EnBW

EnBW Energie Baden-Württemberg AG is one of the largest energy supply companies in Germany and Europe, with a history that dates back over a century. Headquartered in Karlsruhe, the company serves approximately 5.5 million customers by providing electricity, gas, water, and energy-related products and services. With a workforce of around 21,000 employees, EnBW operates across the entire energy supply chain, emphasizing sustainable and digital infrastructure solutions. The company also engages in venture capital through its subsidiary, EnBW New Ventures, which invests in European startups focused on innovative infrastructure. Additionally, EnBW International Finance B.V., based in Amsterdam, issues various financial securities to support the group's financing needs. The firm is committed to transforming its operations to align with sustainable practices, reflecting its dedication to both regional development and environmental responsibility.

Melanie Beyersdorf

Investment Manager

Marcel Breithaupt

Finance Analyst

Crispin Leick

Managing Director

Theo Schulte

Investment Manager

Theodor Schulte

Principal

Holger Michael Wagner

Investment Director

30 past transactions

CYCLE

Seed Round in 2022
GetHenry provides electric vehicle subscriptions incl. software and service to delivery companies and couriers.

intigriti

Series B in 2022
Intigriti is an ethical hacking and bug bounty platform based in Aalst, Belgium, founded in 2016. It connects ethical hackers with companies to identify and address security vulnerabilities in a cost-effective manner. By facilitating continuous security testing through a managed platform, Intigriti allows businesses, ranging from small tech start-ups to large banks and airlines, to collaborate with experienced security researchers. This crowdsourced approach not only helps in uncovering bugs and cybersecurity issues but also provides a constant flow of innovative solutions to potential threats. The platform emphasizes a strong European focus, making it a valuable partner for organizations looking to enhance their cybersecurity measures.

Ease-Link GmbH

Series A in 2022
Easelink is developing and industrializing a highly efficient and powerful connection system to automate and accelerate electric vehicles'​ charging process and to kill users'​ pain of constantly plugging- in and out. The company industrializes MATRIX CHARGING®, the first automated conductive charging technology that has no moving parts outside of the vehicle. It‘s stationary and it‘s scalable. MATRIX CHARGING® has been developed to foster smart living through outstanding charging technology

enspired

Series A in 2021
enspired is an AI-driven trading house that specializes in innovative energy trading services for short-term power markets. The company leverages advanced technology and self-learning models to provide energy trading as a service, eliminating the need for traditional trading screens and optimization methods. enspired's platform features live market data, charting tools, and order execution capabilities, empowering retail traders to engage in the market with confidence and efficiency. The team comprises experienced algorithmic traders, data scientists, and technology enthusiasts who are committed to transforming the energy trading landscape.

Hololight

Venture Round in 2021
Holo-Light GmbH, founded in 2015, specializes in developing holographic software solutions aimed at enhancing engineering and industrial performance through augmented reality. The company offers a range of products, including Holo-View for CAD visualization, Holo-Art for 3D painting, Holo-Myo for muscle movement recognition, Holo-Control for home automation, and Holo-Expo for customized holographic exhibition design. Headquartered in Westendorf, Austria, with a subsidiary in Ismaning, Germany, Holo-Light has been recognized for its innovative contributions to augmented reality, earning multiple awards in Europe and North America. With a team of over 40 employees, the company is dedicated to redefining engineering practices and providing competitive advantages in the digital transformation landscape.

vialytics

Seed Round in 2021
Vialytics GmbH, founded in 2017 and based in Stuttgart, Germany, specializes in developing an artificial intelligence-based application that assesses road conditions using image data. The company's innovative system is designed for municipal vehicles, allowing real-time monitoring of road defects such as cracks and potholes through a smartphone application. This integrated solution not only facilitates the collection of road condition data but also enhances maintenance management for municipalities. By leveraging an IoT-enabled sensor and geoinformation system, Vialytics enables municipalities to effectively track road quality and receive timely updates on potential damages, ultimately improving the efficiency of road maintenance efforts.

3YOURMIND

Series A in 2021
3YOURMIND GmbH, founded in 2013 and headquartered in Berlin, Germany, with additional offices in San Francisco and Wroclaw, develops an innovative software platform for industrial 3D printing. The company provides enterprise software that automates additive manufacturing processes, streamlining workflows for various industries. Its product suite encompasses tools for managing the entire additive manufacturing supply chain, from analyzing historical data to optimizing order management and production scheduling. By standardizing workflows and automating associated business processes, 3YOURMIND enables data-driven decision-making and supports agile manufacturing practices. Their solutions, including Agile PLM and Agile ERP, enhance product innovation and order tracking, while Agile MES improves transparency and information flow on the production floor. The company has successfully partnered with notable clients such as GKN, DB Schenker, and EOS, offering expert guidance throughout the additive manufacturing workflow, from concept to execution.

