Fund profile / Germany

AENU Fund I

Geography
Germany
Stage
Pre-Seed
Fund size
€170M
Focus
AI/ML and Climate & Sustainability
Signals
Published
Share
N°01 / About

About AENU Fund I

AENU Fund I is a venture capital firm based in Germany, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionGermany
Funding StagePre-Seed
Industry Focus
AI/ML
Climate & Sustainability

Investor Signals Profile

active

Sweet Spot

Seed-stage EU climate/geothermal/heat founder, DACH-focused

climate tech
energy & decarbonization
DACH/EU seed
hardware + software + AI
impact-first
industrial decarbonisation
climate AI
impact investing
founder wellness
deep geothermal heat

Bullish Signals

€400M+ deployed, top-quartile returnsexternal
Founders behind €2B+ companiesexternal
B Corp certified, systemic impact frameworkexternal
12+ portfolio cos incl. Monta, Fortoexternal
190+ attendees at 4th Annual Summitlinkedin
Portfolio: Plume (YC S24), Epyr, re.solutionlinkedin
Active LP & founder community engagementlinkedin
Portfolio: feld.energy added to rosterlinkedin
Northvolt founder keynoted — high-calibre networklinkedin
Hands-on: founder sales workshop in-portfoliolinkedin
4 portfolio founders presented back-to-backlinkedin
Cross-ecosystem: LPs, founders, builders convenedlinkedin
Soho House Berlin — premium community venuelinkedin
38 impact startups, 20 investors matched 1:1slinkedin
Reverse-pitch format: investors pitched to founderslinkedin
Match for Impact event in Potsdam successfullinkedin
Open DMs for impact founders seeking capitallinkedin
CanChip founder mentored on fundraising resiliencelinkedin
Founders Reset 2nd edition: Munich + partner co-hostlinkedin
Founder wellness & peer support core programminglinkedin
Repeat mentors (Lucia) show trust & impactlinkedin
GP Philip hands-on in founder community eventslinkedin
GPs Siobhan & Fabian host intimate investor dinnerslinkedin
30-person Amsterdam canal house dinner; active communitylinkedin
Elena hosts investor-founder convenings across EU citieslinkedin
Deep geothermal heat: 150+ projects mapped in Germanylinkedin
Next-gen geothermal raised $2.2B in 2025 (+80% YoY)linkedin
50+ deep geothermal companies mapped; market-leading researchlinkedin
Meta, Google contracted geothermal; mega-trend validationlinkedin
Germany targets 10 TWh deep geothermal by 2030linkedin

Contrarian Signals

Narrow geo focus: Europe onlyexternal
Board seat always requiredexternal
Summit biennial — next in 2027linkedin
EU hard-rock drilling: slower permitting than US shalelinkedin

Founder Do's

Build disruptive climate/energy solutions
Target European markets esp. DACH & Nordics
Embed impact into core business model
Seek lead/co-lead with board seat
Show founder-market fit clearly
Pitch to AENU directly — DMs open
Invest in personal wellbeing & peer networks
Network at AENU dinners & events
Deep geothermal: focus on hard-rock drilling speeds & costs

Founder Don'ts

Bolt-on impact narrative — must be core
Seek passive/no-board-seat investor
Outside energy/industrial/resilience verticals
Neglect founder mental health & burnout risk

68 signals on AENU Fund I

30 bullish · 4 contrarian · 9 pitch do's · 4 don'ts · 21 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€170M
Saves1
People

Key People

Fabian Heilemann

RobertPartner
ElenaVP Impact & Platform
SethPartner/Advisor
MichelleImpact & ESG Associate
PhilipGeneral Partner
SiobhanGeneral Partner
Dr. FabianGeneral Partner
LeoResearch/Analyst
Cody SimmsGuest/Partner (MCJ)
Peter CarlssonGuest Speaker
SiddharthGuest Speaker
Adrian (Merantix)Guest Speaker
SteffenGuest Speaker
EdouardPortfolio Founder
Adrian (feld.energy)Portfolio Founder
AmreiPortfolio Founder
BastienPortfolio Founder
Ghazaleh MadaniGuest Speaker
Lucia HegenbartovaGuest Speaker
Xaver LehmannGuest Speaker
Thomas Lambaa GiehmGuest Contributor
Backers

Known LPs

KfW CapitalPublic / State institution
N°04 / See also

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