Open Funding

Ignitis Group is seeking to become a partner of developers of new technologies related to the energy sector. Therefore, Ignitis group helps startups by providing early-stage investment or allowing to participate in the startup acceleration program.

Early-Stage Investments

Ignitis Group launched the first corporate venture capital (CVC) fund in the Baltics in 2017. The “Smart Energy Fund powered by Ignitis Group” is managed by Contrarian Ventures. It has seven partners from three different countries. The fund’s partners have more than 45 years of combined VC experience and have invested in more than 70 startups. The fund seeks to identify the best startups in the energy sector that are looking for pre-seed or seed investment.

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Areas of interest to the fund include:

  • Distributed generation
  • Smart grid technology
  • Demand-side response
  • Big data and analytics
  • Energy storage solutions
  • E-vehicle infrastructure
  • Smart homes
  • E-services for customer support
  • Virtual power plants
  • Energy efficiency

Startup Acceleration Programme

Ignitis group has launched a dedicated energy acceleration programme known as EnergyOne. Its organizer is AcceleratorOne, which is run by Contrarian Ventures. The programme consists of tailored advice along with access to mentors, networks, infrastructure and data, where relevant and possible, from Ignitis group and internationally. The acceleration programme’s areas of interest are the same as those of the fund. Interested startups can join the programme either on a stand-alone basis or in conjunction with a pre-seed investment.

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Benefits for startups

Startups and technology companies can benefit from collaborating with Ignitis Group in multiple ways:

Pre-seed and / or seed funding to kick-start growth

Access to more than 4,000 employees of Ignitis group who are able to provide expertise throughout the energy sector value chain

Access to over 1.6 million customers of Ignitis Group in the Baltics and Poland

Access to infrastructure for testing, piloting and growth

Access to Ignitis Group as a large client and pilot customer for testing and feedback

Access to an international network of mentors, successful entrepreneurs, advisors and potential
business partners via Contrarian Ventures, which runs the “Smart Energy Fund powered by Ignitis Group” as well as AcceleratorOne

For any questions, please contact us via email