ENGIE New Ventures (ENV) was founded in 2014 as the corporate venture arm of the global energy provider ENGIE. This €180 million fund is dedicated to making minority investment in technology startups driving the energy transition. With offices in Paris San Francisco, ENV’s strategic fund-to-fund portfolio is one element of ENGIE’s multi-pronged strategies to reinvision existing business models and spark new opportunities in the rapidly changing energy sector. To date, ENV has deployed over EUR110M of capital across 23 investments worldwide, with an emphasis on Europe, North America, Israel and Asia.
Corporate Venture Capital for innovation
ENGIE New Ventures objective is to create a mutually beneficial relationships with startups and companies at development to expansion phase (Series B) with differentiating technology or an innovative business model in energy transition :
• Distributed energy
• Home comfort & energy efficiency
• Smart cities
• Green mobility
Additionally ENV scouts for startups which can support strategic digital activities : robots, drones, blockchain, relevant platforms businesses, Artificial Intelligence, virtual reality, cybersecurity, …
As ENGIE's corporate venture capital fund, ENGIE New Ventures seeks not simply to invest financially in startups, but to create real partnerships with a view to long-term collaboration in which the creativity and flexibility of the newcomer combine with the strength and resources of a large group.
ENGIE NEW VENTURE’s preference for investments
• Startups which are in the development phase ;
• Minority investments with a seat on the board ;
• Investment files need to be supported by a Business Unit ;
• The investment portfolio needs to be financially healthy ;
• Open exit strategy ;
• A lean and swift decision process.