What stage does EnBW New Ventures GmbH invest at?

EnBW New Ventures GmbH invests at the Series A, Series B, Series C, Growth stages.

What is EnBW New Ventures GmbH's typical check size?

EnBW New Ventures GmbH typically writes checks of $1.1M – $10.8M.

Where is EnBW New Ventures GmbH located?

EnBW New Ventures GmbH is headquartered in Karlsruhe, DE.

Does EnBW New Ventures GmbH lead rounds?

Yes, EnBW New Ventures GmbH leads investment rounds.

EnBW New Ventures GmbH

Corporate VC

Karlsruhe · Series A–Growth · 17 people tracked

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Investment thesis

ENV invests in European startups that digitally enable and accelerate the energy and mobility transition, backing software and market-infrastructure solutions that support three major asset roll-outs: renewables, batteries, and the electrification of transport. It also targets enterprise software helping large corporates such as EnBW become more digital and efficient (data/AI, cybersecurity, cloud, AR, quantum), and flexibility solutions covering behind-the-meter optimization and flexibility monetization. Operating as a single-LP evergreen fund with a €100 million setup, ENV acts as lead or co-investor, takes board seats, and can reinvest profits and follow on into later rounds.

Invests inAdvanced Manufacturing AI & Machine Learning Cleantech Climate Tech Cloud Computing Cybersecurity Data & Infrastructure Energy Enterprise Software Mobility & Transportation New Materials Quantum Computing SaaSEuropeGermany

Source: firm website, verified Aug 3, 2026.

Stage

Series A–Growth

Check

$1.1M – $10.8M

Karlsruhe, DE

Leads rounds

Leads

Instruments

Equity

Founded

2016

AUM

$108M

Tracked investments

Team · 17 people

from the firm's website & public directories

Crispin Leick· Managing Director· Karlsruhe, Baden-Württemberg, Germanyin

Crispin Leick is Managing Director at EnBW New Ventures GmbH, where he leads a corporate venture capital fund investing in early-stage companies in the digital and sustainable energy sectors. He brings over 15 years of venture capital and energy industry experience, including previous roles at WINGAS, RWE Innogy, and REpower Systems, as well as founding Innogy Venture Capital, which completed 40 transactions across 12 portfolio companies. At EnBW New Ventures, his team has executed more than 65 transactions into 20 startups and 3 VC funds, with 5 realized exits.

c•••@env.vcreveal

Markus Scharrer· Engagement Principal· Ansbach, Bavaria, Germanyin

Pascal Beckers-Jaleta· Investment Principal

Anke Gratz· Investment Manager· Berlin, Berlin, Germanyin

Investment Manager at EnBW New Ventures.

a•••@env.vcreveal

Erik Vobis· Finance Principal· Germanyin

Erik Vobis is an Operations & Finance Principal at EnBW New Ventures, where he supports funds, entrepreneurs, and startups with financial structuring. His focus areas include equity and debt finance, internal and external reporting, and operational design. He works with financial departments to develop scalable and transparent structures supporting sustainable growth.

Inga Müller· Impact & Governance Director· Karlsruhe, Baden-Württemberg, Germanyin

Inga Müller is Head of Operations at EnBW New Ventures, a €100M corporate venture fund investing in European startups focused on electrification, decentralization, and digitalization. She brings two decades of experience in venture capital and sustainable finance, including work structuring international energy infrastructure financings, building the finance function at a concentrated solar power startup, and backing 24 startups that achieved 7 profitable exits. Her background also includes a Master's in Environmental Technologies from Imperial College London and training in psychology, team development, and coaching.

Jeanette Giesel· Communications & Community Analyst· Karlsruhe, Baden-Württemberg, Germanyin

Karen Wirth· Head of Communications & Community· Karlsruhe, Baden-Württemberg, Germanyin

Karen Wirth is Manager of Communications and Community at EnBW New Ventures, where she oversees content marketing, PR, and partnership initiatives with the firm's portfolio companies. She holds a Master's degree with focus areas in social media, copywriting, employer branding, and public relations. Her background includes establishing communications functions at EnBW New Ventures while developing expertise in sustainable business models and startup ecosystems.

