Berlin-based venture capital firm Vireo Ventures has closed its Electrification Fund I at €50 million, investing in European early-stage founders driving an all-electrified future.
- Founded in 2020, Vireo Ventures is a European early-stage energy-tech VC investing in seed and pre-seed startups that drive the electrification and digitalization of the energy and mobility sectors.
- The firm backs solutions across the energy value chain, from decentralized clean energy generation (upstream) and smart grids and storage technologies (midstream) to e-mobility, industrial applications, and smart infrastructure (downstream).
- Vireo’s portfolio already includes innovative companies such as Encentive, Atmen, Green Fusion, About:Energy, FLEXECHARGE, and Metiundo.
- With the launch of its new €50 million Electrification Fund I, Vireo aims to accelerate Europe’s energy transition by supporting startups developing technologies that optimize energy systems, enable sector coupling, and advance decarbonization.
- Beyond capital, the firm provides active mentorship, fosters pilot projects with its LPs, and builds strategic partnerships to help startups scale rapidly and maximize both commercial success and climate impact.
- The fund is backed by Encevo, VERBUND X, EnBW New Ventures, the European Investment Fund (EIF), NRW.BANK, and more than 80 individual investors and energy sector experts.
"Thank you to our LPs for believing in us, our portfolio founders for trusting us as their investor, and to the Vireo team for bringing conviction in our mission every day," Vireo Ventures' team, commented on LinkedIn.
