Warsaw Equity Group has announced an investment agreement with German Vireo Ventures, an early-stage investor focusing on European B2B startups. The deal is WEG’s last investment in a VC fund. The deal amount was left undisclosed.
- Vireo Ventures, the Berlin-based early-stage investor focusing on European B2B startups that tackle solutions for an electrified and decarbonized world in the areas of energy supply, mobility, cities and buildings, logistics and industry.
- Vireo’s current portfolio includes About:Energy, the creator of a battery intelligence platform, and Atmen, a software solution for the hydrogen economy to certify supply chains.
We’re thrilled about WEG’s investment in our fund and are looking forward to fruitful collaborations. With the WEG team’s invaluable expertise and extensive networks in CEE, we anticipate exciting investment opportunities that will help propel the electrification and decarbonization of the energy landscape,
Felix Krause, Partner at Vireo Ventures, commented on the fresh investment.
- WEG is an independent Warsaw-based private equity firm focused on market investments of up to €10 million, targeting companies offering innovative B2B solutions in the high-tech/Industry 4.0 and cleantech space. The company claims that Vireo’s investment thesis aligns well with its own focus on climate tech solutions.
The investment also marks WEG’s final investment in a VC fund. In November 2023, the firm announced its joint exit with TS Ventures from Piwik PRO, a Wroclaw-based web analytics company. Now, the company aims to strengthen the existing relationships.