DZ4

Acquisition in 2021
DZ4 GmbH, founded in 2011 and based in Hamburg, Germany, specializes in providing leasing, installation, and operational services for solar power and storage systems tailored for household customers. The company enables individuals to access customized solar solutions in a decentralized manner, promoting the use of renewable energy while helping to reduce electricity costs. Through its offerings, DZ4 aims to facilitate the transition to sustainable energy sources for residential users.

vialytics

Venture Round in 2020
Vialytics GmbH, founded in 2017 and based in Stuttgart, Germany, specializes in developing an artificial intelligence-based application that assesses road conditions using image data. The company's innovative system is designed for municipal vehicles, allowing real-time monitoring of road defects such as cracks and potholes through a smartphone application. This integrated solution not only facilitates the collection of road condition data but also enhances maintenance management for municipalities. By leveraging an IoT-enabled sensor and geoinformation system, Vialytics enables municipalities to effectively track road quality and receive timely updates on potential damages, ultimately improving the efficiency of road maintenance efforts.

Ben Fleet Services

Corporate Round in 2020
Ben Fleet Services GmbH is a company based in Berlin, Germany, founded in 2019, that specializes in providing comprehensive care and maintenance services for various fleet vehicles, including cars, transport vehicles, e-scooters, bicycles, scooters, and trains. The company offers a range of on-site services, such as exterior and interior cleaning, tire servicing, repairs, refueling, relocation, charging, and damage documentation. To streamline operations, Ben Fleet Services operates a mobile application that enables fleet managers and operators to schedule services and monitor vehicle status and maintenance cycles. With a focus on integrating digital solutions into existing systems, Ben Fleet Services aims to enhance the service market for fleet vehicles.

Cleverciti

Series A in 2020
Cleverciti Systems GmbH specializes in developing smart parking solutions that aim to optimize outdoor parking operations. Founded in 2012 by Thomas Hohenacker, the company is headquartered in Munich, Germany, with additional offices in Chicago. Cleverciti offers a comprehensive platform that includes Cleverciti SENSORS, which detect and locate free and occupied parking spaces in real time, and the Cleverciti APP, which guides drivers to available spaces, thereby minimizing search time and traffic congestion. Additionally, the Cleverciti COCKPIT serves as a back-office interface, providing users with monitoring and control features. By integrating intelligent parking detection with driver communication, Cleverciti enhances data capture and analysis across various organizational divisions. Its solutions have been deployed in diverse sectors such as retail, smart city initiatives, healthcare, and entertainment, all aimed at reducing vehicle emissions, traffic, and improving overall parking management.
Greenbird Integration Technology AS is a software and solutions company based in Oslo, Norway, with additional offices in Stavanger and Palo Alto. Founded in 2009, the company specializes in providing IT advisory services and integration solutions to both public and private organizations across Europe. Its primary product, Utilihive, serves as a domain-specific integration platform designed for utilities, facilitating their digital transformation and enhancing capabilities in smart grid, smart city, and industrial Internet of Things applications. Greenbird also offers Metercloud.io, which includes big data integration applications for smart metering and related processes, along with Ghostwriter, a simulation platform for smart meters and grids. The company caters to various sectors, including utilities, banking and financial services, telecommunications, and public services, and is recognized as a thought leader in digital innovation within the energy sector, supporting over 65 million clients globally.

3YOURMIND

Series A in 2020
3YOURMIND GmbH, founded in 2013 and headquartered in Berlin, Germany, with additional offices in San Francisco and Wroclaw, develops an innovative software platform for industrial 3D printing. The company provides enterprise software that automates additive manufacturing processes, streamlining workflows for various industries. Its product suite encompasses tools for managing the entire additive manufacturing supply chain, from analyzing historical data to optimizing order management and production scheduling. By standardizing workflows and automating associated business processes, 3YOURMIND enables data-driven decision-making and supports agile manufacturing practices. Their solutions, including Agile PLM and Agile ERP, enhance product innovation and order tracking, while Agile MES improves transparency and information flow on the production floor. The company has successfully partnered with notable clients such as GKN, DB Schenker, and EOS, offering expert guidance throughout the additive manufacturing workflow, from concept to execution.

