SENNA

Future Energy Ventures Secures €205M to Fuel Energy Transition

Future Energy Ventures (FEV), a global venture capital advisor focused on digital and asset-light energy technologies, has closed its second fund at €205 million, bolstering its mission to accelerate the global energy transition.

The new capital, backed by major institutional investors, will enable FEV to continue supporting startups that are reshaping the energy landscape through innovative digital solutions. This comes as Europe pushes to strengthen its energy independence and create new economic opportunities amid the transition to renewable power.

"Our conviction then — and still now — was that the future energy system would be built on massive volumes of renewables, but also on the digital tools required to connect, manage, and orchestrate them," said Jan Lozek, CEO of Future Energy Ventures.

Since its inception in 2016, FEV has made around 50 investments in early-stage energy tech companies, typically at the late seed to Series B stage when startups have reached €1-2 million in revenue. The firm's portfolio includes startups that are transforming buildings, batteries and mobility into energy assets that can be integrated into the grid.

The new €205 million fund, along with a dedicated €3 million vehicle for Italy, positions FEV as the largest European advisor for energy technology-focused venture capital investments. This comes as the energy transition accelerates, driven by factors like Europe's push to reduce reliance on Russian energy and the continent's ambitious climate goals.

"Crucially, the Firm invests at late Seed, Series A and B, usually when startups have €1–2 million in revenue and are ready for the next inflection point," Lozek said. "It invests in startups that are building the digital infrastructure and software to enable the energy transition."

The fundraise underscores growing investor appetite for technologies that can modernize energy systems and facilitate the shift to renewables. According to industry sources, venture funding for energy tech startups in Europe reached €3.1 billion in 2022, up from €2.3 billion the prior year.

"FEV's goal is to support companies that are reshaping the energy landscape through digital solutions, strengthening national energy independence, and creating new economic opportunities," Lozek said.

The new capital will allow FEV to continue backing innovative startups across Europe that are developing the digital capabilities needed to integrate renewable energy, battery storage, and smart grid technologies into a more decentralized, flexible power system.