Lithuanian BSV Ventures leads round for Finnish Halide Energy

Lithuanian BSV Ventures has led a seed round for Finnish energy startup Halide Energy. Another investor is LAB7, the venture capital arm of Aramco.

Founded in 2025 in Finland, Halide Energy develops modular copper-based battery systems designed to meet grid-scale and industrial storage and flexibility needs. The company aims to accelerate the global transition to renewable energy through efficient and sustainable storage technologies. The startup will use the funds raised to further develop its innovative Redox Flow technology for energy storage on a grid scale.

BSV Ventures (formerly Baltic Sandbox Ventures) is a venture capital fund specializing in investments in high technology, biotechnology and dual-use technologies in the Baltic States and the rest of Europe. The fund was founded by Sandra Golbreich, Andrius Milinavičius and Erik Bhullar in 2022 in Lithuania. In 2024 fund raised $15M from NATO Innovation Fund (NIF), Lithuanian ILTE fund (ex-Invega). BSV Ventures has offices in Lithuania, Estonia and Finland.

LAB7 is the venture arm of Saudi Aramco that supports deep tech startups. LAB7 works with early-stage startups that have achieved initial product validation and completed lab testing.