Our list features 106 smart green VCs in Europe, selected portfolio companies and recent deals. These outstanding impact investors back startups in climate tech, energy, mobility, cities, materials, food and circular economy to generate environmental, financial and strategic returns for their LPs.
In the VC food chain, early stage investors prefer to invest, at lower valuations and higher risk, in the Seed and Series A of young startups working on product market fit and traction (customers, revenues). Late stage VCs join startup cap tables from Series B onwards, expecting more than €5M revenues, experienced management teams, positive unit economics and fast growth.
Facing climate change, technology revolution and global competition, many corporates are also active in corporate venturing and open innovation to invest in and cooperate with startups. Thus, VCs follow different investment strategies to build their portfolios that startups should know before pitching. The better the startup, the more VCs make an effort to get into the deal.
Get your tickets and join our 15th anniversary Ecosummit Berlin 3-4 June 2025 to meet fundraising startups and active investors in the best event location in Berlin.
SET Ventures
Amsterdam-based SET Ventures (Europe - early and late stage) built a very strong energy portfolio including Sensorfact (21.01.25: Exit to ABB, 18.07.2023: €25M Series B), Instagrid (Instagrid raises €88M Series C led by Teachers’ Venture Growth), ESFORIN, Hydrogrid, Energyworx, Frequenz (26.11.2024: €10M follow-on, 06.10.2022: €13M Series A), Easelink, Vilisto, Tibo Energy, Green Eagle Solutions (19.12.2023: €6M Series A) and Etpa (13.11.2024: €5.5M). On 5 September 2024, SET Ventures announced the closing of Fund IV at €200M.
Kiko Ventures
Kiko Ventures (Europe, Australia - early and late stage) is a London-based evergreen fund focused on climate tech that invested in Mantle8 (07.02.2025: €3.4M Seed), AirForestry (10.10.2024: €10.3M Seed), First Light Fusion, Hysata (08.05.2024: $111M Series B), Bramble Energy, Tado (17.03.2025: €30M Growth from Panasonic), Mixergy (04.03.2025: £12M post-Series B), OXCCU, Oxa, Barocal, Alithic, RFC Power and Vytal (11.03.2025: €14.2M post-Series B).
Future Energy Ventures
Future Energy Ventures (FEV) (Europe, Israel, USA - early and late stage) invests in future energy, future cities and future technologies and is backed by E.ON. The large portfolio includes Prisma Photonics (13.09.2023: $20M Series C), Nuventura (26.10.2023: €25M Series A), Tado (17.03.2025: €30M Growth from Panasonic), Esmart Systems (01.11.2024: €30M), Lumenaza, Piclo (22.03.2023: £8.3M Series B), Virta, EV.energy (27.03.2023: $33M Series B) and Reev (14.05.2024: €10M Series A). On 30 January 2024, Future Energy Ventures announced the first close of Fund II at €110M and added new LPs including Sabanci Climate Ventures, ABN AMRO, KfW Capital in the recent months.
Energy Impact Partners
Energy Impact Partners (global - late stage) is a big energy VC with over $4B AUM (Assets under Management) aggregating many utilities as fund investors. The portfolio includes Instagrid (Instagrid raises €88M Series C led by Teachers’ Venture Growth), Reverion (13.09.2024: $62M Series A), Electric Hydrogen, EV.energy, Hometree, Esmart Systems and Mill.
Inven Capital
Inven Capital (Europe, Israel - late stage) is the corporate VC of the Czech utility CEZ Group. Inven's portfolio includes Sunfire, Tado (17.03.2025: €30M Growth from Panasonic), Hometree, Eliq, Hydrogrid, Ember and Vytal (11.03.2025: €14.2M post-Series B).
Alantra Klima Fund
Madrid-based Alantra Klima Fund (Europe, USA - late stage) is a €210M late stage fund focused on the energy transition that invested in 8 startups: Echandia (03.03.2025: €19.6M), Swtch, GridBeyond, Eturnity, Enmacc, Sunroof, Meteomatics and Mainspring.
High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) (Germany - early stage) is Germany's leading Seed investor which €1.4B AUM, 45 fund investors (limited partners), more than 750 investments and over 180 exits and IPOs. The active portfolio of HTGF includes Instagrid (Instagrid raises €88M Series C led by Teachers’ Venture Growth), Proxima Fusion, Heliatek, Ineratec, Node.energy, Rabot Charge (31.01.2024: €17.5M Series A), Resourcify, Caeli Wind, Refuel.green and Traceless Materials.
