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Chicago-based climate software fund Energize Capital just raised $300 million in growth funds. Chicago-based Energize Capital, formerly Energize Ventures, just raised $300 million to help close the growth funding gap for climate startups. The growth capital will be spread across 12 startups over a three-year investment period, with around half expected to be from Energize's earlier-stage ventures portfolio, Tough said. Currently a team of around 20, Energize expects to keep growing and have five investors on its growth fund. Check out the 11-slide redacted pitch deck Energize used to raise the fund below:
Persons: generalists, John Tough, Energize, Caprock, Tough Organizations: Energize, Energize Ventures, Aurora, Bank Credit Suisse, Mercy Investment Services, Schneider Electric Locations: Chicago, Europe
Europe's energy software startups are getting a lot of investor attention right now. Europe's energy software startups are having a moment in the sun right now. Investors are bullish that energy software could be the solution. Energy software startups have raised $427 million in the first half of the year, already eclipsing 2022's total of $369 million, per PitchBook data. This week Lithuanian solar design and planning software company PVcase raised $100 million while Dutch energy monitoring firm Sensorfact landed $28 million.
Persons: Tyler Lancaster, Lancaster Organizations: Energy, Energize Venture, Residents, Labor Locations: Ukraine, Europe, Germany, Netherlands
PVcase, a software startup making it easier and faster to design solar projects, just raised $100 million. A solar design software startup has just raised $100 million in fresh funds. Lithuanian startup PVcase, which was founded in 2018, helps engineers plan and design solar energy projects via its software-as-a-service 3D modeling platform. The continued growth of solar meant that it's increasingly complex to develop big projects, Trainavicius said. PVcase could also include maintenance features when solar projects are up and running, such as predictive fixes.
Persons: Deividas Trainavicius, Trainavicius, it's, PVcase, What's Organizations: Lithuanian, Energize Ventures, Project Locations: Highland Europe, Lithuanian
SummarySummary Companies SINAI helps companies cut emissions and reallocate capitalArcelorMittal, Natura, Toshiba, Siemens among SINAI customersPresidio Ventures, NEC Translink Capital take part in roundSept 27 (Reuters) - U.S.-based SINAI Technologies, which produces technology to help companies measure carbon emissions and recommends ways of mitigating them, has raised $22 million from investors including Energize Ventures to fund growth, it said on Tuesday. "But it's ultimately up to the (companies) to decide where they are going to invest." Eileen Waris, principal at Energize Ventures, said that SINAI had cut through a climate space which could be considered as "crowded" by early-stage companies. "I have no doubt they will make it to the next round of funding," she stated. Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala ; Editing by Carolyn Cohn and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
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