S

Santander InnoEnergy

VC Firm·Madrid, Spain·TBD (part of broader EUR 140M EIT InnoEnergy round)

Santander InnoEnergy Climate Fund is a joint venture capital vehicle launched in 2022 by Santander Asset Management and EIT InnoEnergy, Europe's leading sustainable energy innovation engine. The fund provides private banking and institutional investors access to early stage European climate tech companies addressing the energy trilemma of affordability, availability, and sustainability. Investees are primarily drawn from EIT InnoEnergy's portfolio of over 200 companies. In 2023, Santander CIB deepened the partnership by acquiring a stake in EIT InnoEnergy as part of a EUR 140 million round.

Focus Areas

Climate TechRenewable EnergyEnergy StorageCircular EconomyHydrogenSmart BuildingsTransport/Mobility
Visit website

Portfolio

1 company in our directory

IONATE logo

IONATE

Hiring
Energy·Series A

IONATE was founded in 2019 by Matthew Williams, Robert Ricci, and Luca Mezossy-Dona to modernise century-old power infrastructure through intelligent hardware and software. Williams brings 15 years of experience as an electrical and control engineer, having previously founded The Faraday Grid. The company's flagship product is the Hybrid Intelligent Transformer (HIT), a solid-state transformer providing precision power flow control up to 36 kV, paired with the Aurora Neuralis distributed control software for system-level optimisation. IONATE was named a front-runner in hybrid transformers by Cleantech Group's 2026 Global Cleantech 100 and featured in the IEA's 2026 State of Energy Innovation Report. The company closed a £3.3M seed round in 2022 led by IQ Capital, followed by a $17M Series A in February 2025 led by AlbionVC with participation from IQT and strategic investors.