Junction Growth Raises €115M To Scale Energy Transition

Belgium-based Junction Growth Investors has successfully closed its first fund at €115 million, exceeding its initial target of €100 million despite challenging market conditions. The firm, which focuses on climate tech scaleups and small-to-medium enterprises (SMEs) in Europe, aims to accelerate the energy transition by providing growth and buyout capital to companies developing sustainable solutions.

The successful fundraising highlights the growing interest in energy transition investments, a sector that remains underfunded but is critical for reducing carbon emissions and enhancing energy efficiency. With this fund, Junction Growth Investors seeks to empower companies working on grid enhancements, sustainable buildings, and industrial decarbonization, ensuring that Europe moves toward a more sustainable and independent energy future.

Managing Partner Dirk Dewals emphasized that climate change is no longer just an environmental issue but an economic and geopolitical challenge. He stated, “Climate change continues to advance, leaving tangible impacts on societies and personal wealth. However, the energy transition is not solely about combating climate change. It also presents a pivotal opportunity for Europe to reduce its dependence on geopolitically sensitive carbon fuels and to build a couple of European technology leaders with global reach, such as Ampacimon, which has 50% of its order book in the USA.”

Strong Backing from Institutional Investors

The €115 million fund has received significant backing from key institutional investors and private stakeholders who recognize the potential of climate tech. Keeling Capital, a global climate tech investment firm, is among the lead investors, alongside BNP Paribas Fortis Private Equity, the European Investment Fund (EIF), PMV, and the Belgian Growth Fund. Additionally, major family offices, including stakeholders from multinational corporations like AB InBev and Umicore, have also contributed to the fund.

Ross Madden, Partner at Keeling Capital, praised Junction Growth Investors’ approach, stating, “Junction Growth Investors’ distinctive approach to venture investing and deep domain expertise in building and scaling energy businesses make them an ideal partner as we work to accelerate the growth of innovative climate tech companies.”

Investments Supporting the Energy Transition

Junction Growth Investors has already begun deploying its capital across seven investments, strategically targeting businesses that play a crucial role in Europe’s energy transition. Among its portfolio companies are those involved in:

• Grid-enhancing technologies, such as Ampacimon and Eneida, which help integrate and scale renewable energy more efficiently.

• Sustainable buildings, including Hysopt, which specializes in optimizing energy efficiency in commercial and industrial real estate.

• B2B installers and storage solutions, such as Eturnity, EET, and Solora, which facilitate the adoption of solar power and battery storage systems.

• Software solutions for energy distribution system operators (DSOs) and utilities, with companies like Haulogy providing digital transformation solutions for the energy sector.

One of the fund’s portfolio companies, Ampacimon, has benefited significantly from Junction Growth’s investment. Stephan Heberer, CEO of Ampacimon, noted the impact of the partnership, saying, “Junction’s deep industry expertise and extensive network have been instrumental in our latest growth acceleration and global scaling. Their involvement has been a game-changer for our company.”

Accelerating Europe’s Sustainable Energy Future

Junction Growth Investors is positioning itself as a key player in Europe’s transition to a low-carbon economy. The firm follows a hands-on investment approach, working closely with its portfolio companies to provide strategic guidance, operational expertise, and market expansion opportunities.

The firm’s long-term vision aligns with Europe’s broader climate goals, which include reducing greenhouse gas emissions, increasing energy efficiency, and promoting renewable energy adoption. By focusing on climate tech scaleups and SMEs, Junction Growth aims to bridge the funding gap in the sector, ensuring that innovative companies can develop and scale their technologies effectively.

The fund’s closing at €115 million, surpassing expectations, reflects strong investor confidence in energy transition solutions. With support from institutional investors, private equity firms, and major corporate stakeholders, Junction Growth Investors is well-positioned to drive impactful investments that contribute to a sustainable and resilient energy ecosystem in Europe.