Venture Capital

Greenbackers Investment Capital

Niche focus:
Earth Tech, Ocean Tech and Clean Tech
Address:
4 Royal Crescent, Glasgow, G3 7SL, United Kingdom.
Overview

Greenbackers Investment Capital is a venture capital firm connecting investors to Clean Tech and Climate-focused businesses.

Size of investment
Funding stage

Seed, Series A & B stage

Visit website

About Greenbackers Investment Capital

Greenbackers Investment Capital is a specialist venture capital and advisory firm focused on climate technology, cleantech, and sustainability sectors. The firm operates globally, with offices in Glasgow, London, and Houston. Greenbackers supports disruptive technology founders by connecting them to a curated network of climate-focused investors and funds. It offers a hands-on approach to capital raising, providing both advisory services and direct investments to help early-stage and growth companies secure institutional funding and scale their businesses. The firm is also active in the blue economy, supporting innovation related to sustainable use of ocean resources.

Mission, Goals, and Values

Greenbackers Investment Capital’s mission is to catalyse the venture funding required to build a more sustainable society. The firm connects disruptive technology founders with a global network of climate focused investors, backing the planet one deal at a time. It is committed to supporting the commercialisation of transformative climate and clean technology ventures and accelerating the transition to a low carbon economy.

Goals:
  • Accelerate the scaling of climate and clean technology solutions that address urgent environmental challenges, from emissions reduction to sustainable resource use.
  • Support founders in navigating the fundraising process and securing their first institutional capital through direct introductions and advisory.
  • Deliver measurable environmental and social impact by backing companies that improve efficiency, reduce emissions, and contribute to global climate goals.
Values:

Greenbackers Investment Capital is guided by principles of integrity, transparency and collaboration. The firm values diversity and inclusion, recognising that diverse teams drive better outcomes for both business and society. Greenbackers works to remove complexity and barriers from the investment process, making capital more accessible for climate entrepreneurs.

It believes that commercial success and positive environmental impact go hand in hand, and only supports ventures capable of delivering meaningful change and scalable solutions to the climate crisis.

Internally, Greenbackers Investment Capital fosters a culture of fairness, openness and practical support. Its team is united by a shared commitment to accelerating the energy and climate transition through innovation and investment. The firm maintains high standards of ethical conduct and responsible governance, ensuring that its work benefits both investors and wider communities

Founders and Origin Story

Greenbackers Investment Capital was founded in Glasgow in 2019 by professionals who shared a vision to accelerate cleantech innovation and bridge the funding gap between early‑stage ventures and institutional capital. Drawing on decades of expertise in venture capital, technology commercialisation, finance and business development, the founders shaped Greenbackers around supporting disruptive solutions for a sustainable future.

Robert Hokin established and leads Greenbackers Investment Capital. He has over 30 years of experience in technology development and finance, with the past 14 years dedicated to cleantech. Prior to founding Greenbackers he held senior roles at ABB, WorldCom and GEC‑Marconi and served as Chair of ecoConnect and a leading cleantech advocacy group.

Robert Hokin’s combined background in industry and investment has enabled Greenbackers Investment Capital to identify and support high potential start ups in climate, energy, and the blue economy sectors. He created the firm in response to a pressing need for more effective capital flows into cleantech. By providing not just funding but also strategic guidance and investor connections, Greenbackers supports early stage ventures through crucial stages of growth, accelerating the transition to a low carbon, sustainable economy.

Explore the founders professional journey: Robert Hokin.

Investment Focus

Geographic Scope:

Greenbackers Investment Capital operates internationally, with a strong focus on the United Kingdom and Europe, and an active presence in North America. The firm supports start-ups and project developers with global relevance and scalability, but places particular emphasis on ventures based in the United Kingdom and Europe.

