Future Energy Ventures Takes a Leap Towards Sustainable Innovation with €110 Million Fund

We are delighted to share with you a momentous achievement in our journey towards a sustainable future here at Future Energy Ventures (FEV). Since 2016 we have been active in the energy-tech ecosystem for E.ON and innogy with its 50 companies strong portfolio, today marks the next step on our journey having established a fully independent new multi-LP fund.

At Future Energy Ventures we understand the importance of smart innovations for a cleaner and greener planet, and thus are grateful to that E.ON and the European Investment Fund (EIF) anchor this SFDR article 9 fund targeting €250 million. €110 million are secured until now, which will be exclusively dedicated to founders accelerating the energy transition. We are truly grateful for our partners’ support and look forward to working together to achieve a brighter future for all.?

A Pioneering Move for Sustainability?

As we proudly stand at the forefront of the clean energy economy, the figures from Atomico's State of European Tech echo the sentiment, revealing that the "Carbon & Energy" sector, which includes "Climate Tech," has tripled its share of total investment since 2021. In 2023, 27% of the total capital invested in European technologies found its way to the 'Carbon & Energy' sector, surpassing fintech and software.??

The data underscores the continued appeal of sustainability, with 'climate' and 'sustainability' sectors securing the second-largest financing rounds of less than five million US dollars. This vibrant landscape of entrepreneurship in the early stages has inspired FEV to take a bold step.?

A €250 Million Fund for Energy Transition?

The newly announced fund, with a current volume of €110 million and a target size of €250 million, signifies a substantial commitment to digitalising the energy transition. Anchored by E.ON and EIF, the fund is set to primarily invest in start-ups and scale-ups developing digital solutions to drive the energy transition.?

Three Core Investment Themes?

The capital will be directed towards sustainable investments across three core themes – future energy, future cities, and future technologies. With an average initial ticket size of €1-10 million for early-stage investments, the fund aims to make 30 new investments in the innovation hubs of Europe, North America, and the Middle East.?

Personal Commitment to Decarbonization?

Jan Lozek , Founder and Managing Partner of FEV, expressed, The clean energy economy is the greatest business opportunity of our generation, and we are excited to be raising our second fund at this pivotal moment." He emphasized FEV's unique position to drive digitization and decarbonization, thanking investors and looking forward to discussions with those who share their vision.?

Strategic Collaborations for a Sustainable Future?

Marjut Falkstedt, European Investment Fund (EIF) Chief Executive, highlighted the alignment of this investment with EIF's strategic objectives, emphasizing the importance of better managing our energy needs.??

Thomas Birr , Chief Strategy and Innovation Officer at E.ON sees the newly established fund as a milestone, integrating Climate-Tech and digital solutions into E.ON's business for a transformative impact.?

Closing Thoughts and Future Prospects?

With FEV already running one of the largest global funds investing in Climate-Tech, the newly established fund is expected to hold its final closing in the fourth quarter of 2024. This venture is not just an investment; it's a testament to the commitment of Future Energy Ventures, E.ON, and EIF to lead the way in building a sustainable and innovative future.?

About Future Energy Ventures?

?Future Energy Ventures (FEV) supports ready-to-scale, world-class start-ups accelerating the energy transition and decarbonising society. Founded in 2016, FEV announced the first closing of Fund II, an SFDR Article 9 fund, in January 2024.?

About E.ON?

E.ON is an international investor-owned energy company headquartered in Essen, Germany, focusing on energy networks and customer solutions. As one of Europe's largest energy companies, E.ON plays a leading role in shaping a clean, digital, decentralized world of energy.?

?About European Investment Fund?

The European Investment Fund (EIF) is part of the European Investment Bank Group, supporting Europe’s micro, small, and medium-sized enterprises (SMEs) by helping them access finance and fostering EU objectives in innovation, research and development, entrepreneurship, growth, and employment.?