ENERGIIQ

What ENERGIIQ does

ENERGIIQ Energie-innovatiefonds Zuid-Holland is a regional energy innovation investment fund established on 1 September 2017 by the Province of South-Holland (Provincie Zuid-Holland) with a committed fund size of €35 million. It is managed by InnovationQuarter, the regional development agency for South-Holland, which provides professional deal sourcing, an independent investment committee, and access to its co-investor and knowledge-partner network. The fund targets SMEs (MKB) that are commercializing proven energy innovations with demonstrable CO2 reduction or with a head office, R&D facility, or production site in South-Holland, and invests in sub-sectors spanning renewable generation, energy storage, energy efficiency, industrial decarbonization, maritime emissions, geothermal, heat networks, and AI-enabled optimization.

ENERGIIQ deploys risk capital through tailored equity and loan instruments, with individual ticket sizes ranging from €200,000 to €4,300,000 and a structural rule that ENERGIIQ contributes a maximum of 50% of any round, with the remaining 50% required from reputable private co-investors. This co-investment model has produced an estimated 1.8x capital multiplier, meaning each euro from ENERGIIQ has catalyzed approximately €1.8 in additional private investment. Since launch it has received roughly 300 investment propositions annually (with typical ask sizes of €1M–€5.5M) and built a disclosed portfolio of around 11 companies including Innecs Power Systems, Exasun, SET Fund III, We4Sea, Involtum, Gradyent, Kitepower, Plotwise, Whiffle, HeatTransformers, and Canopus Drilling Solutions. The fund has already realized two exits (Involutum to Ease2Pay in 2021, Plotwise to Coolblue in 2022) and continues to make new and follow-on investments as recently as April 2024.

Commercially, ENERGIIQ does not generate sales revenue: it is a capital-deployment vehicle, with returns accruing to the Province of South-Holland through exits, dividends, and share-value appreciation rather than through fees or product sales. Its core "products" are its financing instruments (equity and loans) and the value-added services of network access, co-investor syndication, and hands-on venture assistance delivered by an 8-person investment team embedded within InnovationQuarter Capital. Strategically, the fund functions as a regional economic-policy instrument — accelerating the energy transition and CO2 reduction in South-Holland — while simultaneously seeking commercial returns, a hybrid mandate that shapes both its investment criteria and its partnership profile with banks (ING, ABN Amro), industrial investors (Finindus, Wienerberger), and specialist climate VCs (Energy Impact Partners, SHIFT Invest, Underground Ventures, SET Ventures).

Name

ENERGIIQ

Legal name

ENERGIIQ Energie-innovatiefonds Zuid-Holland

Website

https://energiiq.nl

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

ENERGIIQ is a €35M regional energy innovation fund, capitalized by the Province of South-Holland and managed by InnovationQuarter, that invests equity and debt (€200K–€4.3M) in South-Holland SMEs commercializing proven CO2-reducing energy technologies alongside private co-investors.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Renewable Energy & Energy Transition Funds (FSANAJAB)

Keywords

• Venture capital investing
• Energy innovation funding
• Cleantech venture capital
• Regional development fund
• Climate tech investment

Headquarters

HQ city

Den Haag

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels3 records

Core offering

ENERGIIQ is a regional energy innovation investment fund (Energie-innovatiefonds Zuid-Holland) that provides risk capital between €200,000 and €4,300,000 to SMEs commercializing proven energy innovations. The fund deploys equity and debt instruments and is capitalized by the Province of South Holland with €35 million, managed by InnovationQuarter. It requires 50% co-investment from private investors and targets energy transition companies that produce CO2 reduction impact in South Holland or maintain headquarters, R&D, or production facilities in the region.

Product overview

ENERGIIQ is a unified energy innovation investment fund (Energie-innovatiefonds Zuid-Holland) managed by InnovationQuarter. The fund provides a comprehensive range of financing instruments including equity and loan financing, with investments ranging from €200,000 to €4,300,000. The fund focuses on enterprises commercializing proven energy innovations that result in CO2 reduction or have a head office, R&D, or production facility in South Holland Province, Netherlands.

