Participated · Equity · Mar 2026

Entrix builds and operates a portfolio of battery storage systems across core European markets, offering end-to-end optimisation and market participation. Its platform manages more than 70 systems and a contracted capacity of 3 GW / 8.5 GWh, with 2 GW expected to be operational in 2026. Entrix runs local teams and offices in Germany, Italy, Spain and Poland, with Germany as its largest market by capacity. The company uses AI-driven trading and optimisation to participate in balancing services, day-ahead and intraday markets, translating battery performance into revenue. Founded in 2021, Entrix has grown from running one of Germany’s first large-scale battery projects into a sizable flexibility operator that it says is equivalent in scale to roughly three nuclear power plants or the peak demand of about three million households.

Participated · Equity · Jun 2025

Co-Power builds decentralised energy infrastructure for Europe’s industrial sector, delivering on-site large-scale battery storage and solar PV via a zero-upfront, Energy-as-a-Service model. The company focuses exclusively on B2B industrial customers, positioning itself as a flexibility-first provider that flattens peaks, shifts loads, and optimises solar consumption. Its software layer manages optimisation, pricing, and smart energy trading to bring more stable, near-24/7 availability to intermittent renewables. Co-Power says its systems can cut electricity costs for customers by up to 50% while reducing grid fees and boosting resilience. The company is building an industrial virtual power plant (VPP) — a network of decentralised assets — to scale those benefits across sites. Initial projects are underway and it reports a growing pipeline of industrial customers.

Participated · Equity · Nov 2024

Tomorrow offers a mobile-first, ethical banking platform that steers customer deposits away from the fossil-fuel industry and into sustainable projects. The company collaborates with its user base to design customised account fees and also provides carbon-offsetting investment opportunities to help users reduce their environmental footprint. Founded in 2018 by Inas Nureldin, Michael Schweikart and Jakob Berndt, Tomorrow has attracted more than 100,000 customers and over 10,000 crowdfunders, making it Europe’s largest crowd-backed company. Although it does not yet hold its own banking licence, the startup partners with licensed institutions to deliver its services. Management reports that the business has reached monthly profitability for the first time. The newly raised capital will fund further customer acquisition and the development of additional banking products, broadening the platform’s software capabilities.

Participated · Series A · Dec 2022

Customcells develops and recycles high-performance lithium-ion batteries that power products such as cars, medical equipment and some fossil-fuel development projects. The company produces cells built for high-heat environments (above 122°F) and emphasizes battery recycling. Its customer base includes small jet maker Lilium and more than half of Germany’s major automotive companies, with Porsche among its customers. Customcells raised about $63 million (€60 million) in a Series A to accelerate a push into e-aviation. The funding is also intended to support expansion outside Germany into the U.S. and Asia. The company is positioning its battery technology to address weight and performance challenges in electric aircraft. Custom Cells Itzehoe manufactures tailored electrode foils, special types of rechargeable lithium batteries, and assembles battery systems for niche markets. Founded in 2012 by Torge Thönnessen as a spin‑off of the Fraunhofer Institute for Silicon Technology, the company focuses on specialist applications of lithium accumulators. It serves approximately 250 clients in over 30 countries. The product mix emphasizes custom solutions—tailored electrode foils and special battery types—positioning the company for industrial and specialist use cases. Following P3 group's strategic investment, P3 intends to support Custom Cells’ business model, leverage synergies and expand its own markets. Early backers exited in conjunction with the transaction. Custom Cells Itzehoe GmbH (CCI) is a developer of flexible energy storage systems based in Itzehoe, Germany. Led by Torge Thönnessen and King Leopold, the company produces optimized energy storage solutions for customer-specific applications built on a proprietary lithium-battery technology platform. Its battery systems are tailored for uses such as prostheses, autonomic weather stations, satellites, drilling sensors, autonomous underwater vehicles and concept cars. The company raised capital from strategic investors to strengthen its position. It intends to use the funds to improve market positioning, optimize production processes and support growth. Custom Cells Itzehoe manufactures electrode foils, rechargeable accumulators and complete battery systems for a range of niche applications. The company supplies components and systems for prosthetics, weather stations, satellites, drill head sensors, unmanned underwater vehicles and concept cars. It is led by co-CEOs Torge Thönnessen and Leopold König. The firm is also working toward future battery solutions using innovative materials. Custom Cells received funding from High‑Tech Gründerfonds and intends to use the proceeds to continue to grow the business. The article does not disclose operating metrics or the amount and instrument of the funding.

Participated · Series B · Oct 2021

Getsafe began with a digital-first home contents insurance product and sells directly to customers via its website and mobile app. The company has expanded its product set to include personal liability, dog liability, drone liability, bike theft protection and car insurance. Getsafe is active in Germany and the U.K., with roughly 225,000 customers in Germany and 25,000 in the U.K.; overall customer counts have risen from about 150,000 reported in December 2020. The app is a central part of the product experience — about 30% of customers open it at least once per month, creating upsell opportunities. With new funding, Getsafe plans to obtain its own insurance license (expected to go live in 2021), invest further in product development, and expand into new markets including France, Spain, Italy and Austria. Getsafe launched with an app for home contents insurance and offers modular covers such as personal possessions and accidental damage, delivered via an easy-to-use mobile app. The company is available in Germany and the U.K. and has expanded product offerings in partnership with reinsurer Swiss Re, including a digital car insurance product optimized for smartphones. Getsafe plans to operate under its own insurance licence to accelerate product innovation and intends to launch licence-powered products in the first half of 2021. The startup reported 150,000 active customers, with 90% of users buying insurance for the first time. It also plans to test driving behaviour–based pricing in 2021 and to extend its current Series B with a second tranche ahead of the licence-powered rollout. Getsafe operates a mobile-first insurance platform that sells direct-to-consumer renters and liability policies (including bike and drone coverage) via an app and chatbot. The company says it uses AI to help customers identify needed protection and to enable fully digital claims. Founded in May 2015, Getsafe began as a digital broker and sold its brokerage business to Verivox before pivoting to its current direct insurance offering. The startup reports about 60,000 customers and employs roughly 50 people today. Getsafe plans to add more products soon, expand across Europe and launch in the U.K. by year-end. It intends to grow headcount to more than 100 and expects to raise additional funds over the next twelve months. GetSafe is a Heidelberg, Germany–based digital insurance manager that aggregates customers' insurance contracts and information in a mobile app. Users can manage existing policies on their smartphones, view coverage, report claims directly to insurers, and conclude new contracts through the app. The service automatically identifies coverage gaps and savings potentials and offers tools to optimize portfolios and terminate adverse policies. GetSafe cooperates with more than 130 insurance companies and had already gained several thousand customers. Founded in 2013 by Christian Wiens (CEO) and Marius Blaesing (CTO), the company is hiring and plans international expansion in 2016. It raised a single-digit million euro investment to bolster its position in Germany, continue technology development and further increase service quality.