Vanagon
The Regenerative Finance VC
We are Vanagon
The Regenerative Finance VC
We invest in founding teams harnessing next frontier technology to enable the transition to a nature positive, regenerative economic system.

Planet, society and economy are facing unprecedented challenges. However, massive coordination failures causing these global challenges can be resolved by game-changing innovators reshaping the infrastructure stack towards a regenerative economy, based on circularity and nature as an asset class.

In order to solve global coordination and incentive failures in climate and finance, we need to use digital and open financial mass-coordination technologies. We believe that the most impactful use cases for these next frontier digital technologies are to fix global financial and climate incentive schemes to allow individuals, corporates and capital markets make profits while fixing planet. This will accelerate the green transition towards a regenerative economy, which, in our view, creates the greatest business opportunity of our time.
We back entrepreneurs who build the global digital infrastructure for a regenerative economy
"Literally the most supportive early investor I can imagine!"

Adrian Wons

Founder & CEO, senken.io

Join the regenerative journey
Discover investment insights, market trends, and entrepreneurial journeys at the convergence of Open Finance x Climate.
Our Superpower
We are B2B transformation and digitalization experts and have worked on the rollout of second-wave Internet technologies such as mobile and cloud, which have completely changed our global economy, now dominated by Internet giants.

We know that the technologies of the third wave of the Internet will cause an even larger transformation, so we have developed deep expertise early on. Our footprint in the European Blockchain landscape since 2016 gives us unparalleled access to teams who build meaningful companies with real-life impact. Shortsighted trends interest us as little as overall crypto market movements - our sensors are configured for business necessity and positive real-world impact.

Out of this ecosystem, we target the thriving 'ReFi' (Regenerative Finance) subset, which enables us to spot outliers first and help them achieve substantial market traction and secure follow-on funding from both, established Climate and Tech investors, in Europe and globally.
Susanne Fromm
GP & Co-Founder
Susanne led as CEO an exchange listed blockchain investment company and has been recognized by leading blockchain media outlet Cointelegraph as top25 blockchain expert in the German speaking region. Previously, she led the digital health pillar at Allianz Ventures, formed partnerships with startups and Internet giants and was responsible for the global rollout of mobile technology at Allianz. Before that, she spent 6 years in top management consulting at Roland Berger. Susanne holds an MBA from INSEAD.
Axel Roitzsch
GP & Co-Founder
Axel has been building and scaling companies since 2012, including Soma Analytics, Europe's most awarded healthcare company in 2016 and Agenturmatching, which he sold to the European market leader in 2020, going through several funding and M&A processes. He was awarded with a full scholarship of German Federal Ministry of Economic Affairs. He is advisor to the Blockchain Founders Group and the European Carbon Offset Tokenization Association, mentor at Climathon and a regular speaker at conferences.
Sandro Stark
GP & Co-Founder
Sandro founded his first blockchain company in 2017 and later joined Allianz to build 'Allianz Blockchain' Corporate Venture Projects, where he partnered with Etherisc on a parametric climate insurance project. Previously, he was an Industry Strategist at Microsoft for over 5 years. Sandro is one of the initiators of the climate think tank ECOTA and thought leader on climate and technology topics on Linkedin. He holds a masters degree in management from Imperial College London.
Portfolio Companies
Renoster brings deep transparency into the low-tech voluntary carbon market by rating carbon projects based on remote sensing and machine learning algorithms.
senken is the largest marketplace for digital sustainable assets and the #1 gateway for the voluntary carbon market
As the Moody's for ESG-tokens, we are building the first rating and analysis platform for digitized, sustainable assets that offers a trusted, one-stop solution for investors and companies.
Heartstocks offers fully regulated digital equity products as approved securities and issued as retail stocks e.g. for carbon projects
Simetria builds an “ebay for employee stock options”, helping private companies and their employees with secondary market sales.
Learn.xyz the “DuoLingo” for everything, using modular AI models to automatically generate courses on any topic
Cadeia is a market changing digital solution to structure, issue, and service financial instruments e.g. the Energy Transition Finance Program
Kasuria is the Bloomberg Terminal and strategy builder for DeFi. It helps institutions make DeFi accessible
Youba’s self-custodial wallet makes digital assets incl. NFTs or digital carbon credits accessible to everyone with one tap, no technical knowledge needed → Signed tier 1 football club as client
Insights & Perspectives