ETF Partners
also invests · investor profile3 known investors
VC fund (founded 2006) supporting entrepreneurs with investment capital and experience.
Also known as ETF Partners (Environmental Technologies Fund) · The Environmental Technologies Fund
Investors · 3
Company profile
researched Aug 2026ETF Partners, also known as The Environmental Technologies Fund, is a European venture capital firm that invests in technology companies addressing environmental and climate challenges. The firm describes itself as a sustainable investment pioneer that has backed sustainability-focused innovation for more than two decades, and positions its strategy around what it calls "Sustainability through Innovation" — backing what it terms the intelligence layer that enables modern infrastructure. Its capital comes from institutional investors, global corporations and family offices; its fourth fund was supported by the European Investment Fund and British Patient Capital.
The firm invests across five market segments: Energy Transition, Future Mobility, Green Connectivity, Responsible Consumer, and Sustainable Food, with agriculture also cited among its verticals. It targets companies with rapidly growing revenue or the potential for large-scale commercial success, at early growth and growth stages, with cheque sizes described as ranging from €0 to €5m and above. As of 2025 the firm reported over 30 portfolio companies. Named portfolio and Fund 4 investments include AIPERIA (demand planning software for fresh food), Dexter Energy (an energy AI platform to reduce grid imbalance), Fairly Made (SaaS for fashion supply chain visibility and impact measurement), Hellas Direct, Net Purpose, Open Cosmos, Cubbit, Riverlane and Shippeo.
Business model
ETF Partners operates as a venture capital fund manager, raising capital from institutional investors, global corporations and family offices — including the European Investment Fund and British Patient Capital in its fourth fund — and deploying it into equity stakes in European technology companies. Returns are generated through exits; the firm has reported trade sales of portfolio companies including DeepSea Technologies (to Nabtesco), Greenbird Integration Technology (to GE Vernova), QOS Energy (to Envision Digital) and Telensa (to Signify Holding BV). Alongside capital, the firm says it provides operating experience, connections and support to management teams.
As a venture fund manager, the firm's economics derive from managing committed capital from institutional and corporate limited partners and family offices and realising equity investments through exits.
Traction
Over 30 portfolio companies across five market segments as of 2025; €285m raised for Fund 4 in May 2024 against a €250m target; Fund 4 investments including AIPERIA, Dexter Energy, Fairly Made, Hellas Direct, Net Purpose and Open Cosmos; and multiple reported exits, including DeepSea Technologies to Nabtesco, Greenbird Integration Technology to GE Vernova, QOS Energy to Envision Digital and Telensa to Signify Holding BV.
Latest developments
In May 2024 the firm completed fundraising for its fourth fund at €285m ($310m). Subsequent updates published by the firm include the release of its 2025 Impact Reports, Fairly Made's 2025 Mission Report, a partnership between GigaCloud and portfolio company Cubbit to deliver S3 cloud storage in Ukraine and Poland, Riverlane marking ten years of operation, and Shippeo being named a leader in G2's Summer 2026 Grid Report and a La French Tech 120 winner. The firm also publishes a "Sustainability Talks" podcast and an "ETF Digest".
▸Full profile — market position, go-to-market, geography, history
Market position
The firm and press coverage position it as Europe's original and longest-standing venture capital firm dedicated to sustainability and impact investing, with a track record spanning roughly two decades and multiple trade-sale exits. Its fourth fund of €285m was oversubscribed against a €250m target, which coverage attributed to growing institutional interest in climate solutions.
ETF Partners emphasises longevity and specialisation in sustainable investment predating the mainstreaming of climate tech, a focus on software and digital "intelligence layer" businesses rather than capital-intensive hardware, a requirement for commercial traction and revenue growth as a precondition of impact, and a mission-driven, founder-supportive culture. British Patient Capital cited the team's experience and sectoral expertise in supporting climate tech companies through scale-up.
Go-to-market
The firm sources and supports investments directly through its partner and investment team and maintains visibility via its website, LinkedIn, Medium and Twitter channels, a "Sustainability Talks" podcast, an ETF Digest newsletter and published impact reports. Its team includes managing partners Patrick Sheehan and Rob Genieser, senior partners Remy de Tonnac and Fabrice Bienfait, partners Lucy Rands, Tomer Strikovsky and Zoë VanderWolk, venture partners including Mikko Suonenlahti, Hitoshi Yoshida and Claudio Simao, plus investment, finance, operations and communications staff.
Founders and management teams of European technology companies delivering positive environmental impact, typically at early growth and growth stages with existing significant revenue at the time of initial investment. On the fundraising side, its limited partners are institutional investors, global corporations and family offices, including the European Investment Fund and British Patient Capital.
Geography
London-based, investing in companies across Europe. Its stated investment geography spans the UK, France, Germany, the Nordics, the Baltics, Central and Eastern Europe, Southern Europe and other European markets, with portfolio activity referenced in the Netherlands (Dexter Energy, Amsterdam), Greece (Hellas Direct), France (Fairly Made, Shippeo) and Italy (Cubbit).
History
The firm's own materials state it was founded in 2005, describing itself as having dared to lead at a time when climate tech and impact investing was in its nascent stages; press coverage of its 2024 fund close gives a founding date of 2006. Patrick Sheehan is co-founder and Managing Partner and Peter Horsburgh is listed as Founder & Venture Partner Emeritus. In May 2024 the firm announced the completion of fundraising for its fourth fund at €285m ($310m), above a €250m target, having by then reported around eighteen years of focus on sustainable investing. By 2025 it described a portfolio of more than 30 companies and published 2025 Impact Reports.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 7
launches, deals, and filingsThe firm announced the completion of fundraising for Fund 4 at €285 million (stated as USD $310 million), exceeding its €250 million target. Investors included the European Investment Fund and British Patient Capital. Fund 4 had already invested in AIPERIA, Dexter Energy, Fairly Made, Hellas Direct, Net Purpose and Open Cosmos.
$310M source ↗
ETF Partners reported the sale of portfolio company DeepSea Technologies to Japanese technology company Nabtesco among its recent exits.
ETF Partners reported the acquisition of portfolio company Greenbird Integration Technology by GE Vernova among its recent exits.
ETF Partners reported the acquisition of portfolio company QOS Energy by Envision Digital among its recent exits.
ETF Partners reported the sale of portfolio company Telensa to Signify Holding BV among its recent exits.
ETF Partners was among the key investors leading a €10.5 million funding round for Amsterdam-based Dexter Energy, supporting expansion of its AI-driven renewable power generation forecasting.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- ETF Partnersetfpartners.capital · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does ETF Partners do?
- European venture capital firm investing in sustainability-focused technology companies, also known as The Environmental Technologies Fund.
- Who are ETF Partners's investors?
- ETF Partners's investors include EnBW New Ventures GmbH, KfW Capital, Tesi (Finnish Industry Investment Ltd).