First Imagine!

First Imagine! is a European venture capital firm specializing in early-stage investments within the energy transition sector across Europe and Israel. It focuses on companies advancing deep science and engineering technologies, innovative business models, and all aspects of energy production, transmission, distribution, consumption, and monitoring.

Boris Dorin

Partner

Alexander Starchenko

Founder and Managing Partner

17 past transactions

Dryad Networks

Venture Round in 2024
Founded in 2020, Dryad Networks provides advanced forest monitoring solutions. It offers sensor nodes, distributed gateways, and a platform for detecting fires and tracking forest health. The company operates from Berlin and Eberswalde, Germany.

Pionierkraft

Series A in 2024
Founded in 2019, Pionierkraft is a Munich-based company that develops sustainable solutions to increase on-site energy consumption. It focuses on making renewable energy affordable and accessible by facilitating its distribution among neighboring households.

HelioRec

Seed Round in 2023
HelioRec specializes in developing floating solar power plants for near-shore locations, transforming unused water surfaces into clean energy generation sites. This innovative approach reduces land reliance and carbon emissions, providing sustainable and cost-effective electricity production solutions for ports, coastal communities, and utility operators.

Greenbackers Investment Capital

Seed Round in 2023
Greenbackers Investment Capital Limited is a private equity and venture capital firm based in Glasgow, United Kingdom, established in 2012. The firm specializes in investing in early-stage and growth capital opportunities within the technology and green sectors, specifically focusing on earth tech, ocean tech, and clean tech. Greenbackers aims to connect disruptive technology providers with a network of climate-focused investors, facilitating funding for innovation and commercial ventures. The firm typically invests between £2 million and £20 million for equity stakes and can provide up to £100 million for asset and project finance, often preferring majority stakes in its investments. Greenbackers primarily targets opportunities in the United Kingdom and North America.

Solar Materials

Venture Round in 2023
Solar Materials specializes in the environmentally friendly and cost-effective recycling of photovoltaic (PV) modules. The company focuses on improving resource efficiency and reducing the carbon footprint of solar modules by recovering valuable raw materials such as glass, aluminum, silicon, copper, and silver from discarded PV panels. Their technologies aim to create a sustainable cycle for photovoltaics raw materials, contributing significantly to both ecological and economic benefits for their clients.

Lumenaza

Series B in 2021
Lumenaza GmbH is a Berlin-based company founded in 2013 that specializes in developing and operating a software-as-a-service platform for the buying and selling of renewable electricity. The company's platform connects producers and consumers of green distributed energy, utilizing sophisticated algorithms to ensure a secure and balanced supply of renewable electricity within regional communities. Lumenaza's software, available since early 2014, supports the management of renewable power plants, balancing groups, and provides real-time energy management data to market participants. The company has collaborated with municipal utilities, energy cooperatives, and project developers to create regional electricity products. In 2016, Lumenaza expanded its offerings to include a modular and highly automated "utility in a box" solution, which encompasses all services typical of an energy service provider.

HELIOVIS

Venture Round in 2020
HELIOVIS designs and manufactures solar concentration solutions for Solar Heat for Industrial Purposes (SHIP) and power applications. It develops inflatable, tube-shaped solar collectors that concentrate sunlight to deliver clean thermal energy in the 90°C to 550°C range, suitable for processes such as desalination and other fossil-fuel–powered operations. Its flagship HELIOtube is a 220-meter-long inflatable concentrator with a 7.8-meter aperture capable of about 0.9 MWth, functioning similarly to a parabolic trough and offering heat sustainment for up to 24 hours. The technology promises lower capital and operating costs compared with conventional glass-mirror systems, and is supported by an extensive IP portfolio spanning 12 patent families and dozens of patents. The company has demonstrated its technology in Spain since 2017 at a TRL 7 level and pursues scale-up and international deployment for both industrial heat and solar power plant applications.

Moixa Technology

Corporate Round in 2019
Moixa Technology develops integrated hardware and software solutions for renewable energy storage, optimization, and aggregation. Established in 2005, it specializes in residential and commercial energy storage systems, offering battery solutions, DC sockets, LED lighting products, and smart monitoring services. Moixa serves utilities, network operators, installers, and other market segments.

Aibuild

Seed Round in 2019
Ai Build Limited is a London-based company specializing in artificial intelligence and robotic technologies for large-scale additive manufacturing. Established in 2015, the firm provides a comprehensive solution that includes cloud-based software, robotic extruders, and specialized enclosures to facilitate autonomous 3D printing of large products. Their technology allows factories to produce complex parts and structures using recycled materials, enhancing efficiency while minimizing waste and costs. Ai Build supports various industries, including aerospace, automotive, marine, construction, and energy, by offering continuous infrastructure and technical support throughout the subscription period. The company's mission is to transform manufacturing into a more sustainable and accessible process, empowering the factories of the future with innovative solutions for on-demand production.

