Future Energy Ventures Closes €235m Fund to Back the Next Wave of EnergyTech
Future Energy Ventures, the Berlin-based venture capital firm focused on digital and asset-light energy technologies, has closed its second fund at €235 million, reinforcing its role in financing the energy transition. The fund targets Series A and B startups developing software-driven solutions for renewables, energy management and grid optimisation.
Founded in 2016, FEV traces its origins to E.ONDealroom has a profile for this one. Try Dealroom →, the German energy utility. In 2020, E.ON consolidated its corporate venturing activities into a single platform under the Future Energy Ventures brand, launching a €250 million vehicle to invest in digital, scalable energy-tech.
Of the new fund, €205 million comes from institutional backers including E.ON, the European Investment Fund, KfW Capital, ABN AMRODealroom has a profile for this one. Try Dealroom → and Polish development bank BGKDealroom has a profile for this one. Try Dealroom →. A further €30 million is dedicated to Italian startups and financed by CDP, reflecting targeted national support for early-stage clean-energy innovation.
Fund II will make €5–10 million investments across approximately 20–25 companies, with half of the capital reserved for follow-on rounds. Around two-thirds of the fund will be deployed in Europe, with the remainder directed to the US and other markets.
The fund launches against a backdrop of major shifts in Europe’s energy landscape. Geopolitical tensions and the effects of the war in Ukraine have accelerated efforts to expand renewable generation and reduce dependence on imported fuels.
These pressures have driven investment into technologies that help integrate renewables, stabilise grids and optimise distributed energy assets—areas that align with FEV’s digital-first focus.
Sources:
Sifted
Tech.eu
EU-Startups
Tech Funding News
J.V.
