What Inven Capital does

Inven Capital, SICAV, a.s. is a Prague-based venture capital fund established in 2014 to invest in European climate technology startups. The firm is wholly owned by ČEZ Group, the major Czech utility, and operates as its dedicated corporate venture capital arm focused on the energy transition. Inven manages €500 million in committed capital from institutional investors and global corporates, structured across multiple sub-funds (A, B, C, D), and deploys tickets of 2-30m EUR into Series A through Series C rounds across Europe and Israel.

The fund's portfolio spans climate-relevant sectors including renewable energy and grid (Sunfire, Hydrogrid), sustainable buildings and heating (tado°, Hometree, Woltair, Zolar, Cloud & Heat), electrified mobility (Ember, Vulog, Forto), circular economy (Vytal), water management (WINT), agriculture (Taranis), and industrial supply chains (Andercore, Eliq). The firm selects founders with what it calls a 'Soul of a Winner' profile, prioritizing impact-driven vision over near-term profit. Realized exits include Sonnen (acquired by Shell), Driivz (Vontier), CyberX-Labs (Microsoft), Cosmotech (Insight Partners), and Neuron.

Revenue is generated through conventional VC economics: management fees on committed/invested capital plus carried interest on successful exits. The firm reports ESG credentials including carbon-neutral operations since 2018, an annual tree-planting program, GDPR compliance, and SFDR Article disclosures across all sub-funds. The team comprises roughly 15-17 investment, risk, legal, finance, and operations professionals, supported by venture partner and advisor relationships.

Name

Inven Capital

Legal name

Inven Capital, SICAV, a.s.

Website

https://invencapital.cz

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Inven Capital is a Prague-based corporate venture capital fund, backed by ČEZ Group, that invests €500 million across Europe and Israel into Series A-C climate tech startups with tickets of 2-30m EUR, targeting energy, mobility, buildings, water, and circular economy solutions.

Ownership category

akta.pro rank

Product category

Climate Tech Venture Capital

NAICS

Other Financial Vehicles (52599), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990), All Other Financial Investment Activities (52399)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

akta.pro secondary industries

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), SDG / Thematic Sustainable Investment Funds (FSANAJAN), Venture Capital Fund-of-Funds (FSANAGAC)

Keywords

• Venture capital fund
• Climate tech investing
• Growth equity investment
• Cleantech venture capital
• Startup funding

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fund Management: Inven Capital manages venture capital funds (Sub-Fund A, B, C, D) investing in climate tech startups. Revenue generated through management fees and carry from successful exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Inven Capital is a Czech venture capital fund that deploys EUR 500 million of committed capital from institutional investors and global corporates into European and Israeli climate tech startups. The fund operates multiple sub-funds (A, B, C, D) under a SICAV structure, providing Series A to Series C equity tickets of EUR 2-30 million alongside strategic support for founders addressing decarbonization, energy transition, and sustainable infrastructure.

Product overview

Inven Capital is a Czech venture capital fund that invests EUR 500 million from institutional investors and global corporates into innovative climate tech startups in Europe and Israel. As a VC firm, the company's core offering is investment capital and strategic support for portfolio companies rather than a traditional product or software platform. The fund operates multiple sub-funds (A, B, C, D) and focuses on startups in climate technology sectors with ticket sizes ranging from EUR 2-30 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Inven Capital Sub-Fund A
• Inven Capital Sub-Fund B
• Inven Capital Sub-Fund C
• Inven Capital Sub-Fund D

Quantifiable outcome

• 220 trees planted, carbon neutral since 2018, nearly 200 tons CO2 offset

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• InnoEnergyminorOthersInnoEnergy is part of the Constellation for Success network supporting Inven Capital's ecosystem.
• World Trade Center AssociationminorOthersWTCA is part of the Constellation for Success network supporting Inven Capital's ecosystem.
• Cleantech for EuropeminorOthersCleantech for Europe is part of the Constellation for Success network supporting Inven Capital's ecosystem.
• Invest EuropeminorOthersInvest Europe is part of the Constellation for Success network supporting Inven Capital's ecosystem.
• CVCAminorOthersCVCA (Czech Private Equity Association) is part of the Constellation for Success network supporting Inven Capital's ecosystem.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Energy Impact Partners: Global climate tech VC that mobilizes utility and corporate strategic LPs to invest across the energy transition. Closest analog to Inven as a utility-anchored climate fund with co-investment from corporates and a multi-fund platform.
• Lowercarbon Capital: US-based climate tech VC backing companies that reduce CO2 across energy, industry, buildings and land use. Comparable Series A-C climate mandate with similar ticket sizes, but US-anchored LP base.
• Clean Energy Ventures: Early-stage venture fund focused exclusively on decarbonization technologies. Comparable climate-only mandate at Series A stage and similar thesis on visionary founder selection.
• Prelude Ventures: San Francisco-based early-stage climate tech fund with a science-driven, sector-spanning mandate (energy, mobility, food, industry). Direct peer in approach and stage focus.
• Statkraft Ventures: Corporate venture arm of Europe's largest renewable energy generator, investing in digital and clean energy startups. Closest European parallel to Inven's utility-CVC structure with renewable energy parent.

Broad incumbents

• Breakthrough Energy Ventures: Bill Gates-backed multi-billion-dollar climate fund investing globally in next-generation energy, transportation, agriculture and climate solutions. Direct thematic peer with much larger scale and broader geographic mandate.
• Shell Ventures: Corporate venture arm of Shell investing across future energy and mobility. Relevant as a major energy-major CVC competing in European climate deals and an acquirer of Inven portfolio company Sonnen.
• Siemens Energy Ventures: Corporate VC of a global energy technology major investing in decarbonization, electrification and digital grid startups. Comparable corporate-anchored climate investor with industrial synergy.

Regional players

• Atomico: Leading European deep-tech and generalist VC founded by Skype's Niklas Zennström. Documented co-investor alongside Inven (Andercore Series B) and shares the European Series A-C stage focus, though with a much broader sector mandate.
• Project A: Berlin-based early-stage venture capital firm investing across digital and industrial verticals. Documented co-investor with Inven (Andercore Series B) operating in the same European Series A-C stage with some climate overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/inven_capital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments38 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inven Capital