The aviation fuel suppliers industry in DACH plays a crucial role in supporting air travel and logistics across Europe. Companies within this sector range from major refined product producers to innovative startups focused on sustainable fuel solutions. Traditional aviation fuel options are increasingly supplemented by clean energy alternatives, signaling a shift toward sustainability in aviation. Recently, rising fuel demand, combined with a growing emphasis on carbon neutrality, has prompted many investors to explore more environmentally friendly fuel technologies. This transition reflects a broader movement within the industry aiming for a cleaner, more efficient future in air travel.


This article profiles 14 prominent investors in the aviation fuel suppliers sector in DACH, highlighting the mix of corporate, venture capital, and private equity firms. Predominantly located in Berlin, Munich, and Geneva, these investors vary in size from small firms to large corporations with global reach. Founded between the late 20th century and present day, they have collectively made notable investments in 2024, with deal counts ranging from one to eighteen. This reflects active interest in the evolving energy market and sustainable aviation fuel options.


Top 14 Aviation Fuel Suppliers Investors in DACH


1. Glencore

  • Website: glencore.com
  • Type: Corporate
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1978
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: glencore

Glencore plc is a multinational commodity trading and mining company based in Baar, Zug, Switzerland, founded in 1978. The company operates across various sectors, including metals, minerals, and energy, supplying essential commodities such as copper, cobalt, and oil to businesses worldwide. Notably, Glencore South Africa Oil Investments acquired a 75% stake in Astron Energy in South Africa and 100% of Astron Botswana from Chevron South Africa in 2019. This acquisition enhances Glencore's footprint in the oil sector, which includes the supply of aviation fuel. Additionally, Glencore has been involved in various significant transactions, such as raising funds for Tullow Oil and participating in equity deals with Rosneft and FREYR, showcasing its active role in the energy and commodities markets. Glencore is committed to responsible sourcing and sustainability in its operations, further emphasizing its relevance in the energy supply chain.


2. Gunvor Group

  • Website: gunvorgroup.com
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 2000
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: gunvor-group-ltd

Gunvor Group Ltd, founded in 2000 and based in Geneva, Switzerland, is a corporate investor specializing in energy commodities trading. The company focuses on the trade, transport, storage, and optimization of petroleum and other energy products, serving businesses in the energy sector with essential resources and logistics solutions. Notably, Gunvor has made strategic acquisitions to enhance its refining capabilities, including the acquisition of the Kuwait Petroleum Europoort refinery in Rotterdam in 2016, which bolstered its European refining operations. Additionally, in 2023, Gunvor acquired the Ingolstadt refinery in Germany for USD $100 million, further expanding its footprint in the petroleum sector. These transactions highlight Gunvor's commitment to refining and supplying petroleum products, including aviation fuels, through its extensive network and operational expertise.


3. Planet A Ventures

  • Website: planet-a.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: planet-a

Planet A Ventures is a Berlin-based venture capital firm founded in 2020, specializing in investments in green technology startups across Europe and Israel. The firm aims to support founders tackling significant environmental challenges through innovative solutions, providing not only financial backing but also mentorship and resources for scaling. Notably, Planet A Ventures has participated in funding rounds for INERATEC, a sustainable e-fuels startup that has raised significant capital to scale its production of sustainable aviation fuels. Their involvement in INERATEC's Series A and Series B funding rounds highlights their commitment to supporting the development of sustainable fuel solutions, which are crucial for the aviation industry as it seeks to reduce its carbon footprint. Additionally, their investments in other climate tech firms demonstrate a broader focus on decarbonization and sustainable practices across various industries.


4. Extantia

  • Website: extantia.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: beyond-black-capital

Extantia is a Berlin-based venture capital firm founded in 2020, specializing in climate technology and sustainability. The firm invests in innovative solutions aimed at carbon reduction and provides consulting services on ESG practices. Extantia supports entrepreneurs and investors in the climate tech sector, facilitating the transition to a sustainable economy. Notably, Extantia participated in the Series A funding round for Ineratec, a company focused on scaling up sustainable e-fuel production, which is directly relevant to the aviation fuel industry. Additionally, Extantia has been involved in other climate tech investments, such as H2Pro and Reverion, which, while not directly related to aviation fuel, demonstrate their commitment to sustainable technologies that could intersect with aviation fuel supply in the future.


