What Eviny Ventures does

Eviny Ventures is the corporate venture capital arm of Eviny Group, one of Norway's largest energy companies. Founded in 2017 as BKK Grønn Invest, renamed to BKK Spring, and rebranded to Eviny Ventures under the Eviny Group umbrella, the fund is headquartered at Solheimsgaten 5, Bergen, and operates as the dedicated early- and growth-stage investment vehicle of the parent.

The fund invests in startups and growth companies that contribute to future renewable energy communities, deploying capital from seed through growth stages into climate-tech and energy-transition businesses. The disclosed portfolio of roughly 18-20 companies includes Tibber (digital electricity retail), Heimdall Power (grid digitization), Photoncycle (solid-state seasonal hydrogen storage), Zinus (shore power for ports and ships), Cartesian (thermal storage), Opt-E (HVAC optimization for commercial buildings), Utiligize (asset management for green energy systems), Morescope (climate-impact quantification), OSC (offshore and smart-city simulation), Nereida Energy (maritime battery management), Skyfora (atmospheric intelligence via telecom infrastructure), and Voltfang (commercial battery storage), among others. Cumulative capital invested exceeds 250-280 million NOK, with 850+ jobs created across the portfolio and three realized exits to date (Last Mile, Bergen Carbon Solutions, and a third per Norwegian-site data).

Eviny Ventures' business model is that of an active industrial investor rather than a financial-only fund. Rather than charging portfolio companies, it generates returns through equity stakes and active support, deploying alongside co-investors such as NordicNinja, Voima Ventures, Nysnø Climate Investments, Grieg, the European Innovation Council Fund, and others. GTM is sales-led, sourced through direct industry networks, referrals, and the credibility of the Eviny brand; portfolio companies receive capital, board participation, capital-raising assistance, strategic guidance, and access to Eviny's utility-scale relationships. The investment team of four (CEO Andreas Engelsen, Investment Director Jørgen Jebsen Marek, Investment Managers Lars Jacob Sjaastad and Linn Bakke) blends prior investment banking (Clarksons), consulting (Deloitte, PwC, EY), and operating experience at Eviny Group and Dr.Dropin.

Name

Eviny Ventures

Legal name

Eviny Ventures

Website

https://ventures.eviny.no

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Eviny Ventures is the corporate venture capital arm of Eviny Group, investing seed-to-growth stage capital in roughly 18-20 Nordic and European renewable energy startups while providing industrial expertise and network access from Eviny.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

akta.pro secondary industries

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF), SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Venture capital fund
• Renewable energy investing
• Early-stage growth capital
• Corporate venture arm
• Industrial investor

Headquarters

HQ city

Bergen

HQ country

Norway

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. Investment Returns: Eviny Ventures generates returns through equity investments in early-stage and growth-stage renewable energy companies. The firm exits investments through IPOs, acquisitions, or secondary sales, with 3 realized exits documented (Last Mile and Bergen Carbon Solutions).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Eviny Ventures is the corporate venture capital fund of Eviny Group, deploying seed to growth-stage equity capital into startups and growth companies that contribute to future renewable energy communities. In addition to capital, the fund provides active industrial partnership, board participation, capital-raising assistance, strategic guidance, and access to Eviny's industry network. The fund primarily co-invests with other venture capital firms and investors, with a portfolio of approximately 20 companies totaling over 280 million NOK invested.

Product overview

Eviny Ventures operates as a single unified investment fund — the corporate venture arm of Norwegian energy company Eviny. The fund does not offer a modular platform or separate product lines; its offering consists of investment capital and hands-on operational support (board participation, capital raising assistance, strategic guidance, and network facilitation) across the full startup-to-scale-up lifecycle. All portfolio companies benefit from the same core investment services and access to Eviny's industry expertise in renewable energy.

Differentiator

Problem solved

Functional benefit

Products and services

• Eviny Ventures Fund

Quantifiable outcome

• 850+ jobs created by portfolio companies
• +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

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Equinor Ventures: Norwegian state-major oil and energy company's CVC arm (Equinor Ventures / Equinor Energy Ventures), investing in early- and growth-stage clean energy and decarbonization startups with both strategic and financial objectives — directly comparable to Eviny Ventures in mandate, Nordic origin, and parent backing by an integrated energy company.
• Shell Ventures: One of the largest corporate energy venture arms globally, investing in energy innovation, renewables, mobility and decarbonization aligned with Shell's transition strategy. Directly comparable as a major oil-major CVC focused on early/growth energy startups with strategic and financial return objectives.
• bp ventures: British oil major's corporate venture arm investing across mobility, bioenergy, carbon, and digital energy. Comparable as a global energy CVC with mandate to source innovation supporting parent's decarbonization strategy, similar dual-mandate structure to Eviny Ventures.
• Iberdrola (PERSEO Ventures): Spanish utility Iberdrola's corporate venture arm (PERSEO), investing in startups aligned with renewable energy, grids, smart cities and electrification. Directly comparable as a European utility CVC focusing on clean tech and grid innovation, providing strategic value-add to portfolio companies.
• ENGIE New Ventures: French utility ENGIE's corporate venture arm investing in cleantech, renewable energy, and sustainable infrastructure startups. Comparable as a European utility CVC with strategic alignment to parent's decarbonization roadmap and active involvement with portfolio companies.
• EnBW New Ventures: German energy company EnBW's CVC, investing in startups in renewable energy, mobility, and digital infrastructure. Directly comparable as a European utility/energy corporate venture investor with mandate to back early-stage decarbonization and grid innovation.

Regional players

• Nysnø Climate Investments: Norwegian state-backed climate investment fund investing in unlisted climate companies, frequently co-investing with Eviny Ventures (e.g., Nereida Energy). Directly comparable as a Norwegian/Nordic climate-focused investor with overlapping deal flow and co-investment relationships.
• Statkraft: Norwegian state-owned renewable energy generator with venture and innovation investment activities focused on wind, solar and hydropower innovation. Comparable as a Nordic state-owned renewable utility investing in clean energy innovation, sharing geography and clean-energy mandate with Eviny Ventures.

Broad incumbents

• Breakthrough Energy Ventures: Venture fund backed by Bill Gates and a coalition of investors, deploying capital into early-stage companies working on climate solutions across energy, agriculture, transportation, and buildings. Comparable as a large-scale institutional investor in early-stage clean tech, but operating more broadly and at much greater scale than Eviny Ventures.

Emerging players

• World Fund: European climate-tech venture capital firm focused on early-stage investments in companies decarbonizing key sectors. Comparable as an emerging European-focused VC with overlapping clean energy investment thesis, though World Fund is a pure financial VC without corporate parent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments13 records

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

Frequently asked questions about Eviny Ventures