Energize Ventures, a Chicago, IL-based global alternative investment manager, closed its second flagship fund with total capital commitments of $330m.
Energize intends to invest in digital solutions with proven potential to optimize energy, critical infrastructure and sustainable industries.
In its debut fund, the firm deployed $165m into 14 software-based companies serving energy and critical infrastructure sectors. Similarly to Fund I, the focus of Fund II is scaling and commercializing technologies and software across renewable energy, mobility, cybersecurity, battery storage, critical infrastructure and climate resiliency.
Founded in 2016 and led by John Tough, managing partner, Energize will continue to provide financial, operational and commercial support to back the entrepreneurs in the energy transition.
Today, the firm manages more than $700m of committed capital from a diversified set of institutional, ESG-focused, strategic and family office investors. Alongside anchor investor Invenergy and returning Limited Partners such as CDPQ, SE Ventures (the corporate venture arm of Schneider Electric), GE Renewable Energy, and Hannon Armstrong, Fund II includes Credit Suisse, Xcel Energy, American Electric Power and Equinor Ventures, among other limited partners.
To date, the firm has deployed capital from Fund II into three investments, including:
- Munich-based predictive battery analytics software TWAICE;
- Finite State, a pioneer of IoT device intelligence out of Columbus, Ohio; and
- Urbint, which leverages AI to protect critical infrastructure and is headquartered in New York.
FinSMEs
29/09/2021