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The Venture Codex

First Imagine!

Quadrant House, Floor 6, 4 Thomas More Square, London, England, E1W 1YW, United Kingdom

Overview

First Imagine! Ventures is an experienced team of investors, founders and managers. Their mission is to partner with passionate visionaries who have big ideas and global ambition, help them build great companies and, in doing so, make a real difference to people's lives. Their particular interest is within companies developing disruptive deep science- and engineering-based technologies driving the Energy transition: green power and heat generation, hydrogen, energy storage, power electronics, distributed energy resources, connectivity and visibility in the power sector, demand management, AI and data analytics in the power sector, E-mobility

Total investments
8
Lead investments
3
Investments · 12mo
4
Active investors
2

Sector focus

  • Artificial Intelligence (AI)
  • Battery
  • Clean Energy
  • Energy Storage
  • Fuel Cell
  • Power Grid
  • Renewable Energy
  • Solar
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Investment portfolio

  • Solar Materials

    Participated · Series B · Apr 2026

    SOLAR MATERIALS has developed a patented process to recover high-quality, sort-pure materials — including glass, aluminum, copper, silver and silicon — from end-of-life crystalline silicon solar modules, which comprise more than 95% of the global installed base. The technology has been industrially validated and the company positions modules as a resource rather than waste, addressing rising volumes of retired panels in Europe. SOLAR MATERIALS is scaling its recycling technology across larger industrial sites and is working to extend the process to additional module technologies. The company has secured up to €20 million in a Series B to accelerate European scale-up and site buildout, and has formed a strategic partnership with NOVA by Saint-Gobain to feed recycled glass into float-glass production. No specific revenue, user or other operating metrics were disclosed in the article.

  • IBI Ag

    Participated · Series A · Nov 2025

    IBI Ag is an Israeli agri-biotech company pioneering a platform that uses single-domain antibodies (nanobodies) to create highly selective biological insecticides. Adapted from human therapeutics and optimized for agriculture, its products introduce new modes of action that protect high-value crops from both sucking and chewing pests while sparing beneficial species. The firm positions its technology as a lower-ecological-footprint alternative to conventional chemicals, aiming to help farmers boost yields sustainably. With fresh Series A capital, IBI Ag plans to accelerate product development and advance regulatory filings on multiple bio-insecticide candidates. The company also intends to deepen its collaboration with strategic investor Corteva to speed commercialization. Founded by The Trendlines Group alongside Dr. Amir Ayali and Dr. Rony Oren Benaroya, IBI Ag has been supported by the Israel Innovation Authority since inception. Financial details beyond the recent $10 million raise were not disclosed.

  • HotGreen Solutions

    Participated · Seed · Oct 2025

    HotGreen Solutions is a UK cleantech startup building ultra-efficient, high-temperature heat pumps that generate low-carbon steam for industrial facilities. Its systems integrate with existing boiler infrastructure and deliver up to four times the efficiency of traditional fossil-fuel boilers, enabling rapid installation in three to five days. Typical customers such as breweries, distilleries, and dairy plants can save about €0.5 million annually on energy costs and avoid roughly 3,000 tonnes of CO₂ emissions, achieving payback in under two years. Industrial process heat represents more than 20 % of global CO₂ emissions, positioning HotGreen’s technology to address a large climate and cost-sensitive market. The company plans to scale through pilot projects and commercial deployments, initially focusing on the food and beverage sector. Proceeds from its latest financing will fund product development and market expansion.

  • NeoEarth

    Led · Equity · Sep 2025

    NeoEarth develops high‑yield microalgae strains and a membrane photobioreactor process to produce biomass at low cost while depolluting the sea by using nutrients considered pollutants, such as phosphate, nitrate and CO2. The company was founded in 2022 and is accompanied by the Unitec incubator. NeoEarth plans to move into a new laboratory in Canéjan (Gironde), acquire equipment and recruit staff to accelerate commercialization of its strains. It aims to scale projects with industrial partners across cosmetics, energy and agri‑food sectors. The article reports this as the startup’s second fundraising round (after an initial raise in July 2024). Current financial detail disclosed in the article is the new €1.025M raise.

  • Dryad Networks

    Led · Equity · Oct 2024

    Dryad Networks builds Silvanet, a solar-powered, AI-driven IoT sensor network for ultra-early wildfire detection and forest health monitoring. Silvanet is deployed in over twenty countries and the company has shipped 20,000 sensors to date. Dryad is developing Florian, an autonomous drone-based wildfire suppression system that would use technologies such as acoustic waves and a permanently stationed drone fleet for rapid response. Florian is a finalist in the XPRIZE Wildfire Competition. The company says new funding will allow it to scale Silvanet deployments and accelerate Florian’s development. Recent capital injections include grant and convertible financing proceeds to support product development and strategic partnerships. Dryad Networks builds a proprietary wildfire detection solution that combines solar-powered infrastructure with AI-enabled gas sensors placed across forested areas. Its core product, Silvanet, is deployed in more than twenty countries across North America, Europe and Asia. The company has shipped 30,000 sensors to date. Dryad intends to use newly raised capital to accelerate development and wider deployment of its detection technology. The company is led by CEO Carsten Brinkschulte and is based in Berlin, Germany. The announcement cites an initial closing of convertible financing as a validation of the company’s market position and potential. Dryad Networks builds Silvanet, a large-scale environmental IoT network that uses gas sensors trained to detect smoke and alert during the smoldering phase of fires. Its wireless sensor solution can operate in remote regions and uses IoT technology to extend mobile coverage, enabling alerts within minutes to give first responders critical time. The system is already deployed with public and private clients in Europe, South America and the US. Dryad aims to deploy 120 million sensors by 2030 and to prevent roughly 3.9–4.0 million hectares of forest from burning, avoiding an estimated 1.7 billion tonnes of CO2 emissions. TELUS Pollinator Fund for Good has made an equity investment into Dryad as part of its Series A, and the funding will support scaling deployments into the US and Canada. By improving reaction times and ultra-early detection, Dryad positions itself to reduce wildfire-related economic losses, biodiversity impacts and emissions. Dryad is a Berlin-based environmental IoT startup led by CEO Carsten Brinkschulte. It provides solar-powered environmental sensor networks and an end-to-end Silvanet® system for ultra-early wildfire detection and forest monitoring. Silvanet combines low-cost sensors, solar-powered LoRa-based mesh networking infrastructure and a cloud analytics platform to monitor, analyse and protect large, remote forests for public and private forest owners. The company spent more than two years developing the system. Dryad raised €10.5M in a Series A round led by eCAPITAL with participation from Toba Capital, Semtech and TIME Ventures. It intends to use the funds to scale its team and accelerate its go-to-market strategy around the world. Dryad Networks develops Silvanet, a large-scale IoT network that uses a mesh of gas sensors for ultra-early detection of wildfires (detection in under 60 minutes). The company is focused on enabling public and private forest owners to monitor, analyze and protect remote forests. It tested a minimum viable product in a German forest and has secured ten letters of intent from forest owners in Germany and Africa. Dryad will use the new funding to accelerate product development across R&D, testing and market introduction. The firm expects to begin two proof-of-concept deployments in Germany and Africa by summer 2021. The team is led by CEO and co-founder Carsten Brinkschulte.

Team