Hexagon AB Announces New Venture Capital Arm To Help Green-Tech Startups

Hexagon AB, a global leader in digital reality solutions, announced a new venture capital arm of R-evolution to help companies working in green tech technologies. R-evolution, the company’s sustainable innovation and green-tech investment, ventures program aims to help green-tech startups working on new technologies through seed funding or in-kind technology from Hexagon’s portfolio.

Material Mapper, an Oslo, Norway-based company, marked the program’s inaugural investment, targeting the transition to a circular economy in the buildings sector. Material Mapper is a Norwegian technology company developing an AI-powered forecasting tool for locating reusable construction materials – connecting decommissioning projects to new construction to increase building material reusability.

According to the company’s press release, considerations for R-ventures monetary investments or in-kind technology require green-tech startups to be in the pre-IPO funding stage, with an identified product and initial customer base. Seed investments typically range between 50k to 500k EUR. Additionally, R-evolution invites partners, private investors, accelerators, governments, and universities to increase visibility and outreach to the startup community.

In the press release, Hexagon announced that the company’s newly-launched R-evolution ventures program will be focusing on areas like renewable energy and storage, green hydrogen, carbon capture, plastic waste management, desalination, plant-based food, ecological monitoring, sustainable agriculture, and circular economy transitions. The company is inviting entrepreneurs working on disruptive innovations to demonstrate their positive planet impact and rapid growth potential.

Founded in 1992 and based in Stockholm, Sweden, Hexagon AB is a publicly-listed technology company and a leading provider of design, measurement, and visualization technologies.

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