Fundraising Fox

Generate Capital

also invests · investor profile

San Francisco, US · Founded 2014 · Delaware corporation · 9 known investors

Generate Capital is a sustainable infrastructure investment and operating platform that provides capital and expertise for developers, businesses, and communities to invest in and operate sustainable assets across power, mobility, waste, green digital, water, agriculture, and industrial decarbonization sectors. The firm has invested over $10 billion since 2014 and manages over 2,000 assets globally.

CleantechClimate TechEnergyImpact & Social Good

Founders & leadership

Generate Capital was founded in 2014 by Scott Jacobs, Jigar Shah, and Matan Friedman.

SJ
Scott JacobsCo-founder
JS
Jigar ShahCo-founder
MF
Matan FriedmanCo-founder
MF
Marcus FramptonNamed on SEC filing
JC
Jeff ColinNamed on SEC filing
JG
Josh GreenNamed on SEC filing
JB
Judy BornsteinNamed on SEC filing
JF
Jason FishNamed on SEC filing

Board

RARaj Atluru
Raj AtluruBoard directorManaging Partner at ACTIVATE CAPITAL PARTNERS

Investors · 9

ACTIVATE CAPITAL PARTNERSSan Francisco · $10M – $30M
Blue Haven Initiative
BroadscaleNew York
CeniarthLondon
Thirdstream PartnersSan Mateo
California State Teachers' Retirement Systemreported

Also in the syndicate · 3

CalstrsHestaQIC

Reported raises · per SEC filings

Form D private placements

$4.5B disclosed across 5 of 7 rounds · 2017–2025

▶$1.3BraisedJan 2024 · 45 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Ross IsraelDirector
  • Matan FriedmanExecutive Officer, Director
  • Brian LehmanExecutive Officer
  • Susan E. GonzalezDirector
  • Kristine JanhunenExecutive Officer
  • Richard KauffmanDirector
  • William SonnebornExecutive Officer
  • Darryl CarbonaroExecutive Officer
  • Jack StarkExecutive Officer
  • Kristin G. RichmondDirector
  • Nam T. NguyenExecutive Officer
  • Raj AtluruDirector
  • Lynn JurichDirector
  • Derek ChuDirector
  • Scott JacobsExecutive Officer, Director
Offering amount
$1.3B
Amount sold
$1.3B
Sales commissions
$3.4M
Placement agents
PJT Partners LP, J.P. MORGAN SECURITIES LLC
First sale
Dec 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2BraisedAug 2021 · 56 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • RAJ ATLURUDirector
  • LYNN JURICHDirector
  • ROSS ISRAELDirector
  • SUSAN E. GONZALEZDirector
  • MATAN FRIEDMANExecutive Officer, Director
  • NAM TRAN NGUYENExecutive Officer
  • DEREK CHUDirector
  • KRISTIN GROOS RICHMONDDirector
  • JACK STARKExecutive Officer
  • RICHARD KAUFFMANDirector
  • SCOTT JACOBSExecutive Officer, Director
Offering amount
$2B
Amount sold
$2B
First sale
Apr 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$963.8MraisedJun 2020 · 19 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • SCOTT JACOBSExecutive Officer, Director
  • DARRYL CARBONAROExecutive Officer
  • MATAN FRIEDMANExecutive Officer
  • RICHARD KAUFFMANDirector
  • JEFF COLINDirector
  • JIGAR SHAHExecutive Officer, Director
  • DEREK CHUDirector
  • RAJESH ATLURUDirector
  • JASON FISHDirector
  • JACK STARKExecutive Officer
  • LYNN JURICHDirector
  • ROSS ISRAELDirector
Offering amount
$963.8M
Amount sold
$963.8M
Sales commissions
$7.7M
Placement agents
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BROOKLANDS CAPITAL STRATEGIES BD, LP
First sale
Dec 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$53.1MraisedAug 2018 · 24 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Josh GreenDirector
  • Jeff ColinDirector
  • Jigar ShahExecutive Officer, Director
  • Rajesh AtluruDirector
  • Judy BornsteinExecutive Officer
  • Jason FishDirector
  • Matan FriedmanExecutive Officer, Director
  • Scott JacobsExecutive Officer, Director
  • Marcus FramptonDirector
Offering amount
$100M
Amount sold
$53.1M
Sales commissions
$301.3K
Placement agents
Brooklands Capital Strategies BD, L.P.
First sale
Aug 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$199MraisedSep 2017 · 36 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Raj AtluruDirector
  • Marcus FramptonDirector
  • Jeff ColinDirector
  • Josh GreenDirector
  • Scott JacobsExecutive Officer, Director
  • Judy BornsteinExecutive Officer
  • Jason FishDirector
  • Jigar ShahExecutive Officer, Director
  • Matan FriedmanExecutive Officer, Director
Offering amount
$199M
Amount sold
$199M
Sales commissions
$4M
Placement agents
Brooklands Capital Strategies BD, L.P.
First sale
Sep 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Preqin30 shared keywordsPreqin provides private markets data, analytics, and benchmarking across private equity, venture capital, hedge funds, real estate, private credit, infrastructure, secondaries, and natural resources. Its products serve fund managers, investors, consultants, banks, and other financial professionals for fundraising, manager selection, due diligence, and performance analysis.
CleanCapital28 shared keywordsCleanCapital develops, constructs, owns, operates, and invests in small-scale solar and energy storage projects for businesses, schools, non-profits, and communities. Founded in 2015, it operates one of the largest U.S. portfolios of distributed solar projects, serving customers across 30 states and U.S. territories.

Companies competing with Generate Capital for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Generate Capital accelerates organics-to-energy expansion - Resource Recyclingresource-recycling.com · Dec 2025Generate Capital Raises over $1 Billion to Expand Infrastructure Credit Solutions - Generate Capitalgeneratecapital.com · Nov 2025Leading Global Institutions Invest in a Clean Energy Future With Generate Capitalbusinesswire.com · Jan 2024Generate Capital Raises $1.5 Billion in New Equity from Calstrs, Hesta, QIC - Bloombergbloomberg.com · Jan 2024Generate Capital raises $2 billion for sustainable infrastructure investmentscnbc.com · Jul 2021Generate Capital raises >$1B for sustainable infrastructure - Inherent Group, LPinherentgroup.com · Feb 2020

Frequently asked questions

What does Generate Capital do?
Generate Capital is a sustainable infrastructure investment and operating platform that provides capital and expertise for developers, businesses, and communities to invest in and operate sustainable assets across power, mobility, waste, green digital, water, agriculture, and industrial decarbonization sectors. The firm has invested over $10 billion since 2014 and manages over 2,000 assets globally.
Who founded Generate Capital?
Generate Capital was founded by Scott Jacobs, Jigar Shah, Matan Friedman in 2014.
Who are Generate Capital's investors?
Generate Capital's investors include ACTIVATE CAPITAL PARTNERS, Blue Haven Initiative, Broadscale, Ceniarth, Thirdstream Partners, California State Teachers' Retirement System.
How much funding has Generate Capital raised?
Generate Capital has disclosed $4.5B raised across 5 of its 7 known rounds.
Where is Generate Capital headquartered?
Generate Capital is headquartered in San Francisco, US.