When it comes to investing in the future of climate tech, Energize Capital is making some serious moves.
This Chicago-based investor, known for backing companies that tackle climate change head-on, just closed its latest big fund — Ventures Fund III — pulling together a hefty $430 million.
This is a major step in fueling early-stage businesses that focus on transforming energy and industrial sectors with smart, digital solutions.
Who’s Behind This Fund?
The impressive $430 million raise includes fresh support from a diverse group of limited partners (LPs).
New backers include big names like Första AP-Fonden (AP1), Capricorn, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, plus a number of global pension funds.
On top of that, some of Energize’s trusted returning investors — such as GE Vernova, CDPQ, Builders Vision, UBS, and WEC — have stepped in again to support this latest fund.
What’s the Focus of Ventures Fund III?
This is Energize Capital’s fifth institutional fund overall and their third fund dedicated to the Ventures strategy.
The fund’s focus is clear: invest in early-stage companies that are driving energy and industrial transformation.
But not just any companies — these are businesses harnessing digital tools and software to create asset-light climate solutions.
Industries getting the spotlight here include industrial digitization, next-generation infrastructure, and the broader energy transition.
Energize is looking to back startups that are leveraging technology to accelerate these critical shifts toward a more sustainable future.
Early Investments Already Making Waves
Energize hasn’t waited to put Ventures III to work. They’ve already invested in some exciting companies, like:
- Tyba: A platform optimizing battery performance through software, boosting efficiency and sustainability.
- Archive: A tech solution helping brands build and grow profitable resale businesses — a clever way to extend product lifecycles.
- Nira: A software platform that simplifies grid interconnection for energy developers, smoothing the way for cleaner energy integration.
About Energize Capital’s Mission
Since launching in 2016, Energize Capital has been led by John Tough, managing partner and visionary behind the firm’s mission to scale sustainable innovation.
Their approach is all about partnering with the people building and operating the future of energy.
So far, Energize has backed 36 companies and invested over $920 million across its Ventures and Endurance strategies.
What’s on the Horizon?
With this fresh infusion of capital, Energize Capital is ready to accelerate their support for cutting-edge climate tech startups.
The big question is: which groundbreaking companies will they back next to shape the clean energy and industrial landscape?
One thing’s for sure — Energize is positioning itself at the forefront of the climate innovation race.