Vireo Ventures Closes €50M Electrification Fund I

Team S · 2025-10-10T10:32:39.000Z

Berlin-based Vireo Ventures has completed the final close of its first fund, the Electrification Fund I, raising €50 million. The capital will support early-stage European startups focused on technologies across grid intelligence, energy storage, decarbonized heating, and e-mobility. The fund’s backing comes from a syndicate of six European energy utilities, including Encevo, Verbund X, and EnBW New Ventures - alongside institutional investors such as the European Investment Fund and NRW.BANK, as well as more than 80 entrepreneurs, energy sector veterans, and industry specialists. Vireo Ventures was founded in 2020 and is led by Managing Partner Felix Krause, who previously worked with innogy Ventures. Other members of the management team include Matthias Engel, Mischa Wetzel, Sven Heiligtag, Thomas Labryga, Lou Arzur, and Sandro Michelmann. The firm positions itself as more than just a capital provider- its limited partners contribute industry expertise, pilot opportunities, and strategic collaboration with portfolio companies. The fund is already fully subscribed, reflecting strong investor confidence in Vireo’s approach to advancing Europe’s energy transition.

Member Login Get Access

Vireo Ventures Closes €50M Electrification Fund I | Newnex