Emerald Technology Ventures
Founded in 2000, Emerald (Europe, North America, Asia - early and late stage) invested in over 60 startups, manages their own and corporate venturing funds on behalf of corporates and enjoys a strong track record of exits. Emerald's portfolio includes Enspired, Ineratec, Eologix-Ping, Takadu, Nanograf, Colibri Energy, xFarm and Vytal (11.03.2025: €14.2M post-Series B).
SEB Greentech VC
SEB is a Swedish bank that is very concerned with our planetary boundaries and, in particular, climate change. That's why they started a smart green coporate VC unit investing from the balance sheet. SEB Greentech VC (Europe - early and late stage) provides patient capital and the portfolio includes Echandia (03.03.2025: €19.6M), CorPower Ocean (16.10.2024: €32M Series B1), AirForestry (10.10.2024: €10.3M Seed), ESFORIN, Qvantum, ClimateView, Metry and Rocsys.
First Imagine Ventures
First Imagine Ventures (Europe - early and late stage) invests in startups accelerating the energy transition and its portfolio includes Solar Materials (04.06.2024: €12.2M Series A), Pionierkraft (10.10.2024: undisclosed Series A), Dryad, Lumenaza, EH Group, Voltaware and Heliovis.
Breakthrough Energy Ventures
Breakthrough Energy Ventures (BEV) (Global - early and late stage) was initiated by Bill Gates and has got €3.5B AUM. The strategy is to invest in early stage startups with disruptive technologies that can make the world a better place and accelerate the global energy transition to a 100% renewable energy system. The goal is to massively reduce carbon emissions in five key areas: electricity, transportation, agriculture, manufacturing and buildings. Breakthrough provides patient, risk-tolerant capital and that's badly needed by capital-intensive hardware startups. The BEV portfolio includes Redwood Materials, Lilac Solutions, Boston Metal, Form Energy, Electric Hydrogen, H2Pro, H2Site, Heart Aerospace, Zeroavia, Pachama and Dioxycle.
Norrsken VC
Norrsken VC (Europe - early and late stage) is a Stockholm-based climate tech VC whose portfolio includes Northvolt, Syre, Einride, Heart Aerospace, Alight, ClimateView, Ceezer, Granular Energy, Alcemy, Fever, Vind.ai (11.09.2024: €3M Seed) and SpotmyEnergy (11.12.2024: €10,5M Seed) and. On 14 May 2024, Norrsken announced the final closing of Fund II at €320M.
Aenu
Aenu (Europe - early and late stage) is a German VC whose climate tech portfolio includes Hometree, Tesvolt, Voltfang (04.10.2024: €8.1M Series A), Alcemy, Monta, Dance, Ember and Trawa. On 11 September 2024, Aenu announced the closting of Fund I at €170M.
World Fund
World Fund (Europe - early and late stage) is a Berlin-based €300M climate tech VC whose portfolio includes Ecoworks (14.12.2023: €40M), Cylib (11.09.2024: €55M Series A), Customcells (08.12.2022: €60M Series A), Vaeridion (19.12.2024: €14M Series A), Sunroof, Aedifion and IQM.
Extantia
Berlin-based Extantia (Europe - early and late stage) manages a fund-of-fund and also makes direct investments in climate tech startups including Vamo (21.10.2024: €10M Seed), Ineratec, Reverion (13.09.2024: $62M Series A), Phlair, H2Pro, Leko Labs, Betteries, RepAir, Epoch Biodesign (05.03.25: $18.3M Series A) and Vema Hydrogen (18.02.2025: $13M Seed).
InnoEnergy
InnoEnergy (Europe - early stage) is financed by EIT and a large number of European companies. They have over 200 portfolio companies including Nexwafe, CorPower Ocean (16.10.2024: €32M Series B1), Pionierkraft (10.10.2024: undisclosed Series A), Suena, Volytica Diagnostics, Phytonics and Swobbee. InnoEnergy also organises the event TBB that we regularly attend.
Encevo
Encevo (Europe - early stage) is the utility in Luxembourg and their corporate venturing portfolio includes R8 Technologies, Ezzing, DataThings, Energiency, Ewattch, Ampacimon, Amperecloud, Renewabl and Gridio (27.01.2025: €2.4M Seed).