Mara Schwind· Communications & Community Manager· Germanyin

m•••@env.vcreveal

Marc Umber· Head of Investments· Frankfurt am Main, Hesse, Germanyin

Contact person for several ENV portfolio companies including HOLO-LIGHT, Easelink and enspired.

m•••@env.vcreveal

Marcel Breithaupt· Finance Associate· Frankfurt, Hesse, Germanyin

Melanie Beyersdorf· Berlin Metropolitan Areain

Melanie Beyersdorf is an Investment Manager at EnBW New Ventures, where she works on venture capital investments in energy, mobility, and sustainable transformation, focusing on Series A and later-stage companies that digitize and decarbonize infrastructure. Her earlier experience includes a role at Allianz Climate Solutions, where she worked on making energy infrastructure projects bankable, as well as work with SENTUS and a background in banking and sales.

m•••@env.vcreveal

Melanie Bild· Investment Manager· Berlin Metropolitan Areain

Melanie Bild is an Investment Manager at EnBW New Ventures, where she leads venture capital investments in energy, mobility, and sustainable transformation, with a focus on Series A and later-stage funding. She previously worked at Allianz Climate Solutions, where she gained experience connecting energy infrastructure projects with capital sources, and at SENTUS, developing sustainable solutions for capital markets. Her background includes venture capital, energy transition, carbon management, and traditional banking experience.

Pascal Beckers

Contact person for the ENV portfolio company Sunhat.

p•••@env.vcreveal

Robin Budig· Investment Analyst· Karlsruhe, Baden-Württemberg, Germanyin

Robin Budig works as an Investment Analyst at EnBW New Ventures, focusing on the energy sector. Based on his headline, he is involved with venture capital activities and learning about energy through ENV and KIT.

Holger Wagner· Investment Director· Karlsruhe, Baden-Württemberg, Germanyin

Contact person for the ENV portfolio company Intigriti.

h•••@env.vcreveal

Theodor Schulte· Investment Principal· Düsseldorf, North Rhine-Westphalia, Germanyin

Theodor Schulte is a Principal at EnBW New Ventures, where he evaluates early-stage investment opportunities for the firm. ENV focuses on financially motivated investments in entrepreneurial teams.

t•••@env.vcreveal

What they invest in

from 11 of 35 portfolio companies

Energy ×5SaaS ×5Cleantech ×4Enterprise Software ×4Climate Tech ×2Cloud Computing ×2Cybersecurity ×2Deep Tech ×2

HQs:Germany×4Belgium×1Denmark×1United States×1

Investments · 35 tracked

founders shown can be your intro path

Gevernovagevernova.comin 𝕏NYSE: GEV

GE Vernova is an energy technology company with a portfolio of power generation, transmission, and decarbonization technologies aimed at electrifying the world while reducing the carbon intensity of power systems.

CleantechClimate TechEnergy

3YOURMIND3yourmind.comin

Auxxo Female Catalyst

Fund co-investing in female-founded pre-seed and seed stage startups in Europe.

Auxxo Female Catalyst Fund

Fund co-investing in female-founded pre-seed and seed stage startups in Europe.

babelforce

Automates call center processes through integration of existing systems.

Cleverciticleverciti.comin 𝕏

Cleverciti builds integrated sensor systems and an end-to-end platform for outdoor and on-street parking detection, monitoring, and driver guidance.

IoTMobility & TransportationPropTechMunich, DE

Thomas HohenackerKonrad Prinz-Dreher

Cozero

CO2 management ERP for carbon accounting and CSRD emissions reporting.

CYCLE

Full-service e-bike fleet rental and management subscription for large-scale customers.

Deepomatic

AI platform automating quality control and reporting of field services through video footage analysis.

DZ4

Solar-as-a-service leasing model including solar power systems and battery storage.

Easelink

Developer of Matrix Charging, an automated conductive charging standard for electric vehicles.

Elephant

AI-powered frontline excellence platform combining mobile training, an AI assistant and communication for operational companies.

Enbwenbw.comin

EnBW is an energy provider offering electricity, gas, heating, and EV charging tariffs to consumers, along with green electricity, e-mobility, solar, and storage products.

CleantechClimate TechEnergy

enspiredenspired-trading.comin

ETF Partners

VC fund (founded 2006) supporting entrepreneurs with investment capital and experience.

