In a significant move reinforcing its position in the European EnergyTech venture capital ecosystem, Future Energy Ventures (FEV) announced the closing of its €205 million Fund II. The fund marks another milestone in FEV’s mission to support groundbreaking climate and energy technology startups, targeting innovations that propel society toward decarbonization while creating substantial economic value.
When I, Violetta Bonenkamp, look at the recent developments in the venture capital world, I can’t help but notice a palpable shift in investor sentiment. The backing of energy-tech and climate-focused funds isn’t just part of a trend – it’s a necessity, a direct response to European policymaking and societal demands to accelerate green transitions. My first thought as an entrepreneur? This signifies a once-in-a-generation opportunity to align innovation with impact while securing strong returns.
Analyzing the Success of Future Energy Ventures’ €205 Million Fund II
Why This Fund Matters for European Entrepreneurs
Future Energy Ventures has carved out a unique niche by supporting startups at the intersection of energy, technology, and digital innovation. As a serial entrepreneur, I’ve long advocated for the digitization of traditional industries, and the energy sector is undoubtedly ripe for disruption.
With capital from pivotal players such as E.ON SE, the European Investment Fund (EIF), and KFW Capital, FEV’s Fund II highlights a collaborative European agenda. This isn’t just a fund; it’s a statement that Europe intends to lead the global green energy revolution. Compare this to global trends, 2023 data indicates that European VCs inject 30% of their capital into green transition technologies, triple the allocation seen in 2021.
Investment Focus of Fund II: Where the Money Will Go
Future Energy Ventures has a laser focus on asset-light, digital-first solutions rather than heavy infrastructure. Their investments will emphasize:
- Grid Optimization: Startups tackling inefficiencies in aging energy grids.
- Energy Demand Flexibility: Solutions enabling dynamic supply-demand responses.
- Storage Innovations: Digital-enablement for new energy storage solutions for industries like e-mobility.
- Renewable Integration: Technologies that simplify and scale renewable energy adoption.
- Data-Driven Optimizations: AI and SaaS platforms for resource management and decentralization of energy systems.
As a founder developing deeptech solutions, it’s evident to me that these domains will not only transform how we power industries and cities but will also open up lucrative global markets.
Leadership Lessons from FEV’s Strategy
One aspect of FEV’s approach that truly resonates with me is their focus on collaboration across industries. Their leadership team, which includes Jan Lozek and Veronique Hördemann, represents forward-thinking visionaries. Hördemann’s perspective, “For Europe, innovation partnerships are key to scaling our energy technologies globally,” underscores an ethos of shared responsibility rather than siloed excellence.
The Role of VCs in Building Energy Sovereignty and Independence
An intrinsic motivation for such funds is the issue of energy sovereignty. Europe’s reliance on fossil fuels became a critical vulnerability in recent years, especially during geopolitical disruptions. Sovereignty in energy production, storage, and management is no longer just an environmental goal, it defines economic resilience.
Consider the €30 million Italy-dedicated fund within Future Energy Ventures’ strategy, funded by Italy’s CDP. This localized strategy reflects the need for regional expertise, customization, and sovereignty over green energy supply chains, particularly in energy-disparate economies.
How Entrepreneurs Can Leverage Such Funds: A Practical Perspective
If you’re an entrepreneur working in climate-tech or energy-tech, this is the perfect moment to align your business goals with investor priorities. Here’s a practical guide based on my professional experiences in navigating venture grants and partnerships:
1. Develop Solutions Aligned with Macro Trends
- Focus on scalable and digital-first solutions.
- Ensure your innovation directly addresses decarbonization or enhances system efficiencies.
2. Pitch Impact As Much As ROI
- Combine financial returns with measurable climate benefits. FEV and similar funds actively seek agile startups capable of demonstrating impact.
3. Leverage Regional Access Programs
- Apply for region-specific funds like the Italy-focused grant by CDP.
- Partner with local governments to get visibility and establish credibility.
4. Build AI-Powered Applications
- The energy sector is increasingly data-driven. Concepts like predictive grid management or market analytics for renewables are receiving considerable attention. Don’t overlook AI’s transformative role in energy.
5. Commit to Ecosystem Partnerships
- Build collaborations with utilities, think tanks, and tech entities like FEV’s previous partnerships with startups such as Station A and Piclo.
