About us

innogy Ventures is the venture capital arm of innogy SE, one of Europe’s largest utility companies. Our purpose is to find the best teams that strive to make the world a better place.

Although we are a corporate VC, we approach each investment opportunity much like a financial investor. Our primary goal is to generate superior returns through profitable exits.

We run a quick and transparent process and take a collaborative, portfolio-first approach. Each venture is supported with a hands-on attitude, deep market understanding and business development assistance.

We offer our portfolio companies access to relevant people and units within the innogy group to help them become more competitive and accelerate their growth.

What we invest in

Focus areas:

We believe in digital innovation that is data-driven, utilizes proprietary, “transactive” technologies, and contributes to the Internet of Things or digital transformation (e.g. blockchain, artificial intelligence, virtual/augmented reality).

New Energy
Digital business models with the potential to revolutionize the traditional energy world

Internet of Things
Business models that can change the way we live and work due to IoT and smart devices

Smart City & Mobility
Solutions that improve the quality of life and work in cities

Geography:
Europe, Israel, North America.

Stage:
First or second institutional round of financing. Ideally, a start-up has already hit product/market fit and is ready to scale the business.

Check size:
1M€ – 5M€ in initial financing round. We also participate in follow-on rounds.

News

innogy Ventures and Shell Ventures back predictive digital twin pioneer Akselos see press release

Qmerit secures $11.75 million investment from Strandview Capital, Schneider Electric and innogy Ventures – see press release

gridX raises Series A round – see press release

Portfolio

Our portfolio will give you an idea of some of the technologies and firms we have funded:

Akselos is the creator of the world’s most advanced digital twin technology to protect critical infrastructure.

The Bidgely HomeBeat platform provides the tools that allow utilities to reimagine customer engagement, acquire and retain customers, and improve customer satisfaction.

BigchainDB starts with a big data distributed database and then adds blockchain characteristics – decentralized control, immutability and the transfer of digital assets.

DOOZER is a B2B contracting platform in the rental property industry, digitalizing  real estate modernization projects and processes for professional property owners and managers.

 

gridX is the central platform for energy producers and consumers, combining energy management, electricity procurement and monitoring.

 

MOJIO is an open platform that enables users to connect their cars with other people, places, and things via smartphone apps.

Qmerit’s merit-based solutions significantly reduce labor and material costs and improve service quality for building owners, property managers, OEM’s and contractors.

ScanTrust provides a secure cloud-based IoT platform for production authentication and supply chain visibility solutions.

 

TechSee’s visual support solution leverages augmented reality and artificial intelligence technologies to deliver a new way of providing technical support to customers.

T-REX’s SaaS platform provides tools for valuation, risk analysis, and structuring, and a marketplace to facilitate liquidity in PACE, solar, and other markets.

Team

Our team consists of a unique blend of proven energy market experts, successful serial entrepreneurs and VC professionals who are fully dedicated to helping our portfolio companies succeed.

Pascal Bless

Investment Analyst

Before joining innogy Ventures, Pascal gained consulting experience, worked in different technical positions and spent the most relevant part in the startup ecosystem.

Matthias Engel

Managing Partner

Before founding innogy Ventures, Matthias has pretty much spent all his career life in M&A. First as investment banker and then as part of innogy’s corporate M&A team. In his early career, he was part of a fintech start-up.

Marius Groke

Director Finance & Inv. Management

Prior to joining innogy Ventures, Marius worked as a management consultant focusing on transactions, process optimizations and reorganizations.

Alina Hassenrück

Office Manager

Alina’s professional life started with an apprenticeship in the RWE Group. After working in innogy’s M&A department and graduating a further training as a business economist, Alina joined the innogy Ventures team beginnng of 2017.

Veronique Hördemann

Investment Partner

Before founding innogy Ventures, Veronique had different roles in the commodity trading business of RWE and later was portfolio strategist for innogy. Beside her professional career she is a passionate yoga teacher.

Felix Krause

Investment Partner

Before joining innogy Ventures, Felix founded Milk the Sun (the world’s largest marketplace for PV projects) as well as an international renewable project developer, and worked as a start-up consultant.

Thomas Labryga

Investment Partner

Before joining innogy Ventures, Thomas was a Management Consultant with a focus on strategy in the energy industry. In this role he was developing national level energy strategies and executing the IPO of innogy.

Thomas W. Thomas

Managing Partner

Thomas started his career as an entrepreneur in IT services and e-commerce, later on he held executive positions in RWE Group / innogy SE (Strategy & Innovation, Sales & Trading and Portfolio Management).

Mischa Wetzel

Investment Partner

Mischa was a founder in the consumer Internet, e-commerce, media & music space for around 10 years before he changed sides and became a venture capitalist, first at a Berlin-based early stage VC fund, now at innogy Ventures.

Contact Us

Get in touch: ventures@innogy.com

Essen office:
innogy Ventures GmbH
Kettwiger Str. 62-64
45127 Essen, Germany
T: +49 20 189 07 89 00

Berlin office:
innogy Ventures GmbH
Hardenbergstr. 32
10623 Berlin, Germany
T: +49 30 120 84 945