innogy New Ventures LLC
innogy New Ventures LLC operates innogy Ventures, the corporate venture capital arm of innogy SE, investing 1M€-5M€ in early-stage digital energy, IoT, and smart city startups across Europe, Israel, and North America.
- Company typePrivate
- Founded2015
- HeadquartersPalo Alto, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What innogy New Ventures LLC does
innogy New Ventures LLC operates the innogy Ventures business, the corporate venture capital arm of innogy SE, one of Europe's largest utility companies. The firm invests equity capital into early-stage digital innovators across three focus areas: New Energy (digital business models transforming the traditional energy world), Internet of Things (IoT- and smart-device-enabled business models), and Smart City & Mobility (solutions improving urban quality of life). The firm targets first or second institutional financing rounds for startups that have already achieved product/market fit, with initial check sizes of 1M€ to 5M€ and follow-on participation across rounds.
Investments are sourced and managed through offices in Essen (headquarters), Berlin, and Palo Alto, covering Europe, Israel, and North America. The disclosed portfolio of 12+ companies spans digital twin technology (Akselos), utility customer engagement (Bidgely), blockchain-distributed databases (BigchainDB), B2B real-estate contracting (Doozer), AI-driven powerline inspection (eSmart), energy management platforms (gridX), connected-car platforms (Mojio), building solutions (Qmerit), IoT authentication (ScanTrust), AR/AI visual support (TechSee), mobility data (Teralytics), and PACE/solar SaaS (T-REX).
The business model is corporate venture capital: innogy Ventures generates returns through profitable exits (acquisitions or IPOs) of portfolio companies rather than fees or product sales. Portfolio companies gain access to innogy group's distribution network, operational units, and customer relationships as a value-add beyond capital. The firm operates with a small team of 9 investment professionals and is fully funded by parent innogy SE rather than external limited partners, distinguishing it from independent financial VCs.
innogy New Ventures LLC firmographics
Firmographics- Name
- innogy New Ventures LLC
- Legal name
- innogy Ventures GmbH
- Website
- https://innogy.ventures
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- innogy New Ventures LLC operates innogy Ventures, the corporate venture capital arm of innogy SE, investing 1M€-5M€ in early-stage digital energy, IoT, and smart city startups across Europe, Israel, and North America.
- Ownership category
- akta.pro rank
innogy New Ventures LLC industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
- akta.pro secondary industries
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD), Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)
Keywords
Where innogy New Ventures LLC is headquartered
LocationHeadquarters
- HQ city
- Palo Alto
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
innogy New Ventures LLC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Venture Capital Returns: As a corporate VC, innogy Ventures generates returns through profitable exits from portfolio companies. They invest equity capital in early-stage startups and realize returns upon exit events such as acquisitions or IPOs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
innogy New Ventures LLC product offering
Product offeringCore offering
innogy New Ventures LLC operates as the corporate venture capital arm of innogy SE, one of Europe's largest utility companies. The firm invests equity capital in early-stage digital innovators across three focus areas—New Energy, Internet of Things, and Smart City & Mobility—typically deploying 1M€–5M€ in first or second institutional financing rounds and participating in follow-on rounds. Beyond capital, portfolio companies gain access to innogy group's resources, customers, and business development assistance.
Product overview
innogy Ventures GmbH is a venture capital firm and the VC arm of innogy SE, one of Europe's largest utility companies. Rather than offering technology products, the firm provides venture capital investment services focused on digital innovators in sustainability and energy transformation. The firm targets startups in three focus areas: New Energy (digital business models revolutionizing the traditional energy world), Internet of Things (business models changing how people live and work via IoT and smart devices), and Smart City & Mobility (solutions improving quality of life in cities). Their investment ranges from 1M€ to 5M€ in initial financing rounds, focusing on first or second institutional funding with preference for startups that have achieved product/market fit and are ready to scale. The portfolio companies they have invested in include Akselos (digital twin technology), Bidgely (HomeBeat utility customer engagement platform), BigchainDB (blockchain-distributed database), Doozer (B2B contracting platform for real estate modernization), eSmart (AI-driven powerline inspection software), gridX (energy management platform), Mojio (connected car platform), Qmerit (merit-based building solutions), ScanTrust (IoT production authentication platform), TechSee (visual support with AR and AI), Teralytics (inclusive mobility data), and T-REX (SaaS for PACE and solar markets valuation).