Hololight

Series A in 2019
Holo-Light GmbH, founded in 2015, specializes in developing holographic software solutions aimed at enhancing engineering and industrial performance through augmented reality. The company offers a range of products, including Holo-View for CAD visualization, Holo-Art for 3D painting, Holo-Myo for muscle movement recognition, Holo-Control for home automation, and Holo-Expo for customized holographic exhibition design. Headquartered in Westendorf, Austria, with a subsidiary in Ismaning, Germany, Holo-Light has been recognized for its innovative contributions to augmented reality, earning multiple awards in Europe and North America. With a team of over 40 employees, the company is dedicated to redefining engineering practices and providing competitive advantages in the digital transformation landscape.

vialytics

Venture Round in 2019
Vialytics GmbH, founded in 2017 and based in Stuttgart, Germany, specializes in developing an artificial intelligence-based application that assesses road conditions using image data. The company's innovative system is designed for municipal vehicles, allowing real-time monitoring of road defects such as cracks and potholes through a smartphone application. This integrated solution not only facilitates the collection of road condition data but also enhances maintenance management for municipalities. By leveraging an IoT-enabled sensor and geoinformation system, Vialytics enables municipalities to effectively track road quality and receive timely updates on potential damages, ultimately improving the efficiency of road maintenance efforts.

Replex

Seed Round in 2019
replex GmbH develops and provides on-premise and SaaS based solutions for the management and optimization of information technology (IT) infrastructures. It offers an IT infrastructure visualization and optimization platform that provides the critical information about physical and virtual machines, docker containers, and public cloud instances in one interface; automatically gathers complete real time information on the entire cloud and physical infrastructure; and uses statistical algorithms to calculate optimization reports for any type of infrastructure. replex GmbH was founded in 2015 and is based in Duisburg, Germany with additional locations in Berlin and Leipzig, Germany; Boston, Massachusetts; and San Francisco, California.

Cleverciti

Series A in 2019
Cleverciti Systems GmbH specializes in developing smart parking solutions that aim to optimize outdoor parking operations. Founded in 2012 by Thomas Hohenacker, the company is headquartered in Munich, Germany, with additional offices in Chicago. Cleverciti offers a comprehensive platform that includes Cleverciti SENSORS, which detect and locate free and occupied parking spaces in real time, and the Cleverciti APP, which guides drivers to available spaces, thereby minimizing search time and traffic congestion. Additionally, the Cleverciti COCKPIT serves as a back-office interface, providing users with monitoring and control features. By integrating intelligent parking detection with driver communication, Cleverciti enhances data capture and analysis across various organizational divisions. Its solutions have been deployed in diverse sectors such as retail, smart city initiatives, healthcare, and entertainment, all aimed at reducing vehicle emissions, traffic, and improving overall parking management.

DZ4

Series B in 2019
DZ4 GmbH, founded in 2011 and based in Hamburg, Germany, specializes in providing leasing, installation, and operational services for solar power and storage systems tailored for household customers. The company enables individuals to access customized solar solutions in a decentralized manner, promoting the use of renewable energy while helping to reduce electricity costs. Through its offerings, DZ4 aims to facilitate the transition to sustainable energy sources for residential users.

SA Valeco-SPE

Acquisition in 2019
SA Valeco-SPE operates as an energy generation company. It owns and operates wind farms. The company was founded in 1988 and is based in Montpellier, France.

Gridscale

Series A in 2019
gridscale GmbH is a cloud computing provider based in Bedburg, Germany, specializing in Infrastructure as a Service (IaaS) solutions for both businesses and individual developers. Founded in 2014, the company offers a highly automated platform that allows users to manage cloud servers and customize infrastructure resources according to their specific needs. Their services include virtual cloud servers, storage, network resources, and complementary Platform as a Service (PaaS) components such as load balancers and firewalls. gridscale’s architecture is designed to integrate seamlessly into existing corporate systems, enabling clients to focus on their core business activities without the complexities of managing cloud infrastructure. This approach is particularly valuable in an era of increasing data complexity and volume.

babelforce

Venture Round in 2019
babelforce is a global cloud communications platform focussed on no-code integration and automation. Build and manage any call handling process. Leverage our global telecommunications infrastructure to offer premium call quality. Connect your devices, channels and integrate your core business tools – no coding required.

Lumenaza

Series A in 2018
Lumenaza GmbH, founded in 2013 and based in Berlin, Germany, operates a software-as-a-service platform that facilitates the buying and selling of renewable electricity. The company emerged from the realization that while many local communities generate green electricity, accessing this energy was often complicated and opaque. Lumenaza's platform employs advanced algorithms to ensure a secure and balanced supply of renewable energy within regional markets. Since launching its software in 2014, Lumenaza has collaborated with municipal utilities, project developers, and energy cooperatives to promote regional electricity products. In 2016, the company enhanced its platform into a comprehensive "utility in a box" solution, enabling it to provide all necessary services for energy management in a modular and automated manner. This innovative approach connects producers and consumers of distributed energy, allowing for efficient monitoring and management of renewable power plants, thereby streamlining operations and reducing costs for its clients.