EDF Pulse Ventures
EDF Pulse Ventures (Europe, USA - early and late stage) is the corporate VC arm of the French utility EDF that makes fund investments as well as direct investments in smart green startups. Since 2017, EDF Pulse Ventures invested €500M in 23 startups and 16 VC funds. The portfolio includes NatureMetrics (14.01.2025: $25M Series B), Sweetch Energy (18.12.2023: €25M Series A), Carbon8, Enerbrain and PowerUp.
Engie New Ventures
Engie New Ventures (Europe, USA - early and late stage) is the CVC of the French utility Engie. Their portfolio includes GravitHy (26.03.2025: €60M Growth), Energyworx, Ineratec, H2Site and Vyntelligence.
Eneco Ventures
Rotterdam-based Eneco Ventures (Europe - early and late stage) is the CVC of the most innovative utility in the Netherlands, working hard on their transformation to a smart green utility. The portfolio includes Gradyent, 42watt, Klimate and Solar Monkey.
Energie 360°
Energie 360° (Europe - early stage) is a Swiss utility whose corporate VC unit likes to invest in the early stage mainly in Switzerland, Germany and Austria. The active portfolio includes VoltStorage, Stabl Energy, Suena, Enersis, Service4Charger, ChargeX, Necture (13.04.2024: €7M Series A), Insolight and Ucaneo (11.03.2025: €7M Seed Extension, 10.09.2024: €6.75M Seed).
Blue Earth Capital
Blue Earth Capital (Global - late stage) is a Swiss global impact investment firm with $1.2B AUM that invested in CarbonCure, Quatt (17.07.2024: €25M Series A), Reev (14.05.2024: €10M Series A) and Sunfire.
Astanor Ventures
Astanor Ventures (Europe, USA - early and late stage) is a Belgian agrifood VC investing in food and agtech and the portfolio includes Calyxia, Bettafish, MicroHarvest, Planetary, Reshape and Ynsect. On 19 September 2023, Astanor announced the final closing of Fund II at €360M.
Planet A Ventures
Berlin-based Planet A Ventures (Europe - early stage) invests in early stage climate tech startups such as Pulsetrain (19.03.25: €6.1M Seed), Podero (06.02.25: €5.5M Seed), Vaeridion (19.12.2024: €14M Series A), Ineratec, Phlair, Dance, C1 (19.03.2025: €15M), Goodcarbon, Traceless Materials and Optiml.
468 Capital
Berlin-based 468 Capital (Europe, USA - early and late stage) invests in climate, energy, AI and automation and the portfolio includes Ostrom, Frequenz, Terra One (25.04.2024: €7M Seed), Jua, Goodcarbon and Metergrid.
Lightrock
Lightrock (Europe, USA - early and late stage) is an impact investor in Luxembourg backing climate tech startups such as Aerones (Aerones raises $30M Series A led by Lightrock and Haniel), Sunfire, Mainspring, Velocys and Group14.
ETF Partners
ETF Partners (Europe - early and late stage) is a London-based sustainable innovation VC that invested in Dexter Energy, Aiperia, Open Cosmos (11.09.2023: $50M Series B), Shipzero, Zeelo, Worldsensing, Vulog, Flyability and Urbantz. On 21 May 2024, ETF Partners announced the closing of its Fund IV at €285M.
HV Capital
HV Capital (Europe, USA - early and late stage) has over €2.8B AUM and backs startups from Seed to exit. The climate tech portfolio includes Marvel Fusion (27.03.2025: €113M Series B extension, amount includes 26.09.2024: €62.8M Series B), Green Fusion (21.01.2025: €12M Series A), Rabot Charge (31.01.2024: €17.5M Series A), Ceezer, Ecoplanet (27.03.2024: €3.5M Seed) and Enpal.
Vireo Ventures
Berlin-based Vireo Ventures (Europe - early stage) is focused on the electrification of our planet with a fund target size of €50M investing in Pre-Seed, Seed and Series A. The promising portfolio includes Reshape Energy (11.03.2025: €5M Seed), About Energy, Amperecloud, Green Fusion (21.01.2025: €12M Series A), Scale Energy (20.02.2025: €2M Seed), Pionix, Flexecharge, ZeroMission, Encentive, Atmen, Lichtwart, E-Mobilio (pre-fund portfolio) and Granular Energy (pre-fund portfolio).
