- Junction Growth Investors closes €115M fund, exceeding its €100M target to finance climate tech scaleups and SMEs in Europe.
- Backed by major investors, including Keeling Capital, BNP Paribas Fortis Private Equity, and the European Investment Fund.
- Focus on energy transition solutions, funding companies in grid enhancement, sustainable buildings, and industrial decarbonization.
Belgium-based Junction Growth Investors announced the successful closing of its first fund at €115M, surpassing its initial goal despite market challenges. The fund targets growth and buyout capital for European climate tech scaleups and SMEs, a sector still underfunded but crucial for accelerating the energy transition.
“Climate change continues to advance, leaving tangible impacts on societies and personal wealth. However, the energy transition is not solely about combating climate change,” said Dirk Dewals, Managing Partner at Junction Growth Investors. “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.“
Who’s Backing the Fund?
The fund has secured support from key institutional investors, including:
- Keeling Capital, a global climate tech investment firm.
- BNP Paribas Fortis Private Equity.
- European Investment Fund (EIF), PMV, and Belgian Growth Fund.
- Major family offices, including stakeholders from AB InBev and Umicore.
Related Article: Junction Growth Investors Raises €75 Million in First Close of Energy Fund
“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,” said Ross Madden, Partner at Keeling Capital.
Investments Driving the Energy Transition
Junction Growth Investors has already deployed capital across seven investments, spanning key sectors such as:
- Grid-enhancing technologies (Ampacimon, Eneida) for scalable renewable energy adoption.
- Sustainable buildings (Hysopt) optimizing energy efficiency in commercial and industrial real estate.
- B2B installers and storage solutions (Eturnity, EET, Solora) supporting solar and battery adoption.
- Software solutions for DSOs and energy utilities (Haulogy), enabling digital transformation in energy distribution.
Stephan Heberer, CEO of Ampacimon, highlighted the fund’s impact: “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.”
With its hands-on investment approach, Junction Growth Investors is positioning itself as a key enabler in Europe’s transition to a sustainable energy future.
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