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AENU

Europe, Berlin, Germany, Berlin

Description

AENU is a Berlin-based impact fund dedicated to fostering positive change through early-stage investments in climate technology and social impact companies. Operating across Europe and the United States, the firm is committed to backing ventures that address pressing global challenges, aligning financial returns with measurable environmental and social benefits. AENU's investment thesis centers on supporting innovative solutions that contribute to a sustainable and equitable future, reflecting a deep commitment to its mission as a certified B Corporation.

The fund primarily targets companies in their early stages, typically from Seed to Series A rounds. AENU's initial investment tickets range from approximately €500,000 to €3 million, which translates to about $540,000 to $3.24 million based on recent exchange rates. This strategic range allows AENU to provide substantial early capital while maintaining flexibility for follow-on investments as portfolio companies scale. Their focus spans a broad spectrum of impact areas, including critical climate tech sectors like carbon removal, sustainable food systems, and energy transition, alongside social impact domains such as the future of work, education, and health & wellbeing.

With a first fund totaling €100 million (approximately $108 million), AENU possesses significant capital to deploy across its chosen impact verticals. Beyond capital, the firm emphasizes providing strategic support and leveraging its network to help founders navigate growth challenges and maximize their impact. AENU's approach is characterized by a long-term perspective, seeking to build enduring partnerships with entrepreneurs who are building scalable solutions to some of the world's most complex problems. Their dedication to both financial performance and societal good positions them as a distinctive player in the global impact investing landscape.

Investor Profile

AENU has backed more than 45 startups, with 6 new investments in the last 12 months alone. The firm has led 9 rounds, about 20% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in Germany, United States, Denmark.
  • Strong thematic focus on Software, Renewable Energy, CleanTech.
  • Led 3 rounds in the past year.
  • Typical check size: $540K – $3.2M.

Stage Focus

  • Series A (29%)
  • Seed (27%)
  • Series B (18%)
  • Pre Seed (11%)
  • Series Unknown (4%)
  • Series C (4%)
  • Undisclosed (4%)
  • Series D (2%)

Country Focus

  • Germany (40%)
  • United States (16%)
  • Denmark (16%)
  • United Kingdom (11%)
  • France (7%)
  • The Netherlands (4%)
  • Poland (2%)
  • Ireland (2%)
  • Singapore (2%)

Industry Focus

  • Software
  • Renewable Energy
  • Cleantech
  • Environmental Consulting
  • Electric Vehicle
  • Mobile Apps
  • Clean Energy
  • Sustainability
  • Greentech
  • Battery
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does AENU frequently co-invest with?

Speedinvest
Europe, Wien, Austria, Vienna
Co-Investments: 3
Pale blue dot
Europe, Skane Lan, Sweden, Malmö
Co-Investments: 5
2150
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 3
Energize Capital
North America, Illinois, United States, Chicago
Co-Investments: 3
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Headline
North America, California, United States, San Francisco
Co-Investments: 4
byFounders
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 4
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 4
Lowercarbon Capital
North America, Wyoming, United States, Jackson
Co-Investments: 3
Firstminute Capital
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does AENU often collaborate with?

RB
North America, Virgin Islands, United States
Shared Deals: 1
MV
Europe, Berlin, Germany, Berlin
Shared Deals: 3
FS
North America, California, United States, Santa Clara
Shared Deals: 1
GW
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Shared Deals: 1
AR
Europe, England, United Kingdom, London
Shared Deals: 1
BF
Europe, Berlin, Germany, Berlin
Shared Deals: 1
CH
North America, California, United States, San Francisco
Shared Deals: 1
MW
Europe, Bayern, Germany, Munich
Shared Deals: 1
FS
North America, Michigan, United States, Metropolitan
Shared Deals: 1
MZ
North America, California, United States, San Mateo
Shared Deals: 1

What are some of recent deals done by AENU?

LGND

Berkeley, California, United States

LGND is a technology business that specialises in AI-powered spatial data solutions.

Artificial Intelligence (AI)SoftwareSoftware Engineering
SeedJul 10, 2025
Amount Raised: $9,000,000
trawa

Berlin, Berlin, Germany

End-to-End Energy-as-a-Service for Small and Medium Sized Enterprise

Clean EnergyCleanTechRenewable EnergySoftware
Series AMay 22, 2025
Amount Raised: $27,185,948
Beagle Systems

Hamburg, Hamburg, Germany

On-Demand Aerial Data

AerospaceAgricultureDronesGeospatialInfrastructureOil and GasPower GridRenewable Energy
SeedApr 1, 2025
Amount Raised: $5,414,074
EPYR

Paris, Ile-de-France, France

EPYR is an energy technology company focused on advancing large-scale industrial decarbonization and sovereignty.

EnergyRenewable EnergySustainability
Pre SeedFeb 3, 2025
Amount Raised: $3,098,441
OCELL

Munich, Bayern, Germany

We use aerial photography and AI to develop local forest climate projects companies can invest in.

AnalyticsArtificial Intelligence (AI)ForestrySoftware
Series AJan 29, 2025
Amount Raised: $10,439,863
ERS - Ecosystem Restoration Standard

Paris, Ile-de-France, France

Built upon next-generation dMRV, our standard is designed to verify impact on climate, biodiversity, and livelihoods.

Environmental ConsultingGreenTechSoftware
SeedDec 5, 2024
Amount Raised: $5,293,235
Voltfang

Aachen, Nordrhein-Westfalen, Germany

Voltfang develops home storage solutions for private houses using recycled traction batteries.

BatteryEnergy StorageRenewable Energy
Series AOct 4, 2024
Amount Raised: $8,784,403
alcemy

Berlin, Berlin, Germany

Alcemy is a cement and concrete decarbonization startup developing predictive analysis software to assist cement and concrete manufacturers.

Building MaterialConstructionGreen BuildingSustainability
Series UnknownJul 5, 2024
Amount Raised: $10,014,085
trawa

Berlin, Berlin, Germany

Renewable Energy-as-a-Service

Clean EnergyCleanTechRenewable EnergySoftware
SeedMay 15, 2024
Amount Raised: $10,888,348
apiday

Paris, Ile-de-France, France

SaaS platform for corporate ESG data management: from regulatory compliance and investor reporting to sustainability certifications

Data ManagementGreenTechSaaSSoftwareSustainability
Series AApr 25, 2024
Amount Raised: $10,726,748