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Bloomberg’s Michael Wilshire analyses clean energy investment activity and trends

Ecosummit TV: Michael Wilshire, Director of Analysis at Bloomberg New Energy Finance (BNEF), talks about clean energy investment activity and trends at ECO13 London. BNEF provides independent market intelligence to investors and researches into the massive clean energy industry with a focus on policy, technology, economics, finance and supply chains. Clean energy attracted $281B of new investments in 2012 of which a small but important portion is VC and PE driving innovation.

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Mats Pettersson pitches Ecofective from Sweden

Ecosummit TV: Mats Pettersson pitches Ecofective at ECO13 London. The Swedish-German startup focuses on energy cost savings in existing buildings by using their energy management system called EE2. Founded in 2009 as a consulting firm, Ecofective pivoted in 2012 to become a product company and sell a cost-effective solution for the mass market of multi-tenant and small office buildings. Moreover, Ecofective is getting ready for Energy Performance Contracting (EPC) as a mechanism to accelerate the rollout of their smart green building solution. EE2 enables cost savings of 13-25%, has been installed in over 120 buildings in Sweden and Germany and was approved by the Fraunhofer Institute for Building Physics.

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Mads Jensen pitches Sefaira

Ecosummit TV: Mads Jensen pitches Sefaira at ECO13 London. Buildings are complex systems which integrate many interdependent smart green technologies including building materials, orientation, air ventilation, glazing, insulation, shading, heating, cooling and lighting. To optimise this system Sefaira makes software for high performance building design and enables architects to analyse their designs until they are perfect in terms of energy footprint and cost of operations. Founded in 2009, the UK-US startup launched in 2012 and convinced over 200 architecture firms to use the software in their building design process. Sefaira raised €13M ($18M) from Chrysalix SET, Braemar Energy Ventures and Hermes GPE and won the Ecosummit Award 2013 Gold medal. We like the way Sefaira fosters smart green cities and are happy that Mads joined our Ecosummit Advisors.

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Claire Cockerton presents the future city accelerator Level39

Ecosummit TV: Claire Cockerton presents the future city accelerator Level39 at ECO13 London. Based in Canary Wharf and backed by the Canary Wharf Group, Level39 is a technology accelerator specialised in fostering startups in the financial, retail and smart green city industries. While Level39 does not invest, they provide affordable office space which in some cases may be sponsored by a corporate. Moreover, the accelerator facilitates coaching sessions with mentors and business relationships with local companies that act as pilot customers for bringing new services to the market. Level39 welcomes startups from all over the world that want to touch down in the Docklands to co-invent the city of the future.

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Smart green VCs you should know

Ecosummit connects smart green startups, investors and corporates to accelerate smart green innovation. Since 2010, we got to know many smart green VCs and have written short profiles that are updated frequently. Many VCs prefer backing late stage startups that have reached substantial revenues (€5M plus), recruited experienced management teams, successfully executed their business plan and reduced the technology and market risk. At the same time, there are investors who love early stage entrepreneurs that are just about to take their technology innovation from lab to fab and to the market. The result are different investment strategies and USPs that startups should know before pitching. Our list presents 34 cleantech VCs and selected portfolio companies of which many regularly join our Ecosummit events in Berlin and London.

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Rene Savelsberg pitches the investment strategy of Chrysalix SET

Ecosummit TV: Rene Savelsberg pitches the investment strategy of Chrysalix SET at ECO13 London. The Amsterdam-based smart green VC was founded in 2007 and invests in technology companies that are in the early growth stage and have a sustainable impact on the future use of energy. As their first SET Fund I of €40M is fully allocated, Rene and his general partners (GPs) are raising their second SET Fund II targeting €100M. This fund size enables a larger portfolio and management team as well as investing more capital per startup in multiple follow-on rounds without dilution. VCs typically want to increase rather than decrease their position in the best performing startups in their portfolio.

