The Venture Codex Logo

The Venture Codex

ETF Partners

29 Queen Anne's Gate, London, England, SW1H 9BU, United Kingdom

Overview

ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Its funds come from institutional investors, global corporations, and family offices. The firm creates value by investing in and supporting great European companies that deliver Sustainability Through Innovation.

Total investments
62
Lead investments
31
Investments · 12mo
2
Active investors
10

Sector focus

  • Artificial Intelligence (AI)
  • Clean Energy
  • CleanTech
  • Finance
  • Financial Services
  • Green Consumer Goods
  • GreenTech
  • Impact Investing
Visit website

Investment portfolio

  • QuantWare

    Participated · Series B · May 2026

    QuantWare develops modular quantum processors built on its proprietary VIO architecture and has introduced the VIO-40K design aimed at higher qubit capacity. The company produces commercially available quantum processing units at industrial scale and follows an open approach that allows third parties to build and integrate their own designs. QuantWare was founded by researchers from QuTech and is expanding manufacturing capability in Europe through KiloFab, a dedicated facility in the Netherlands. Following its €152 million Series B, the company plans to scale both processor development and industrial production. Management frames these steps as accelerating the transition of quantum computing from research toward large-scale commercial deployment.

  • Modo Energy

    Participated · Series B · Dec 2025

    Founded in 2019 and headquartered in London, Modo Energy provides an AI-powered benchmarking and valuation platform for energy storage and renewable assets, including its AI analyst, Ko. The platform is used by more than 200 companies across 30 countries and covers 15 energy markets. Modo’s forecasts have helped finance over $3.8 billion of assets, and it is the only FCA-regulated benchmark provider for battery energy storage. The company employs a team of more than 75 analysts, data scientists, and engineers and plans to continue hiring as it expands into new markets. Recent capital raises include a Series B led by Molten Ventures six months ago with follow-on funding from MMC, and a $17 million growth funding package led by CIBC Innovation Banking, bringing total funding to $52 million. Modo intends to use the new funds to further develop Ko, invest in its platform, and expand sales and marketing efforts.

  • Dexter Energy Services

    Participated · Series C · Jul 2025

    Dexter Energy is an Amsterdam-based climate tech company that provides AI-driven forecasting and trade optimization services for renewable energy and batteries. Its software helps renewable producers balance the electricity grid and optimize the use of solar, wind, and battery storage by enabling short-term power trading and automated trading strategies. The company positions its product to address price volatility and declining subsidies as renewables scale in Europe—renewables rose from 34% of generation in 2019 with a projected 70% by 2030, and Dutch producers have seen revenues drop by over 30% since 2019 due to market cannibalization and balancing costs from forecasting errors. With the new funding, Dexter plans to expand solutions for battery trading, enhance optimization tools for wind and solar, and enter new European markets. It will accelerate development and rollout of asset-backed trade optimization solutions across Europe and initially deploy battery trade optimization in the Netherlands before expanding to other key markets. The company will also grow its team and scale its product to make short-term trading more efficient and profitable for renewable producers, helping balance the grid. Dexter Energy offers an AI-driven platform that leverages advanced machine learning algorithms and big data analytics to produce renewable generation forecasts. Its software is designed to help energy companies manage short-term trading activities and optimise decisions for 100% renewable portfolios. The company raised a €10.5 million Series B to support growth. Dexter plans to use the funding to expand into new European markets and to double the size of its team by the end of the year. Investors and company leadership emphasise the platform’s role in reducing system imbalances and cutting emissions. Existing backers continue to support the company as it scales. Dexter Energy offers an AI-powered platform that helps energy providers predict supplies, demand, and market movements to optimize production and consumption. The software is aimed at renewable-energy suppliers that need accurate forecasting to compete with weather-independent fossil-fuel generation. Dexter's stated goal is to accelerate renewables' ability to compete with and phase out fossil-fuel‑fired providers. The company raised €2 million in a Series A round to support its growth. Dexter intends to roll out its optimization platform to all liberalized European energy markets in the coming years, according to CEO Luuk Veeken.

  • Look Up Space

    Led · Series A · Jun 2025

    Look Up builds a global radar network (SORASYS) and digital platforms such as SYNAPSE to detect and analyse orbital objects and offer Space-Operations-as-a-Service. Founded in 2022 by Michel Friedling and Juan Carlos Dolado Perez, the company already operates a high-precision radar in France and plans two more in French Polynesia. Its full-stack solution also ties into the EU-backed ATLAS2 programme for automated low-Earth orbit safety. The startup had over 60 employees as of June 2025 and plans to reach 100 by year-end. Planned uses of the new funding include deploying additional radar units, launching a space operations centre, accelerating international expansion, and validating its service model with an in-orbit demonstration. Look Up positions itself to meet rising demand for coordinated space traffic management from public and private operators and to strengthen European sovereignty in space surveillance. Look Up Space is developing a global space-surveillance solution based on a worldwide network of radars and an innovative platform for massive fusion and processing of multi-source data. Its systems are designed to provide permanent, real-time, atmosphere-insensitive and precise surveillance capable of detecting centimeter-class objects. The company is building the SORASYS space-surveillance radar demonstrator and the SYNAPSE multi-source data fusion and processing platform, with plans to complete development by the end of 2024. Look Up Space targets institutional and private, civil and military customers with space security data and services. Led by Michel Friedling and Juan Carlos Dolado and based in Toulouse, the company will have more than 20 employees by September 1 drawn from French and European space and digital organisations, CNES and the French Ministry of the Armed Forces. It recently raised €14M (€7M private, €7M public subsidies) to support product development.

  • Fairly Made

    Led · Equity · Apr 2025

    Fairly Made provides a SaaS platform that enables brands to assess environmental and social impacts across their product supply chains. A key feature is the creation of digital passports that report raw material origins, manufacturing processes, and the environmental footprint of each item. The platform combines traceability, ecodesign, and consumer transparency to help brands implement sustainable practices at scale. The company counts clients such as Versace, LVMH, Paul Smith, SMCP, ba&sh, Another Tomorrow, A.P.C., and Courrèges. Fairly Made opened an office in Milan in 2023 and is pursuing international expansion. The new €15M investment will be used to further develop the SaaS platform, expand its team of experts, and accelerate global growth.

Team