Vireo Ventures

Happy Independence Day everyone! 🗽 🇺🇸 In our latest newsletter edition, we discuss Vireo Ventures officially becoming an Article 9 fund, announce a big new LP joining our ranks, and tease some new deals we've been working on lately 🤓

EnBW New Ventures invests in Vireo Electrification Fund! We are pleased to announce that EnBW New Ventures, led by Crispin Leick, has chosen to invest in our Electrification Fund I. Crispin explains, “Our focus is on direct investments in startups. We only invest in funds when we have known the teams for a long time and they are knowledgeable in their field. It is also important to us that our direct investment strategy benefits from this engagement.” Through the collaboration with Vireo Ventures, the EnBW New Ventures team significantly expands its cleantech network and gets even closer to international seed investments and the development of early-stage startups. A recent example of this is the investment in Cozero, which EnBW New Ventures discovered through Vireo Ventures. For us at Vireo Ventures, the partnership with EnBW New Ventures is incredibly valuable. Our managing partner, Felix Krause, states, “I am excited about the collaboration with EnBW New Ventures. The exchange with the team is characterized by transparency and openness. It is a great vote of confidence that the Corporate Venture Capital unit of a large energy company like EnBW is investing in us, and we are delighted to expand our expert network through this partnership.” Together, we are powering the future of electrification and sustainability! #VireoVentures #EnBWNewVentures #ElectrificationFund #CleanTech #Sustainability #Startups #Investment #Innovation #FutureEnergy

Last day at The smarter E / Intersolar. The first pitches have just started, so if you are still in Munich, make sure to come by our start-up stage in Hall C5.374!

Another exciting energy conference is just around the corner in Munich, with more than 3,000 exhibitors and over 110,000 visitors expected! The city is buzzing, the hotels are fully booked and on top of that the German football team is playing Hungary in the Allianz Arena on Wednesday night. From our Vireo Ventures portfolio, Amperecloud, Atmen, FLEXECHARGE, ECO2GROW, e-mobilio, HeyCharge, PIONIX GmbH and suena will be in Munich to showcase their solutions. We at Vireo will bring almost our entire team to Munich to host the combined startup stage of Intersolar, The smarter E and Power2Drive. From tomorrow until Friday, we will have over 50 companies on stage pitching to find partners, customers and investors. If you're a startup and you're not on stage, come and visit us at our stand for a chat about your business or to get some tips on preparing for your next funding round. You'll find us at stand C5.374, on stage, or mingling with colleagues and some of our LPs around town. Many of you will join us at our Startup x VC Sundowner with World Fund and BRYCK.COM on Wednesday, where we'll be enjoying some pizza, drinks and a competitive football match. By the way, we are completely overbooked, so come early. See you all in Munich!

Looking forward to 3 packed days in Munich next week!

We are thrilled to announce that Vireo Ventures will be attending The smarter E / Intersolar Europe in Munich from June 19-21, 2024! Even more exciting, we have the honor of moderating the start-up stage across all three days. 🎤 📅 You can find the agenda here: https://lnkd.in/d5xfh6Ff Additionally, we have a limited number of free tickets to share. If you'd like to join us, please leave a comment below and we'll send you a code (first come, first serve). 🎟️ We are looking forward to three fantastic days in Munich and the opportunity to meet many inspiring start-ups. See you there! #Intersolar2024 #SmarterE #Startups #Innovation #VireoVentures

