Junction funding news – Antwerp-based Junction Growth Investors Close its First Fund at €115 Million

The fund is supported by several large family offices, including some from AB-Inbev and Umicore, as well as well-known tech entrepreneurs like Jan-Willem Rombouts, Gregoire de Streel, and Jean-Guillaume Zurstrassen.

Recently, Keeling Capital, a global investment fund focused on climate technology, also joined the funding. Other investors include major institutions like the European Investment Fund (EIF), BNP Paribas Fortis Private Equity, PMV, and the Belgian Growth Fund. The fund received support from Argo Law and Private CFO advisory.

Dirk Dewals, Managing Partner at Junction said: “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. We firmly believe that electrification, particularly in the B2B sector, will play a crucial role in driving this shift, and we are actively seeking enablers to accelerate this revolution.”

Junction Growth Investors is a long-term, sustainable fund focused on European small and medium-sized businesses (SMEs) and scale-ups that are key to the energy transition.

Read also - Pixel Photonics funding news – Munster-based DeepTech Startup Pixel Photonics Secures €1 Million in Funding

The fund provides capital to help these companies grow, either through minority or majority investments, with individual deals reaching up to €15 million.

Since its launch, the team of eight investment professionals has made seven investments in areas critical to the energy transition, such as technologies that improve the power grid, B2B installers, sustainable buildings, energy management systems, and industrial decarbonization.

Ross Madden, Partner at Keeling Capital said, “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, Their hands-on approach, industry knowledge, and extensive network will enable portfolio companies to build some of the most scalable and commercially successful, asset-light climate solutions in Europe.”

The fund has two international investments: Ampacimon (Belgium) and Eneida (Portugal), which work on technologies that improve the power grid and support the growth of renewable energy.

In addition, the fund has invested in two companies in the DACH region: Eturnity (Switzerland), which offers software to make renewable energy systems more efficient, and EET (Austria), which provides an easy-to-use battery solution for apartments and renters to save on energy bills.

The fund also backs Hysopt (Belgium), a software company that helps optimize energy use in large buildings, and Haulogy (Belgium), which provides software for energy utilities to manage their assets and services.

Lastly, Junction recently bought Solora (Belgium), a company that installs and maintains solar panels and energy storage systems in commercial and industrial settings across the Benelux and France.

Stephan Heberer, CEO of Ampacimon, concludes on a highly synergetic relationship since Junction’s investment: “Junction’s deep industry expertise and extensive network have been instrumental in our latest growth acceleration and global scaling of our solutions. Thanks to their partnership, we successfully attracted Neil Chatterjee, former Chairman of the US Federal Energy Regulatory Commission (FERC), as a board member for Ampacimon. Their involvement has been a game-changer for our company, and we look forward to continued success together.”

About Junction Growth Investors

Junction Growth Investors is a long-term investment fund that focuses on small and medium-sized European companies helping with the shift to cleaner energy.