EnBW New Ventures

EnBW New Ventures is the venture capital arm of EnBW AG, a large German energy utility. It makes financially driven investments in European startups that help make infrastructure smarter, digital and electric.

What EnBW New Ventures offers

• Lead or co-investment: The team can take the lead in a round or join others.
• Independent setup: It operates as a separate legal entity with its own decision process and committed capital, apart from corporate budgets.
• Corporate network: Startups can draw on the reach and skills of the EnBW Group, which builds and runs renewable generation, trading and a large fast-charging network for electric cars.
• Exit-focused team: Team members have worked on more than a hundred venture deals.

Who it serves

The fund looks for founders who are experts in their field and strong at execution. It invests from Series A onwards in startups headquartered in Europe. Portfolio examples include a road management system that uses AI, a contact centre automation platform and an automated electric vehicle charging company.

Key facts

• Parent company: EnBW AG, Germany
• Stage: Series A and later
• Geography: Startups headquartered in Europe