INNOVESTORPALO

Elementic is developing a new carbon-storing construction material made entirely from tree-based lignin, without cutting down new trees. The material stores nearly three times its weight in CO₂ and can be used for tiles, panels, and bricks.

After the PALO Accelerator, Elementic has advanced toward commercialization with a pilot factory underway in Lempäälä and first deliveries planned for spring 2026. The company has raised €10M in funding from Business Finland and the EIC Accelerator.

Capalo AI is a sustainable tech company that maximizes the value of energy storage systems across all markets. They combine the most accurate forecast data with cutting-edge AI models to optimize the trading of battery energy storage systems.

In March 2025, Capalo raised €3.8M in seed funding led by VentureFriends and PROfounders, with participation from Inventure and Innovestor. The company is rapidly scaling across Europe, already managing hundreds of megawatts of capacity and partnering with major players like Taaleri Energia and Å Entelios.

Make a BIM is developing an AI-based, scalable and easy-to-use method for generating building information models of existing building quickly and cost-effectively.

Last autumn, Make a BIM raised a growth funding round to expand its operations and further develop its AI tools. The round was led by Kiilto Ventures, with participation from Innovestor and 16 business angels through the Finnish Business Angels Network (FiBAN).

Greenfactory AI is building an AI-powered optimization platform that helps manufacturers become more productive, profitable, and sustainable. By reducing energy, water, raw material use, and emissions, the system supports industrial companies on their path to net-zero.

After the Accelerator the company has aquired new customers from Finland and abroad and is in the middle if fundraising to speed up the scaling across Europe.

Ilkka is a technology entrepreneur, board professional, startup business angel and ok-ish endurance enthusiast working daily with startups and growth companies. Also Co-father of Framery, Surveypal (and few other companies) and an early stage investor in 20+ companies mainly in Something-as-as-Service & smart offices. Active Chairperson & member of the board at growth companies from different industries. ­Interested in growth and learning new things – never forgetting strategic thinking & humane approach!

Nora is a growth-oriented, entrepreneurial leader with over 15 years of experience steering global businesses and brands. She has been at the forefront of innovation, founding a corporate-wide unit within a globally recognized company and served several positions as business advisor and board member within SME companies across industries. Her expertise encompasses strong business acumen, commercial go-to-market, systematic innovation and product development and circular ecosystems.

Niko is a seasoned startup coach with a rich entrepreneurship and academic research background. After completing his PhD, Niko founded SN4 International Ltd, a company he led for over a decade before successfully selling it to Bisnode, a leading European data and analytics firm, in 2015. Besides his entrepreneurial and leadership successes, Niko is also an accomplished academic with over 50 publications in diverse scientific fields. His broad experience forms a strong basis for advising PALO companies, guiding them through complex challenges toward sustainable success.