Energize Capital, a Chicago, IL-based climate software investor, closed its second growth fund, at $300M.
This close brought its assets under management to $1.2 billion, surpassing $860M in total committed capital from LPs. Anchored by founding partner Invenergy, the firm is backed by strategic, institutional, and impact LPs including CDPQ, Credit Suisse, SE Ventures (corporate venture arm of Schneider Electric), GE Renewable Energy, Xcel Energy, Caterpillar, HASI and more.
The investment firm will continue to support enduring climate software businesses as they scale amidst significant economic tailwinds.
Led by John Tough, managing partner, Energize Capital is a climate software investor focused on scaling sustainable innovation. It has funded 26 companies and deployed more than half a billion through its venture capital and growth equity strategies. With its new growth equity strategy, Energize can continue providing capital and operational support to enduring late-stage climate software companies. To date, Energize has made seven investments out of its growth funds, including a recently announced investment in PVcase’s $100m round, as well as follow-on investments in its venture capital portfolio companies Sitetracker, DroneDeploy, and Aurora Solar, which is one of the most valuable climate software companies today.
Energize closed its first $165m venture fund in 2018, followed by a $330m vehicle in 2021. In 2022, the firm added 12 new team members and deployed $260m across its portfolio.
FinSMEs
27/07/2023