How many investments has ATEL Ventures made?

ATEL Ventures has 142 tracked investments, 16 of which have exited, including 1 dated in the last 24 months.

What stage does ATEL Ventures invest at?

ATEL Ventures invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

Where is ATEL Ventures located?

ATEL Ventures is headquartered in San Francisco, US.

Does ATEL Ventures lead rounds?

ATEL Ventures typically participates in rounds rather than leading them.

Who does ATEL Ventures co-invest with?

ATEL Ventures most often shares deals with Y Combinator, Breakthrough Energy Ventures, Alumni Ventures, among 418 tracked co-investors.

ATEL Ventures

Venture debt

San Francisco · Seed–Late Stage · 17 people tracked

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Investment thesis

ATEL Ventures provides venture debt to high-growth businesses across a range of sectors and stages, enabling them to scale without diluting equity. As part of ATEL Capital Group, its financing supports needs such as extending runway, bridging to milestones, and funding capital expenditures like manufacturing equipment or infrastructure. The broader group also engages in equipment leasing of low-tech manufacturing, construction, and transportation assets to large corporations, as well as commercial and residential real estate investment.

Invests inBiotech Cleantech Consumer Deep Tech Energy Hardware New Materials RoboticsSector AgnosticSpace Tech North America San Francisco Saudi Arabia United States

Source: firm website, verified Sep 27, 2026.

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Stage

Seed–Late Stage

San Francisco, CA, US

Leads rounds

Follows

Instruments

Debt

Founded

2020

Tracked investments

142

Unicorns

IPOs

Acquisitions

Team · 17 people

from the firm's website & curated & public directories

Dean Cash· Chairman and CEO, ATEL Capital Group

Dean Cash leads ATEL, which has grown into a multi-billion dollar financial services company offering venture debt and equipment leasing. He previously worked as a systems engineer at EDS and later at General Electric, holds an MBA from Florida State University, and co-founded the ATEL Foundation.

Steven Rea· President, ATEL Ventures· San Francisco Bay Areain

Leads sales and business development for ATEL Ventures. Previously managed venture leasing for the emerging growth divisions at Imperial Bank (now Comerica) and LINC Capital, and held business development roles at Interlease Group. Holds a BS in Business Administration (finance) from San Diego State University and an MBA from St. Mary's College.

srea@atel.com

Bill Bullock· Senior Vice President, Capital Markets, ATEL Capital Group· Oakland, California, United Statesin

Bill Bullock manages ATEL's direct and indirect sales team and originates new lease acquisitions. He previously held business development roles at Key Equipment Finance, Wells Fargo Equipment Finance, and Mellon US Leasing, and holds a finance degree from San Diego State University.

Drew Waddell· Senior Vice President, Corporate Controller, ATEL Capital Group

Drew Waddell oversees corporate financial reporting, audits, documentation and compliance at ATEL. He previously held controller and FP&A roles at Salient Partners and Xambala, and worked as an external auditor at Ernst & Young.

Maggie Adams· Legal Counsel, ATEL Capital Group· United Statesin

Legal counsel at ATEL, previously spent five years at global law firms in Chicago and the Bay Area serving the financial services industry. Holds a Bachelor's in English from the University of Georgia and a J.D. from Notre Dame Law School.

Maxwell Cash· Vice President, ATEL Capital Group

Vice President at ATEL Capital Group who joined the firm in 2013 as VP of Lease Originations at ATEL Leasing Corporation, originating equipment leasing transactions for large companies in the US and Latin America. He now works on equipment leasing across ATEL platforms and oversees the firm's real estate acquisitions focused on triple-net commercial and industrial properties.

Mike Zwick· Senior Vice President - ATEL Leasing Corporation· New York City

Mike Zwick focuses on originating fair-market-value (true) leases by working with equipment dealers, captives, banks and others, with over 25 years in the leasing industry. He has overseen more than $2 billion in true lease fundings, helped shape an IRS true lease ruling, and previously marketed transactions at Equilease Financial Services. He holds a finance and public accounting degree from New York University.

