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ICOS Capital Management

Europe, Zuid-Holland, The Netherlands, Rotterdam

Description

ICOS Capital Management is a prominent venture and growth capital firm based in Rotterdam, The Netherlands, with an additional office in Düsseldorf. The firm is dedicated to investing in European technology companies that are developing and scaling up sustainable technologies and innovative business models. Their core focus areas include cleantech, advanced materials, the bio-based economy, circular economy solutions, digitalization, and smart industry applications, all aimed at fostering a more sustainable global future.

The firm primarily targets early-stage companies, specifically those in their Series A funding rounds and beyond, indicating a preference for companies that have demonstrated initial traction and are ready for significant scaling. ICOS Capital is known for its hands-on approach, often co-investing with other venture partners and providing strategic support to its portfolio companies. Their investment strategy is rooted in identifying pioneering technologies that can deliver both strong financial returns and positive environmental or societal impact.

Financially, ICOS Capital manages a substantial portfolio, with over €100 million under management across multiple funds. Their typical initial investment in a company ranges from €1 million to €5 million, with a clear capacity for follow-on investments to support continued growth and development. This flexible approach allows them to back companies through various stages of their expansion. To date, ICOS Capital has made investments in over 40 European technology companies, underscoring their active presence and commitment to the region's innovation ecosystem.

The firm's commitment to sustainability is central to its identity, seeking out ventures that contribute to a cleaner, more efficient, and circular economy. By focusing on deep technology and industrial innovation, ICOS Capital positions itself as a key financial partner for entrepreneurs building the next generation of sustainable solutions across Europe.

Investor Profile

ICOS Capital Management has backed more than 32 startups, with 1 new investments in the last 12 months alone. The firm has led 20 rounds, about 63% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in The Netherlands, United Kingdom, Switzerland.
  • Strong thematic focus on Biotechnology, Energy, Water.
  • Typical check size: $1.1M – $5.4M.

Stage Focus

  • Series Unknown (56%)
  • Series A (19%)
  • Series B (13%)
  • Seed (9%)
  • Convertible Note (3%)

Country Focus

  • The Netherlands (63%)
  • United Kingdom (9%)
  • Switzerland (9%)
  • Poland (6%)
  • Estonia (6%)
  • Spain (3%)
  • France (3%)

Industry Focus

  • Biotechnology
  • Energy
  • Water
  • Cleantech
  • Food And Beverage
  • Health Care
  • Water Purification
  • Artificial Intelligence (Ai)
  • Agtech
  • Greentech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ICOS Capital Management frequently co-invest with?

WAVE Equity Partners
North America, Massachusetts, United States, Boston
Co-Investments: 2
OostNL
Europe, Gelderland, The Netherlands, Apeldoorn
Co-Investments: 2
EE
Europe, Rogaland, Norway, Stavanger
Co-Investments: 1
SmartCap
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2
Clean Growth Fund
Europe, England, United Kingdom, London
Co-Investments: 1
Rhapsody Venture Partners
North America, Massachusetts, United States, Cambridge
Co-Investments: 1
Capricorn Partners
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 2
Marubeni
Asia, Tokyo, Japan, Tokyo
Co-Investments: 1
Chevron Technology Ventures
North America, Texas, United States, Houston
Co-Investments: 1
Soulmates Ventures
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 2

Which angels does ICOS Capital Management often collaborate with?

AO
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 1
HV
Europe, Limburg, The Netherlands, Maastricht
Shared Deals: 1

What are some of recent deals done by ICOS Capital Management?

Abolis Biotechnologies

Évry, Ile-de-France, France

Abolis is delivering high-impact innovations in biotechnologies.We provide tailor-made industrial solutions based on micro-organisms.

BiotechnologyLife ScienceSustainability
Series UnknownSep 12, 2024
Amount Raised: $38,776,695
eAgronom

Tartu, Tartumaa, Estonia

Accelerating transition to sustainable farming via carbon credits and AI Consulting

AgricultureAgTechCleanTechFarmingGreenTechSoftwareSustainability
Series AJul 2, 2024
Amount Raised: $10,720,527
MOA

Pamplona, Navarra, Spain

MOA make healthy food for a sustainable world that solves growing global food demands.

Food and BeverageFood ProcessingSnack Food
Series AJun 25, 2024
Amount Raised: $3,220,439
eAgronom

Tartu, Tartumaa, Estonia

Accelerating transition to sustainable farming via carbon credits and AI Consulting

AgricultureAgTechCleanTechFarmingGreenTechSoftwareSustainability
Series UnknownJun 27, 2023
Amount Raised: $5,478,774
PEF Technologies

Arnhem, Gelderland, The Netherlands

PEF Technologies provides food and beverage preservation with nanosecond pulsed electric fields as the solution.

Food and BeverageFood ProcessingMachinery Manufacturing
SeedMar 31, 2023
Amount Raised: $1,630,125
NapiFeryn BioTech

Lodz, Lodzkie, Poland

NapiFeryn BioTech is a patent holder on a technology of producing protein isolates from oil plant seed, particularly from rapeseed.

BiotechnologyHealth CareWellness
Series UnknownJan 30, 2023
Amount Raised: $2,712,488
CarbonOrO

Nijmegen, Gelderland, The Netherlands

CarbonOrO uses a bespoke amine solution to capture CO2 from gasses.

Carbon CaptureEnvironmental ConsultingGreenTech
Series ADec 21, 2022
Amount Raised: $4,349,302
Invert Robotics

Breda, Noord-Brabant, The Netherlands

Invert Robotics is a world leading inspection solutions.

IndustrialIndustrial AutomationRobotics
Series UnknownOct 3, 2022
Amount Raised: $9,833,586
WholeFiber

Emmeloord, Flevoland, The Netherlands

WholeFiber provides nutrition, food, health, and food ingredients.

Food and BeverageHealth CareNutrition
SeedOct 1, 2021
Holiferm

Manchester, Manchester, United Kingdom

Holiferm develops holistically improved fermentation technology for massive economic improvements.

BiotechnologyChemicalIndustrialIndustrial EngineeringPharmaceutical
Series ASep 13, 2021
Amount Raised: $7,000,000