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Christoph Ostermann pitches Sonnenbatterie from Wildpoldsried

Ecosummit TV: Christoph Ostermann pitches Sonnenbatterie at ECO13 London. The solar battery integrates energy storage with residential PV systems. The intelligent storage solution has got a built-in smart meter that enables the management of local energy production and consumption. By using a mobile app the houseowner decides whether to feed-in or directly consume the homemade electricity. Sonnenbatterie is backed by eCapital and their sales curve looks beautiful. Founded in 2010, Sonnenbatterie launched in 2011 and enjoys €11M revenues in 2013. At ECO13 Berlin, Sonnenbatterie won the Ecosummit Award Jury Bronze medal in recognition of their outstanding business potential. In our opinion, Christoph and his team of Bavarian grid parity surfers are one of the hottest cleantech startups in Germany.

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Smart green dealflow: E-volo crowdfunding, Lock8, Yetu, Thermondo and Zim Plant Technology exit

5 startups that pitched at Ecosummit conferences in the past celebrate new funding rounds. Within 3 days, 9 hours and 52 minutes electric aviation pioneer E-volo raised €1.2M in a record-breaking crowdfunding event on Seedmatch. Just in time, the Karlsruhe-based cleantech startup managed the first unmanned flight with the prototype of their green Volocopter VC 200 (see video below). Ecosummit contributed €1K and joined a group of 750 fearless crowd investors that agree that this worldwide innovation is ready for take off. With the help of E-volo Seedmatch established firmly as Germany’s leading crowdfunding platform for startups having raised over €10M for 50 projects since August 2011.

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Harry Böhme tells the cleantech exit story of Novaled to Samsung

Ecosummit TV: CFO Harry Böhme tells the cleantech exit story of Novaled to Samsung at ECO13 London. Founded in 2001, the Dresden-based startup is a world leader in OLED (Organic LED) materials and Samsung is the biggest customer. In September 2011, Corporate VC Samsung Ventures invested and Novaled’s management made sure to limit Samsung’s stake and control to 10%. 2 years later, Samsung Cheil Industries (aka Samsung Chemical) and Samsung Electronics acquired the remaining 90% for €260M, including an earnout of €30M bound to reaching further milestones. Novaled’s revenues grew from €10M in 2010 to €26M in 2012 (price sales ratio of 10). With €29M of venture capital injected in Novaled the returns are pretty healthy.

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Patric Gresko presents the European Investment Fund

Ecosummit TV: At ECO13 London, Patric Gresko gives an update on the cleantech activities of the European Investment Fund. Patric is the EIF’s resident Mr. Cleantech who wants to increase the support for cleantech VCs. In particular, the EIF is interested in training and funding first-time management teams as a way to grow the number of active cleantech investors in Europe. The EIF is Europe’s leading fund-of-fund with €12B of assets under management of which €3.8B go into early stage VCs. Since 2006, €280M were invested in 12 pure play cleantech funds managed by 9 fund managers (VC firms). A few more fund investment deals are in the pipeline.

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Henrik Olsen pitches Environmental Technologies Fund

Ecosummit TV: Henrik Olsen pitches Environmental Technologies Fund at ECO13 London and talks about how to build capital-efficient companies that have big environmental impact. Fuel is running out – we have limited resources. Consequentely, everybody in the cleantech startup and investor community tries to make better use of these resources. In fact, capital is also a limited resource and that’s why we need to use it very productively. During the last years, the number of investments has grown but with smaller amounts of capital – a good proof that the whole industry is working on using money more efficiently.

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Pedro Pires de Miranda envisions the smart green urban future for Siemens

Ecosummit TV: Siemens is not Apple. While Steve Jobs envisioned a new HQ from outer space for 12.000 employees, Pedro Pires de Miranda just wanted a smart green city technology showcase, conference centre, public exhibition and cutting edge sales office for the Siemens competence centre Cities. 18 months and €60M later, The Crystal opened doors in September 2012 and already upgraded more than 120.000 visitors to a new understanding of our urban future. 2 weeks ago we celebrated Ecosummit London 2013 at Siemens’ new urbanity palace.

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