Differentiator

Problem solved

Functional benefit

Products and services

• ENERGIIQ Energy Innovation Fund Regional energy innovation investment fund providing risk capital between €200,000 and €4,300,000 for commercialization of proven energy innovations that result in CO2 reduction or have operations in South Holland.
• Equity Financing Equity investment instrument provided by ENERGIIQ as part of its tailored financing instruments for energy innovation commercialization by SMEs.
• Loan Financing Debt financing instrument provided by ENERGIIQ as part of its tailored financing solutions for SMB enterprises commercializing energy innovations.

Quantifiable outcome

• Up to €4.3M per investment, with 1.8x capital multiplier from co-investors
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• WienerbergercoreChannel Partner/ Reseller/ Distributor · 1 November 2021Wienerberger (world's largest ceramic building materials producer) entered an exclusive distribution and sales agreement for Exasun's X-Tile and X-Roof BIPV systems across nearly all of Europe starting January 1, 2022. This is a strategic partnership for Exasun, enabling rapid European scaling.
• International Geothermal Association (IGA)minorStrategic or Co-development Partner · 1 January 2021The International Geothermal Association relocated to The Hague in 2021 and represents the global geothermal industry at UN, World Bank, IRENA, and IEA. The Hague is becoming a global geothermal center, with IGA anchoring this ecosystem that benefits ENERGIIQ portfolio companies like Canopus.
• TU Delft / YES!DelftminorStrategic or Co-development PartnerSeveral ENERGIIQ portfolio companies (Whiffle, We4Sea, Kitepower) are spin-offs from TU Delft and/or incubated through YES!Delft. ENERGIIQ invests in companies emerging from this regional knowledge ecosystem.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Energy Impact Partners (EIP): EIP is a global investment firm backing the energy transition with utility LPs. It led the €15M HeatTransformers Series A alongside ENERGIIQ, making it a comparable but much larger-scale energy transition investor.

Direct peers

• Mainport Innovation Fund II: Mainport Innovation Fund II is a Dutch venture fund investing in aviation and maritime innovation. It co-invested with ENERGIIQ in We4Sea (maritime digital twin), making it a comparable regional innovation investor with overlapping portfolio.
• UNIIQ: UNIIQ is a Dutch seed-fund also managed by InnovationQuarter, providing early-stage capital to South Holland startups. It operates within the same fund family as ENERGIIQ with overlapping GP infrastructure and a similar regional mandate.
• SHIFT Invest: SHIFT Invest is a Dutch impact VC fund focused on clean-tech and sustainable food. It is a recurring co-investor with ENERGIIQ in companies like Whiffle and Canopus Drilling Solutions, addressing the same commercialization-stage energy transition market in the Netherlands.
• BOM Brabant Ventures: BOM Brabant Ventures is the regional development agency fund for North Brabant province. It is structurally identical to ENERGIIQ — government-backed, regionally focused, and actively co-investing in energy-transition SMEs including Innecs Power Systems and SET Fund III.
• IQCapital: IQCapital is the broader innovation capital vehicle of InnovationQuarter (parent of ENERGIIQ), investing in South Holland SMEs. It is a sister fund using the same investment team and provincial backing, directly comparable in mandate and structure.

Emerging players

• SET Ventures: SET Ventures is a European venture capital firm exclusively focused on the energy transition. ENERGIIQ invested in SET Fund III as a fund-of-funds, demonstrating direct strategic alignment in European clean-energy commercialization.
• Demeter: Demeter is a European fund manager specializing in the energy and ecological transition with €2B+ AUM. It is comparable as a dedicated European energy transition investor covering venture, growth, and infrastructure.
• Underground Ventures: Underground Ventures is Europe's only dedicated geothermal VC fund (anchored by Joachim Ante). It led the €3M Canopus round with ENERGIIQ participation, making it a directly comparable niche energy-transition specialist.

Regional players

• Finindus: Finindus is the investment fund of ArcelorMittal and others, focused on sustainable industrial technologies. It co-invested with ENERGIIQ in Innecs Power Systems, sharing an industrial energy-transition thesis but with a broader European remit.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments16 records

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

Frequently asked questions about ENERGIIQ