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Future Energy Ventures: 110 million euro fund for the energy transition

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Future Energy Ventures: 110 million euro fund for the energy transition

Good news for the greentech business: Future Energy Ventures (FEV) has launched a new independent fund together with the energy company E.ON and the European Investment Fund (EIF) to support climate tech startups. The volume of the fund is 110 million euros. Together we want to promote intelligent innovations for the energy transition.

Financial driver for clean energy solutions

The newly established fund already has a volume of 110 million euros, with its target size being 250 million euros. The anchor investors E.ON and EIF have invested a double-digit million amount. Together they want to invest in startups and scaleups that develop and implement digital solutions for the energy transition. The focus is on three core areas: Future Energy, Future Cities und Future Technologies. It is also emphasized how important it is that the startup’s solutions have decarbonization potential.

One to ten million euros for early-stage investments

The funding starts with an average of one to ten million euros for the early phase of investments. The fund is targeting 30 new investments in the innovation centers of Europe, North America and the Middle East. Future investors should also benefit from the partners’ expertise in the energy sector. According to FEV, the fund is expected to close to investors in the fourth quarter of 2024. “We look forward to further discussions with potential institutional and strategic investors who share our vision,” says Jan Lozek, founder and managing partner of FEV.

27 percent of the capital invested in Europe for “Carbon & Energy”

As reported by welt.de, investments for German startups fell by almost two thirds in 2023 (65 percent) – compared to the record investment year of 2021. Almost 17.4 billion were invested in the startup scene. “Against this background, the announcement of the new fund represents an important pointer for the sustainable technologies industry”; so for Future Energy Ventures.

But the “Carbon & Energy” sector was also able to do very well in terms of financing in the previous year. According to a report on the tech ecosystem by “State of European Tech”, around 27 percent of the total capital that flowed into European technologies was spent on “Carbon & Energy”, which also includes the Climate Tech area. Total investments have tripled since 2021. No other sector has managed to raise more capital, including artificial intelligence. This meant that Carbon & Energy companies also overtook Fintech and Software.

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