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§ Venture Capital · Palo Alto, CA, USA
Corporate venture capital fund investing in early-stage startups focused on energy transition and sustainability.
Innogy New Ventures is the venture capital arm of innogy SE, based in Germany, investing in early-stage startups focused on environmental and social impact across Europe, Israel, and North America. The fund targets companies in their first or second institutional funding rounds, deploying initial check sizes ranging from €1 million to €5 million. Operating with a financial investor mindset, its primary objective is to generate superior returns through profitable exits from its equity stakes. Its parent, innogy SE, was a significant European utility company, originally spun off from RWE. Innogy SE was subsequently acquired by E.ON, with the share transfer completed in September 2019, leading to a merger in 2020. Innogy SE itself was founded on April 1, 2016.
Innogy New Ventures has 2 tracked investments across 1 company. The latest tracked deal is $1.0M Series A in SOLshare in July 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 1, 2020 | SOLshare | $1.0M Series A | Impact Investment Exchange | Innogy Ventures, EDP Ventures |
| Sep 1, 2018 | SOLshare | $2.0M Series A | Sonia Bashir Kabir | Innogy Ventures, 2040vc, Bangladesh Youth Leadership Center, Bestseller, BUETian Investor Network, DF Impact Capital, EDP Ventures, Future Energy Ventures, Impact Investment Exchange, MicroEnergy International, Planet Rise, Synapses |