VC Montis raises €50M to back Europe’s energy and industrial tech startups

This article was published on March 20, 2026 The Warsaw-based fund, backed by the European Investment Fund and the Polish Development Fund, plans 20–25 pre-seed and seed investments in companies working on energy transition, industrial automation, and AI. The team behind Warsaw-based Montis Capital has raised €50 million at first close for a new fund, Montis VC, targeting European startups at the intersection of energy transition, industrial technology, and artificial intelligence. The fund is backed by the European Investment Fund through the REPowerEU programme, the EU initiative designed to accelerate energy security and reduce reliance on fossil fuels, as well as the Polish Development Fund (PFR), which contributed €10 million, alongside family offices and private investors from across Central and Eastern Europe. The team has been running Montis Capital since around 2018 out of Warsaw, deploying roughly €30 million into nine companies across industry, technology, and climate sectors. That predecessor portfolio includes Autofixer, an e-commerce platform for auto parts; Fresh Inset, an agri-food technology startup; and Micromobility Port, which the company says has become a leadi