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VC FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 9 SOURCES

AENU

Also known as AENU Management GmbH, AENU Advisor GmbH, AENU Fund SCA SICAV-RAIF, AENU I, AENU Fund II

Berlin Article 9 climate tech VC founded in 2022; first fund closed at €170m (2024). Seed-focused, €1–5m initial tickets in energy transition and industrial decarbonisation.

HEADQUARTERS
Berlin, Germany
FOUNDED
2022
AUM
€170M (2024)
OUTSIDE CAPITAL
Yes
TEAM LISTED
15 people

FOCUS

STAGES
Pre-SeedSeedSeries A
SECTORS
Climate & EnergyIndustrial & ManufacturingArtificial IntelligenceSoftware & SaaSDeep Tech
ASSET MIX
Venture capitalImpact
GEOGRAPHY
EuropeGermanyFranceUnited KingdomSwedenDenmarkNorwayFinland

WHAT IT IS

VC Fund. A fund manager investing capital raised from limited partners into startups.

ABOUT

AENU is a Berlin early-stage venture capital firm investing in climate technology, started in 2022 by Fabian and Ferry Heilemann with an evergreen structure before switching to a conventional fund in 2023. Its first fund, AENU Fund SCA SICAV-RAIF (Luxembourg, AIFM Hauck & Aufhäuser Fund Services), closed at €170 million in September 2024 with LPs including the EIF, KfW Capital, Bertelsmann and Rentenbank. AENU Management GmbH, Berlin, is registered with BaFin under section 2(4) KAGB and as an EuVECA manager for AENU Fund II. It backs hardware, software and AI-native companies in the energy transition, industrial decarbonisation and systemic resilience, mainly at seed.

INVESTMENT THESIS

Backs disruptive hardware, software and AI-native solutions across energy, industrial decarbonisation and systemic resilience in Europe (focus DACH, France, UK, Nordics); seed sweet spot with selective pre-seed and early Series A; impact must be built into the business model ('Impact Interlock'); prefers to lead or co-lead with a board seat.

PORTFOLIO (41)

TEAM

  • Fabian Heilemann
    Founder & CEO · source
  • Ferry Heilemann
    Founder & General Partner · source
  • Siobhan Brewster
    General Partner · source
  • Philip Specht
    General Partner · source
  • Robert Stoecker
    Partner · source
  • Lawrence Leuschner
    Venture Partner · source
  • Daniel Zakowski
    CFO & Operating Partner · source
  • Elena Harumi Stark
    VP of Platform and Impact · source
  • Melusine Bliesener
    Impact Investor · source
  • Leo Allgoewer
    Impact Investor · source
  • Michelle Piontek
    Impact & Platform Associate · source
  • Sebastian Parizek
    EA & Investment Operations Manager · source
  • Catrin Schmidt
    Investor Relations Manager & EA to Founders · source
  • Enzo Cenci
    Finance & Fund Operations Manager · source
  • David Erhun
    Head of Comms & Research · source

LINKS

FAQ

AENU is a VC fund based in Berlin, Germany, founded in 2022.

Yes. AENU invests directly in private companies.

AENU invests at Pre-Seed, Seed and Series A stages in Climate & Energy, Industrial & Manufacturing, Artificial Intelligence, Software & SaaS and Deep Tech.

AENU's stated ticket size is €1M–€5M.

Key people at AENU include Fabian Heilemann (Founder & CEO), Ferry Heilemann (Founder & General Partner), Siobhan Brewster (General Partner) and Philip Specht (General Partner).

AENU's investments include Monta, Trawa, Ember, Entrix, Aris Machina, Voltfang, Hometree and Greenlyte, among others.

The most recent publicly reported investment by AENU is Galvany (Seed (EUR 10m, co-lead with SET Ventures lead)), announced in Jun 2026.

AENU states that it accepts submissions through its official contact page.

Yes. AENU manages capital from outside investors.