Voltaware

Series A in 2018
Voltaware develops an energy monitoring solution that provides real-time monitoring of electricity consumption and home energy management. The device tracks electrical usage via built-in sensors, converts consumption data into actionable insights, and performs energy disaggregation to identify which appliances consume power. The platform supports both residential and small business users, offering energy-saving advice, predictive maintenance, and guidance to optimize bills and access competitive energy offerings. The company, founded in 2014 and based in London, aims to increase transparency in energy usage and help customers improve efficiency without compromising lifestyle.

Aurelia Turbines

Venture Round in 2018
Aurelia Turbines designs and manufactures two-stage gas turbines for small and medium-sized enterprises. Originating from research at Lappeenranta University of Technology, the company emphasizes high reliability and efficiency through modular components. Based in Lappeenranta, Finland, it maintains additional offices in Germany and the United Kingdom. The turbines use a low-emission combustion process compatible with hydrogen, biogas, synthetic gas, and other renewable or non-standard fuels, enabling customers to reduce operating costs and environmental impact. Aurelia holds a portfolio of intellectual property around its core technology and continues to develop its product applications with industrial partners, leveraging public and EU funding channels to support its R&D and growth.

Moixa Technology

Venture Round in 2018
Moixa Technology develops integrated hardware and software solutions for renewable energy storage, optimization, and aggregation. Established in 2005, it specializes in residential and commercial energy storage systems, offering battery solutions, DC sockets, LED lighting products, and smart monitoring services. Moixa serves utilities, network operators, installers, and other market segments.

Aibuild

Seed Round in 2017
Ai Build Limited is a London-based company specializing in artificial intelligence and robotic technologies for large-scale additive manufacturing. Established in 2015, the firm provides a comprehensive solution that includes cloud-based software, robotic extruders, and specialized enclosures to facilitate autonomous 3D printing of large products. Their technology allows factories to produce complex parts and structures using recycled materials, enhancing efficiency while minimizing waste and costs. Ai Build supports various industries, including aerospace, automotive, marine, construction, and energy, by offering continuous infrastructure and technical support throughout the subscription period. The company's mission is to transform manufacturing into a more sustainable and accessible process, empowering the factories of the future with innovative solutions for on-demand production.

Moixa Technology

Venture Round in 2017
Moixa Technology develops integrated hardware and software solutions for renewable energy storage, optimization, and aggregation. Established in 2005, it specializes in residential and commercial energy storage systems, offering battery solutions, DC sockets, LED lighting products, and smart monitoring services. Moixa serves utilities, network operators, installers, and other market segments.

ARDN Technology

Venture Round in 2015
ARDN Technology team is developing a universal platform with a high cargo carrying capacity for a global market. This unmanned VTOL platform features separation of lifting and steering rotors as the fundamental aerodynamic principle. The development of SKYF Platform started in 2014. The debut flight of a full-size prototype took place in the spring of 2016. Our Technical Team is heavily involved in the creation of a new mathematical model and the development and implementation of a unique flight control system that is considerably different from flight control systems applicable to quadcopters and other multirotors. As of 2017, over 30 technical experts are engaged in the development of the platform. We run continuous tests and implement ongoing prototype improvements.

iGlass Technology

Seed Round in 2015
Founded in 2014, iGlass Technology specializes in manufacturing innovative protective films for various applications. Initially focusing on automotive, architectural, solar protection, and privacy uses, the company has since expanded its portfolio to include 'digital blinds', a transparent, flexible film offering digitally tunable light transmittance. These smart window solutions enhance visual comfort, energy efficiency, and compatibility with smart homes and offices.

ANF Technology

Series C in 2013
NAFEN™ – Aluminum Oxide Nano fibers have been developed in a pilot manufacturing facility in Tallinn, Estonia since 2011. The product is synthesized by the method of controlled liquid phase oxidation, which ensures a high production rate. The test facility has proven the efficacy of the production process for delivering volumes of high-quality aluminum oxide nano fibers in excess of 0.5 kilograms per hour in a continuous production cycle 24/7, 3 000 kg per year. The production process has been patented, allowing ANF Technology to develop sales channels and research partners without jeopardizing potential market share of the nano fiber market. The production process allows for increases in volume up to 100 times the current production levels, thus eliminating the main roadblock in the nano fiber industry (lack of industrial scale production capacity). NAFEN™ is the revolutionary nanomaterial of the next technological wave for which nanotubes have been preparing the world for over 20 years. Having this industrial technology at hand, numerous NAFEN™- inside solutions will be developed and implemented. NAFEN™ provides a unique combination of properties including controllable diameter of 7 to 40 nm, length of over 150 millimeters, high tensile strength, vast surface area, chemical inertness, stability against radiation, and thermal stability. • fiber diameter is controllable by production parameters, from 7 to 40 nm • individual fiber length up to 150 mm supplied in co-aligned or random structure • bulk density 0.09–3.5 g/cm3 • supplied in dry form or dispersed in water or alcohols
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