AENU

Overview

Berlin early-stage climate-tech investor focused on energy transition, industrial decarbonization and resilience technologies in Europe (mainly DACH, France, the UK and the Nordics). It typically leads or co-leads seed rounds with initial tickets of €1–5M and takes a board seat. Its fund closed at €170M in September 2024.

Notable portfolio companies

• Monta
• Entrix
• Ember
• Trawa
• Greenlyte
• Hometree

Funds

LPs on the record

1 LP reports holding AENU’s funds.

• KfW Capital Government fund of funds · 1 fund

Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

KfW Capital: KfW Capital portfolio: venture capital and venture debt funds (a selection), as of October 11, 2026. KfW Capital, the venture capital arm of Germany's state development bank KfW, invests as a limited partner in European venture capital and venture debt funds. Its website names 83 fund managers it is invested with and says the list is a selection ("Eine Auswahl"), so it is not the whole portfolio. The page names managers, not the individual funds, and gives no amount, so each entry here is a manager's name as KfW Capital prints it and the commitment and every other amount, the vintage year, multiple and IRR are blank; nothing is converted from euro because no amount is published. Venture debt managers are in the list and are not marked as such. The page carries no date: the as-of date is the day it was read. View source