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§ Venture Capital · Sao Paulo, Brazil
Corporate venture capital arm investing in early-stage cleantech and clean energy technology startups at Series A and B.
Based in Lisbon, Portugal, EDP Ventures operates as the corporate venture capital arm of EDP Group, investing in early-stage clean energy technology startups. The firm targets Series A and B funding rounds, providing between €1 million and €10 million per deal directly off its parent company's balance sheet. With a 12-person investment team, the organization manages a portfolio of 39 active companies across global markets including the United States, Israel, and Singapore. Partner Frederico Gonçalves helps lead the fund's strategy, which aims to deploy up to €150 million by 2026 into sectors like renewable energy, geothermal, and ocean-based carbon removal. The firm actively fosters joint projects between its portfolio startups and EDP Group business units, generating an average of €2 in commercial contracts for every €1 invested. EDP Ventures was officially founded in 2008.
Key people at EDP Ventures.
EDP Ventures is the corporate venture capital arm of EDP Group, a major Portuguese energy company committed to becoming 100% green by 2030. Its mission is to support and stimulate open innovation by investing directly in startups, projects, and funds primarily in the clean energy and climate tech sectors. The firm focuses on startups that develop technologies to advance renewable energy, grid digitalization, and energy efficiency, such as AI-driven solutions to optimize transmission capacity. By doing so, EDP Ventures plays a strategic role in accelerating the energy transition and fostering innovation within the startup ecosystem related to sustainable energy[1][4].
Founded in 2008 as part of the EDP Group, EDP Ventures was created to leverage venture capital as a tool to drive innovation aligned with EDP’s sustainability goals. The firm has evolved to become a key player in clean tech investments, expanding its reach beyond Portugal to Europe, the US, and Brazil. It partners with innovation specialists and runs global accelerator programs to open its operations to startups worldwide, enabling them to pilot and scale their technologies in real energy markets[1][4][5].
EDP Ventures rides the global trend toward energy transition and sustainability, capitalizing on increasing regulatory and market pressures to decarbonize energy systems. The timing is critical as utilities worldwide seek digital and clean technologies to meet climate goals and improve grid resilience. By investing in startups that enable renewable energy integration and grid digitalization, EDP Ventures influences the broader ecosystem by accelerating innovation adoption, reducing carbon footprints, and fostering new business models in energy. Its role as a corporate venture capital fund bridges the gap between startups and large utilities, facilitating technology validation and scaling[1][4].
Looking ahead, EDP Ventures is poised to deepen its impact by continuing to back cutting-edge clean energy startups, especially those leveraging AI, digitalization, and advanced materials. As the energy transition accelerates globally, the firm’s strategic position within a major utility will allow it to influence market trends and regulatory frameworks. Future trends shaping its journey include the rise of decentralized energy resources, smart grids, and climate resilience technologies. EDP Ventures’ influence is likely to grow as it helps shape the next generation of sustainable energy solutions, reinforcing its dual role as investor and innovation enabler within the energy sector[1][4].
Key people at EDP Ventures.
EDP Ventures has 24 tracked investments across 18 companies. The latest tracked deal is $3.5M Seed Extension in Delfos Energy in March 2026.
