The Future is in Our Hands

Our investors seek a safer future for their families. By allocating their capital in the renewable energy transition, we aim to contribute to that safer future, one carbon free MW of energy at a time.

Solar Future Fund III


Structured project financing for solar and battery storage installations across commercial and industrial facilities in Portugal and Spain.

We partner with established renewable energy developers implementing solar and battery storage projects with long term contracted revenue frameworks. Whilst the fund employs security structures in its project financing, investment involves risks including potential loss of capital.

01
Project Development Status

Targeting licensed, construction-ready (secured necessary permits and grid connections) or post construction projects. Our selection process emphasizes established developers with proven track records in commercial solar installation.

02
Investment Security Framework

Project investments are structured with multiple protection elements, including equipment collateralization and long-term revenue contracts. Solar installations are implemented using proven technology on commercial and industrial facilities across Portugal and Spain.

03
Revenue Structure

Projects are designed to generate income through three potential revenue streams: power purchase agreements, energy service contracts, and grid sales. Each project's revenue framework is established prior to investment, though returns are not guaranteed and may vary.

04
Risk Management

Focussed on exceptional development partners, executing low complexity business models, using proven technology, targeting predictable revenue. Designed to manage risk, investments remain subject to market, operational, and other risks that could affect returns.

05
Portfolio Strategy

A profitable portfolio of energy assets can be re-financed with new capital partners, or part/fully sold to institutional investors acquiring operational renewable assets. Exit opportunities will depend on market conditions and asset performance at the time of attempted liquidation.

Please refer to the fund documentation for full details of investment terms and risks before making any investment decision. Link.

Fund 3:
Solar (PV) & Battery Energy Storage Systems (BESS)

Status: Open
Targeted Raise: €30M
Subscription Closes: June 2026 
€14.5M

Currently Committed

Solar Future Fund III (SFF) invests in Commercial & Industrial self-consumption and greenfield solar projects across Portugal and Spain, balancing near-term yield with long-term value creation. We focus on larger-scale C&I opportunities with multiple off-takers and institutional backing, while greenfield investments target solar (PV) plus Battery Energy Storage Systems (BESS) projects on strategically located sites with long-term land leases, strong grid access, and low curtailment risk.

Our thesis centers on structural electricity demand growth driven by AI infrastructure and data centers—a shift not yet priced into markets. Rather than betting on specific outcomes, we build adaptable portfolios positioned to capture value across multiple revenue streams as energy markets evolve.

Fund Term: 7 years
Target Annual Dividend: 4% net (post 24 months)
Targeted Performance: 8% net IRR

Fund 2:
Solar Future Fund

Status: Fully invested
€11.05M

Live Capital Deployment

Project Sever

Location: Aveiro, Portugal
Type: Greenfield, co-located solar PV + BESS
Capacity: 11.2 MWp PV + 10 MW storage
Target return: 10% + IRR

Project Vigo

Location: Galicia, Spain
Type: C&I self consumption, rooftop solar + BESS
Capacity: 4.46 MWp PV + 2.65 MWh storage
Terms: 12% IRR, including 8% annual cash coupon from year 2.5 years term

Fund 1:
Technology & Infrastructure Portfolio

Status: Fully Invested
AUM: €10.3M (26 Investors)
Diversified Venture: 40%
US & EU Venture Capital, Seed - Series B
Energy, Healthcare, Space, Fintech, Sustainability
Project Financing: 60%
60% Real Estate & Renewable Infrastructure
Project Financing shovel ready renewable energy assets
Mezzanine Debt facilities for real estate development
Performance Metrics:
Target MOIC: 2.1X
2025 MOIC : 2.6X

Function Health

AI enabled personalised health monitoring, helping humans live 100 healthy years.

Pre - Seed Investment.

Latest Valuation - $150M pre.


6.3 X ROIC

Field Energy

Expediting the clean energy transition in Europe via distributed energy storage.


Series B Investment

Latest Investment - £200M


3.8 X ROIC

Arbor Energy

Home energy advisor that helps you lower your electric bill on an ongoing basis for free.

Seed Investment

Latest Valuation - $66M pre.


2.6 X ROIC

Podium Education

Partners with universities, offering online courses in in-demand tech skills.

Series B Investment

Latest Valuation - $


1.9 X ROIC

Transfr

Building classroom-to-career pathways for workers via hands-on VR training technology.


Series B Investment

Latest Valuation - $320M.


1.9 X ROIC

Impulse Space

In-space transportation.

Series A Investment

Latest Valuation - $450M pre.

1.2 X ROIC

Modern Life

Intuitive technology to help top advisors navigate and place life insurance cases faster and easier. Seed Investment

Latest Valuation -

1.1 X ROIC

Why Tejo Ventures

Unique Value Proposition

  • Portuguese Golden Visa Compliant: Full eligibility under CMVM regulations
  • Proven Track Record: Successfully deployed €22.3M across two funds
  • Professional Management: Experienced team with deep expertise in both venture capital and renewable energy

We are jointly invested in your success and are ready when you are

FAQs

Investing in European residency and citizenship is an exciting step for you and your family. Our team aims to keep it that way.