Cleantech

The Decarbonization Partners Fund I focuses on investing in late-stage venture capital and growth private equity for next-generation companies that support the acceleration of decarbonization and the transition to a net-zero economy. The fund has attracted a diverse set of over 30 institutional investors representing 18 countries, including public and private pension funds, sovereign wealth funds, insurance companies, and corporates and family offices across North America, Europe, and Asia Pacific. The diversity and depth of the investor base reflect the global nature of the opportunity around climate investing, directly aligning with Decarbonization Partners’ global focus. The Fund’s target investments include companies that drive intentional, material, and measurable decarbonization outcomes. It invests in companies with de-risked technologies that are ready to scale and can benefit from BlackRock and Temasek’s complementary platforms and deep access. The Fund’s investments span several innovative decarbonization technologies, including sustainable materials, clean hydrogen, science-based carbon management services, low-emissions battery recycling, EV fleet management, and thermal energy storage for industrial applications. The partnership aims to invest in companies that provide solutions and technologies to help accelerate global efforts to achieve a net-zero global economy by 2050. The sectors targeted for investment include Carbon Capture, Storage and Utilization, Bio and Low Carbon Products, Next Generation Energy, Advanced Mobility, Carbon Management Services, and Digital Transformation. The team has built a robust pipeline of proprietary deal flow and intends to continue executing on this in the coming months. The Decarbonization Partners team, which has grown to over 25 members, includes experienced venture capital and growth equity investment and portfolio management professionals across offices in New York, San Francisco, Singapore, London, Paris, and Houston. The team was intentionally constructed to provide portfolio companies with trusted value-add partners who bring significant technical and operational experience to the table.

Energize Ventures Fund III, with $430 million in capital commitments, is a VC fund by Energize Capital. The fund went over its initial target of $350 million. This fund aims to invest in early-stage companies developing digital and software-enabled solutions that drive energy and industrial transformation. The closure of Fund III brings Energize Capital's total assets under management to over $1.8 billion. The fund focuses on asset-light, digital-first climate solutions, particularly in sectors such as industrial digitization, next-generation infrastructure, and the energy transition. Energize Capital plans to invest in companies at the Series A to C stages, with average check sizes ranging from $15 million to $20 million. Initial investments from Fund III include Tyba, a battery optimization software platform; Archive, a resale technology solution for brands; and Nira Energy, a grid interconnection software platform for energy developers. Energize Ventures Fund III is backed by a diverse group of institutional, corporate strategic, family office, and impact investors. New limited partners include Sweden’s Första AP-Fonden (AP1), Capricorn Investment Group, Reference Capital, Keeling Capital, Keysight Technologies, and WEX Venture Capital. Returning investors comprise GE Vernova, Caisse de dépôt et placement du Québec (CDPQ), Builders Vision, UBS, and WEC Energy Group.

Magnesium Capital I focuses on profitable European companies with proven technologies or tech-enabled services that are positively impacting the decarbonisation of the production, distribution, and consumption of energy. The team has been backing the buyouts of such businesses for a number of years on a direct deal basis. Since inception, Magnesium has completed seven platform investments, signed six follow-on acquisitions, and exited two investments for 4.2x gross MOIC. The fund targets high-growth, profitable businesses in Europe and the UK that support the energy transition. It likes to partner with entrepreneurial management teams and support them on their next stage of growth. Magnesium looks for companies with competitive advantages in their core technology or tech-led service that have a positive impact on the way energy is produced, distributed, or consumed. The fund takes controlling stakes in each of its investments but considers significant minority positions in certain circumstances. The fund closed its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the €100m Fund target. The final close occurred less than a year after the Fund’s first close with Magnesium attracting blue-clip institutional investors from the US, Europe, and the UK. The combined impact of these portfolio companies already directly contributes to the avoidance of over 30 million tonnes of CO2 equivalent per annum, demonstrating their focus on impactful investments with positive environmental outcomes. The fund prefers investments ranging from €15 million to €50 million in companies with enterprise values of €25 million to €100 million.

Located in Amstelveen (Netherlands), Revo Capital Fund III is a venture capital fund managed by Revo Capital. Sectors of interest of the fund are: fintech, gaming, information technology, health tech, clean tech, insure tech, DevOps, marketplaces, martech, big data, cybersecurity, and artificial intelligence and machine learning sectors. The fund invests in global companies or in companies that have global businesses. Companies must be based in Eastern Europe, Turkey or the Baltics. The fund will aim for a first close of between $50 and $60 million in March, and targets $100 million, with a cap at $150 million. Revo plans to invest in over 25 seed to Series B startups, typically starting with up to $5 million per company and allocating up to $10 million with follow-ons. The firm also carved out a "Seed Pocket" for smaller initial checks of $250,000–500,000 in promising pre-seed and seed-stage startups.