Sectors of Interest:

Greenbackers concentrates on transformative technologies and business models that accelerate the shift to a sustainable, low carbon economy. Core areas of interest include:

  • Climate technology and cleantech
  • Renewable energy generation and storage
  • Blue economy and ocean technologies
  • Circular economy solutions
  • Sustainable mobility and e-mobility
  • Artificial intelligence and data analytics for environmental applications
  • Advanced materials and energy efficiency technologies

The firm seeks innovations that deliver measurable environmental benefits and support the global transition to net zero and resource efficiency.

Investment Criteria
Greenbackers backs companies with differentiated technology or service solutions, led by strong management teams, and with scalable business models addressing large, defined markets. The firm looks for ventures that have achieved some market validation, such as customer trials, sales, or independent assessment, and are seeking seed, Series A, or Series B funding. Companies must demonstrate clear environmental impact potential and a credible strategy for growth and exit.

Assessment

Greenbackers follows a rigorous, multi-stage assessment process for potential investments:

  • Initial Screening: The team reviews each applicant’s business plan, pitch deck, and supporting documents to ensure alignment with Greenbackers’ focus on climate and cleantech, and to assess investment readiness.
  • Investment Readiness Assessment: Selected ventures complete an assessment that highlights their strengths and weaknesses from an investor’s perspective, covering team quality, technology differentiation, scalability, market opportunity, and financial strategy.
  • Due Diligence: Greenbackers evaluates the maturity of the technology, market fit, commercial traction, and environmental impact over a multi-year horizon. The process includes technical validation and, where necessary, consultation with external experts to verify engineering and scalability.
  • Benchmarking: Each opportunity is benchmarked against global early-stage data and comparable ventures in the sector, ensuring high standards for investment readiness and impact potential.
  • Showcase Selection: Only companies that pass these stages are featured on the Greenbackers Showcase platform, where they are introduced to a curated network of climate-focused investors for ongoing funding support.

This thorough process ensures that every investment Greenbackers supports is positioned to deliver measurable environmental benefits and real world commercial value.

Notable Portfolio Companies

Greenbackers Investment Capital has supported a range of early and growth stage companies focused on accelerating the transition to a low carbon, sustainable economy through innovative technologies and scalable business models. Some of the most notable portfolio companies and showcase ventures include:

Power Roll
Power Roll develops advanced solar film technology designed for scalable and cost effective renewable energy generation. Their lightweight, flexible solar films can be deployed on a wide range of surfaces, helping to expand access to solar power and reduce installation costs. Greenbackers played a key role in supporting Power Roll’s multi million pound funding rounds and ongoing commercial scale up.  Visit website: Power Roll.

C-Power
C-Power is a United States based company developing innovative ocean wave energy devices that provide renewable energy solutions for a variety of applications. Their technology harnesses the power of ocean waves to generate clean electricity, supporting the growth of the blue economy and the transition to sustainable energy.  Visit website: C-Power.

Naked Energy
Naked Energy specialises in advanced solar and thermal energy systems, including unique hybrid panels that generate both heat and power. Their solutions are designed to maximise efficiency and carbon savings for commercial and industrial clients. Greenbackers has supported Naked Energy through funding rounds and investor syndication.  Visit website: Naked Energy.

Discover more successful investments: Greenbackers Investment Capital investors showcase.

Funding Sources

Greenbackers Investment Capital is supported by a broad and diverse group of funding partners, including venture capital firms, corporate venture funds, impact investors, family offices, angel syndicates, asset and project finance providers, and government funds. The firm does not publicly list its individual limited partners but works with a global network of over five thousand funding sources, ensuring access to both equity and debt capital for climate and cleantech ventures.

Greenbackers facilitates capital raising through its Showcase platform, which connects start-ups and project developers with hundreds of pre-qualified funds and investors from the United Kingdom, Europe, North America, Asia Pacific, and the Middle East. This approach enables syndication and co-investment opportunities, allowing ventures to access larger rounds and a wider investor base. Greenbackers also offers continuous fundraising support for at least twelve months, actively coordinating introductions and investor engagement.

