About AENU
AENU is a venture capital firm founded in 2021. It is primarily based out of Berlin, Germany. As of Oct 2026, AENU is an active investor, having invested in 47 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Environment Tech to Enterprise Applications and Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Epyr Overall, AENU portfolio has seen 1 unicorn, 1 IPO and 4 acquisitions including key companies like Dance, Plantix and Minimum. A lot of funds co-invest with AENU, with names like PT1 sharing a substantial percentage of its portfolio. AENU has team of 16 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
AENU's List of Top Investments
AENU has a portfolio of 47 companies, one of which is a Unicorn. Their most notable investments are in Ocell and ScyAI.Their portfolio spans across Germany, United States, United Kingdom and 7 more locations. They have invested in Environment Tech, Enterprise Applications, Food and Agriculture Tech and 16 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by AENU:
1. Monta
SaaS-based platform for charging station management. Its platform allows users to customize electric vehicle charging points according to charging needs. It provides solutions for workplace charging, fleet charging, commercial charging, residential charging, and others. It offers product suite that serves as a command center for EV charging operations, including charge point management, financial operations, access control, and fleet management.
Key facts about Monta
2. Hometree
Provider of home protection and energy services. It helps homeowners protect, maintain, and improve their properties through comprehensive breakdown cover, repair services, and energy solutions. It offers boiler and heating cover, appliance protection, plumbing and drainage cover, annual boiler servicing, landlord services, new boiler installations, and renewable energy solutions including solar and heat pump services.
Key facts about Hometree
- Founded Year: 2016
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $268M
- Employee Count: 143 as on Sep 30, 2026
- Investors: Energy Impact Partners, Frontline Ventures and 59 Others
- Latest Funding Round: Conventional Debt, Oct 17, 2024, $*****
- Highlight: Editors' Pick
Operator of carbon removal technology converting biomass into bio-oil for sequestration. The company collects agricultural residue and uses pyrolyzers to convert it into bio-oil. This carbon-rich liquid is then transported to injection well sites. The bio-oil is pumped underground where it solidifies for permanent storage. The company also produces biochar for carbon removal.
Key facts about Charm Industrial
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $108M
- Employee Count: 108 as on Sep 30, 2026
- Investors: Kinnevik, Exor and 20 Others
- Latest Funding Round: Series B, Oct 03, 2023, $*****
- Highlight: Editors' Pick
4. Dance
Provider of subscription based electric bicycle rental services. The platform enables users to rent bicycles on a subscription basis by providing details like rental period, bicycle model, and more. It offers features like a mobile application for the user to manage and track their ride details in real-time, maintenance services, and more.
Key facts about Dance
- Founded Year: 2010
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $86.1M
- Employee Count: 1,226 as on Sep 30, 2026
- Investors: TriplePoint Capital, HV Capital and 30 Others
- Latest Funding Round: Series B, Mar 12, 2025, $*****
- Highlight: Acquired
5. XFuel
Manufacturer of low carbon drop in fuels from waste materials. This entity converts various waste streams into transport fuels compatible with existing combustion engines. These products function as direct replacements for conventional petroleum based fuels. The production process focuses on creating sustainable energy sources for transportation applications.
Key facts about XFuel
- Founded Year: 2010
- Location: Dublin (Ireland)
- Stage: Series A
- Total Funding till date: $28.6M
- Employee Count: 31 as on Oct 31, 2026
- Investors: Union Square Ventures, HAX and 12 Others
- Latest Funding Round: Series A, Jan 28, 2026, $*****
- Highlight: Editors' Pick
AENU's Year-on-Year Investment Trends
AENU has invested in 47 companies over the last 5 years, with an average of 6 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Oct 2026, it has made 8 investments in this year. Its most recent first time investment was in Galvany and most recent follow-on round was in Epyr.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 3 | 8 |
2025 | 4 | 2 | 6 |
2024 | 5 | 3 | 8 |
2023 | 7 | 1 | 8 |
2022 | 9 | 0 | 9 |
2021 | 2 | 0 | 2 |
AENU's Investments by Stage
AENU has made 14 investments in Seed stage with an average round size of $6.22M, 9 investments in Series A stage with an average round size of $13.2M, 7 investments in Series B stage with an average round size of $40.8M and 2 investments in Series C stage with an average round size of $76M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 9 |
Series B | 7 |
Series C | 2 |
Note: We have considered here, only first round of investments
AENU's Investments by Sector
