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E.On's Future Energy Ventures Launches With €250mn Invested Capital

Future Energy Ventures, a venture capital platform that invests in digital technologies and digital business models in the energy sector, has launched with €250 million invested capital in its portfolio. The new fund is the venturing and collaboration platform of the energy company E.ON; the launch of Future Energy Ventures follows the completion of E.ON’s acquisition of innogy.

The fund, which is led by Ines Bergmann-Nolting and Jan Lozek, focuses on digital, scalable and asset-light businesses transforming the energy ecosystem seeking Series A and beyond funding that have shown evidence of a product-market-fit.

“The entire energy ecosystem is being transformed by technology at an ever-accelerating pace creating significant investment opportunities,” said Lozek. “Not only is the traditional energy supply chain moving towards smart generation and storage, but individuals, buildings and entire cities are becoming smarter and more connected, fundamentally redefining the role of energy in society. We are committed to accelerating the energy transformation by investing in and supporting the growth of the innovative businesses and business models that will help create and shape that future.”

The Future Energy Ventures portfolio consists of start-ups previously invested in by E.ON and innogy’s venturing entities, including: Bidgely, Holobuilder, Intertrust, Thermondo and T-Rex.

“Businesses need more than just money to succeed,” said Bergmann-Nolting. “They need collaboration, mentoring and the opportunity to partner with other organisations that can help them achieve scale. We seek to actively create value by bringing together dynamic and innovative start-ups, E.ON and affiliated businesses, and a growing set of partners and to create meaningful impact for mutual financial and strategic benefit. Use-case potential forms a key part of our investment decision-making and we aim to facilitate and support pilots and use case roll-outs within E.ON and across our ecosystem of partners for systematic scaling across the portfolio.”

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