Differentiator
Problem solved
Functional benefit
Products and services
- Equity Investment Services for Digital Innovators
Companies that use innogy New Ventures LLC
Customer profileSegments3 records
Ideal customer profiles1 record
innogy New Ventures LLC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
innogy New Ventures LLC partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights4 records
innogy New Ventures LLC competitors and assessment
Company assessmentDirect peers
- TotalEnergies Ventures: Corporate venture arm of TotalEnergies investing across new energies, mobility, and digital. Closely comparable in structure and thematics, with check sizes often larger than innogy's €1-5M.
- Enel Innovation Hub: Corporate venture and innovation arm of Enel, investing in startups in renewables, grids, e-mobility, and digital energy. Direct peer in the same CVC structure targeting energy transition and digital platforms.
- bp ventures: Corporate venture arm of BP investing in mobility, energy, and digital transformation startups. Directly comparable in stage philosophy, thematic focus, and stage discipline, with a similarly sized global fund.
- Shell Ventures: Corporate venture arm of Shell investing in early- to growth-stage startups across energy, mobility, and digital innovation. Direct peer — same CVC structure, same energy-system thematic overlap, and even a documented co-investment partner in Akselos.
- Engie New Ventures: Corporate venture arm of Engie investing in early- and growth-stage startups aligned with the energy transition. Comparable CVC structure, similar geographic focus on Europe, and adjacent thematic overlap.
- Next47 (Siemens): Corporate venture arm of Siemens investing in industrial, IoT, and energy-adjacent digital startups. Comparable in the digital twin / IoT / industrial software thematic overlap with portions of the innogy portfolio.
- EDF Pulse Ventures: Corporate venture arm of EDF Group, investing in startups around the future of electricity, energy services, and decarbonization. Direct peer in energy-system digital innovation across Europe.
- E.ON Innovation (E.ON SE): Innovation and venture arm of E.ON, which acquired innogy SE. Most direct peer given the parent/subsidiary relationship post-acquisition; operates the same CVC model targeting energy transition and digital innovation across Europe.
- Iberdrola Ventures: Corporate venture arm of Iberdrola targeting startups in renewables, smart grids, and digital energy. Direct peer in the CVC structure with similar vertical specialization.
Broad incumbents
- Energy Impact Partners (EIP): Large, sector-focused venture and growth fund backed by a coalition of utilities and energy corporates. Comparable in thematic focus on energy transition and digital innovation, with a much broader LP base and larger fund size.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
innogy New Ventures LLC social profiles
Digital presenceinnogy New Ventures LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
innogy New Ventures LLC leadership team
Management profileNumber of profiles
Profiles8 records
innogy New Ventures LLC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
innogy New Ventures LLC M&A and investment
M&A and investmentM&A
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about innogy New Ventures LLC
What does innogy New Ventures LLC do?
innogy New Ventures LLC operates as the corporate venture capital arm of innogy SE, one of Europe's largest utility companies. The firm invests equity capital in early-stage digital innovators across three focus areas—New Energy, Internet of Things, and Smart City & Mobility—typically deploying 1M€–5M€ in first or second institutional financing rounds and participating in follow-on rounds. Beyond capital, portfolio companies gain access to innogy group's resources, customers, and business development assistance.
Is innogy New Ventures LLC a public or private company?
innogy New Ventures LLC is a private company. It is classified as corporate owned and is currently operating.
When was innogy New Ventures LLC founded?
innogy New Ventures LLC was founded in 2015. It employs 501 to 1,000 people.
Where is innogy New Ventures LLC based?
innogy New Ventures LLC is headquartered in Palo Alto, United States, in the North America region.
How does innogy New Ventures LLC make money?
One revenue line is on record: venture Capital Returns.
Who are innogy New Ventures LLC's main competitors?
Direct peers on record are TotalEnergies Ventures, Enel Innovation Hub, bp ventures, Shell Ventures, Engie New Ventures, Next47 (Siemens), EDF Pulse Ventures, E.ON Innovation (E.ON SE) and Iberdrola Ventures. Energy Impact Partners (EIP) is listed as a broad incumbent.
Does innogy New Ventures LLC have an API?
No public API is recorded for innogy New Ventures LLC.
What industry is innogy New Ventures LLC in?
innogy New Ventures LLC's product category is Venture Capital. Its primary akta.pro industry code is FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms, with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6282.