The SOSV V fund is focused on deep tech startups in human and planetary health, with a focus on decarbonization and re-industrialization. The fund will invest in startups in the health sector, ranging from therapeutics to medical devices, as well as companies working on climate change solutions. SOSV operates startup program facilities in New York City, Newark, and San Francisco, supporting about 80 startups per year. The fund's limited partners include corporates, sovereign wealth funds, institutional investors, and private family offices around the world. The fund closed at $306 million on April 16th, 2024. SOSV invests starting at the pre-seed stage and continues through series seed, A, and later stages, resulting in about 200 investments per year. The fund tracks top portfolio startups in its annual Climate Tech 100 and Human Health 100 lists, which include companies working on climate solutions and health-related technologies. The fund also invests in facilities and equipment to help deep tech founders develop and de-risk their technologies. It operates in 40 countries and has founders representing 75 nationalities. The portfolio includes startups with 33% of companies having at least one female founder. The fund partners with other co-investors and has received support from venture firms and early-stage investors who have contributed to the successful launch of startups. The fund's emphasis on decarbonization and re-industrialization highlights its commitment to addressing climate change and creating positive change for humanity. The fund aims to bring power and expertise to the fight against climate-driven issues and loss of life.

SevenGen Growth Fund is a newly launched growth‑capital vehicle anchored by institutional and development‑backers to support Northwest European companies that are advancing the climate transition. It deploys capital into profitable or near‑profitable businesses in sectors such as energy transition, decarbonising industry, circular materials, sustainable mobility and the built environment. The fund capitalises on the momentum of Europe’s climate‑finance ecosystem and addresses a common gap between early‑stage innovation and global scaling by providing meaningful growth financing to companies with established business models but ambitious scaling plans. With initial commitments of roughly €65 m and a target final close of about €150 m in 2026, the fund will invest in selected growth companies—typically via investment tickets in the €5 m to €15 m range—that are founded or headquartered in Northwest Europe, with a mandate for measurable climate impact alongside strong financial returns. SevenGen brings a disciplined private equity approach, a focus on governance and impact measurement (as an SFDR Article 9 fund), and a team with prior climate‑finance experience to unlock value in companies that can convert European climate‑tech innovation into industrial leadership and mainstream adoption of sustainable solutions.

TDK Ventures Fund 3 is a $150 million venture capital fund launched in April 2025 by TDK Corporation's corporate venture-capital subsidiary, TDK Ventures, Inc. The fund focuses on investing in early-stage deeptech startups that are poised to drive significant advancements in technology and sustainability. Building upon the success of its previous funds, Fund 3 aims to catalyze the next generation of iconic companies by providing not only capital but also strategic support through TDK's extensive global network. This includes access to TDK's R&D, manufacturing capabilities, and market channels, enabling startups to scale efficiently and effectively. Fund 3 continues TDK Ventures' mission to invest in transformative technologies that align with global megatrends, contributing to TDK's long-term vision of sustainable growth and innovation.

Vireo Electrification Fund I is an early‑stage venture capital fund managed by Vireo Ventures, headquartered in Berlin, Germany. Its mission is to accelerate Europe’s transition to an electrified future by backing startups that help decarbonize energy systems, mobility, and infrastructure. The fund closed at €50 million, attracting LPs including energy utilities, corporates, and institutional investors. The fund invests primarily at the seed and pre‑seed/early stages in companies offering hardware‑enabled or software‑enabled solutions across the electrification value chain. Key focus areas include grid intelligence, heat decarbonization, electric mobility infrastructure, energy storage, and smart infrastructure in real estate and industry. Vireo’s model emphasizes close collaboration with its limited partners (LPs), many of which are utilities or energy incumbents, to facilitate pilot projects, scaling, and operational integration for portfolio companies. Rather than being passive backers, LPs contribute industry expertise and connections, helping portfolio companies move more quickly from prototype toward commercial deployment. Geographically, the fund focuses on European startups, although exposure outside Europe is evaluated selectively. Vireo seeks companies with meaningful European presence, whether through operations, customers, or regulatory exposure. Its investments are drawn from a mix of hardware and software, with a strong lean toward solutions that can scale and contribute significantly to decarbonization paths for energy, mobility, heating, and industrial systems.

The Wellington Climate Innovation Fund seeks to invest in private companies developing solutions to help mitigate and adapt to climate change. The Fund targets late-venture and early-growth companies that are developing tech-enabled solutions such as software, software-enabled hardware, sensors, AI, data and analytics. These solutions are focused on areas including energy transition, sustainable buildings and cities, transportation and mobility, industrial automation, enterprise digitization, sustainable consumer, and food and agriculture innovation. The fund is located in Boston, Massachusetts. The Fund’s client base is broadly diversified and includes sovereign wealth funds, pensions, insurance companies, banks, family offices, and high-net-worth individuals. The Fund seeks to generate attractive returns for its investors while addressing the existential threat of climate change. The fund closed with US$385 million in commitments. The Fund is managed by Greg Wasserman and the CIF investment team, who have extensive experience investing in climate solutions. The team leverages Wellington’s broader investment, research, and sustainability capabilities in public and private markets, along with a research collaboration with leading climate change research institute, Woodwell Climate Research Center.