Investment Details

Investment Stage:
Greenbackers Investment Capital supports companies at seed, Series A, and Series B stages, as well as project developers ready to scale. The firm is open to opportunities that are beyond proof of concept or at the early stage of commercialisation, and will facilitate larger rounds for exceptional ventures that align with its strategy.

Equity:
Investments are typically made through equity or convertible instruments, with cheque sizes usually ranging from five hundred thousand to ten million pounds, euros, or dollars. Greenbackers can also facilitate larger rounds through syndication. The firm offers flexibility in funding structures, including the option to take part of its success fee as equity in the supported company.

Funding:
Greenbackers raises capital through its network of institutional investors, family offices, and other funding partners, providing targeted support for climate and cleantech ventures globally. The firm’s Showcase platform enables dynamic, ongoing fundraising, rather than one-off pitch events, ensuring that ventures receive sustained support and access to a broad investor community.

Recent Developments:
Greenbackers continues to expand its Showcase platform and investor network, supporting successful multi-million pound raises for companies such as Power Roll and Naked Energy. The firm regularly leads or co-leads funding campaigns and hosts in-person pitch events in London, connecting founders with active climate-focused funds and strategic partners.

This collaborative and proactive approach ensures that Greenbackers Investment Capital can identify, invest in, and scale high potential companies across the United Kingdom, Europe, and internationally, driving lasting positive change in the climate and cleantech sectors.

Impact

​​Greenbackers Investment Capital invests in early and growth stage companies developing scalable technologies that address urgent climate and environmental challenges. The firm’s portfolio targets areas such as decarbonisation, renewable energy, energy efficiency, and the sustainable blue economy, with a strong focus on solutions that deliver measurable environmental benefits and support the global transition to a low carbon, sustainable economy.

Each company Greenbackers supports is selected through a rigorous process to ensure strong potential for real world impact and commercial success. For example, portfolio companies like Power Roll and Naked Energy are advancing solar and energy efficiency technologies, while C-Power is pioneering ocean wave energy devices. Greenbackers’ approach ensures these innovations can scale and deliver significant reductions in emissions, improved resource efficiency, and new models for sustainable growth.

Beyond capital, Greenbackers provides strategic guidance, investment readiness coaching, and access to a global network of climate-focused investors and industry experts. The firm is an active member of leading industry bodies and initiatives, including the Sustainable Blue Economy Finance Principles, Ocean Energy Europe, the World Ocean Council, and Scottish Renewables. Through these networks, Greenbackers connects its portfolio with the latest sector insights, partnership opportunities, and best practices in sustainability and governance, enhancing both commercial and environmental outcomes.

Community

Greenbackers supports its portfolio companies with more than just funding, offering founders strategic advice, operational insight, and access to a strong network of investors, corporates, and sector specialists. This hands-on approach helps early and growth stage companies address key challenges around scaling, from product development to market entry and growth.

The firm actively engages with industry alliances and expert groups, such as Ocean Energy Europe and the World Ocean Council, to foster collaboration and knowledge sharing. By connecting founders with these networks, Greenbackers helps its portfolio access new opportunities, stay at the forefront of sector developments, and deliver greater impact in the fight against climate change.

The Team

Greenbackers Investment Capital is led by a highly experienced team with deep expertise in venture capital, climate technology, and business development. United by a commitment to accelerating the transition to a low carbon economy, the team combines backgrounds in investment, technical innovation, and operational management to support founders with strategic guidance and access to a broad network of industry partners.

Leadership and Key Team Members:

Robert Hokin, Founder and Managing Partner
Robert Hokin is the founder and driving force behind Greenbackers Investment Capital. With over thirty five years’ experience in technology, finance, and cleantech, Robert has been a pioneer in the sector since its emergence. He leads the firm’s strategy and is deeply involved in supporting founders as they scale their businesses.

John Steedman, Partner
John Steedman specialises in technology commercialisation and business development. He brings extensive experience in helping early stage ventures grow and is a member of the GlobalScot network, supporting international cleantech collaboration.