5. VARO Energy

  • Website: varoenergy.com
  • Type: Corporate
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 2012
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: varo-energy

VARO Energy is a diversified energy company based in Baar, Zug, Switzerland, founded in 2012. The company specializes in the manufacturing, storage, and distribution of both conventional and sustainable energy solutions. VARO serves a wide range of customers, including those in the aviation sector, by providing reliable energy products and services tailored to meet operational and sustainability needs. Notably, VARO has made significant acquisitions to enhance its position in the fuels market, including the acquisition of NWB Nord- und Westdeutsche Bunker GmbH, which strengthens its capabilities in the fuels value chain. Additionally, their acquisition of Bayernoil Raffineriegesellschaft mbH and Calpam BV further demonstrates their commitment to expanding their influence in the energy sector, including aviation fuels. VARO is dedicated to accelerating the energy transition through innovative solutions, making them a relevant player in the aviation fuel suppliers industry.


6. Aenu

  • Website: aenu.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2022
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: pirate-impact

Aenu is a venture capital firm based in Berlin, Germany, founded in 2022. The firm specializes in empowering climate tech founders by providing investment brokerage and advisory services, primarily targeting tech entrepreneurs addressing climate change and sustainability challenges in Europe. Aenu has made notable investments in the aviation sector, including a significant $30 million investment in ZeroAvia during their Series B round, which focuses on hydrogen fuel cell technology for aviation. Additionally, Aenu invested $9,006,535 in XFuel, a company that is likely involved in alternative fuel solutions. These transactions highlight Aenu's commitment to driving systemic change in venture capital through intentional investments in impactful technologies, particularly those that could transform the aviation fuel landscape.


7. Egeria REI GmbH Ijzendoorn & Co. KG


Egeria REI GmbH Ijzendoorn & Co. KG is a private equity firm based in Berlin, Germany, founded in 1997. The firm specializes in private equity and real estate investments, focusing on partnering with healthy businesses to drive sustainable growth through strategic investments. Egeria operates in the Netherlands, the DACH region, and North America, providing capital and management expertise to businesses seeking to expand and thrive. Notably, Egeria has been involved in several transactions relevant to the aviation sector, including the acquisition of a majority stake in MAAS Aviation Group, a commercial aircraft painting company, which highlights their engagement in the aviation industry. Additionally, their acquisition of JET Daylight & RWA GmbH suggests a connection to fuel supply, further emphasizing their potential relevance to aviation fuel suppliers. However, their investment portfolio also includes companies in other sectors, such as pet food ingredients, indicating a diverse investment strategy.


8. ACP | Allianz Capital Partners


Allianz Capital Partners (ACP) is an investment management firm based in Munich, Germany, specializing in private equity, infrastructure, and renewable energy investments. Founded in 2006, ACP manages assets for institutional investors and insurance companies, focusing on generating stable, long-term returns while enhancing portfolio diversification. Notably, ACP was involved in the acquisition of Autobahn Tank & Rast Holding in 2015, a significant player in the fuel supply sector, with an enterprise value of around €3.5 billion. This transaction marks one of the largest buyouts in Germany in nearly a decade, highlighting ACP's capacity to engage in substantial investments within the fuel industry. Additionally, their recent investment in Fuella, which raised over $21 million in July 2023, indicates a continued interest in fuel-related ventures, further supporting their relevance in the aviation fuel suppliers context.


9. Sgs

  • Website: sgs.com
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 1878
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: sgs

SGS S.A. is a leading testing, inspection, and certification company founded in 1878, headquartered in Geneva, Switzerland. With a workforce of over 10,000 employees, SGS operates globally, providing independent services that ensure product quality and compliance across various industries. Notably, SGS has made strategic acquisitions to enhance its capabilities in the aviation sector, including the acquisition of ARGUS International, Inc. in 2019, which specializes in data-driven inspection and compliance solutions for the aviation market. This acquisition, along with their other services, positions SGS as a valuable partner for aviation fuel suppliers, as they can offer essential testing and certification services to ensure compliance with industry standards. Additionally, SGS's acquisition of Inter-Basic Resources, which provides testing and verification services for air and fluid filtration, further complements their offerings relevant to the aviation industry.