Cleverciti

Series A in 2017
Cleverciti Systems GmbH specializes in developing smart parking solutions that aim to optimize outdoor parking operations. Founded in 2012 by Thomas Hohenacker, the company is headquartered in Munich, Germany, with additional offices in Chicago. Cleverciti offers a comprehensive platform that includes Cleverciti SENSORS, which detect and locate free and occupied parking spaces in real time, and the Cleverciti APP, which guides drivers to available spaces, thereby minimizing search time and traffic congestion. Additionally, the Cleverciti COCKPIT serves as a back-office interface, providing users with monitoring and control features. By integrating intelligent parking detection with driver communication, Cleverciti enhances data capture and analysis across various organizational divisions. Its solutions have been deployed in diverse sectors such as retail, smart city initiatives, healthcare, and entertainment, all aimed at reducing vehicle emissions, traffic, and improving overall parking management.

Theva

Series C in 2017
Theva is the market leader in HTS coatings and has been developing flexible coated conductors for electrical power engineering for more than a decade. Thanks to a proprietary, independent technology access and a broad patent portfolio Theva is taking a leading role in coated conductor technology. Theva also develops processes and coatings in the physical coating technology, e.g. for fuel cells, photovoltaic, and sensors.The equipment manufacturing unit is based on a team of highly experienced professionals. Theva is designing specialized equipment and components for physical coating and is leading in the quality control of superconductor coatings. Theva‘s instruments are setting standards in HTS quality assurance worldwide.

Replex

Seed Round in 2017
replex GmbH develops and provides on-premise and SaaS based solutions for the management and optimization of information technology (IT) infrastructures. It offers an IT infrastructure visualization and optimization platform that provides the critical information about physical and virtual machines, docker containers, and public cloud instances in one interface; automatically gathers complete real time information on the entire cloud and physical infrastructure; and uses statistical algorithms to calculate optimization reports for any type of infrastructure. replex GmbH was founded in 2015 and is based in Duisburg, Germany with additional locations in Berlin and Leipzig, Germany; Boston, Massachusetts; and San Francisco, California.

Hubject

Funding Round in 2016
Hubject, founded in 2012, offers an "eRoaming" platform which aims to connect up EV charging stations and unify overall charging infrastructure for better mapping and easier payment solutions.

Connected Wind Services

Acquisition in 2016
Connected Wind Services is a privately held company that provides maintenance services for wind turbine owners.

Carbon Trust

Venture Round in 2016
Carbon Trust, established in 2001 and based in London, is dedicated to promoting a sustainable, low-carbon economy by assisting businesses, governments, and organizations worldwide in reducing carbon emissions and enhancing resource efficiency. With a team of over 200 experts in sustainability, including engineers and policy specialists, the organization leverages nearly two decades of experience in the climate change sector. Carbon Trust collaborates with various entities to provide strategic guidance on carbon reduction plans, energy systems, and climate action strategies. Its focus areas include corporate sustainability, green finance, and offshore wind, among others. The firm reinvests profits from its commercial activities back into its mission, supporting efforts to address the global climate emergency.

Lumenaza

Seed Round in 2016
Lumenaza GmbH, founded in 2013 and based in Berlin, Germany, operates a software-as-a-service platform that facilitates the buying and selling of renewable electricity. The company emerged from the realization that while many local communities generate green electricity, accessing this energy was often complicated and opaque. Lumenaza's platform employs advanced algorithms to ensure a secure and balanced supply of renewable energy within regional markets. Since launching its software in 2014, Lumenaza has collaborated with municipal utilities, project developers, and energy cooperatives to promote regional electricity products. In 2016, the company enhanced its platform into a comprehensive "utility in a box" solution, enabling it to provide all necessary services for energy management in a modular and automated manner. This innovative approach connects producers and consumers of distributed energy, allowing for efficient monitoring and management of renewable power plants, thereby streamlining operations and reducing costs for its clients.

DZ4

Seed Round in 2015
DZ4 GmbH, founded in 2011 and based in Hamburg, Germany, specializes in providing leasing, installation, and operational services for solar power and storage systems tailored for household customers. The company enables individuals to access customized solar solutions in a decentralized manner, promoting the use of renewable energy while helping to reduce electricity costs. Through its offerings, DZ4 aims to facilitate the transition to sustainable energy sources for residential users.
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