Junction Growth Investors
Junction Growth Investors (Europe - early and late stage) is a new €115M energy transition VC from Belgium that invested in Eturnity, Ampacimon, Haulogy, Hysopt, EET, Solora and Eneida.
Greencode Ventures
Greencode Ventures (Europe - early stage) is a new smart green transition VC from Finland with a current fund size of €70M. Portfolio: Supercritical, LiveEO, Flexecharge, Southern Lights, ZeroMission, Synergi and Repath (25.09.2024: €3.6M Seed).
PT1
Berlin-based PT1 (Europe - early stage) invests in early stage climate tech startups with a focus on real estate, construction and energy. The portfolio includes Ecoworks (14.12.2023: €40M), Voltfang (04.10.2024: €8.1M Series A), Terra One (25.04.2024: €7M Seed), Autarc, Climate X, NeoCarbon and 42watt.
Pale Blue Dot
Pale Blue Dot (Europe, USA - early stage) is a Swedish early stage climate tech VC with €180M AUM that also runs The Drop. The portfolio includes Ember, Varm, Monta, Paebbl, Pionix, Cirplus and Brineworks.
Sandwater
Oslo-based Sandwater (Europe, North America - early and late stage) is a new €125M climate tech and impact VC that invested in ClimateView, Evyon, Powall, Antec Biogas and Oyster.
SE Ventures
SE Ventures (Global - early and late stage) is the corporate VC of Schneider Electric that has allocated €1B for direct startup and fund investments. The portfolio includes Ostrom, Prisma Photonics, Synapticon and Verkor.
Siemens Energy Ventures
Founded in 2021, Siemens Energy Ventures (Global - early and late stage) is the corporate VC arm of Siemens Energy that invests globally in smart green startups that accelerate the energy transition. Moreover, the team also manages the open innovation activites which means that Siemens Energy becomes a client of innovative startups. Finally, Siemens Energy Ventures also gets involved when internal ideas are incubated and spun out. The portfolio includes Square Robot, Seurat and Wirescan.
ABB Technology Ventures
Founded in 2009, ABB Technology Ventures (ATV) (Global - early and late stage) is a corporate VC which brings the global technology and distribution power of ABB to the table. The swiss corporate didn't allocate a dedicated fund but makes investment decisions deal by deal if a business unit sponsors them. ATV's portfolio features Northvolt, Graphmatech, Freewire, PointGrab and Oktogrid.
Honda Xcelerator Ventures
Honda Xcelerator Ventures (Global - early and late stage) is the CVC arm of Honda that invested in Reverion (13.09.2024: $62M Series A), Ineratec, Sonocharge Energy and Tozero (11.12.2024: €11M Seed).
BMW i Ventures
BMW i Ventures (Global - early and late stage) is the CVC arm of BMW and invests in cutting-edge startups redefining the automotive industry. Headquarted in Silicon Valley, the portfolio includes Boston Metal, DeepDrive (19.09.2024: €30M Series B), Heycharge, Nauto, Graphcore, Tekion and Zum.
Toyota Ventures
Toyota Ventures (Global - early and late stage) is the CVC arm of Toyota and invests in AI, mobility, autonomy, robotics, smart cities and climate technologies offering scalable solutions for carbon neutrality. Headquarted in Silicon Valley, the portfolio includes Supercritical (11.03.2025: £14M Series A), Renewabl, Relectrify, AM Batteries, Autobrains, CaPow and May Mobility.
Climate Investment
Climate Investment (Global - early and late stage) is an independent fund co-founded by members of the Oil and Gas Climate Initiative (OGCI). The portfolio includes Metron (22.11.2024: €12.5M Series B), Boston Metal, 44.01, Zeitview and Zum.
Aramco Ventures
Aramco Ventures (Global - early and late stage) is the corporate VC unit of the oil and gas company Aramco in Saudi Arabia. Investing out of 3 funds, Aramco Ventures built up a big portfolio with over 100 companies including Ucaneo (11.03.2025: €7M Seed Extension, 10.09.2024: €6.75M Seed), Nexwafe, Dendra, OXCCU, Boston Metal, Noon Energy, Form Energy and Hydrogen Mem-Tech.
BP Ventures
BP Ventures (Global - early and late stage) was set up more than fifteen years ago to identify and invest in disruptive energy startups. Since then, the CVC invested over $1B in over 70 startups and VC funds. The portfolio includes Hysata (08.05.2024: $111M Series B), StoreDot, Freewire, Grid Edge, Voltaware, Service4Charger and Phelas.
