Future Energy Ventures Management
Future Energy Ventures is a Berlin-based independent energy-technology venture capital firm, founded in 2016 as the joint corporate venturing unit of E.ON and RWE/innogy and spun out of E.ON as an independent manager in 2022, with E.ON remaining anchor investor. It backs digital, asset-light energy-transition startups across Europe, North America and Israel from late-seed to Series B, investing roughly EUR 1-10 million per company in grid, storage, e-mobility, smart-building and climate technologies. In November 2025 it closed its first independent fund, Fund II, at EUR 205 million alongside a separate EUR 30 million CDP-financed Italian sidecar, following the original circa EUR 300 million E.ON/RWE corporate fund set up in 2016.
Key facts
Recent exits
Coverage notes
2 funds tracked, 12 portfolio companies (11 active · 1 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
12 companiesFunds & portfolio
Every fund Future Energy Ventures Management has raised, with its portfolio companies. Hand-checked from public filings.
Future Energy Ventures Fund IIVC2025 · 1yr€205M8 active
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| ClimateTech |  US | 2025 | |
| Energy |  Austria | 2025 | |
| Energy |  Germany | 2025 | |
| Energy | US | 2026 | |
| AI/ML |  Switzerland | 2025 | |
| Energy | Poland | 2026 | |
| ClimateTech |  Denmark | 2026 | |
| Energy | US | 2025 |
US· Entry 2025Austria· Entry 2025Germany· Entry 2025US· Entry 2026Switzerland· Entry 2025Denmark· Entry 2026US· Entry 2025Future Energy Ventures IVCHarvesting2016 · 10yr€300M3 active · 1 realized
Unrealized
3 held
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About Future Energy Ventures Management
Future Energy Ventures (FEV) is the largest European VC advisor dedicated to digital, asset-light energy-transition technologies with approximately €110 million plus of assets under management as of December 2024 (Fund I plus first close of Fund II during 2024, total platform reaching approximately €235 million after Fund II final close in November 2025), headquartered in Berlin. The firm originated in 2016 as the E.ON and innogy Innovation Hub before spinning out of E.ON as an independent VC advisor in 2022-2023, with E.ON SE and the European Investment Fund as anchor LPs alongside KfW Capital, ABN AMRO and strategic energy and industrial investors.
Investment thesis
Future Energy Ventures deploys capital through two funds (Fund I plus Fund II, with a dedicated €30 million Italy side fund), targeting early- to growth-stage venture capital in digital, asset-light energy-transition technologies with a Series A focus. Sector focus spans grid and flexibility management, e-mobility, building and industrial electrification, energy AI and software and climate data. Geographic deployment is Europe core (Germany, broader EU) with selective global exposure. The platform was born inside E.ON and is now independently backed by a utility-and-institutional LP base.
Recent activity
Recent realised exits include proptech and building tech (2024) plus energy-tech portfolio acquisitions (2024-2025). Recent acquisitions include energy AI and weather-modeling (2025), spatial-computing for energy (2025) and metering and building energy (KUGU, 2024). The platform continues active deployment of Fund II across the digital energy-transition mandate. Detailed buyer names and multiple data available on Pro at €29/month.
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