Most Common Mistakes Founders Make When Pitching to EnergyTech VCs
From my experience building startups in deeptech sectors and observing Europe’s landscape, startup founders often make these critical missteps:
- Overlooking Scalability: Even the most innovative solution will fail to secure funding if it cannot scale regionally or internationally.
- Not Including Regulatory Landscapes in Plans: Energy markets are heavily influenced by policies; lack of compliance or awareness is the ultimate deal breaker.
- Ignoring Geographic Footprints: Focusing only on localized solutions, especially in a globalized trade environment for renewables, may diminish your value proposition.
- Weak Impact Metrics: Investors want tangible decarbonization results (e.g., CO2 reduction percentages) and long-term market relevance.
- No Exit Strategy Defined: While your idea may seem sustainable, fail to include acquisition or growth pathways, and you might lose credibility.
Lessons from FEV’s Approach for Aspiring Entrepreneurs
What entrepreneurs like us can learn from Future Energy Ventures is that market leadership is carved by staying ahead of the curve. For FEV, this meant tying venture strategies to political and sustainability frameworks. Their ability to recognize Europe’s innovation potential while addressing energy challenges globally should be a roadmap for all impact-driven founders.
We must adapt these principles:
- Purpose and Partnership: Building companies that prioritize long-term vision over short-term milestones.
- Adaptivity: Learning how to pivot toward data-driven or AI-enhanced solutions, as this will become the norm.
- Collaboration, Not Competition: The energy transition is a macro-level challenge that cannot tolerate disruption silos; ecosystems need integration.
Conclusion: Is This the Future of EnergyTech VC?
The closing of Future Energy Ventures’ €205 million Fund II isn’t just a financial event. It’s a call-to-action for entrepreneurs, innovators, and investors alike to view the energy sector as a canvas for systemic change.
For European-based entrepreneurs like myself, this signals the golden opportunity to focus on scalable, impact-driven business models to not only secure VC funding but to participate in transforming industries. I envision a new wave of startups leveraging AI and precision data, orchestrating grid efficiencies, and creating urban microgrid solutions tailored for tomorrow’s energy needs.
As the energy sector pivots to redefine its value chains, tapping into aligned digital-first funds like FEV’s is an irresistible strategy. Whether you’re a founder charting your first steps, or scaling your venture, this evolving space demands urgency, creativity, and collaboration: the building blocks of entrepreneurial success.
And above all, as history has shown, Europe has the talent, resilience, and innovation prowess to lead this revolution.
FAQ
1. What is the significance of Future Energy Ventures’ (FEV) €205 million Fund II?
FEV’s €205 million Fund II highlights its commitment to supporting digital-first energy technology startups. This fund aims to drive decarbonization and tackle some of the European energy sector’s biggest challenges. Learn more about Future Energy Ventures Fund II
2. Who are the major backers behind Future Energy Ventures’ Fund II?
The fund is supported by key entities like E.ON SE, the European Investment Fund (EIF), and KFW Capital, showcasing a strong European collaboration. Learn more about Fund II backers
3. What areas of energy innovation does Fund II focus on?
Fund II emphasizes investments in digital-first, asset-light solutions like grid optimization, storage innovations, energy demand flexibility, renewable integration, and AI-driven platforms. Learn more about energy innovation investment areas
4. What is the role of Italy’s €30 million localized fund?
Within Fund II, a dedicated €30 million Italy-specific fund aims to support regional energy projects and enhance energy sovereignty led by CDP, Italy’s public investment bank.
5. Why does the energy transition represent a significant opportunity for startups?
The transition to sustainable energy systems has created demand for innovative startups that offer scalable and impact-driven solutions, with increased funding opportunities like FEV’s Fund II.
6. What are some notable partnerships that Future Energy Ventures has built in the past?
FEV has partnered with innovative startups such as Station A and Piclo, which focus on grid efficiency and energy decentralization. See more about FEV partnerships
7. How does Europe compare globally in EnergyTech investments?
Europe leads in green transition investments, with 30% of venture capital earmarked for energy and climate technologies as of 2023, far ahead of other regions.
8. How do EnergyTech investors focus on scalability?
EnergyTech venture capitalists prioritize scalable, cloud-based, and AI-powered solutions to ensure regional and global adaptability, boosting long-term ROI. Discover trends in scalable tech
9. What common mistakes do founders make when pitching to EnergyTech VCs?
Founders often fail to align with energy sector regulations, focus narrowly on local solutions, or lack clear decarbonization metrics, which are crucial for securing funding.
