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Emerald Horizon Reaches Unicorn Status Following Vienna Stock Exchange Debut

Austrian clean energy company Emerald Horizon AG made history today, closing its first day of trading on the Vienna Stock Exchange (VIE: SMRX) with a market capitalisation above €1 billion, officially reaching unicorn status on the public markets.

Shares opened at €760.00 and climbed to a closing price of €1,010.00, a first-day gain of +32.89%. It marks a historic moment for Austria’s capital markets and a major milestone for the European deep tech ecosystem.

What Is Emerald Horizon?

Founded in Graz, Emerald Horizon is building the next generation of clean energy infrastructure. The company’s mission: make reliable, carbon-free energy available at scale, 24 hours a day, anywhere in the world.

Its technology portfolio spans two complementary solutions:

  • DUALstore PLUS: A market-ready hybrid energy storage system combining lithium iron phosphate (LFP) batteries, molten-salt thermal storage, and AI-driven energy management. Built to solve renewable energy’s biggest problem: what happens when the sun doesn’t shine and the wind doesn’t blow.
  • ADES (Accelerator-Driven Energy System): A thorium-based microreactor designed for carbon-free baseload power. Unlike conventional nuclear, ADES uses no uranium and relies on an externally controlled neutron source rather than a self-sustaining chain reaction — making it a fundamentally safer next-generation approach.

The Listing: Key Facts

Today’s admission to the Official Market of the Vienna Stock Exchange is a listing of all existing shares rather than a traditional IPO. Key details:

  • Ticker: SMRX (Vienna Stock Exchange, Xetra T7)
  • Opening price: €760.00
  • Closing price: €1,010.00 (+32.89%)
  • Market cap at close: >€1 billion
  • Market makers: Baader Bank AG and Hauck & Aufhäuser Privatbankiers AG

The listing was supported by Wiener Privatbank, with Venionaire Capital serving as a supporting advisor on the company’s path to the public markets.

At the opening bell ceremony, CEO Florian Wagner, VP Operations Philipp Pölzl, and VP International Relations Robert Holzmann formally welcomed Emerald Horizon to the public markets.

Why This Matters for European Deep Tech

Emerald Horizon’s debut is more than a single company milestone. It signals that Europe’s deep tech ecosystem is maturing, producing companies capable of tackling global infrastructure challenges and attracting serious capital market interest.

Deep tech listings of this scale remain rare in Austria and across continental Europe. Today’s unicorn valuation is a reminder that transformational energy companies don’t only come from Silicon Valley or Asia. They are increasingly being built right here.

What’s Next

A stock exchange listing is not an exit, it’s an accelerant. For Emerald Horizon, going public means greater transparency, broader stakeholder access, and more flexibility to fund the next phase of development.

The road ahead is long. Breakthrough energy technologies take years to scale, and success will depend on continued engineering execution, regulatory progress, and industrial partnerships. But the foundation is in place.

We congratulate Florian Wagner, Philipp Pölzl, Robert Holzmann, and the entire Emerald Horizon team. The future of energy is being built and today, it rang the opening bell in Vienna.

Watch the Full Podcast Interview with CEO Florian Wagner

To explore these ideas in more detail, listen to our latest Let’s Talk About Tech episode featuring Florian Wagner, CEO & Founder of Emerald Horizon.

KISAB Mandates Venionaire Capital to Structure Nine-Figure Private Equity Transaction

Vienna-based Venionaire has been commissioned by Kiselkarbid i Stockholm AB (“KISAB”) to structure and support the company’s next financing round. The mandate includes investor relations, investor communications, and strategic preparation for the financing, with a focus on growth-oriented private equity and strategic investors. The goal is to raise a total of more than 100 million euros, with a majority acquisition by an investor also being an option.

KISAB Mandates Venionaire Capital to Structure Nine-Figure Private Equity Transaction

KISAB and Venionaire Capital have entered into a strategic partnership to support the next growth phase of one of Europe’s most promising semiconductor companies.

Vienna-based Venionaire Capital AG has been appointed by Swedish silicon carbide (SiC) specialist Kiselkarbid i Stockholm AB (KISAB) to structure and support the company’s upcoming financing round. The mandate includes investor relations, investor communications, and transaction preparation aimed at growth-oriented private equity firms and strategic investors.

The financing initiative is designed around a nine-figure euro transaction, with both minority growth capital investments and a potential majority acquisition by a strategic or financial investor remaining possible outcomes.

KISAB and Venionaire: Supporting Europe’s Semiconductor Future

The collaboration between KISAB and Venionaire comes at a time when demand for advanced semiconductor materials is accelerating worldwide.

Headquartered in Kista, near Stockholm, KISAB develops and manufactures advanced silicon carbide semiconductor materials. The company’s products are used in high-growth sectors including electric mobility, power grid infrastructure, renewable energy systems, and industrial electronics.

As power electronics become increasingly important for electrification and energy efficiency, silicon carbide has emerged as a critical enabling technology.

KISAB’s 8-Inch Silicon Carbide Platform

At the center of KISAB’s growth strategy is its advanced 8-inch BPD-free n-type silicon carbide wafer platform.

The transition from smaller wafer formats to 8-inch production represents a significant technological milestone for the semiconductor industry. Larger wafers enable improved manufacturing efficiency, lower production costs, and increased scalability for next-generation power semiconductor devices.

As demand continues to grow, KISAB is preparing to significantly expand its production capabilities.

Building on a Strong Investor Base

KISAB has previously raised approximately €24 million through several financing rounds.

Publicly disclosed investors include:

  • Fairpoint Capital
  • Industrifonden
  • Ingka GreenTech
  • LPE

Through this new mandate, Venionaire Capital will support KISAB in refining its equity story, structuring investor outreach, and positioning the company for its next phase of industrial expansion.

How the KISAB-Venionaire Partnership Started

The relationship between KISAB and Venionaire originated through international business networks.

The collaboration was initiated following a visit by Venionaire Capital CEO Berthold Baurek-Karlic to Phoenix, Arizona, where he delivered a presentation to the International Trade Committee of the Arizona House of Representatives.

“We are delighted to support one of Europe’s most promising technology companies on its growth journey. It may seem somewhat paradoxical that two European companies connected through the United States, but it also demonstrates that pan-European collaboration is more important than ever. Such cooperation is essential if Europe aims to remain competitive with the United States as an economic region.”

— Berthold Baurek-Karlic, CEO, Venionaire Capital AG

Strengthening Europe’s Deep-Tech Ecosystem

The partnership between KISAB and Venionaire highlights the growing importance of European semiconductor innovation.

Global demand for advanced power electronics is being driven by electrification, energy transition initiatives, industrial automation, and the modernization of power infrastructure. Silicon carbide technologies play a central role in enabling these developments through improved efficiency, performance, and reliability.

By supporting KISAB’s next financing round, Venionaire Capital continues its mission of helping innovative European technology companies secure growth capital, attract strategic partners, and scale internationally.

Investors and strategic partners interested in learning more about KISAB and the upcoming financing opportunity are invited to contact Venionaire Capital directly.

WHERE TO FIND US

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A-1010 Vienna, Austria (EU)
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New York, NY 10016
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London N3 3LF
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28, Boulevard F.W. Raiffeisen
2411 Luxembourg
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Venionaire Capital exclusively invests through the European Super Angels Club, for more information and application please go to the website. We do not accept direct investment proposals via this website.