Future Energy Ventures (FEV), the Berlin-based venture capital advisor specialising in digital and asset-light technologies for the energy transition, has announced the final close of its second fund at €205 million, together with a €30 million dedicated fund for Italy. The closing is a turning point for FEV as one of the largest Europe sector-focused EnergyTech investment vehicles and shows investor confidence in software-driven solutions addressing the energy infrastructure of the future.
Fund II was started with the main commitments from the German utility E.ON SE and the European Investment Fund (EIF) and now has the support of a wide range of strategic and institutional investors. Among them are KFW Capital, ABN AMRO, CLP, BGK, ISA Energia, Borusan, Zorlu Holding, Telos Impact, KELAG, MTR, and Sabanci Climate Ventures. The Italy-specific fund is a CDP (Cassa Depositi e Prestiti) fully financed vehicle that will invest in parallel with the main vehicle, indicating a strong regional focus where the demand for clean-energy innovation is still high.
“The closing of this fund energy technology is an increasingly recognized significant market,” said Jan Lozek, CEO of Future Energy Ventures. “Innovators get more storage, grid optimization, and renewable energy solutions access to serious capital. On the other hand, for investors, it is like a signal that financial returns and global relevance can go hand in hand.”
A Surge in European EnergyTech Investment
An announcement of the fund closure is a perfect timing for a very active investment year across Europe for digital energy solutions. Several EnergyTech companies around FEV’s strategic area were able to raise growth capital to expand their businesses in 2025. Terra One, a German company, raised €150 million to extend its grid-scale battery storage infrastructure. At the same time, Dutch flexibility services provider Sympower attracted a €42 million investment. Belgium’s LIFEPOWR landed €5.65 million, Spain’s Clevergy raised €3.2 million, Italy’s Renewcast closed €1 million, and a Dutch startup called Twindo raised €1 million. Moreover, Germany’s etalytics increased its Series A to €16 million for its industrial AI optimization platform. Counting all of these recent rounds together, more than €219 million has gone into Europe-based software-led EnergyTech solutions this year.
Moreover, the funding environment is supported by the presence of new VC vehicles in the related segments. Serena based in Paris closed its €200 million flagship fund dedicated to AI and energy transition technologies, while Armilar launched a €120 million DeepTech fund across Southern Europe, and Backed VC wrapped up its third fund at €86 million supporting frontier innovation.
Strategic Positioning for a New Energy Economy
RWE and E.ON established FEV in 2016 which focuses on Series A and B investments in digitizing the grid to make it more efficient, flexible, and renewable energy integration friendly at a large scale. It has invested in such companies as Chloris, Enspired, Feld Energy, Jua, Piclo, Reev, and Station A that work on e-mobility, building electrification, demand response and AI-enabled grid optimisation solutions.
The leadership team at FEV is made up of Jan Lozek, Veronique Hördemann, Ohad Mamann, Patrick Elftmann, Moritz Jungmann, and Jan Palasinski. The company views itself as being at the crossroads of traditional energy systems and digital electrification, and hence their portfolio companies are the ones most critical for decarbonisation and energy sovereignty.
Veronique Hördemann, Managing Partner and CFO, stressed out the political and economic background which was the main reason for such a strong investment momentum: “Europe has the innovation power, talent, and industrial capacity to take a leading role in the global energy transition. The pivotal issue now is that political frameworks should support investment and scaling so that Europe can fully leverage its potential in energy technology.”
Energy Security, Investment Confidence, and Strategic Imperatives
When environmental policies are criticized by the public and the geopolitical situation aggravates the risks of tyring to depend on fossil fuels, FEV thinks that putting money in renewables and intelligent energy systems is not only economically wise but also a must from a strategic point of view. The firm explains that the transition to distributed and resilient energy infrastructures is a way to achieve economic growth, industrial competitiveness, and enhance regional independence at the same time.
With the closing of Fund II, Future Energy Ventures remains the largest European advisor dedicated to EnergyTech venture capital and is thus able to facilitate the speed-up of the technology shaping the future grid.