Future Energy Ventures launches with $295 M portfolio
Venture capital platform for active collaboration and scaling focused on investments in future energy in its widest sense
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Germany, Berlin: Venture capital platform for active collaboration and scaling focused on investments in future energy in its widest sense
Future Energy Ventures, a venture capital platform that invests into digital technologies and digital business models redefining the energy landscape, has launched with $295 M (€250 M) million invested capital in its portfolio. The new fund is a venturing and collaboration platform of energy company E.ON, investing in digital and digitally enabled technologies that have potential to redefine future energy landscape – providing funding, mentoring and connections to accelerate their growth trajectory.
The launch of Future Energy Ventures follows the completion of E.ON’s acquisition of innogy and brings together an enviable level of expertise and experience in investing and scaling future energy focused start-ups from across the E.ON and innogy venturing teams to create an industry leading venturing platform.
The fund led by Ines Bergmann-Nolting and Jan Lozek, focuses on digital, scalable and asset-light businesses transforming the energy ecosystem seeking Series A and beyond, funding those showing evidence of a product-market-fit.
“The entire energy ecosystem is being transformed by technology at an ever-accelerating pace creating significant investment opportunities,” said Jan Lozek, Managing Partner at Future Energy Ventures. “Not only is the traditional energy supply chain moving towards smart generation and storage, but individuals, buildings and entire cities are becoming smarter and more connected, fundamentally redefining the role of energy in society. We are committed to accelerating the energy transformation by investing in and supporting the growth of the innovative businesses and business models that will help create and shape that future.”
The Future Energy Ventures portfolio consists of promising start-ups previously invested in by E.ON and innogy’s venturing entities, including: Bidgely, Holobuilder, Intertrust, Thermondo and T-Rex. A key element of Future Energy Ventures’ value creation approach is its institutionalised collaboration platform and cultivation of an ecosystem of highly committed partners to accelerate the growth of its portfolio companies.
Source: E.ON