Warsaw-based Montis VC has secured the first €50 million of its new fund to invest in early-stage startups across Europe, focusing on energy, industrial innovation, and artificial intelligence. The move, announced in March 2026, is relevant as it strengthens funding for companies driving the region’s technological and energy transition.
European venture capital firm Montis VC has completed the first closing of its new fund, reaching €50 million to support early-stage startups working at the intersection of energy, industry, and AI. According to information reported by Vestbee, the fund aims to accelerate innovation in sectors critical to Europe’s economic transformation.
Founded in 2019 by Łukasz Dziekoński, Wojciech Szwankowski, and Michał Gawęda, Montis VC has positioned itself as a key player in backing startups focused on energy efficiency, industrial transition, and scalable technologies powered by artificial intelligence.
The new fund will target 20 to 25 startups, with initial investments ranging between €500,000 and €2 million. Notably, around 50% of the capital is reserved for follow-on rounds, allowing the firm to continue supporting high-performing companies as they grow.
Focus on AI and energy transition
Montis VC is placing a strong emphasis on startups that combine technology with energy innovation, reflecting broader trends across Europe. The region is increasingly prioritizing sustainability, resilience, and digital transformation, areas where AI is expected to play a central role.
“We invest in founders who want to build the future of the European economy through technology and energy efficiency,” said Michał Gawęda, Partner at Montis VC. “We are particularly focused on areas such as the energy and industrial transition, where artificial intelligence can become a powerful driver of innovation and global scale.”
The firm’s strategy aligns with Europe’s push to reduce dependency on traditional energy sources while boosting industrial competitiveness through advanced technologies.
Backing from major institutions
The fund is supported by a mix of institutional and private investors. Among them are the European Investment Fund (EIF) through the REPowerEU programme and the Polish Development Fund (PFR) via PFR Ventures, which contributed €10 million.
In addition, family offices and private investors from Central and Eastern Europe are participating, reinforcing regional confidence in the fund’s long-term vision.
“The €50 million first close is only a starting point. Over the coming months we plan to continue scaling the fund and are already in advanced discussions with additional investors,” said Łukasz Dziekoński, Partner at Montis VC.
Track record and portfolio growth
Montis VC has already built a portfolio of startups showing strong growth. Among its notable investments are Micromobility Port, Fresh Inset, and Autofixer, the latter reaching more than €30 million in annual revenue within three years.
This track record supports the firm’s ambition to identify and scale startups capable of becoming key players in Europe’s innovation ecosystem.
A growing role for venture capital in Europe
The launch of this fund reflects a broader trend: venture capital is becoming increasingly important in financing early-stage innovation across Europe, particularly in sectors tied to climate, energy, and AI.
By targeting companies that address structural challenges in energy and industry, Montis VC is positioning itself at the center of a transformation that could define the next decade of European growth.
