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Tejo Ventures is a Lisbon-based venture capital firm founded to facilitate investments in sustainable energy projects and assist clients with the Portuguese Golden Visa program. The firm focuses on the clean energy transition, providing a unique opportunity for investors to gain residency in Portugal through impactful investments. Tejo Ventures operates primarily in Europe, emphasizing energy and renewable energy sectors.
The firm manages multiple funds, including the Solar Future Fund, which has €11.05 million in live capital deployment, and the Technology & Infrastructure Portfolio, with €10.3 million in assets under management. Tejo Ventures has a portfolio of seven companies and is actively involved in financing commercial and industrial solar and battery storage projects in Portugal and Spain.
Tejo Ventures has established itself as a hybrid investment firm, combining structured asset-backed renewable energy project financing with a venture overlay. This unique approach allows the firm to target a net internal rate of return (IRR) of 8% and provide annual dividends of 4% after 24 months. The organization also emphasizes the importance of navigating the regulatory landscape and connecting portfolio companies with potential partners in the energy sector.
Tejo Ventures invests primarily in the energy transition, with a strong emphasis on structured project financing for commercial and industrial solar and battery storage projects. The firm targets a net internal rate of return (IRR) of 8%, with annual dividends of 4% commencing after 24 months. Their investment strategy includes blended financing for solar developers, combining collateralized debt and equity across a diverse portfolio of assets and geographies.
The firm allocates at least 60% of its investments to projects in Portugal, while allowing up to 40% in any asset class globally, including venture deals in the US, UK, and Europe. Tejo Ventures focuses on growth and operational stage projects, particularly in renewable energy, battery storage, and cleantech sectors. The organization also integrates the Portuguese Golden Visa program into its investment strategy, providing pathways to residency for investors and their families.
Tejo Ventures manages a diverse portfolio of companies, focusing on sustainable energy and technology. Notable portfolio companies include:
The firm’s flagship fund, the Solar Future Fund, is fully invested and focuses on greenfield solar PV and battery energy storage systems in Portugal and Spain. The Technology & Infrastructure Portfolio also plays a significant role in the firm’s investment strategy, emphasizing diversified venture capital and project financing.
Julian Johnson: General Partner at Tejo Ventures, Julian has extensive experience in energy development and fund management. He has led multiple successful investments in the renewable energy sector.
Yann Rey: General Partner, Yann specializes in structured financing and has a strong background in project management within the energy industry.
Manuel Azevedo: Strategy Advisor, Manuel brings a wealth of knowledge in investment strategies and regulatory compliance, particularly in the European market.
Ryan Hamilton: Board Advisor, Ryan has a background in venture capital and provides insights into market trends and investment opportunities.
Chessel Magat: Program Onboarding Manager, Chessel is responsible for managing the onboarding process for new portfolio companies and ensuring they receive the necessary support.
To pitch to Tejo Ventures, founders should use the contact form available on their website at tejoventures.com/contact. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, financial projections, and how the project aligns with the firm's focus on sustainable energy. Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred but not mandatory.
In recent months, Tejo Ventures has actively managed its funds, focusing on deploying capital into sustainable energy projects. The firm has highlighted its commitment to greenfield solar PV and battery energy storage systems, particularly in regions like Aveiro, Portugal, and Galicia, Spain. The organization continues to seek innovative projects that align with its investment thesis.
Tejo Ventures has also been involved in discussions regarding the integration of the Portuguese Golden Visa program into its investment strategy, emphasizing the benefits of residency for investors and their families. This initiative has attracted attention from potential investors looking to enter the European market.
What are Tejo Ventures' investment criteria?
Tejo Ventures primarily invests in the energy transition, focusing on structured project financing for commercial and industrial solar and battery storage projects. The firm targets a net internal rate of return (IRR) of 8% and aims to provide annual dividends of 4% after 24 months.
How can I apply or pitch to Tejo Ventures?
Founders can apply or pitch to Tejo Ventures through their contact page at tejoventures.com/contact. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Tejo Ventures different from other investors?
Tejo Ventures combines structured asset-backed renewable energy project financing with a venture overlay, providing unique investment opportunities while facilitating pathways to European residency through the Portuguese Golden Visa program.
What is the geographic scope of Tejo Ventures' investments?
The firm primarily invests in Portugal, with at least 60% of its capital allocated to projects within the country. It also invests in Spain and allows for up to 40% in global asset classes, including venture deals in the US and UK.
What is Tejo Ventures' post-investment involvement?
Tejo Ventures adds value to its portfolio companies by providing strategic guidance, facilitating access to capital, and helping navigate the regulatory landscape. The firm connects companies with potential partners in the energy sector to enhance their growth prospects.
What is the minimum investment required for the Golden Visa?
The minimum investment required to qualify for the Portuguese Golden Visa through Tejo Ventures is €500,000. This investment provides residency for the investor and their immediate family.
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