10. How does Future Energy Ventures’ focus reflect broader VC trends?
FEV aligns with VC trends emphasizing the transition from heavy infrastructure investments to digital and software-centric solutions for decarbonization. Learn about VC trends in EnergyTech
About the Author
Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur. Throughout her startup experience she has applied for multiple startup grants at the EU level, in the Netherlands and Malta, and her startups received quite a few of those. She’s been living, studying and working in many countries around the globe and her extensive multicultural experience has influenced her immensely.
Violetta Bonenkamp’s expertise in CAD sector, IP protection and blockchain
Violetta Bonenkamp is recognized as a multidisciplinary expert with significant achievements in the CAD sector, intellectual property (IP) protection, and blockchain technology.
CAD Sector:
- Violetta is the CEO and co-founder of CADChain, a deep tech startup focused on developing IP management software specifically for CAD (Computer-Aided Design) data. CADChain addresses the lack of industry standards for CAD data protection and sharing, using innovative technology to secure and manage design data.
- She has led the company since its inception in 2018, overseeing R&D, PR, and business development, and driving the creation of products for platforms such as Autodesk Inventor, Blender, and SolidWorks.
- Her leadership has been instrumental in scaling CADChain from a small team to a significant player in the deeptech space, with a diverse, international team.
IP Protection:
- Violetta has built deep expertise in intellectual property, combining academic training with practical startup experience. She has taken specialized courses in IP from institutions like WIPO and the EU IPO.
- She is known for sharing actionable strategies for startup IP protection, leveraging both legal and technological approaches, and has published guides and content on this topic for the entrepreneurial community.
- Her work at CADChain directly addresses the need for robust IP protection in the engineering and design industries, integrating cybersecurity and compliance measures to safeguard digital assets.
Blockchain:
- Violetta’s entry into the blockchain sector began with the founding of CADChain, which uses blockchain as a core technology for securing and managing CAD data.
- She holds several certifications in blockchain and has participated in major hackathons and policy forums, such as the OECD Global Blockchain Policy Forum.
- Her expertise extends to applying blockchain for IP management, ensuring data integrity, traceability, and secure sharing in the CAD industry.
Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).
She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the “gamepreneurship” methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond, launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks and is building MELA AI to help local restaurants in Malta get more visibility online.
For the past several years Violetta has been living between the Netherlands and Malta, while also regularly traveling to different destinations around the globe, usually due to her entrepreneurial activities. This has led her to start writing about different locations and amenities from the POV of an entrepreneur. Here’s her recent article about the best hotels in Italy to work from.
About the Publication
Fe/male Switch is an innovative startup platform designed to empower women entrepreneurs through an immersive, game-like experience. Founded in 2020 during the pandemic “without any funding and without any code,” this non-profit initiative has evolved into a comprehensive educational tool for aspiring female entrepreneurs.The platform was co-founded by Violetta Shishkina-Bonenkamp, who serves as CEO and one of the lead authors of the Startup News branch.
Mission and Purpose
Fe/male Switch Foundation was created to address the gender gap in the tech and entrepreneurship space. The platform aims to skill-up future female tech leaders and empower them to create resilient and innovative tech startups through what they call “gamepreneurship”. By putting players in a virtual startup village where they must survive and thrive, the startup game allows women to test their entrepreneurial abilities without financial risk.
Key Features
The platform offers a unique blend of news, resources,learning, networking, and practical application within a supportive, female-focused environment:
- Skill Lab: Micro-modules covering essential startup skills
- Virtual Startup Building: Create or join startups and tackle real-world challenges
- AI Co-founder (PlayPal): Guides users through the startup process
- SANDBOX: A testing environment for idea validation before launch
- Wellness Integration: Virtual activities to balance work and self-care
- Marketplace: Buy or sell expert sessions and tutorials
Impact and Growth
Since its inception, Fe/male Switch has shown impressive growth:
- 5,000+ female entrepreneurs in the community
- 100+ startup tools built
- 5,000+ pieces of articles and news written
- 1,000 unique business ideas for women created
Partnerships
Fe/male Switch has formed strategic partnerships to enhance its offerings. In January 2022, it teamed up with global website builder Tilda to provide free access to website building tools and mentorship services for Fe/male Switch participants.
Recognition
Fe/male Switch has received media attention for its innovative approach to closing the gender gap in tech entrepreneurship. The platform has been featured in various publications highlighting its unique “play to learn and earn” model.