Future Energy Ventures (FEV) has closed a €235 million second fund to accelerate the adoption of digital and asset-light technologies that support Europe’s transition toward energy independence. With the close of Fund II, the firm becomes the largest European venture platform focused on software-driven EnergyTech solutions.
According to FEV, the new fund will enable the firm to broaden its backing of founders working on technologies that strengthen energy resilience, foster decarbonisation, and support economic stability across the continent. The close reflects growing investor appetite for system-level innovation in energy, particularly as grids face rising demand, volatility, and integration challenges.
A global mix of institutional and strategic partners supports the fund. Limited partners include the European Investment Fund (EIF), E.ON, CDP Cassa Depositi e Prestiti, Bank Gospodarstwa Krajowego (BGK), KfW Capital, ABN AMRO Bank N.V., CLP, MTR Corporation Limited, Isa Energia, Borusan Holding, Zorlu Holding, Telos Impact, Kelag Energie, Energie AG OÖ, and Sabanci Climate Ventures. FEV describes this group as a uniquely diversified base committed to scaling innovations that modernize energy systems.
Fund II will target Series A and Series B EnergyTech startups developing AI-driven and software-first solutions that enhance grid efficiency, enable flexible demand management, and integrate emerging technologies into the broader energy ecosystem. The approach reflects FEV’s continued focus on system-level transformation, where digital intelligence is increasingly central.
The firm has already deployed capital into several companies through Fund II. The active portfolio includes Piclo, enspired, reev, Jua, feld.energy, Chloris Geospatial, and Station A, representing early momentum as FEV expands its investment activity across Europe and other key global markets.
