Statkraft Ventures GmbH will invest up to 10 million EUR per annum in energy related start-ups. Dr Matthias Dill has been appointed as managing director.
"Statkraft has been a relevant player in shaping the rapid change of energy markets and aims to continue this role in the future. We know that many new business areas will arise and start-ups will get a chance to establish as market leaders in these areas. We see those start-ups as valuable partners. Therefore, we want to contribute to this ecosystem by providing funds to the most promising players. Additionally, we can offer to leverage the synergies between start-ups and the Statkraft Group" says Asbjørn Grundt, Executive Vice President Market Operations & IT at Statkraft.
Statkraft Ventures will be investing as a lead investor. Initial investments will be in the range up to 2.5 million EUR. The fund operates out of Düsseldorf and targets investment opportunities across Europe.
"Our mission is to be the preferred partner for ambitious entrepreneurs", says Dr Matthias Dill, Head of Corporate Venture Capital and Managing Director of Statkraft Ventures GmbH. "Even though capital is an important part for a start-up's sustainable growth, we know that committed founders are the key to success. We strongly believe in the independence of entrepreneurs and support founders as active board members".