# Santander InnoEnergy Fund

> Santander InnoEnergy Fund is a VC fund backing Energy, Battery and Software. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 7
- Last investment: Oct 2025
- Lead investor: 14%
- Last updated: Aug 2026

Santander InnoEnergy Fund is a VC fund focused on Energy and Battery. Santander Climate Tech Fund is a venture capital fund managed by Santander Asset Management and EIT InnoEnergy.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3.3M–$5.5M |
| Series A | $11M–$12M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 14% |
| Battery | 1 | 14% |
| Software | 1 | 14% |
| CleanTech | 1 | 14% |
| Marketing | 1 | 14% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 29% |
| Series A | 2 | 29% |
| Funding Round | 1 | 14% |
| Venture - Series Unknown | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 2 | 29% |
| Germany | 2 | 29% |
| Spain | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zparq | Zparq designs and manufactures marine electric propulsion products. | $6.4M | Venture - Series Unknown | Oct 22, 2025 |  |
| Novatron | Novatron develops a new proprietary fusion power concept together with physicists, engineers, and academia. | $10.9M | Series A | Mar 19, 2025 |  |
| Bee Planet Factory | BeePlanet Factory develops technological projects based on the reuse of batteries removed from the electric car. These batteries are called B2U (Battery 2nd Use). At the end of their original application, they keep intact a large storage capacity (70%-80%) and still offer high performance, which makes them perfectly functional for other uses, suchas stationary energy storage.The company was founded in 2018 and is headquartered in Noáin, Comunidad Foral de Navarra. | $5.3M | Venture - Series Unknown | Dec 09, 2024 |  |
| Caeli Wind | Caeli Wind is a digital marketplace that identifies wind potential locations for landowners and enables professional AI-supported analysis and marketing. Their mission is to accelerate the expansion of wind turbines and increase the likelihood and speed of realisation in the wind industry. Their software checks all the criteria, from regionalplanning and grid connection to economic efficiency. | $12M | Series A | May 16, 2024 |  |
| suena | suena energy is the first fully algorithmic and AI-based provider for the marketing of battery storage and renewable energies. Its energy trading autopilot uses state-of-the-art algorithms and precise forecasts to optimise trading decisions in real time. This market-leading technology from suena enables efficient trading across all balance powerand electricity markets for customers: increased revenues, extended storage lifetime and minimised risk. suena energy handles optimised marketing for stand-alone storage, combinations of PV and wind with storage, optimised direct marketing of renewable energies, portfolio optimization and whitelabel partner solutions. | $3.3M | Seed | Dec 20, 2023 |  |
| Open Cosmos | Open Cosmos is a space technology company that designs, builds, and operates satellites to simplify access to space. The company also delivers end-to-end telecommunications, Earth Observation (EO), navigation, and scientific missions. It designs, builds, launches and operates advanced satellites through its OpenOrbit offering, that enablesorganizations to access and share data via its mutualized OpenConstellation infrastructure and offers AI-powered data analysis from a growing range of satellite sources and analytic partners through its DataCosmos platform. | $50M | Series B | Sep 11, 2023 |  |
| Novatron | Novatron develops a new proprietary fusion power concept together with physicists, engineers, and academia. | $5.5M | Seed | Aug 29, 2023 |  |

7 of 7 investments shown.

## Co-investors
- [EIT InnoEnergy](https://shizune.co/investors/profile/kic-innoenergy) — VC Fund, 4 deals together
- [Climentum Capital](https://shizune.co/investors/profile/climentum-capital) — VC Fund, 2 deals together
- [Industrifonden](https://shizune.co/investors/profile/industrifonden) — VC Fund, 2 deals together
- [Accenture Ventures](https://shizune.co/investors/profile/accenture-ventures) — VC Fund, 1 deal together
- [A&G Energy Transition Tech Fund](https://shizune.co/investors/profile/a-g-energy-transition-tech-fund) — VC Fund, 1 deal together
- [Almi Invest GreenTech](https://shizune.co/investors/profile/almi-invest-greentech) — VC Fund, 1 deal together

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### Similar country
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## FAQ

### What does Santander InnoEnergy Fund invest in?

Santander InnoEnergy Fund invests primarily in Energy, Battery and Software startups, most often at Seed and Series A stage. Most of the 7 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Santander InnoEnergy Fund's check size?

Santander InnoEnergy Fund typically joins rounds of $3.3M–$5.5M at Seed and $11M–$12M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Santander InnoEnergy Fund participates in.

### When did Santander InnoEnergy Fund last invest?

The most recent investment recorded for Santander InnoEnergy Fund closed in Oct 2025. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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