Eni Next

Eni Next is the corporate venture capital arm of Eni Group, a global multi-energy company headquartered in Rome, Italy. Established in 2020 with an initial capital commitment of €50 million (approximately $54 million), Eni Next plays a pivotal role in supporting Eni's strategic objectives towards energy transition and decarbonization. Its primary mission is to identify, invest in, and foster innovative startups and scale-ups that are developing cutting-edge technologies aligned with Eni's long-term sustainability goals.

The investment focus of Eni Next is broad yet strategically targeted, encompassing areas critical to the future of energy. This includes renewable energy solutions, circular economy initiatives, sustainable mobility, advanced materials, and digital technologies that enhance energy efficiency and reduce environmental impact. By investing in these sectors, Eni Next aims to accelerate the development and adoption of solutions that contribute to a net-zero future, aligning directly with Eni Group's ambitious decarbonization roadmap.

Eni Next typically invests in companies ranging from early-stage (seed/Series A) to growth-stage (Series B) rounds. While specific check sizes can vary depending on the stage and strategic fit, their typical first investments range from approximately $250,000 for early-stage ventures up to $5,000,000 for more mature opportunities. They frequently participate in co-investment rounds alongside other venture capital firms and strategic partners, leveraging their deep industry expertise and global network to support portfolio companies. As of early 2024, Eni Next has made over 15 investments, demonstrating its active role in the innovation ecosystem.

This strategic investment approach allows Eni Next to not only generate financial returns but also to integrate promising new technologies into Eni's operations, fostering internal innovation and accelerating the company's transformation into a leader in sustainable energy. Its commitment underscores Eni Group's dedication to pioneering solutions for a more sustainable and decarbonized energy future.