Where conviction meets discipline - at every stage.
We don't invest on narrative. Every capital decision at GreenRunway Capital passes through a structured, quantitative underwriting framework — purpose-built for the SAF value chain and answerable to the investors.
Our Approach
A focused mandate, a repeatable process.
GreenRunway Capital is a pure-play venture fund. We back SAF companies with early commercial traction, technology proven beyond the lab, and a credible path to scale — not pre-seed science bets, not mature infrastructure assets. This deliberate positioning sits at the precise risk-return intersection our LPs require: a diversified book of high-conviction positions, governed by three solid principles and a four-stage screening funnel that only the strongest candidates clear.
P R I N C I P L E 01
Conviction with discipline
Every allocation is earned through structured filters — never narrative confidence alone.
P R I N C I P L E 02
Quant gates first
Five binary knockouts and a hard 10× base-case return hurdle must clear before any qualitative scoring begins.
P R I N C I P L E 03
Pathway-agnostic
HEFA, ATJ, FT, eSAF/PtL — every pathway assessed on identical, standardized criteria. No category preferences.
We don't just deploy capital. We deploy our network across the value chain.
Our active partnership model translates deep sector expertise — in regulated, sustainability-driven industrial markets — into measurable support from Day 1 of investment.
Follow-on capital access and syndicate introductions
Offtake and airline partnership introductions
Regulatory navigation and certification pathway guidance
Technical and go-to-market network access
Cross-portfolio knowledge sharing on SAF pathways and compliance
Our Investment process- Four stages. No shortcuts.
From an estimated 300–500 SAF-relevant private companies globally, our funnel progresses only the strongest 1.5% to an Investment Committee decision. Each stage is a hard gate — failure at any point terminates the review.
S T A G E 0 1
Universe screening
Sector fit, geography, and stage alignment. 100 candidates → 25 advance. 1–2 weeks.
S T A G E 0 2
Knockout checklist
Five binary gates — all must pass. Screens out structurally uninvestable candidates regardless of other merits.
S T A G E 0 3
Composite scoring
Ten weighted criteria across commercial, technical, regulatory, and financial dimensions. Threshold ≥ 65/100 to advance.
S T A G E 0 4
10× hurdle + IC
Base-case MOIC ≥ 10× required. Investment Committee majority vote. Full diligence and IC Memo required.
Domiciled in Switzerland.
Deployed globally.
GreenRunway Capital AG is headquartered in Zug, Switzerland — Europe's most trusted jurisdiction for emerging fund managers.
Whether you prefer to meet us in Zug or connect remotely, we are structured for the way early-stage investing works: transparent, responsive, and built for long-term founder and LP partnership. A place to gather, grow, and reconnect.