We are excited to invest in and partner with Magrathea. “Metal without mining” will not only be vital to the global economy but also highly impactful to the environment. We believe Magrathea’s technology and mission can positively impact both areas while being very aligned with our core values and purpose. EQT will also be able to support the company through its journey given our broad mix of relevant businesses across EQT Ventures, Private Equity and Infrastructure divisions.

The founders of Magrathea are true role models for the space of impact entrepreneurship; subject field experts, steadfast to their long-term goal of marrying impact and financial performance, and firmly rooted in the present - building a company and an energy that would attract talent more magnetically than no other. This is exactly the type of company that we are looking to support with the capital and network support we can provide from the EQT Foundation.

The EQT Foundation is an ideal partner to have at the table as we continue the extraordinarily challenging mission of rebuilding the West’s magnesium metal supply chain and eliminate the need for mining in the supply chain of structural metal. EQT’s industrial connectivity give us a dashboard to Europe’s industrial ecosystems and we’re going to make the most of it.

Norbite follows an innovative upcycling approach tackling the part of the plastic waste that is un-addressed by today’s solutions. EQT Foundation is ideally positioned to support Nathalie Berezina in her work at such an early stage, enabling crucial research that will be the basis for commercializing Norbite’s solutions and embark on further fundraisings to finance the growth. In addition, the EQT platform provides valuable insights and experience with scaling start-ups and professionalizing management and go-to-market approaches will help Nathalie and the team to tackle the next stage of development.

EQT Foundation looks forward to supporting the development of Direct Air Carbon technologies through Noya’s innovative solutions. Progressing cost-effective DAC initiatives is vital to decarbonizing the economy and meeting ambitious sustainability goals set out by corporations and governments, and EQT Foundation is excited to support Noya on this journey. We are convinced that Noya’s differentiated approach combined with EQT’s expertise and resources will help drive ongoing advancements in the DAC space.

We are excited to have the opportunity to support the purpose-driven team at Vara through the EQT Foundation. With their platform already having strong traction in Germany and proven ability to detect early signs of breast cancer more effectively, we believe their solution could be completely game-changing – especially for emerging countries where Vara wants to make screening more accessible and affordable. Vara fits perfectly with EQT’s thematic investment approach, and we look forward to the exciting journey ahead.