Shell Ventures
Shell Ventures (Global - early and late stage) is the corporate VC of Shell. The Dutch oil and gas corporate is active in renewable energy and corporate venturing for a long time. The portfolio includes Supercritical (11.03.2025: £14M Series A), Heaten, Kraftblock and Zeroavia.
Equinor Ventures
Equinor Ventures (Global - late stage) is the corporate VC fund of Equinor from Norway that was established in February 2016. Their portfolio includes Oxford PV, Mainspring, Reactive Technologies and Esmart Systems.
UVC Partners
Munich-based UVC Partners (Europe - early stage) is part of the startup ecosystem UnternehmerTUM and backs early stage startups such as DeepDrive (19.09.2024: €30M Series B), Stabl Energy, Planqc, Twaice, Predium, ChargeX, Reel and Proxima Fusion.
Speedinvest
With offices in Berlin, London, Paris, Munich, and Vienna, Speedinvest (Europe - early and late stage) is an operational VC with €1B AUM that invested in Cylib (11.09.2024: €55M Series A), Twaice, Resourcify, Purpose Green (07.10.2024: €14.8M Series A), Breathe, Tibo Energy, Trawa, Timberhub, Necture (13.04.2024: €7M Series A) and NeoCarbon.
NordicNinja
NordicNinja (Northern Europe - early and late stage) is a Japanese backed climate tech and deeptech VC investing in Series A and B with €2-8M tickets. The portfolio includes CorPower Ocean (16.10.2024: €32M Series B1), Tozero (11.12.2024: €11M Seed), Bolt, Voi, LiveEO, ClimateView, Starship and Einride.
Energy Revolution Ventures
Energy Revolution Ventures (Global - early stage) is an early stage climate tech VC investing in hydrogen, energy storage, carbon capture and advanced materials. The portfolio includes Blixt (02.07.2024: €5M Seed), Green Li-ion (16.03.2023: $20.5M Pre-Series B), Anthro Energy, Oort Energy and Quino Energy.
Sustainable Future Ventures
Sustainable Future Ventures (Europe, USA - early and late stage) is an independent VC at the intersection of climate tech and the built environment. The €58B real asset investor Patrizia is the anchor investor of SFV and provides access to their huge network. SFV makes its first investments from Late Seed to Series B and recently invested in Piclo and Leap.
Climentum
From their offices in Copenhagen, Berlin and Stockholm Climentum (Europe - early stage) invests in European early stage climate tech startups such as Wayout, Jolt, Qvantum, Ecolocked, Aegir, Novatron Fusion (19.03.2025: €10M Series A1) and Scale Energy (20.02.2025: €2M Seed).
Blueworld Group
Blueworld Group (Europe - early and late stage) is a German family-owned VC that invests in impact and climate tech startups and its portfolio includes Instagrid (Instagrid raises €88M Series C led by Teachers’ Venture Growth), Smartlane and Recup.
Future Positive Capital
Paris-based Future Positive Capital (Europe - early stage) invests in climate tech startups such as Aerones, Dendra Systems, Sweetch, Cowboy and Brilliant Planet.
Barclays Climate Ventures
Barclays Climate Ventures (Europe - early and late stage) invests up to £500M until the end of 2027, helping to accelerate the transition towards a low-carbon economy. The portfolio includes Mixergy (04.03.2025: £12M post-Series B), Brill Power, Naked Energy (15.07.2024: £17M Series B1), Zeroavia and Sunswap.
HSBC Climate Growth Partners
HSBC Climate Growth Partners (Global - early and late stage) invests in climate tech startups such as Accure (12.02.2025: $16M Series B), Chargetrip, Electric Era, Amperon, Omnidian and SeeTree.
Demeter
Demeter (Europe - early and late stage) is a French smart green VC with €1B AUM that invested in Deepki, Insolight, Plan A, Sweetch, Zenpark and Ynsect.
Haniel
Haniel (Europe - early and late stage) is a German industrial holding investing growth capital in funds as well as directly in climate tech startups such as Aerones (Aerones raises $30M Series A led by Lightrock and Haniel), 1KOMMA5° and Ecoworks (14.12.2023: €40M).
Planet First Partners
With offices in London and Luxemburg, Planet First Partners (Europe - late stage) provides growth equity to European climate tech startups. The portfolio includes Sunfire, Submer (03.10.2024: $55.5M Series C), Finn and Nanogence.
