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Inven Capital is a venture capital firm established in 2014, based in Prague, Czech Republic. It serves as the corporate venture capital fund of ČEZ Group, a leading energy utility in Central and Eastern Europe. The firm was founded with a mission to invest in startups that focus on climate technology, emphasizing sustainability and the importance of contributing to a greener planet for future generations. Inven Capital operates with total assets under management (AUM) of approximately €500 million across two fund generations, with significant backing from the European Investment Bank (EIB).
The firm has evolved since its inception, launching its first fund in 2014 and subsequently establishing a second fund, Inven Capital II, which is active from 2022 to 2027. The EIB has committed €150 million to this second fund, while ČEZ Group has invested over €210 million. Inven Capital has made a name for itself by focusing on late-stage growth companies that demonstrate proven revenue and significant scale potential, particularly in the climate tech sector.
Inven Capital primarily invests in climate tech startups located in Europe and Israel, with a specific focus on late-stage growth companies. The firm typically provides funding ranging from €2 million to €30 million per investment. Their investment strategy emphasizes supporting innovative solutions that address environmental challenges, including smart energy, energy storage, mobility and electric vehicles (EV), building efficiency, industrial decarbonization, and software for energy management.
The firm seeks to partner with companies that have demonstrated revenue and the potential for significant growth. Inven Capital's investment themes include promoting clean energy solutions, facilitating digital transitions, and connecting global suppliers with local buyers. This focus on sustainability and environmental impact aligns with the broader mission of ČEZ Group and the EIB, enhancing the firm's ability to support innovative startups in achieving their growth objectives.
Inven Capital has a diverse portfolio of 16 companies, all of which are focused on climate technology and sustainability. Notable portfolio companies include:
Among these, Sonnen stands out as a notable exit, having been acquired by Shell, highlighting Inven Capital's ability to identify and support successful climate tech ventures.
To pitch Inven Capital, founders should visit their website at invencapital.cz. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and sustainability impact. Inven Capital prefers detailed information about the startup's revenue generation and growth potential.
Response times can vary, but founders should expect a thorough review process given the firm's focus on climate tech. Warm introductions are beneficial, as they can enhance the likelihood of receiving a timely response.
Inven Capital has been actively engaging with the climate tech community, emphasizing its commitment to sustainability. In 2024, the firm co-led a $14 million Series A investment in Ember, a Scottish company focused on sustainable heat pumps. This investment aligns with their focus on electrifying mobility solutions.
Additionally, Inven Capital participated in a $31 million Series B round for Vulog, a platform providing technology for shared mobility services. These investments reflect Inven Capital's strategy of supporting innovative startups that contribute to environmental sustainability.
What are Inven Capital's investment criteria?
Inven Capital focuses on late-stage growth companies in the climate tech sector, particularly those with proven revenue and significant scale potential. They typically invest between €2 million and €30 million.
How can I pitch to Inven Capital?
Founders can pitch to Inven Capital through their website at invencapital.cz. It is advisable to include detailed information about the startup's business model, market potential, and sustainability impact in the pitch deck.
What makes Inven Capital different from other VCs?
Inven Capital is uniquely positioned as the corporate venture capital fund of ČEZ Group, which provides them with deep industry expertise and connections in the energy sector. Their strong focus on climate technology and sustainability sets them apart from many traditional venture capital firms.
What is Inven Capital's geographic scope?
The firm primarily invests in startups located in Europe and Israel, focusing on companies that address climate-related challenges.
What kind of support does Inven Capital provide to portfolio companies?
Inven Capital adds value through strategic guidance, industry connections, and expertise in climate technology, helping portfolio companies achieve their growth objectives.
What is the total AUM of Inven Capital?
Inven Capital manages approximately €500 million across two fund generations, with significant backing from the European Investment Bank.
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