News

September 11, 2024

Climate tech investor AENU closes fund at €170m — but moves away from evergreen structure

There isn't much appetite for "structural innovation" amongst LPs, found the Berlin-based VC

Freya Pratty

4 min read

Back in 2022, brothers Fabian and Ferry Heilemann launched a VC firm, AENU, to back Europe’s climate tech companies. Unlike the majority of VC firms, it was set to be an evergreen fund, backing companies from seed to IPO.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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