Contrarian Ventures
Vilnius-based Contrarian Ventures (Europe, Israel - early stage) invests in early stage climate tech startups such as Beebop, H2Pro, PVcase, Eliq, Chooose, 42watt, Switchee, Metafuels and Ember.
Seaya
Seaya (Europe, USA, Latin America - early and late stage) is a Spanish impact VC focused on sustainability and climate tech that invested in 011h, Recycleye, Quatt and Pachama.
Vsquared Ventures
Vsquared Ventures (Europe - early stage) is a Munich-based deeptech VC with a very exciting portfolio that includes Pulsetrain (19.03.25: €6.1M Seed), Vaeridion (19.12.2024: €14M Series A), Xavveo (05.11.2024: €8M Seed), Cylib (11.09.2024: €55M Series A), Customcells (08.12.2022: €60M Series A), Dynelectro (11.07.2024: €11M) and Group14.
Icos Capital
Dutch Icos Capital (Europe - early stage) is a smart green VC focused on the early stage - that's where the risk and the fun is. Its portfolio includes Carbon Clean, Gamaya and Invert Robotics.
Forward.one
Dutch Forward.one (Europe - early and late stage) invests in climate tech hardware startups from Seed to Series B out of their second €145M fund. Portfolio: Voltfang (04.10.2024: €8.1M Series A), Nuventura (26.10.2023: €25M Series A), Sensorfact (21.01.25: Exit to ABB, 18.07.2023: €25M Series B), Fibersail, Ore Energy and Rocsys.
Zouk
Zouk (Europe - late stage) is a late stage smart green VC with €1B AUM investing in climate tech, infrastructure and public EV charging in the UK. The portfolio includes Dendra Systems, Enspired, EO, Char.gy, Believ and Instavolt.
MMC
UK-based MMC (Europe - early stage) is a very active early stage VC focused on AI and data with a very interesting portfolio including Modo Energy (29.11.2024: $15M Series A), LiveEO, Supercritical, Measurable Energy, Ogre and Eatron.
Noa
Noa (Europe, USA - early and late stage) is a London-based proptech VC investing in innovation for the built environment. The portfolio includes Span, Varm, Climate X, Enter and Housfy.
2150
2150 (Global - early and late stage) is a proptech VC with offices in London, Copenhagen and Berlin that invested in 1KOMMA5°, Hometree, OpenSolar, CarbonCure and Luxwall.
Kompas
Kompas (Europe, Israel, USA - early stage) is an early stage climate VC investing in Seed and Series A with offices in Amsterdam, Berlin, Copenhagen and Tel Aviv. The portfolio includes Ecoworks (14.12.2023: €40M), Tynt, Modulize, Fruitcore Robotics, Found Energy and Epoch Biodesign (05.03.25: $18.3M Series A).
Vorwerk Ventures
Berlin-based Vorwerk Ventures (Europe - early stage) is an early stage corporate VC with a €150M fund investing in Seed and Series A. The portfolio includes SpotmyEnergy (11.12.2024: €10,5M Seed), Resourcify and Farmless.
SHIFT Invest
Dutch SHIFT Invest (Europe - early stage) invests in European early stage impact startups in food, energy, mobility and circular economy and its portfolio includes Volytica Diagnostics, Zero Friction, E-magy and Byborre.
Ananda Impact Ventures
Munich-based Ananda Impact Ventures (Europe - early and late stage) is a climate tech VC that invested in EcoG, Klim, Resourcify, Airmo, OroraTech and Decade.
Direttissima
Direttissima Growth Partners (Europe - late stage) is a new €120M late stage climate VC backing Zeelo and Hololight.
Ecapital
Ecapital (Europe - early and late stage) is a German VC whose climate tech portfolio includes 1KOMMA5°, Dryad and Heliatek.
Rockstart Energy Fund
Rockstart Energy Fund (Europe - early stage) is an Accelerator VC in Amsterdam that invests in energy startups that also join their accelerator programme. Rockstart's portfolio includes Sympower, Dexter Energy, Oktogrid, Fibersail, Flexidao and Circadian.
Vestas Ventures
Vestas Ventures (Global - early and late stage) is the corporate VC of the Danish wind turbine manufacturer Vestas that backs sustainable energy startups including Northvolt, Hysata (08.05.2024: $111M Series B) and Modvion.
