ENGIE New Ventures
ENGIE New Ventures is the €250M+ corporate venture capital arm of ENGIE Group, making €1-5M minority equity investments in early-stage cleantech startups since 2014. It provides portfolio companies a structured pilot-to-industrialization pathway onto ENGIE's global operational assets, with 50+ startups funded and 23 active in the portfolio.
- Company typePrivate
- Founded2014
- HeadquartersParis, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What ENGIE New Ventures does
ENGIE New Ventures (ENV) is the corporate venture capital arm of ENGIE Group, established in 2014 as an evergreen vehicle with €250M+ in committed capital to take minority equity stakes in early-stage cleantech and energy-transition startups. ENV invests €1-5M tickets per company, screening for technologies that can form a strategic partnership with one of ENGIE's business units and materially contribute to ENGIE's EBIT. The stated investment model is a collaboration roadmap: each deal begins with a pilot on ENGIE operations, followed — if successful — by industrialization onto ENGIE assets with the objective of becoming a standard across the group. Once strategic ambitions are met, technology is derisked, and commercial traction is achieved, ENV divests and recycles capital into new investments aligned with ENGIE's strategic priorities.
The fund's go-to-market is sales-led in the sense that deal origination, evaluation, and post-investment stewardship are driven by a 10-person investment team operating from Paris, San Francisco, Tel Aviv, Singapore, and Santiago. Deal flow is sourced through ENGIE's Open Innovation platform (hundreds of calls for projects per year), industry events (Viva Technology, Ecosummit, High Tech Venture Days), direct outreach, and inbound applications. Returns are generated through capital gains on exits — most notably the HomeBiogas IPO on the Tel Aviv Stock Exchange at a NIS 310M valuation — with stated failures including AirWare, Serviz, and Connit. Since inception, ENV has invested in 50+ startups, with 23 active in the current portfolio spanning renewable energy, energy efficiency, green gases (hydrogen and biogas), carbon capture and removal, energy storage, demand response, mobility, and IoT.
ENV's core competitive differentiation is its position inside ENGIE Group, giving portfolio companies privileged access to ENGIE's global operating footprint, business-unit procurement, and customer base as a deployment channel — a structural advantage not available to standalone cleantech VCs. Recent investment activity (ExerGo in district heating, GravitHy in green steel, H2SITE in hydrogen infrastructure, ClimeFi in carbon removal) shows a thematic pivot toward hard-to-abate industrial decarbonization. The fund is led by Managing Director Johann Boukhors, with Investment Directors Laurent Rambaud, Vincent Pichon, and Carlos Chalbaud, two Senior External Advisors (Anne Baer, Sheeraz Haji), two Investment Analysts, and a Financial Manager. ENV has been recognized as Corporate Investor of the Year by the Cleantech Group (2018), Best Cleantech Strategic Investor Global by CFI.co (2022), and a Top Corporate VC Fund at the Climate 50 Awards (2022).
ENGIE New Ventures firmographics
Firmographics- Name
- ENGIE New Ventures
- Legal name
- ENGIE SA
- Website
- http://www.engieventures.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ENGIE New Ventures is the €250M+ corporate venture capital arm of ENGIE Group, making €1-5M minority equity investments in early-stage cleantech startups since 2014. It provides portfolio companies a structured pilot-to-industrialization pathway onto ENGIE's global operational assets, with 50+ startups funded and 23 active in the portfolio.
- Ownership category
- akta.pro rank
ENGIE New Ventures industry classification
Industry- Product category
- Corporate Venture Capital / Cleantech Investment Services
- NAICS
- Other Financial Vehicles (52599), Miscellaneous Financial Investment Activities (523999), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where ENGIE New Ventures is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices4 records
Markets served
ENGIE New Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Capital Gains from Portfolio Companies: ENGIE New Ventures generates returns through minority equity investments in cleantech startups. Once strategic ambitions are achieved, technology is derisked and commercial traction is met, the fund aims at divesting and recycling capital into other innovative startups aligned with strategic priorities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Minority equity investments in early-stage cleantech startups |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
ENGIE New Ventures product offering
Product offeringCore offering
ENGIE New Ventures is the corporate venture capital fund of ENGIE Group, managing over €250 million to make minority equity investments (€1-5 million per company) in early-stage cleantech startups focused on energy transition. The fund combines financial capital with strategic partnership access to ENGIE's global business units, providing portfolio companies a pathway from pilot on ENGIE operations to industrialization onto ENGIE assets, with the goal of divesting once strategic objectives and commercial traction are achieved.
Product overview
ENGIE New Ventures is a corporate venture capital fund, not a product company. It operates as the CVC arm of ENGIE Group, making minority investments of €1-5 million in innovative cleantech startups since 2014. The fund focuses on technologies and solutions for the energy transition including renewable energy, energy efficiency, green gases (hydrogen, biogas), carbon capture, energy storage, demand response, mobility, and IoT. The fund is represented in Paris, San Francisco, Tel Aviv, Singapore, and Santiago, with over €250 million invested in more than 50 startups.
Differentiator
Problem solved
Functional benefit
Products and services
- ENGIE New Ventures Investment Fund Corporate venture capital fund providing minority equity investments (€1-5 million per company) in early-stage cleantech and energy-transition startups, combined with a strategic collaboration roadmap featuring pilot deployment on ENGIE operational assets followed by industrialization onto ENGIE assets and eventual divestment and capital recycling. Designed for founders and management teams of early-stage cleantech companies whose technologies can form a strategic partnership with ENGIE's business units.
