ABACON CAPITAL is a family-owned investment firm focused on Sustainable Energy Transition, New Age Mobility, Deep Tech, and Real Estate. The firm's investment platform operates across all stages in public and private markets.

ABACON CAPITAL

ABACON CAPITAL is a family-owned investment firm focussed on Sustainable Energy Transition, New Age Mobility, Deep Tech, and Real Estate. Over decades, our investment platform has expanded across all stages in public and private markets. We believe in co-elevating people, purpose, and profit for a prosperous society and planet.

ChargePoint

Mister Spex

Palantir Technologies

HomeToGo

UiPath

We are thrilled to announce a significant milestone for our portfolio companies, Entrix and Enpal.

Flexa, a joint venture between Enpal and Entrix, has been formed to enable the construction of Europe’s largest virtual power plant as a flagship project for the energy transition. This collaboration aims to integrate Enpal’s renewable energy systems - encompassing PV systems, home storages, heat pumps, and EV wallboxes - with Entrix’s AI-based optimization technology.

Flexa intends to market a capacity of hundreds of thousands of homes equaling several gigawatts of electricity in a few years and thus contribute to more favorable electricity prices and a more sustainable energy supply.

➡  The joint venture is a testament to ABACON’s mission and conviction of co-elevating people, purpose, and profit for a prosperous society and planet.

Read the full story in the FAZ print edition and on various online formats. Links in the comments

The European Dynamism 50 - Advancing European Sovereignty

Europe is witnessing a powerful movement towards enhancing its sovereignty, driven by the pressing challenges of the current geopolitical landscape and the need for revitalized growth. This call to action has resonated deeply with entrepreneurs.

Amidst this wave, Kyle O'Brien has spotlighted 50 European startups at the forefront of driving dynamism across the continent. Among those great companies, We are thrilled to see that we are invested and therefore support 12 of the 50 companies through our direct and VC fund investments. In Germany, the numbers are even more stark, with relationships to 9 of the 14 companies featured - a testament to our commitment to the ecosystem.

The journey towards #European #Dynamism is inclusive, necessitating robust support and collaboration, particularly also with our allies across the atlantic

Vsquared Ventures
Lakestar
First Momentum Ventures
Possible Ventures
Daedalus
constellr
CustomCells 
IQM Quantum Computers
Isar Aerospace
VÆRIDION
Black Semiconductor
Micropsi Industries
cylib

Find the link to the full report in the comments.

ABACON joins forces with KKR and Viessmann to form Encavis AG into a new renewable energy champion

"In our view, Encavis is a growth platform with great potential. Therefore, we want to capitalize on the strong tailwind. This requires strong partners - which we have now found. The investor group led by ABACON therefore supports the offer and welcomes KKR and Viessmann. We remain invested in Encavis and look forward to actively working together in the future," says Tobias Krauss, CEO of ABACON CAPITAL.

Persuaded by the company's potential, ABACON has decided to seek strong partners for this growth story and, together with them, to delist the company. With KKR and Viessmann we have found the right partners. It was essential for us that the partners contribute more than just financial resources and follow the purpose of decarbonization, but also provide a platform for growth.

We see full alignment between the three partners and look forward to realizing Encavis' potential together. Together, we are committed to building Encavis into the leading European company in the field of renewable energies.

ABACON will of course remain invested in Encavis and will contribute with our extensive network in the European VC and startup ecosystem. For ABACON, this transaction is a further milestone in its consistent investment strategy, which focuses on the areas of Sustainable Energy Transition, New Age Mobility, Deep Tech, and Real Estate.

We are delighted to announce that, as a pivotal element of our strategic realignment and consequent portfolio optimization, we have successfully divested our equity holdings in AXXUM  GmbH to the existing shareholder consortium.

In tandem with this transaction, our CEO, Tobias Krauss, will step down from his role on the advisory board.

We sincerely thank the remaining shareholders, members of the advisory board, and all dedicated Axxum team members for their past collaborative efforts. We wish all stakeholders continued prosperity and success in the future.

CustomCells expands to the US 🇺🇸 Energy at its best 🔋 

Last week, alongside celebrating a landmark deal in ABACON's history, we proudly spotlight the significant achievement of another portfolio company - CustomCells, a leader in customer-centric premium battery technology. The company has announced its entry into the United States with a new subsidiary and operational base in #Detroit, marking a pivotal step in its journey to redefine battery technology on a global scale.

This expansion reflects CustomCells' ambition and ABACON's commitment to investments that drive global decarbonization while delivering societal benefits through the co-elevation of people, purpose, and profit. We are confident this move will accelerate CustomCells’ growth and enable the team to respond to local customer inquiries even faster.

We congratulate Dr. Dirk Abendroth, Dr. Christoph Falk, Dr. Amir Ghoreishi, and their teams for steering this significant venture. Your leadership and foresight are instrumental in the mission and ambition of CustomCells.

Porsche Ventures - Vsquared Ventures - World Fund - 468 Capital, PRIMEPULSE

ABACON CAPITAL is elated to share a landmark achievement of our portfolio company, Daedalus. The team has secured a $21M Series A investment, spearheaded by NGP Capital, with Addition and Khosla Ventures playing pivotal roles. This investment marks a significant leap in Daedalus's mission to redefine precision manufacturing through an AI-centric strategy.

Guided by the visionary expertise of Jonas Schneider, a former Technical Lead at OpenAI, Daedalus stands at the forefront of industrial innovation. They are pioneering the development of the world's inaugural autonomous and modular factories. This innovation is set to transform the manufacturing landscape, offering unmatched efficiency in producing custom precision components essential across several critical sectors, including semiconductors, energy, mobility, and pharmaceuticals.

In the words of Jonas: "Imagine factories that possess the collective knowledge and expertise of all engineers and machinists who have ever worked in them, and can produce the most challenging parts with superhuman reliability and 10x efficiency. Daedalus is already making that vision real by revolutionizing how we build everything from microchips to critical medical components—unleashing the potential of numerous industries with our AI-powered factories that forge bespoke parts on demand. Today's funding will enable us to grow our production capacity to meet customer demand while investing in product development and hiring"

Join the team and their amazing German seed investors as First Momentum Ventures (Andreas Fischer and Sebastian Boehmer) or LEA Partners in celebrating this leap toward the future of manufacturing.

https://lnkd.in/etY5gZss



#ai #manufacturing #seriesA #sovereignty #supplychain

Euro

CrUX Dataset

CrUX Top 50m

Sven Rossmann

Chief Investment Officer - Venture Capital & Startups

Tobias Krauss

CEO & Head of the Büll Family Office

Palantir Technologies is a software company that develops data analytics and data integration software solutions.

UiPath is a software company that develops robotic process automation and artificial intelligence software.

ChargePoint is an electric vehicle (EV) charging network that offers charging solutions for both commercial businesses and consumers.

HomeToGo is a marketplace with the world's largest selection of vacation rentals

Mister Spex is an online store that sells various brands of glasses and contact lenses.

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ABACON CAPITAL is a family-owned investment firm focused on Sustainable Energy Transition, New Age Mobility, Deep Tech, and Real Estate. Over decades, our investment platform has expanded across all stages in public and private markets. We believe in co-elevating people, purpose, and profit for a prosperous society and planet.

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