GET Fund
Munich-based GET Fund (Europe - early and late stage) invests in the Series A and B of European climate tech startups and announced the first closing of GET Fund I at €100M on 2 July 2024. The new investments of GET Fund I are Vamo (21.10.2024: €10M Seed), Metron (22.11.2024: €12.5M Series B) and Circunomics (14.01.2025: €8M Series A).
Korys
Korys (Europe - early and late stage) in Belgium invests in many funds and also directly in energy startups including VoltStorage, Ampacimon and Sensorfact (21.01.25: Exit to ABB, 18.07.2023: €25M Series B).
Matterwave Ventures
Munich-based Matterwave Ventures (Europe - early stage) invests in early stage industrial hardware and software startups such as Electrochaea, LiveEO and Orcan Energy.
Nordic Alpha Partners
Nordic Alpha Partners (Europe - late stage) is a Danish climate tech growth VC that invested in Airwatergreen, Stabl Energy, Sunroof, Agrointelli, Green Hydrogren Systems and Variolytics.
Move Energy
Amsterdam-based Move Energy (Europe - early stage) is a climate VC with a fund size of €100M focused on energy, mobility and buildings that invested in Withthegrid (20.03.2025: €2M Seed + €1.5M Debt), Sunswap, ChargeX, LeydenJar, Samara, Eco-Movement and Wattalps.
DeepTech & Climate Fonds
DeepTech & Climate Fonds (DTCF) (Europe - early stage) is a new German deeptech and climate tech VC that invested in Cylib (11.09.2024: €55M Series A), LiveEO, Proxima Fusion, Planqc and Fernride.
Verve Ventures
Verve Ventures (Europe - early and late stage) is a European deeptech VC that invested in Climeworks, Neustark, Phlair, Insolight, CleanGreens and Flyability.
Zero Carbon Capital
UK-based Zero Carbon Capital (Europe - early stage) are first money climate tech investors backing Epoch Biodesign (05.03.25: $18.3M Series A), Ionate (05.02.25: $17M Series A), Cambridge Electric Cement, RepAir, Anaphite, Spark E-fuels (12.02.2025: €2.3M Pre-Seed) and Vema Hydrogen (18.02.2025: $13M Seed).
Übermorgen Ventures
Zurich-based Übermorgen Ventures (Europe - early stage) backs early stage climate tech startups such as Ostrom, Exnaton, Green Fusion (21.01.2025: €12M Series A) and E-Mobilio.
Kopa Ventures
German Kopa Ventures (Europe - early stage) invests in early stage energy startups and its portfolio includes 1KOMMA5°, Ecoworks (14.12.2023: €40M), VoltStorage, Green Fusion (21.01.2025: €12M Series A), E-Mobilio and Home Power Solutions.
Green Generation Fund
Berlin-based Green Generation Fund (Europe - early stage) is focused on food, decarbonisation and circularity and invested in Reverion (13.09.2024: $62M Series A), Greenlyte Carbon Technologies, Klim and Jua.
Helen Ventures
Helen Ventures (Europe - early and late stage) is the corporate VC of the Finnish utility Helen. The promising portfolio includes Enspired, Node.energy, Gradyent, Voltfang (04.10.2024: €8.1M Series A), EcoG, Eologix-Ping, Renewabl, LiveEO, Renewcast and Nobile (11.11.2024: €5M Series A).
EDP Ventures
EDP Ventures (Global - early and late stage) is the corporate VC of the Portuguese utility EDP that has allocated €150M for startup investments. The portfolio includes Piclo, Mixergy (04.03.2025: £12M post-Series B), Energyworx, Green Li-ion (16.03.2023: $20.5M Pre-Series B) and Green Eagle Solutions (19.12.2023: €6M Series A).
Statkraft Ventures
Statkraft Ventures (Europe - early and late stage) is the corporate VC of Statkraft in Norway and their portfolio includes Tado (17.03.2025: €30M Growth from Panasonic), Deepki, Heycharge, Metron and Parkbee.
Eviny Ventures
The corporate VC Eviny Ventures (Europe - early stage) from Norway invested in Tibber, Heimdall Power, Utiligize, Amina and Voltfang (04.10.2024: €8.1M Series A).
EnBW New Ventures
Launched in 2015, EnBW New Ventures (Europe - early and late stage) is the corporate VC of the third largest utility in Germany. The portfolio includes Enspired, Easelink and Volytica Diagnostics.
