VC Investments in Digital Energy: Future Energy Ventures closes €205 million Fund II in Europe

Portfolio, market signals and European context

In the context of VC investments in digital energy, various companies announced significant funding: Terra One in Germany raised about €150 million to expand a portfolio of grid storage architectures; Sympower in the Netherlands closed about €42 million to optimize demand management and grid flexibility; LIFEPOWR in Antwerp secured €5.65 million for virtual power plant technology; Clevergy in Spain raised €3.2 million to expand an intelligent energy platform; Renewcast in Italy finalized a funding lock of about €1 million for energy forecasting tools, while Twindo in the Netherlands closed €1 million for infrastructural software. Additionally, etalytics in Germany extended Series A to €16 million for AI-based energy optimization. Collectively, these deals totaled about €219 million in 2025 for software-oriented energy solutions.

These movements, along with other industry reports, place FEV at the heart of a rapidly growing European ecosystem led by specialized funds seeking to combine technological innovation, scalable operations, and climate impact. Meanwhile, notable EU players include funds such as Serena (€200 million for AI applied to energy transition), Armilar (€120 million for DeepTech and digital transformation in Southern Europe), and Backed VC (€86 million in deeptech), indicators of growing capital demand in key energy technology and sustainability areas.

Outlook and targeted portfolios

FEV is led by a team including Jan Lozek, Veronique Hördemann, Ohad Mamann, Patrick Elftmann, Moritz Jungmann, and Jan Palasinski. The firm invests in Series A and B companies offering AI-driven solutions for grid optimization, demand management, and the integration of innovative technologies into energy systems. Portfolio highlights include Chloris, Enspired, Feld Energy, Jua, Piclo, Reev, and Station A, entities driving innovation in areas such as flexibility, electric mobility, and energy digitization.

Managing Partner Veronique Hördemann emphasizes how Europe can become a global leader in sustainable energy: “The close of this fund demonstrates that digital energy has meaningful market potential and that a stable investment framework can foster growth, competitiveness, and innovation across the continent.”

FEV, operating both as an advisor and an investor, positions itself as one of Europe’s leading players in VC investments tied to energy technologies, focusing on software-centric solutions that optimize grids, storage, broad adoption of AI technologies, and energy management platforms. In a complex geopolitical context, accelerating digital energy innovation also becomes a matter of sovereignty and economic resilience.

Debate and critical reflections on digital energy

On the one hand, VC investments in digital energy promise technological acceleration, emissions reductions, and greater energy efficiency through scalable business models, digital infrastructure, and predictive analytics. Focusing on energy as software-driven allows replicating successful models seen in other sectors: real-time demand management, accurate consumption forecasting, and automation of critical processes. For founders, that means access to capital networks, mentorship, and partnership opportunities with large utilities and industrial players.

On the other hand, implementation challenges remain: regulatory dimensions, the need for robust enabling infrastructure, and managing the operational complexity of increasingly decentralized energy networks. Some critics might point out that software investments do not always translate into immediate profitability compared to hardware solutions or physical infrastructure, and that market capitalization can be volatile during energy transition phases. Moreover, it is essential to assess the social and economic impact on local communities, balancing innovation with energy inclusion and grid security.

Achieving a balance among venture capital, technological risk, and governance is crucial. For founders, investing in EnergyTech means not only pursuing disruptive technologies but also building resilient business models with concrete go-to-market plans, strategic partnerships, and the ability to scale in mature markets like Europe. Valuations must consider market conditions, European Green Deal regulations, public incentives, and the capacity to integrate intelligent systems into existing grids.

Final note: concrete opportunities for startups and investors

In conclusion, VC investments in digital energy represent a key lever to accelerate the energy transition in Europe. With FEV and peers, the European context provides capital, expertise, and a partner network to support startups from seed to scale-up, offering concrete opportunities for those developing demand management, storage, AI for the grid, and energy-forecasting platforms. For founders, identifying partners that offer not only funding but also operational know-how and market access is decisive to turning innovation into real value.

Source of reference