AENU (formerly Pirate Impact Capital) is a Berlin-based climate tech venture capital fund that invests in early-stage European companies focused on the energy transition, industrial decarbonization, and systemic resilience. The firm was originally established as a family office by brothers Fabian and Ferry Heilemann and rebranded to AENU in 2022 as an evergreen impact fund.
50% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (5 deals in the last 12 months vs 8 prior). Average disclosed round size is $26.6M (across 18 rounds with reported amounts).
Portfolio
31
Fund Size
$170M
Top Stage
Series A
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
42 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 EPYR | Series A | — | Oct 2026 |
 Metris Energy | Seed | $5M | Sep 2026 |
 Galvany | Seed | — | Jun 2026 |
 Entrix | Series B | $46.6M | Mar 2026 |
| Entrix | Growth | — | Mar 2026 |
 Equitable Earth | Series A | — | Jan 2026 |
| SScyAI | Pre-Seed | $2.4M | Jan 2026 |
 Feld Energy | Seed | $10.8M | Sep 2025 |
 LGND AI | Seed | $9M | Jul 2025 |
 Trawa | Series A | — | May 2025 |
 Monta | Series B | — | May 2025 |
 Beagle | Seed | — | Apr 2025 |
| EPYR | Pre-Seed | — | Feb 2025 |
| EPYR | Pre-Seed | — | Jan 2025 |
| BBeagle Systems | Seed | — | Jan 2025 |
 Plume | Series A | $20M | Dec 2024 |
 Voltfang | Series A | — | Oct 2024 |
 Alcemy | Unknown | — | Jul 2024 |
| Trawa | Seed | $10.8M | May 2024 |
 Ember | Series A | $27M | Mar 2024 |
 Ember | Series A | $13.9M | Mar 2024 |
| Voltfang | Seed | — | May 2023 |
 Agreena | Series B | — | Mar 2023 |
 Edurino | Series A | — | Mar 2023 |
 Airly | Series A | $5.5M | Nov 2022 |
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Top Co-Investors
Inven Capital5 shared
Daphni5 shared
PropTech14 shared
Energy Impact Partners3 shared
FJ Labs3 shared
Aurum Impact3 shared
Norrsken VC3 shared
Speedinvest3 shared
Balderton Capital3 shared
Headline3 shared
WEPA Ventures3 shared
BNP Paribas2 shared
Union Square Ventures2 shared
HAX2 shared
noa2 shared
Phoenix Court Group2 shared
Halogen Ventures2 shared
Magnetic2 shared
HV Capital2 shared
Last updated: 20 October 2026