Doral Tech Ventures
Doral Tech Ventures (Israel, Europe, USA - early stage) is an energy VC based in Israel that invested in Nobile (11.11.2024: €5M Series A), Reverion (13.09.2024: $62M Series A), OXCCU, Verdagy and Noon Energy.
Industrya
Industrya (Europe - early stage) is a smart green €42M VC with funding from the corporate group John Cockerill and a few public funds in Belgium. Industrya invests in energy, industrial innovation as well as advanced materials. The portfolio includes SupAirVision, VocSens, Aloxy and SpotLight.
SC Net Zero Ventures
SC Net Zero Ventures (Europe - early and late stage) is a new Spanish climate tech VC managed by Suma Capital and supported by anchor investor Repsol that invests in energy, mobility and decarbonisation of industries. On 6 June 2024, SC Net Zero Ventures announced the first closing of Fund I at €125M. The first investments are V2C (23.10.24: €5M) and H2Site (28.01.25: €36M Series B).
Aster
Aster (Europe, USA and Asia - early and late stage) is a climate tech VC with two decades of experience, specialised in hard-to-abate sectors. Aster's portfolio includes Sunfire, Tado (17.03.2025: €30M Growth from Panasonic), Cosmo Tech, ekWateur and FinalCAD.
Nucleus Capital
Berlin-based Nucleus Capital (Europe - early stage) is an early stage climate and food tech VC that invested in Spark E-fuels (12.02.2025: €2.3M Pre-Seed), Brineworks, Repath (25.09.2024: €3.6M Seed), Root Global (19.08.2024: €8M Seed), Cirplus, Ucaneo (11.03.2025: €7M Seed Extension, 10.09.2024: €6.75M Seed), Atmio, AtmoCooling, Infyos, Farmless and Trilobio.
Revent
Berlin-based Revent (Europe - early stage) is a climate VC backing Granular Energy, Resourcify, Magnotherm, Tem, Atmen and Farmless.
Trill Impact Ventures
Established in 2019, Trill Impact Ventures (Europe, USA - late stage) is an impact-driven private equity and venture capital investor with €1.3B AUM. The VC portfolio includes Open Cosmos (11.09.2023: $50M Series B), Soil Capital (03.09.2024: €15M Series B) and Tado (27.01.2023: €43M, 17.03.2025: €30M Growth from Panasonic).
Blume Equity
Based in London and Amsterdam, Blume Equity (Europe - early and late stage) is a climate VC whose portfolio includes Aerones (Aerones raises $30M Series A led by Lightrock and Haniel), Sensorfact (21.01.25: Exit to ABB, 18.07.2023: €25M Series B) and Neustark.
Supernova Invest
Supernova Invest (Europe - early stage) is a French deeptech VC that invested in PowerUp, Sylfen and Ynsect.
Phoenix Contact Innovation Ventures
Phoenix Contact Innovation Ventures (Europe - early stage) is a German corporate VC focusing on energy, mobility, infrastructure and industry and their portfolio includes Eologix-Ping, Aedifion and Accerion.
Carbon Removal Partners
Zurich-based Carbon Removal Partners (Europe, USA - early and late stage) is a new climate VC focused on carbon removal that invested in Climeworks, Greenlyte Carbon Technologies, Ucaneo (11.03.2025: €7M Seed Extension, 10.09.2024: €6.75M Seed), Ceezer, Carbonfuture and Cotierra.
Clean Growth Fund
Clean Growth Fund (UK - early stage) is a £101M climate VC focused on UK startups that invested in Piclo, Sunswap, Futraheat and Tepeo.
Verbund X Ventures
Verbund X Ventures (Europe - early stage) is the new corporate VC of the Austrian utility Verbund that invested in Easelink, Necture (13.04.2024: €7M Series A), Eologix-Ping, Efriends and Spine (26.09.2024: €1.5M Seed).
Link Capital
Link Capital (Europe - early stage) is a Norwegian climate VC that invested in Glint Solar (07.11.2024: $8M Series A), Evyon, Gridio, Flexecharge and Solarduck.
Systemiq Capital
London-based Systemiq Capital (Europe - early and late stage) backs climate tech founders raising their late Seed to Series A/B. The portfolio includes Podero (06.02.25: €5.5M Seed), Zeroavia, Brimstone and Ohme.