Quantifiable outcome
- Over 50 solutions invested since 2014
- +1 more outcomes
Companies that use ENGIE New Ventures
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
ENGIE New Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ENGIE New Ventures partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Global Energy Management & Sales (ENGIE)coreENGIE business entity partnered with ClimeFi through a collaboration agreement to bring ClimeFi's carbon removal solutions to ENGIE's wide portfolio of customers.
- TECNALIAcoreSpain's largest private research center developed membrane reactor technology; co-investor and technology provider for H2SITE.
- EnergyworxcoreENGIE leads new funding round in Energyworx alongside EDP Ventures and SET Ventures. Partnership enables ENGIE to use Energyworx's Energy Data Management platform for digital platforms and customer analytics.
- EcosummitminorENGIE New Ventures participated in Ecosummit zoom event to connect with cleantech investors and startups.
- VyntelligencecoreTechnical and commercial partnership with Vyntelligence to create custom storyboards and domain-specific AI models for sustainability and asset performance services for ENGIE enterprise clients.
- RedaptivecoreENGIE forged a commercial partnership with Redaptive to bring Efficiency-as-a-Service platform to ENGIE clients. Redaptive works with ENGIE in North America and ENGIE Impact teams for turnkey energy efficiency services.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
ENGIE New Ventures competitors and assessment
Company assessmentDirect peers
- bp ventures: Corporate venture arm of bp, investing across energy, mobility, and cleantech. Operates a comparable minority-equity CVC model with strategic partnership pathways into bp's operating businesses.
- Shell Ventures: Corporate venture arm of Shell plc, investing in early- to growth-stage energy and mobility startups. Comparable CVC mandate and structure, targeting decarbonization themes that overlap with ENV's cleantech portfolio.
- Breakthrough Energy Ventures: Bill Gates-backed cleantech venture fund investing across the same decarbonization verticals (hydrogen, carbon removal, green steel, storage) and co-investing alongside ENV in multiple rounds including H2SITE and C-Zero. Closest peer in mandate and stage focus.
- Chevron Technology Ventures: Corporate venture arm of Chevron focused on emerging technologies including cleantech and lower-carbon solutions. Similar large-major-backed CVC structure with strategic deployment of portfolio tech onto parent assets.
- TotalEnergies Ventures: Corporate venture arm of TotalEnergies investing across renewables, mobility, and cleantech. Operates a comparable large-energy-major-backed CVC structure targeting the energy transition with strategic-partnership roadmaps.
- Equinor Ventures: Corporate venture arm of Norwegian energy major Equinor, investing in early- and growth-stage energy transition startups including hydrogen. Co-investor with ENV in H2SITE and operates a similar large-utility-backed CVC model.
- Eni Next: Corporate venture arm of Italian energy major Eni, focused on cleantech and energy transition startups. Direct CVC peer in mandate, structure, and stage, having co-invested alongside ENV in C-Zero's $34M round.
- Next47 (Siemens): Corporate venture arm of Siemens AG investing in industrial-tech, energy, and sustainability startups. Operates a similar minority-equity CVC model with strategic deployment of portfolio tech across parent industrial assets, and Siemens Financial Services is a known co-investor in ENV portfolio companies like GravitHy.
- EDP Ventures: Corporate venture arm of Portuguese renewables major EDP, focused on cleantech and energy transition. Co-investor alongside ENV in Energyworx, sharing the same sector-specialist CVC thesis and minority-ticket strategy.
Broad incumbents
- Microsoft Climate Innovation Fund: Climate-focused investment vehicle of Microsoft backing cleantech and carbon-removal startups. Co-investor with ENV in Raptor Maps and C-Zero, operating a broader climate-tech mandate from a tech-major rather than energy-major base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ENGIE New Ventures social profiles
Digital presenceENGIE New Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
ENGIE New Ventures leadership team
Management profileNumber of profiles
Profiles10 records
ENGIE New Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ENGIE New Ventures M&A and investment
M&A and investmentM&A
Investments26 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ENGIE New Ventures
What does ENGIE New Ventures do?
ENGIE New Ventures is the corporate venture capital fund of ENGIE Group, managing over €250 million to make minority equity investments (€1-5 million per company) in early-stage cleantech startups focused on energy transition. The fund combines financial capital with strategic partnership access to ENGIE's global business units, providing portfolio companies a pathway from pilot on ENGIE operations to industrialization onto ENGIE assets, with the goal of divesting once strategic objectives and commercial traction are achieved.
Is ENGIE New Ventures a public or private company?
ENGIE New Ventures is a private company. It is classified as corporate owned and is currently operating.
When was ENGIE New Ventures founded?
ENGIE New Ventures was founded in 2014. It employs 1 to 10 people.
Where is ENGIE New Ventures based?
ENGIE New Ventures is headquartered in Paris, France, in the Europe region.
How does ENGIE New Ventures make money?
One revenue line is on record: capital Gains from Portfolio Companies.
Who are ENGIE New Ventures's main competitors?
Direct peers on record are bp ventures, Shell Ventures, Breakthrough Energy Ventures, Chevron Technology Ventures, TotalEnergies Ventures, Equinor Ventures, Eni Next, Next47 (Siemens) and EDP Ventures. Microsoft Climate Innovation Fund is listed as a broad incumbent.
Does ENGIE New Ventures have an API?
No public API is recorded for ENGIE New Ventures.
What industry is ENGIE New Ventures in?
ENGIE New Ventures's product category is Corporate Venture Capital / Cleantech Investment Services. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 52599 and its SIC code is 6282.