AENU has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, Enterprise Applications, Energy Tech and High Tech. Notably, it has invested in 44 Tech companies, 36 Enterprise (B2B) companies, 23 Software companies and at least 18 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Sustainability Tech | 22 |
Environment Tech | 18 |
Enterprise Applications | 14 |
Energy Tech | 12 |
High Tech | 8 |
Others | 36 |
Note: We have considered here, only first round of investments
AENU's Investments by Geography
AENU has made most investments in Germany (11), followed by United Kingdom where it has made 6 investments.Country | No. of Investments |
|---|---|
Germany | 11 |
United Kingdom | 6 |
United States | 5 |
Denmark | 4 |
France | 4 |
Others | 4 |
Note: We have considered here, only first round of investments
AENU's recent investments
AENU has made 8 investments in 2026 so far. Epyr and Metris are the latest among them.Here are the most recent investments by AENU:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 13, 2026 | France | Series A | 5605 | [+4] | |
Sep 21, 2026 | United Kingdom | Seed | 8510 | [+4] | |
Jun 08, 2026 | United Kingdom | Seed | 6883 | ||
Apr 09, 2026 | France | Series A | 9822 | [+3] | |
Mar 25, 2026 | Germany | Series A | 1204 |
Unicorns in AENU's Portfolio
AENU has 1 unicorn in its portfolio - INFARM. The most recent unicorn in their portfolio is INFARM which became a unicorn in 2021, 4 years before AENU first invested in it.Here is a list of unicorns in AENU's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Company offering a global vertical farming network using efficient farming methods | 2013 | Berlin | Series D | jjtixva |
IPOs and Publicly Listed companies in AENU's Portfolio
1 of AENU's portfolio company became public - Tesvolt.Here are AENU's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 9374 |
Acquired companies in AENU's Portfolio
4 companies from AENU's portfolio have been acquired. The most recent acquisition was Dance in May 2026 by Swapfiets for $*****.Here are AENU's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 20, 2026 | - | - | 7299 | |
Mar 31, 2026 | - | - | 5301 | |
Apr 27, 2023 | - | - | 1161 | |
Dec 08, 2021 | - | - | 9143 |
Team profile of AENU
AENU has a team of 16 members including 5 Partners and 3 Principals located in Germany. AENU's team does not sit on the board of any company as of now.Here is a list of top team members in AENU:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | |||
Partner | Munich | - | ||
Partner | Berlin | - | - | |
Partner | Berlin | - | - | |
Partner | - | - | - | |
Principal | - | - | ||
Principal | Berlin | - | - | |
Principal | Berlin | - | - |
Co-investors of AENU
Over the past 5 years, 303 investors have co-invested in AENU's portfolio companies. This includes funds and angels.
- Invested before AENU: Pale Blue Dot, Andreessen Horowitz and 136 others have invested in rounds before AENU. There are 2 companies where Pale Blue Dot has invested before AENU and 2 companies where Andreessen Horowitz has invested before AENU.
- Top Co-investors of AENU: 111 investors entered a company along with AENU. These include investors like PT1 (3 companies).
- Invested after AENU: A total of 54 investors have invested in AENU's portfolio after their investments. Top Investors include Norrsken VC (2 companies), BlackRock (1 company) and CPP Investments (1 company).
Recent News related to AENU
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Profitable German heat pump platform GALVANY closes €10 million Seed round after sevenfold revenue growthEU-Startups•Jun 08, 2026•Galvany, SET Ventures, AENU
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AENU backs YC alum to build a Bloomberg Terminal for clean energy developers. Here is the pitch deck behind its €3.3M raiseTech Funding News•Apr 09, 2026•AENU
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ScyAI Secures €2 Million in Funding for AI-Powered Risk IntelligenceTrending Topics•Feb 13, 2026•ScyAI, AENU
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Equitable Earth Raises €12.6M in FinancingFinSMEs•Jan 19, 2026•Noa, AENU, LocalGlobe, Equitable Earth
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Farm to fuse box: feld.energy harvests over €10 million to double up farmland as solar fieldsEU-Startups•Sep 15, 2025•Feld.energy, AENU, Future Energy Ventures, HV Capital and 1 other
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LGND Secures $9M to Revolutionize Earth Data Accessibility with AI-Powered Geospatial ToolsPR Newswire•Jul 10, 2025•Javelin Venture Partners, AENU, Space Capital, Overture and 5 others
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Germany's trawa secures €24M in Series A funding to help European businesses reduce energy costsSilicon Canals•May 22, 2025•trawa, Balderton Capital, Speedinvest, AENU and 2 others
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Five million euros for geodata start-up Beagle SystemsVenture Capital magazine•Apr 02, 2025•Beagle Systems, PT1, AENU
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Osborne Clarke Advises Capnamic On Ocell’s Eur 10 Million Series A Financing RoundRecht & Politik•Feb 07, 2025•Ocell, Capnamic Ventures, Bayern Kapital, AENU and 2 others