Exit Open Stackcisco.comin 𝕏

Cisco provides networking devices and infrastructure software for data centers, workplaces, and security operations.

Cloud ComputingCybersecurityEnterprise SoftwareSan Jose, US

Flexechargeflexecharge.comin

FlexeCharge develops software for EV charging energy and load management, helping Charge Point Operators and solution providers address grid constraints, reduce energy costs, and create new revenue streams.

CleantechEnergyMobility & TransportationSaaS

Robert Brehm

Greenbird

Platform enabling companies to capture, consolidate and process data from diverse IT systems.

gridscale

Software platform providing flexible, secure cloud services enabling companies to market their own cloud services.

Handelsblatthandelsblatt.comin 𝕏

Hololighthololight.comin

Hololight builds enterprise XR pixel-streaming technology that renders AR and VR applications on external workstations or servers and sends only pixels to headsets, keeping data off the device.

Deep TechEnterprise SoftwareSaaS

Intigritiintigriti.comin 𝕏

Intigriti operates a bug bounty platform that connects security researchers with organizations to identify and remediate vulnerabilities.

CybersecuritySaaSBelgium, BE

Stijn Jans(Founder)

Lumenazalumenaza.dein

Lumenaza provides a SaaS platform for energy utilities, suppliers, and new market entrants to manage direct marketing, billing, customer relationships, and grid operations in the German energy market.

EnergyEnterprise SoftwareSaaSBerlin, DE

Dr. Christian Chudoba(CEO)

Ovhcloudovhcloud.comin 𝕏

OVHcloud is a global cloud provider offering bare metal dedicated servers, hosted private cloud, hybrid, and public cloud solutions, along with VPS and game server hosting.

Cloud ComputingData & InfrastructureEnterprise Software

replex

Analyzes and optimizes utilization of data centers and multi-cloud environments.

Spoor

Norwegian AI and computer vision company monitoring biodiversity for wind farms.

Subrasubra.dkin

Subra develops scalable superconductor solutions aimed at improving energy transmission and infrastructure.

CleantechDeep TechEnergy

Sunhat

Platform for mapping sustainability requirements and managing associated projects and tasks.

THEVA

Manufacturer of high temperature superconductors of the highest quality for various applications.

Validaitor

All-in-one platform for governing and testing AI systems for compliance with AI regulations.

vialyticsvialytics.dein 𝕏

vialytics offers an AI platform and web system that lets municipalities capture road condition and road inventory data by driving, with a camera taking geotagged images every few meters that an algorithm classifies into damage categories.

AI & Machine LearningGovTechSaaSWürzburg, DE

Vireo Electrification

EuVECA venture fund managed by Vireo Ventures investing in early-stage electrification/energy transition companies.

Vireo Ventures

European early-stage VC firm; its Vireo Electrification Fund I invests in seed-stage companies driving the energy transition through electrification.

Vivacity

Sensors and analytics collecting anonymous traffic data to optimize urban transport networks.

Volytica

Cloud-based battery analytics platform to analyze battery condition and simulate performance without extra hardware.

Exits · 1

IPOs and acquisitions across the tracked portfolio

GevernovaNYSE: GEV

Portfolio news

latest coverage across their companies

Intigriti secures more than €21M in Series B funding

Intigriti · intigriti.com · Mar 6, 2025

Frequently asked questions

What stage does EnBW New Ventures GmbH invest at?: EnBW New Ventures GmbH invests at the Series A, Series B, Series C, Growth stages.
What is EnBW New Ventures GmbH's typical check size?: EnBW New Ventures GmbH typically writes checks of $1.1M – $10.8M.
What sectors does EnBW New Ventures GmbH focus on?: EnBW New Ventures GmbH focuses on Advanced Manufacturing, AI & Machine Learning, Cleantech, Climate Tech, Cloud Computing, Cybersecurity, Data & Infrastructure, Energy, Enterprise Software, Mobility & Transportation, New Materials, Quantum Computing, SaaS.
Where is EnBW New Ventures GmbH located?: EnBW New Ventures GmbH is headquartered in Karlsruhe, DE.
Does EnBW New Ventures GmbH lead rounds?: Yes, EnBW New Ventures GmbH leads investment rounds.

Images

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