ENGIE New Ventures
ENGIE New Ventures is the corporate venture capital arm of the ENGIE Group, founded in 2014. It manages a +€250 million fund dedicated to making minority investments in cleantech startups that drive innovation and solutions for the energy transition, aiming to digitize, decarbonize, and decentralize energy worldwide.
ENGIE New Ventures is a LA GARENNE-COLOMBES venture capital firm with 25 active companies and 10 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 10 realized deals: 4 years.
- ·Top sector focus: ClimateTech (63% of portfolio).
Sector breakdown
35 companiesGeography breakdown
13 geographiesKey facts
Recent exits
ENGIE New Ventures sold kWh Analytics to Beazley in 2026 after 10 years.
ENGIE New Ventures sold Energyworx to Gridspertise in 2025 after 5 years.
ENGIE New Ventures sold Vyntelligence to Morgan Stanley Investment Management + Blume Equity in 2025 after 6 years.
ENGIE New Ventures took Gogoro public in 2022 after 3 years.
Coverage notes
1 fund tracked, 35 portfolio companies (25 active · 10 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund ENGIE New Ventures has raised, with its portfolio companies. Hand-checked from public filings.
ENGIE New Ventures FunddivestingVC2014€250M25 assets10 exitsVC2014 · 12yr€250M2510
Unrealized
25 held| Company | Entry |
|---|---|
| Alpinov X ClimateTech · France | 2023 |
| Apix Industrials · France | 2016 |
| CarbonBlue ClimateTech · Israel | 2024 |
| ClimeFi ClimateTech · Germany | 2024 |
| Connected Energy ClimateTech · UK | 2022 |
| CryoCollect ClimateTech · France | 2024 |
| ExerGo ClimateTech · Switzerland | 2026 |
| GravitHy ClimateTech · France | 2022 |
| H2site ClimateTech · Spain | 2022 |
| Heliatek ClimateTech · Germany | 2016 |
| Ineratec ClimateTech · Germany | 2023 |
| Inti Tech ClimateTech · Chile | 2019 |
| LevelTen Energy ClimateTech · US | 2026 |
| Magnotherm ClimateTech · Germany | 2023 |
| Ndustrial AI/ML · US | 2021 |
| Raptor Map AI/ML · US | 2022 |
| Redaptive ClimateTech · US | 2018 |
| Samp Industrials · France | 2022 |
| Sepia Infrastructure ClimateTech · France | 2024 |
| TreaTech ClimateTech · Switzerland | 2024 |
| Tutenlabs SaaS · Chile | 2016 |
| UnaBiz Industrials · Singapore | 2018 |
| Upstream Tech Data & Analytics · US | 2023 |
| Wase ClimateTech · Belgium | 2024 |
| Wenu Work ClimateTech · Chile | 2017 |
Realized
10 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Connit Industrials · France | 2016 | 2020 | Trade Sale | Ubigreen | – |
| Energyworx AI/ML · Netherlands | 2020 | 2025 | Trade Sale | Gridspertise | – |
| Gogoro ClimateTech · Taiwan | 2019 | 2022 | IPO | Nasdaq (GGR — SPAC via Poema Global) | – |
| HomeBiogas ClimateTech · Israel | 2018 | 2021 | IPO | Tel Aviv Stock Exchange (HMGS.TA) | – |
| kWh Analytics AI/ML · US | 2016 | 2026 | Trade Sale | Beazley | – |
| Opus One Solutions Data & Analytics · Canada | 2019 | 2022 | Trade Sale | GE Digital | – |
| Streetlight data AI/ML · US | 2018 | 2022 | Trade Sale | Jacobs Engineering | – |
| Symbio ClimateTech · France | 2016 | 2019 | Trade Sale | Michelin | – |
| Tendril ClimateTech · US | 2015 | 2018 | Trade Sale | Rubicon Technology Partners | – |
| Vyntelligence AI/ML · UK | 2019 | 2025 | Secondary | Morgan Stanley Investment Management + Blume Equity | – |
About ENGIE New Ventures
ENGIE New Ventures is the corporate venture capital arm of the ENGIE Group, founded in 2014 and managing a fund of over €250 million dedicated to minority investments in cleantech startups. Headquartered in La Garenne-Colombes near Paris, the platform drives innovation and solutions for the energy transition aligned with ENGIE's strategic priorities as one of Europe's largest utilities and energy services groups.
Investment thesis
ENGIE New Ventures targets European and global cleantech startups at venture and growth stages, with sector focus on renewable energy, energy efficiency, smart grid technology, electric mobility, energy storage and AI applied to energy systems. The corporate VC structure provides strategic relationships with ENGIE Group business units supporting portfolio company commercial development. Equity tickets typically range from €1 million to €10 million per investment depending on stage.
Recent activity
Recent realised exits include kWh Analytics (AI/ML, 2026), Energyworx (AI/ML, 2025) and Vyntelligence (AI/ML, 2025), reflecting strong distribution across the cleantech venture portfolio. The platform tracks a single dedicated fund vehicle, 25 active portfolio companies and 10 realised exits across the corporate VC programme.
Frequently asked questions
- What investment strategy does ENGIE New Ventures focus on?
- ENGIE New Ventures focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does ENGIE New Ventures have?
- ENGIE New Ventures has 25 active portfolio companies and 10 completed exits and 1 fund tracked on GP Intel.
- Where is ENGIE New Ventures headquartered?
- ENGIE New Ventures is headquartered in LA GARENNE-COLOMBES, France.
- When was ENGIE New Ventures founded?
- ENGIE New Ventures was founded in 1955.
- What sectors does ENGIE New Ventures invest in?
- ENGIE New Ventures invests across Energy, Industrials, Software, Business Services.
- What are ENGIE New Ventures's recent exits?
- Recent realized exits by ENGIE New Ventures include: kWh Analytics (2026) to Beazley; Energyworx (2025) to Gridspertise; Vyntelligence (2025) to Morgan Stanley Investment Management + Blume Equity; Gogoro (2022) to Nasdaq (GGR — SPAC via Poema Global); Opus One Solutions (2022) to GE Digital; Streetlight data (2022) to Jacobs Engineering; HomeBiogas (2021) to Tel Aviv Stock Exchange (HMGS.TA); Connit (2020) to Ubigreen.
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