Mark Hannigan, Advisor
Mark Hannigan is an energy technology founder and advisor with a background in corporate leadership and entrepreneurship. He supports Greenbackers’ portfolio companies with operational and strategic insight.

Jae Mather, Sustainability Executive
Jae Mather focuses on net zero strategy, renewables, and climate resilience. He brings expertise in sustainability, ESG, and coaching, helping portfolio companies align with best practices in environmental impact and governance.

Anton Themen, Associate
Anton Themen supports origination and funding for ventures in renewable energy, agritech, and oceantech, helping companies secure capital and partnerships to fuel growth.

The Greenbackers team is known for its hands-on approach, working closely with founders to address challenges around scaling, market entry, and capital raising. Their combined experience and industry connections enable Greenbackers to deliver practical support and strategic value to climate and cleantech ventures at every stage.

Learn more about the team on the Greenbackers Investor Capital about us page.

FAQs

  1. What is Greenbackers Investment Capital?
    Greenbackers Investment Capital is a Glasgow-based venture capital firm focused on funding early and growth stage companies that are driving the climate and energy transition. The firm aims to deliver both measurable environmental impact and financial returns by supporting innovative solutions in the climate technology and cleantech sectors.
  2. What types of companies does Greenbackers Investment Capital invest in?
    Greenbackers invests in companies developing technologies and business models for the climate transition. Key sectors include renewable energy generation, energy storage, blue economy, circular economy, sustainable mobility, artificial intelligence and data analytics for environmental solutions, and e-mobility.
  3. What is the typical investment stage and size?
    Greenbackers primarily supports companies at the seed, Series A, and Series B stages, backing ventures that are beyond proof of concept or at the early stage of commercialisation. Cheque sizes typically range from five hundred thousand to ten million pounds, euros, or dollars, and the firm can facilitate larger rounds through syndication.
  4. Does Greenbackers only invest in United Kingdom companies?
    While Greenbackers has a strong focus on the United Kingdom and Europe, the firm also invests in companies based in North America and is open to opportunities with global relevance and scalability. Its investor network is international.
  5. What is the Greenbackers investment vehicle?
    Greenbackers invests through its Showcase platform, which is backed by a global network of venture capital funds, corporate funds, impact investors, family offices, and syndicates. Investments are made via equity or convertible instruments, and the firm also supports asset and project finance.
  6. What are the main criteria for investment?
    Key criteria include a strong, mission driven team, scalable and innovative solutions, measurable environmental or climate impact, and clear commercial potential. Companies must demonstrate readiness for institutional investment and a credible growth strategy.
  7. How does Greenbackers assess impact?
    Greenbackers conducts a rigorous, multi-stage assessment process, including investment readiness evaluation, technical validation, market fit analysis, and impact assessment. Each opportunity is benchmarked against global early stage data, and external experts may be consulted to verify both engineering and scalability.
  8. What support do portfolio companies receive beyond funding?
    Portfolio companies benefit from strategic guidance, investment readiness coaching, operational insight, and access to a strong network of industry experts and investors. Greenbackers also organises investor roundtables, live pitch events, and provides ongoing fundraising support for a minimum of twelve months.
  9. What stage does Greenbackers invest in?
    Greenbackers invests primarily at the seed, Series A, and Series B stages, but will also facilitate larger rounds for companies with exceptional potential and alignment with its mission.
  10. How can I apply for funding or get in touch?
    You can submit your pitch deck and company information through the Greenbackers website. The team will review your application for suitability and investment readiness, and qualifying ventures will be invited to join the Showcase platform for investor introductions and support.

Contact

Are you building innovative solutions for the energy transition and seeking early stage funding? Discover how Greenbackers Investment Capital can help accelerate your journey by visiting the Greenbackers website.

Stay updated with the latest news, events, and opportunities by following Greenbackers Investment Capital on LinkedIn. Greenbackers Investment Capital Linkedin.

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