Rockstart, one of Europe’s first accelerators, launches its second Fund of € 21m to invest in energy startups.
The Rockstart Energy Fund aims to invest in energy startups in Europe with a primary focus in the Netherlands. The Energy fund is the second fund launched by Rockstart after the 2019 launch of the Rockstart Agrifood Fund.
Rockstart has been active in the Energy domain since 2014. The company has a 75% follow-on funding rate from its latest Energy accelerator, with €5.2m raised by portfolio companies within 1.5 years.
The Rockstart Energy Fund is launched with the participation of an institutional investor, family offices, and business angels.
The main investors in the fund are the Dutch pension fund ABP, De Hoge Dennen Capital, investment companies and several prominent angel investors from The Netherlands and Germany. The fund is supported by the seed capital scheme from the Netherlands Enterprise Agency (RVO).