Innogy Ventures
ActiveVenture Capital
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Financial History
Total Raised
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Valuation
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Leadership Team
Key people at Innogy Ventures.
Key people at Innogy Ventures.
Key people at Innogy Ventures.
Innogy Ventures is the corporate venture capital arm of Innogy SE, a major German energy company, focused on investing in early-stage startups that drive innovation in the energy sector. Their mission centers on backing software-based, data-driven business models that align with the future utility industry, particularly in renewable energy, smart city solutions, mobility, IoT, and cybersecurity. They invest primarily in Europe, Israel, and North America, with typical funding rounds between €1 million and €5 million. Innogy Ventures supports startups by providing not only capital but also access to Innogy’s extensive industry network and operational expertise, thus significantly impacting the energy startup ecosystem by accelerating the transition to sustainable and digital energy solutions[1][6].
Founded in 2016 as the venture capital arm of Innogy SE, Innogy Ventures emerged to foster innovation within the energy sector by investing in promising startups. The firm evolved alongside Innogy SE’s strategic focus on renewable energy and digital transformation. In 2019-2020, following the acquisition of Innogy by E.ON, Innogy Ventures merged with E.ON’s innovation scouting and co-investment teams to form Future Energy Ventures, a larger fund (€250 million) that continues to invest in digital and scalable energy technologies. Key partners from Innogy Ventures, such as Jan Lozek, played pivotal roles in this transition, ensuring continuity and expanded reach for the venture activities[1][2][5].
Innogy Ventures rides the global trend of energy transition, digitalization, and decarbonization. The timing is critical as utilities worldwide shift towards renewable energy, smart grids, and digital services to meet climate goals and evolving customer demands. Market forces such as regulatory pressure, technological advances in IoT and AI, and increasing demand for sustainable energy solutions favor Innogy Ventures’ investment focus. By backing startups that develop scalable, asset-light digital technologies, Innogy Ventures influences the broader ecosystem by fostering innovation that reshapes energy production, distribution, and consumption[1][2][5].
Post-merger into Future Energy Ventures, the firm is positioned to leverage a larger capital base and combined expertise to deepen its impact on the energy sector’s digital transformation. Future trends likely to shape their journey include the rise of AI-driven energy management, predictive maintenance, decentralized energy systems, and smart city infrastructure. Their influence is expected to grow as they continue to identify and scale startups that enable utilities to become more efficient, sustainable, and customer-centric, reinforcing their role as a key player in the evolving energy landscape[2][5]. This evolution ties back to their original mission of driving innovation to create a cleaner, smarter energy future.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2025 | Pistachio | $7.0M Series A | — | b10 |
| Jul 1, 2020 | SOLshare | $1.0M Series A | — | — |
| Jul 1, 2020 | Lean Technologies | $4.0M Seed | — | 11k Ventures, 8VC, Ballistic Ventures, Bam Ventures, Cubit Capital, Drive Capital, E1 Ventures, Founders Fund, Future Energy Ventures, General Catalyst, Goat Capital, Jungle Ventures, Outliers Capital, Polygon, Prime Movers Lab, Tribe Capital, Unpopular Ventures, White Star Capital, Y Combinator, Emil Lee, Gokul Rajaram, Joshua Reeves, Kevin Lin, Louis Beryl, Mark Cuban, Natasha Ahmed, Samvit Ramadurgam, Thomas Tull, Vivek Patel, Zachary Hargreaves |
| Sep 1, 2018 | SOLshare | $2.0M Series A | — | — |
