Belgium-based Junction Growth Investors has closed its first fund at €115 million, surpassing its €100 million target despite a challenging funding landscape.
The fund will focus on scaling European SMEs and scale-ups that drive the energy transition, providing growth capital of up to €15 million per deal.
Backing Europe’s Clean Energy Shift
Junction Growth Investors was founded in 2022 by industry veterans, including:
- Bruno Vanderschueren (ex-Lampiris)
- Pieter-Jan Mermans (ex-REstore)
- Dirk Dewals (ex-Gimv)
- Vincent Gregoir (ex-Inven Capital)
The fund has secured backing from major institutional investors and family offices, including:
- European Investment Fund (EIF)
- BNP Paribas Fortis Private Equity
- PMV
- Belgian Growth Fund
- Keeling Capital, a global climate tech investment firm
Ross Madden, Partner at Keeling Capital, emphasized Junction’s potential:
“Their hands-on approach and deep expertise in energy businesses will enable their portfolio companies to build some of the most scalable, asset-light climate solutions in Europe.”accounts, allowing users to receive payments, manage multi-currency wallets, and convert funds seamlessly.
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Portfolio Focus: Clean Energy and Grid Innovation
Junction Growth Investors targets sectors including:
- Grid-enhancing technologies
- Sustainable buildings
- Industrial decarbonization
- Home energy management systems
- B2B clean energy solutions
Since its launch, the fund has invested in seven companies, including:
- Ampacimon (Belgium) – Grid-enhancing technology with 50% of its order book in the U.S.
- Eneida (Portugal) – Low-cost grid expansion solutions for renewable energy.
- Eturnity (Switzerland) – SaaS for renewable energy installers and manufacturers.
- EET (Austria) – Plug-in battery solutions for renters and apartment owners.
- Hysopt (Belgium) – HVAC system optimization for commercial buildings.
- Haulogy (Belgium) – Energy management software for distribution system operators (DSOs).
- Solora (Belgium & France) – Large-scale solar and battery storage installer (majority-owned by Junction after a buyout with BNP Paribas Fortis).
Electrification as a Driving Force
Dirk Dewals, Managing Partner at Junction Growth Investors, highlighted the broader impact:
“The energy transition is not just about combating climate change. It’s also a strategic opportunity for Europe to reduce reliance on geopolitically sensitive carbon fuels and build global technology leaders.”
Junction Growth Investors is actively seeking enablers of electrification, particularly in the B2B sector, as part of its long-term vision.
Looking Ahead
With its €115 million fund, Junction Growth Investors is positioned to accelerate the energy transition in Europe, supporting companies that deliver scalable, cost-effective, and sustainable solutions for a decarbonized future.
