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Danish investors shun next generation of green companies

Having burned their fingers on cleantech investments, venture capital funds in Denmark are now dropping startups with new, sustainable solutions. The risk of regulatory change in the sector has upped the risks for early-stage investors, says the head of the country's biggest VC fund.

Denmark may be striving to be a green pioneer, but cleantech companies offering renewables-based and sustainable energy products in the country may be facing a grim future.

Danish venture capital (VC) funds are fleeing green companies and startups after having poor experiences with cleantech investments in recent years. Now, many firms operating in the sector are lacking capital to develop future green solutions.

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