🌱 Wow, May has flown by! Here’s the latest exciting update from Vireo Ventures and our dynamic portfolio companies: Vireo Ventures Updates: 🇪🇺 EU Advocacy: In partnership with 23 organizations under Cleantech for Europe, we’ve co-signed an open letter urging the EU to expand its Net-Zero Industry Act. Check it out here: https://lnkd.in/e5z7aYQv 🤝 Community Engagement: We recently wrapped up our LP summer gathering. Take a look at the event’s highlights here: https://lnkd.in/eirXJhDc 🌞 Upcoming Events: We’re gearing up for our participation in The smarter E / Intersolar in June. Stay tuned for more details! #PortfolioHighlights: 💡 Cozero: Successfully raised €6.5 million in a Series A funding round led by Kvanted and EnBW New Ventures, with additional support from NewAlpha Asset Management and notable business angels. Congratulations once again! 🌍 Atmen: Exciting news as Atmen has teamed up with TÜV NORD GROUP to assist hydrogen and e-fuels project developers meet EU sustainability standards. 🔋 About:Energy Energy: Announced a strategic technical partnership with McMurtry Automotive Limited to enhance battery technology for groundbreaking electric vehicles. Learn more here: https://lnkd.in/egZHR8_3 🌟 encentive GmbH: Proudly named startup of the month by PV Magazine Deutschland. Well deserved! Find out more here: https://lnkd.in/eNdwC8ju 🔌 FLEXECHARGE: On a roll with four new official partnership announcements in one month: The firm is partnering with Autel Energy, EVesto, Ekoenergetyka and Pixii AS to enhance EV charging and deploy energy solutions across Europe. Congrats to the team and partners! 🎉 Amperecloud: Celebrating its fifth anniversary with over 5 GWp in PV and BESS monitoring assets managed across more than 50 countries. Cheers to 55 dedicated team members across three offices! 🏠 Green Fusion: Exciting new customers with Baugenossenschaft Niederberg eG and Spar- und Bauverein eG Dortmund using the intelligent heat energy autopilot, the latter in collaboration with Vodafone! 🌐 Connect with Us at Vireo: Are you innovating in cleantech? A visionary investor? Interested in collaboration or investments? Reach out to us at [email protected] or discover more at www.vireo.vc. #VireoVentures #Cleantech #Electrification #Investment #Startup #Innovation #Sustainability 🌍🔌🚀📈🌱

We would like to thank everyone who joined us for a great time of BBQ & Beer at our summer gathering last night. The outdoor location was just right for an early-summer night with good weather 🌤 🍺 🍖 We're quite proud to have built such a strong community of like-minded people in the European energy space who share our vision of a rapid, intelligent energy transition. It's also been exciting to host our soon-to-be portfolio company #11 and give the founders the opportunity to connect with our LPs from the very beginning. That said, we are already looking forward to our big Portfolio Day in November! 😊

Great news from our portfolio company About:Energy! Today they finally announced their strategic technical partnership with McMurtry Automotive Limited to advance the battery technology of the Spéirling and Spéirling PURE, record-breaking electric vehicles renowned for their impressive performance metrics. This collaboration will use About:Energy's cutting-edge battery design software and world-class testing facilities to improve the life and performance of the Molicel P50B lithium-ion battery. The goal is to equip McMurtry's vehicles with a battery pack that not only maximises efficient fast charging, but also offers increased cycle life to ensure top performance in both motorsport and hypercar applications. Congratulations to Kieran O'Regan, Gavin White and the entire About:Energy team!

𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐜𝐥𝐞𝐚𝐧𝐭𝐞𝐜𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐧𝐞𝐞𝐝𝐬 𝐚 𝐛𝐨𝐨𝐬𝐭! Yesterday, the European Parliament approved the Net-Zero Industry Act which now needs to be formally adopted by the European Council to become law. However, the Net-Zero Industry Act is missing key elements to make Europe "the home of cleantech manufacturing". And the Strategic Technologies for Europe Platform (STEP), itself a downgraded sovereignty fund, has failed to gain the support of EU leaders, leaving a significant cleantech investment gap unfilled. Together with 23 organisations and under the impetus of Cleantech for Europe, we have co-signed an open letter calling on the EU to build on its Net-Zero Industry Act and create a resilient environment for cleantech manufacturers to thrive in Europe. As a new political cycle approaches, an EU Cleantech Competitiveness Deal must set out strategic plans to attract and develop innovative, growing sectors such as carbon dioxide removal (CDR), and ensure sufficient allocation of research and growth funding at EU level. Read the open letter (https://lnkd.in/e5z7aYQv), signed by Airborne Wind Europe, Aster Capital, Carbon-Free Europe, Cleantech for Europe, Climate Strategy & Partners, Ecocem Global, Electrochaea, EUREC - The Association of European Renewable Energy Research Centres, GET Fund, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics, MITO Technology, Negative Emissions Platform, Planet A Ventures, Rockstart, Skeleton Technologies, Solar Impulse Foundation, Tech for Net Zero, Transport & Environment (T&E), Trill Impact, Verkor, World Fund and xista science ventures