The €50 million fund is backed by six European energy companies including Encevo, Verbund X and EnBW New Ventures, alongside the European Investment Fund, NRW.BANK and more than 80 entrepreneurs, industry specialists and technology leaders. Its broad support highlights growing confidence in electrification as a core driver of Europe’s energy transition.
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Investment focus across electrification chain
Vireo Ventures invests in early-stage European companies active in generation, grids, storage and applications for mobility, industry and real estate. “Investment in grids is essential for Europe’s security and competitiveness. Electrification is not only a climate objective, it is a geopolitical necessity,” says Felix Krause, Managing Partner at Vireo Ventures.
The firm has previously invested in Encentive, Atmen, Green Fusion and About:Energy. These portfolio companies provide scalable solutions in grid optimisation, heating decarbonisation and charging infrastructure, and several have already secured follow-on funding, partnerships or industry recognition.
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LP engagement model
Vireo Ventures applies an LP-driven model. Its Limited Partners contribute not only capital but also sector expertise, operational know-how and strategic perspectives. “Our LPs are experts and partners. Most of them have a direct connection to the energy industry,” said Krause. (hcn)
