Lietuvos Energija (LE) group is seeking to become a partner of developers of new technologies related to the energy sector. Therefore, LE helps startups by providing early-stage investment or allowing to participate in the startup acceleration program.
Lietuvos Energija launched the first corporate venture capital (CVC) fund in the Baltics in 2017. The “Smart Energy Fund powered by Lietuvos Energija” is managed by Contrarian Ventures. It has seven partners from three different countries. The fund’s partners have more than 45 years of combined VC experience and have invested in more than 70 startups. The fund seeks to identify the best startups in the energy sector that are looking for pre-seed or seed investment.
Learn more at: www.cventures.vc/fund
Areas of interest to the fund include:
Lietuvos Energija has launched a dedicated energy acceleration programme known as EnergyOne. Its organizer is AcceleratorOne, which is run by Contrarian Ventures. The programme consists of tailored advice along with access to mentors, networks, infrastructure and data, where relevant and possible, from LE and internationally. The acceleration programme’s areas of interest are the same as those of the fund. Interested startups can join the programme either on a stand-alone basis or in conjunction with a pre-seed investment.
Learn more at: acceleratorone.co
Startups and technology companies can benefit from collaborating with LE in multiple ways:
Pre-seed and / or seed funding to kick-start growth
Access to more than 4,000 employees of Lietuvos Energija who are able to provide expertise throughout the energy sector value chain
Access to over 1.6 million customers of Lietuvos Energija in the Baltics and Poland
Access to infrastructure for testing, piloting and growth
Access to Lietuvos Energija as a large client and pilot customer for testing and feedback
Access to an international network of mentors, successful entrepreneurs, advisors and potential
business partners via Contrarian Ventures, which runs the “Smart Energy Fund powered by Lietuvos Energija” as well as AcceleratorOne