Extantia has invested €5 million in Bees & Bears, a Berlin-based climate fintech aimed at simplifying renewable energy financing to support the energy transition.

Target Information

Bees & Bears, a climate fintech based in Berlin, has recently secured a €5 million seed investment from Extantia alongside Contrarian Ventures. Founded in 2023, this innovative company is dedicated to democratizing access to renewable energy financing. Having successfully completed a €2 million pre-seed round in 2024 and establishing a significant €500 million financing framework with a listed European bank, Bees & Bears is positioned to finance up to 25,000 solar systems, heat pumps, and battery storage units over the upcoming two years.

Industry Overview in Germany

Germany is a frontrunner in the renewable energy sector, driven by strong governmental support and a growing societal emphasis on sustainability. The country's ambitious energy transition, dubbed the 'Energiewende,' aims to reduce greenhouse gas emissions and increase the proportion of renewable sources in the energy mix. As Germany progresses, the renewable energy industry is expected to attract significant investment, focusing on technologies like solar panels, battery storage, and heat pumps.

Despite these advancements, the industry faces challenges, particularly concerning capital expenditure (capex) associated with new technologies. Many potential customers, including homeowners and small businesses, often hesitate to i