10. Vsquared Ventures

  • Website: vsquared.vc
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 12
  • LinkedIn: vsquared-ventures

Vsquared Ventures Management GmbH is a venture capital firm based in Munich, Bavaria, Germany, founded in 2020. The firm specializes in investing in innovative startups across high-tech industries, including aerospace, quantum computing, and robotics. They are committed to supporting entrepreneurs by providing funding and resources to help scale transformative technologies that advance society. Notably, Vsquared Ventures has invested in Dynelectro, a Danish startup that focuses on Solid Oxide Electrolysis technology for green hydrogen and green fuels, indicating their interest in sustainable energy solutions relevant to the aviation fuel sector. Additionally, they have invested in Vaeridion, which raised significant funding in 2024, although its direct relevance to aviation fuel is less clear. Overall, their portfolio reflects a commitment to fostering technological advancements that could intersect with the aviation fuel industry.


11. MPC Capital AG


MPC Capital AG is an investment management company based in Hamburg, Germany, specializing in maritime and energy infrastructure. Founded in 1994, the firm manages assets worth €4.8 billion and focuses on sustainable projects that align with global climate goals. In recent years, MPC Capital has participated in significant funding rounds for INERATEC, a startup dedicated to producing sustainable e-fuels. Notably, they were involved in INERATEC's Series A and Series B funding rounds, which raised substantial capital to scale up the production of sustainable e-fuels aimed at transforming renewable energy into aviation fuel alternatives. This strategic investment highlights MPC Capital's commitment to innovation and sustainability in the energy sector, particularly in relation to aviation fuel supply.


12. Omv

  • Website: omv.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1956
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: omv

OMV is an integrated oil, gas, and petrochemical company based in Vienna, Austria, founded in 1956. With over 10,000 employees, OMV operates in both upstream and downstream sectors, providing a range of products including oil, gas, and petrochemicals. In 2024, OMV Slovakia, a subsidiary of the OMV group, acquired a network of 27 filling stations under the Benzinol brand, enhancing its position in the fuel distribution market. This acquisition is significant as it strengthens their operational footprint, potentially including aviation fuel distribution. Additionally, OMV has been involved in funding initiatives such as H2 MOBILITY, which focuses on hydrogen mobility solutions, indicating their commitment to innovation and sustainability in the energy sector. This aligns with their goal of reducing carbon emissions and promoting circular economy practices, which may extend to their aviation fuel offerings.


13. IBB Ventures


IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in providing funding and support to innovative startups, particularly in the early stages of their development. With a portfolio of over 270 startups, IBB Ventures offers not only financial backing but also expertise and resources to help these businesses thrive in competitive markets. One of their notable transactions includes an investment in Spark e-Fuels, which raised approximately $2.4 million in a Pre-Seed round on January 23, 2025. This investment highlights IBB Ventures' engagement in the aviation fuel sector, specifically in the development of sustainable fuel alternatives, aligning with the growing demand for eco-friendly aviation solutions.


14. KGAL GmbH & Co. KG (KGAL)


KGAL GmbH & Co. KG is an investment management firm based in Germany, specializing in real estate, sustainable infrastructure, and aviation asset management. Founded in 1968, KGAL provides tailored investment solutions for both institutional and private investors, focusing on responsible investment practices. In 2023, KGAL participated in a private equity round for Arcadia eFuels, a company involved in the production of sustainable aviation fuels. This transaction highlights KGAL's commitment to investing in innovative solutions within the aviation sector, further solidifying their role as an investor in the aviation fuel suppliers industry.



Aviation Fuel Suppliers Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
GlencoreBaar, Zug, Switzerland10001+19783
Gunvor GroupGeneva, Geneva, Switzerland1001-500020001
Planet A VenturesBerlin, Berlin, Germany11-5020207
ExtantiaBerlin, Berlin, Germany11-5020206
VARO EnergyBaar, Zug, Switzerland1001-500020121
AenuBerlin, Berlin, Germany11-5020229
Egeria REI GmbH Ijzendoorn & Co. KGBerlin, Berlin, Germany51-20019970
ACP | Allianz Capital PartnersMunich, Bavaria, Germany51-20020060
SgsGeneva, Geneva, Switzerland10001+18785
Vsquared VenturesMunich, Bavaria, Germany1-10202012
MPC Capital AGHamburg, Hamburg, Germany201-50019941
OmvVienna, Vienna, Austria10001+19563
IBB VenturesBerlin, Berlin, Germany11-50199718
KGAL GmbH & Co. KG (KGAL)Germany201-50019680


Want to find more investors focusing on the aviation fuel suppliers industry?

If you want to find more investors that are active in the aviation fuel suppliersindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!