# Smartworks Innovation

Smartworks Innovation is a Private Equity based in Wien, Austria.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wien, Austria
- **Region:** Europe
- **Address:** Thomas-Klestil-Platz 13, 1030 Wien, Austria
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.smartworks.at
- **LinkedIn:** https://www.linkedin.com/company/smartworks-innovation

## Regulatory record

- **Reports private funds:** No

## About

Smartworks Innovation works with the innovation management of Wiener Stadtwerke Group to bring new solutions and technologies from start-ups into the group. The focus is on solutions with high innovation or climate protection potential that are technologically and economically scalable. This strengthens the innovative ability and competitiveness of the WSTW Group and creates solutions for the sustainable mobility and energy transition.

## Sectors

- Mobility & Transportation
- Energy Transition & Renewables
- PropTech
- Industrial Tech

## People

- Christian Fencz — CEO
- Felix Markulin-Wegene r — Start-Up Collaboration
- Astrid Kührer-Wielach — Start-Up Collaboration
- Monika Unterholzner — Chairwoman of the Investment Committee
- Karl Gruber — Deputy to the Chairwoman of the Investment Committee

## Questions

### What is the relationship between Smartworks Innovation and Wiener Stadtwerke?

Smartworks Innovation shares a domain and primary contact with Wiener Stadtwerke, the municipal utility and public-transport holding group owned by the City of Vienna. The firm's Vienna address sits in the same complex as Wiener Stadtwerke. While the exact legal structure is not publicly detailed, the arrangement points to Smartworks operating as a strategic investment entity or corporate-venture arm rather than a third-party independent fund. This gives its portfolio companies a direct line into one of Europe's largest integrated urban infrastructure operators.

### Who runs investment decisions at Smartworks Innovation?

The firm does not publish a team page, and no principals are named on the website or in Altss research records. The publicly listed contact is Christian Fencz, with an email tied to the Wiener Stadtwerke domain. No biographies or investment committee composition are available.

### How is IONATE relevant to Smartworks Innovation's mobility thesis?

IONATE's hybrid intelligent transformers give distribution-grid operators real-time power-flow control and harmonic correction. For a firm whose portfolio also includes an EV-charging hardware OEM (Easelink) and a fleet-electrification analytics platform (NECTURE), IONATE addresses the grid-side infrastructure that large-scale electric fleet depots will require. The investment creates an integrated hardware-software-grid stack across mobility electrification.

### Does Smartworks Innovation participate in fund commitments or only direct deals?

All displayed activity is direct investing into single companies. The website lists a portfolio tab with operating companies only and solicits pitch decks directly from founders. No fund-of-funds or LP commitments are documented.

## Related profiles

- [Smart Steps Wealth Management](https://altss.com/profile/smart-steps-wealth-management)
- [SMArtX Advisory Solutions](https://altss.com/profile/smartx-advisory-solutions)

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Last updated: 2026-08-11T15:08:11.274Z

Canonical page: https://altss.com/profile/smartworks-innovation

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