Innogy Venture Capital
VC Fund
Essen, Germany
Innogy Venture Capital is a fund management company in distributed energy solutions. The company focuses on investments in European startup companies that provide solutions and new business models shaping the future energy market. With a final closing size of EUR 115 million, the currently managed "Innogy Renewables Technology Fund I" isa leading early stage investor in this segment in Europe. The fund's sponsors are RWE Innogy and CEE Holding. RWE Innogy pools within the German utility RWE the expertise for construction and operation of renewable energy generation assets. CEE Holding is an investment company of Bankhaus Lampe Group, focusing on renewable energy generation.
- Total investments:
- 18
- Last investment:
- Lead investor:
- 22%
- Fund size:
- $165M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Innogy Venture Capital invests in
Stages Innogy Venture Capital invests in
Countries Innogy Venture Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $2.5M–$7.7M
- Venture - Series Unknown
- $34M–$34M
Investment Focus
Industry
- Energy 8 (44%)
- CleanTech 3 (17%)
- Renewable Energy 3 (17%)
- Energy Management 3 (17%)
- Solar 2 (11%)
Stage
- Funding Round 7 (39%)
- Series A 3 (17%)
- Venture - Series Unknown 2 (11%)
- Series B 1 (6%)
- Series C 1 (6%)
Country
- Germany 4 (22%)
- Sweden 2 (11%)
- United States 2 (11%)
- France 1 (6%)
- Norway 1 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Frank Starrmann
Managing Director and Chief Financial Officer
|
Managing Director and Chief Financial Officer | Total investments: 1 | Find email | |
|
Matthias Engel
Founder & Managing Partner
|
Founder & Managing Partner | Total investments: 0 | Find email | |
|
Veronique Hordemann
Founder & Investment Partner
|
Founder & Investment Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA. | $34M / Venture - Series Unknown / Jun 26, 2019 | ||
| As tech-leader in organic photovoltaics, Heliatek develops, produces and distributes organic PV solutions for virtually any building surface | $17.7M / Series D / Oct 12, 2017 | ||
| enercast is a leading technology provider for applied artificial intelligence and the digital transformation of renewable energy.Its self-learning software-as-a-service products deliver accurate power forecasts for wind power and solar plants, thus enabling the integration of renewable energy into power grids and energy markets worldwide. Itsintegration platform for the industrial application of artificial intelligence and big data supports its customers’ decision-making processes, fulfilling enercast’s promise: “Weather insights that put you in control”.Founded in 2011, enercast is headquartered in Kassel, Germany and delivers 100 million forecast data points to 20 countries around the globe, covering 160 GW of installed capacity. enercast GmbH is privately owned and counts innogy Venture Capital and High-Tech Gründerfonds among its shareholders. | Venture - Series Unknown / Dec 08, 2014 | ||
| As tech-leader in organic photovoltaics, Heliatek develops, produces and distributes organic PV solutions for virtually any building surface | $22.7M / Series C / Sep 30, 2014 | ||
| Wir verbinden Erzeuger, Verbraucher, Speicher, Mobilität und das Netz in Microgrids:Kiwigrid-Lösungen unterstützen alle gängigen Energieanlagen.Wir machen Energie transparent:Kiwigrid-Produkte sind schnell zu installieren, zeigen sofort sämtliche Energieströme in verschiedenen zeitlichen Dimensionen (Tag, Monat, Jahr) an und errechnenKilowattstunden und Euro-Umsatz.Wir monitoren Ihre Geräte und Anlagen:Mit Kiwigrid haben Sie alle Anlagen, deren Zustand sowie vorgefallene Ereignisse stets im Blick.Wir automatisieren und optimieren Stromerzeugung und Verbrauch:Unsere nachladbaren Energy-Apps optimieren Ihren Energiehaushalt. Mit Kiwigrid sparen Sie bares Geld. | Jul 01, 2013 | ||
| Mantex products deliver real time analysis of organic materials used in industrial processes. Mantex AB use an advanced configuration of his miraculous discovery to measure organic materials – inside and out, and detect foreign objects, and a lot more besides.All processes that refine or use harvested trees, plants or crops are influenced byvariations in the properties of the raw material. In particular the large differences in water content causes challenges for purchasing and processing organic matter in industrial quantities. | $2.9M / Jun 05, 2013 | ||
| Topell Energy is a Dutch, privately funded, clean technology company which has developed a cutting edge process for the production of high value solid bio-fuel from woody biomass. This process is generally known as torrefaction and the solid bio-fuel is usually referred to as torrefied biomass, refined biomass, or biocoal. | $14.3M / Jun 11, 2012 | ||
| enercast is a leading technology provider for applied artificial intelligence and the digital transformation of renewable energy.Its self-learning software-as-a-service products deliver accurate power forecasts for wind power and solar plants, thus enabling the integration of renewable energy into power grids and energy markets worldwide. Itsintegration platform for the industrial application of artificial intelligence and big data supports its customers’ decision-making processes, fulfilling enercast’s promise: “Weather insights that put you in control”.Founded in 2011, enercast is headquartered in Kassel, Germany and delivers 100 million forecast data points to 20 countries around the globe, covering 160 GW of installed capacity. enercast GmbH is privately owned and counts innogy Venture Capital and High-Tech Gründerfonds among its shareholders. | $2.5M / Series A / Apr 23, 2012 | ||
| GreenWatt is an established CleanTech company offering full engineering services, covering feasibility study conception, construction and starting up of turn key small scale biogas plants around innovative and unique patented technologies solving all key issues of anaerobic digestion. | $6.6M / Mar 08, 2012 | ||
| Airec have gained considerable expertise in the design, manufacture and application of Plate Heat Exchangers for most gas mediums. They also have resources for development, design and performance calculation of completely new products in the Gas Heat Exchangers Field. | $2.9M / Mar 17, 2011 | ||
| See all 18 investments → | |||
Co-Investors
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!
Find investors for your startup
Search 48,091 investors by industry and country. Emails and phones included.
Similar Investors
Similar industry
Similar country
Featured in Investor Lists
Recommended lists
FAQ
What does Innogy Venture Capital invest in?
Innogy Venture Capital invests primarily in Energy, CleanTech and Renewable Energy startups, most often at Funding Round and Series A stage. Most of the 18 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Innogy Venture Capital's check size?
Innogy Venture Capital typically joins rounds of $2.5M–$7.7M at Series A and $34M–$34M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Innogy Venture Capital participates in.
How do I contact Innogy Venture Capital?
Public channels for Innogy Venture Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Innogy Venture Capital?
The team at Innogy Venture Capital includes Frank Starrmann (Managing Director and Chief Financial Officer), Matthias Engel (Founder & Managing Partner) and Veronique Hordemann (Founder & Investment Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
Contact your first 100 investors today
Find who invests in your industry, stage, and country. Download investor list with emails in 5 minutes.
Find investors — It's Free!
Continue with Google
Continue with LinkedIn
