Jelena Markovic, senior associate for BayWa Renewable Energy (BayWa RE), Germany-based trading conglomerate BayWa Group’s clean energy subsidiary, has joined LBBW Venture Capital as an investment manager for the universal bank in the state of Baden-Wuerttemberg.
She said her investment focus was now business-to-business software startups in the German-speaking region of Europe (Germany, Austria and Switzerland – known by the acronym DACH), in late seed and series A rounds.
Markovic, a GCV Rising Stars 2020 award winner, joined BayWa RE Energy Ventures as a venture capital analyst shortly after it was formed in mid-2018 before promotion last year.
BayWa RE Energy Ventures backs early and growth-stage renewable energy technology developers based in Europe and Israel. Markovic told GCV she helped generate deal flow for the fund that resulted in its first three investments: Blixt, Raycatch and Zolar.
Before joining BayWa RE, Markovic had spent nearly four years at IT equipment producer Fujitsu as a fund and alliance manager.
