected has co-led at least one round (Hyperion Robotics' 2026 growth round, co-led with the European Innovation Council Fund) but more commonly appears as a participating investor alongside a lead (e.g. Extantia led Renasens's seed; Vestas and the EIC Fund anchored Modvion's round). The firm should be treated as "both" leads and follows depending on syndicate composition.
Recent Activity
Course Corrected announced the first close of its second fund, Course Corrected VC Fund II, in February 2025, raising over EUR 65 million (SEK ~720M) from LPs including the European Investment Fund (EIF), Saminvest AB, and SEB Life & Pension / SEB Stiftelsen. Fund II is earmarked to scale decarbonization technologies and support commercialization across the firm's five investment themes. Since then the firm has continued deploying into both new and existing portfolio companies: a seed investment in Renasens (textile recycling, March 2026), a pre-seed investment in Tavion (battery storage parks, April 2026), and a growth-stage co-investment in Hyperion Robotics (robotic construction, July 2026). Public sources describe Course Corrected as one of the larger dedicated climate-tech VCs in Sweden.
Portfolio Highlights
Course Corrected's public portfolio spans roughly two dozen companies across energy storage and grids (Skye, Echandia, 1s1 Energy, Holyvolt), industrial materials and construction (Hyperion Robotics, Modvion, PaperShell), circular systems and recycling (Renasens, Cloud Cycle, ReCarber), mobility (Longbow Motors, Cosmic Aerospace, Artyc), and data/food/agriculture-adjacent climate businesses (Globhe, Petgood, Plant, eComID, Engrate, Obayaty, Tavion). Notable recent raises include Renasens's €10M seed for CO2-based textile recycling, Hyperion Robotics's $7.4M growth round for robotic construction microfactories, and Tavion's SEK 76M pre-seed to build out battery storage parks in Poland.
Team
- Christine Ahlstrand, General Partner & Co-Founder — Long-standing angel and growth investor in Nordic tech; previously an investment banker at Morgan Stanley.
- Katja Bergman, General Partner & Co-Founder — Founder of two prior VC funds, Brightly Ventures (2018) and MOOR (2012).
- Kerstin Cooley, General Partner & Co-Founder — Formerly Head of Capital Introduction, Business Development and Alternative Investments at SEB Investment Banking; co-founded Cognito Media, Echelon and Trema.
- Hampus Björklin, Investment Analyst
- Sebastian Landström, Finance Director
- Nathaly Fonseca, Operations Manager
- Måns Nilsson, Climate Advisor — Executive Director, Stockholm Environment Institute.
- Beatrice Crona, Climate Advisor — Deputy Science Director, Stockholm Resilience Centre.
- Tomas Kåberger, Climate Advisor — Professor, Chalmers University of Technology.
Decision Process
Course Corrected operates as a three-GP partnership (Ahlstrand, Bergman, Cooley), supplemented by an investment analyst and a panel of named climate science advisors who appear to provide technical diligence input on deep-tech and industrial claims. This structure suggests a partnership-level decision process rather than a solo-GP model.
Founder Preferences
The firm's language ("outstanding entrepreneurs," "fast growing and scalable," "market leaders...disrupting incumbents") signals a preference for commercially ambitious founders building venture-scale businesses rather than pure impact or grant-funded projects. Their advisor bench (climate science, sustainability policy) suggests they value founders who can withstand technical/scientific scrutiny, consistent with the deep-tech and industrial tilt of the portfolio (robotics, batteries, materials science).
Geographic Focus
Headquartered in Stockholm, Sweden (Artiljerigatan 25), with a clear Nordic/Swedish core (most portfolio companies are Swedish or Finnish) and a broader European investment mandate — portfolio companies operate across Sweden, Finland, and Poland, and Fund II's LP base (EIF, Saminvest, SEB) is Nordic/EU institutional capital.