Paritosh Choksi· Chief Operating Officer, ATEL Capital Group

Paritosh (Pari) Choksi is COO of ATEL Capital Group, leading institutional fundraising and global expansion while overseeing ATEL Ventures and the group's finance, IT, and HR functions. He previously served as CFO of Wink Communications and held various roles including CFO during a 20-year tenure at Phoenix American Incorporated, and holds a B.Tech from IIT Bombay and an MBA from UC Berkeley.

Patrick von Tscharner· Senior Credit Officer, ATEL Capital Group

Patrick von Tscharner leads risk-related functions at ATEL, including credit analysis, due diligence, and portfolio risk management across ATEL Growth Capital and ATEL Leasing. He has 37 years of financing-industry experience, previously running his own advisory firm and holding senior roles at organizations such as Chase Manhattan Bank, GATX Capital, and Cisco Systems.

Phil Koblis· Chief Strategy Officer, ATEL Capital Group

Phil Koblis is Chief Strategy Officer at ATEL Capital Group, where he leads long-term business and growth strategy and sits on the Investment Committee. He previously spent 28 years at Comerica Bank, including 15 years as an SVP in its Technology & Life Sciences venture debt lending division, and serves on the board of the Renaissance Entrepreneurship Center.

Raymond Rigo· Senior Vice President, Fund Controller, ATEL Financial Services

Ray Rigo oversees accounting and financial reporting for ATEL's institutional and retail funds, having previously served as VP Controller and Director of Financial Reporting at ATEL. He earlier worked at Barclays Global Investors, Bay View Capital Corporation, PMI Mortgage Insurance Company, and ConAgra, and holds a B.A. in Accounting and an M.B.A. in Finance from Golden Gate University.

Stephanie Komsa· Vice President – Institutional Client Relations, ATEL Capital Group· Gurugram, Haryana, Indiain

Stephanie Komsa works on institutional client relations for ATEL's private debt funds and leads institutional client growth strategies as well as media and marketing initiatives. She has over 15 years of experience across venture investing, fund operations, and investor relations, including as Head of Investor Relations and Operations at Quona Capital, and holds degrees from Johns Hopkins SAIS and Drew University.

Thomas Monroe· Senior Vice President, ATEL Equipment Services

Thomas Monroe leads ATEL's asset management department, overseeing residual valuation, due diligence, equipment inspections, and renewal/remarketing of the equipment portfolio; he joined as a portfolio manager after working at GE Capital's computer leasing division. He holds a BA from UC Berkeley and an MBA from the University of Notre Dame.

Tom Sbordone· Senior Vice President, ATEL Leasing Corporation

Senior Vice President at ATEL Leasing Corporation with over four decades of experience in equipment finance, business development, sales leadership, and capital markets. Previously spent fourteen years at BMO Equipment Finance as Managing Director and U.S. National Sales Manager, with earlier senior roles at PNC Bank, National City Bank, Charter One Bank, American Finance Group, and ATEL Capital Group.

Jim Robertson· Executive Vice President, Private Debt· Belvedere Tiburon, California, United Statesin

Jim Robertson serves as Executive Vice President of Private Debt at ATEL Capital Group. He has 34 years of experience in the financial services industry spanning sales in asset management and fintech, marketing, product development, and client service. His work has included raising traditional and alternative assets across the institutional, intermediary, and high-net-worth markets, as well as involvement in the development of three products or platforms serving institutional and high-net-worth channels.

jrobertson@atel.com

Brian Kang· Vice President, Institutional Client Relations· San Jose, California, United Statesin

Brian Kang is Co-Founder and Managing Director at Nautilus Venture Partners, with more than 20 years of experience in venture investment, corporate development, and start-up incubation. His investment coverage spans technology sectors including mobile, communication infrastructure, software, services, semiconductor, consumer devices, and digital media across multiple investment stages. His portfolio includes Ayar Labs, Rescale, D-Matrix, and Volta Charging, along with companies acquired by firms such as Microsoft, Cisco, Broadcom, Sony, and Nuance.

brian@nautilusvp.com

Deb Rand· Legal Counsel· United Statesin

Managing Director and telecom-industry veteran who previously served as regional CEO at Highline Internet and CEO at USConnect Holdings, with experience in broadband grants and fiber network projects. Holds a BS from Marquette University.

drand@kineticventures.com

What they invest in

from 71 of 142 portfolio companies

Cleantech ×22Advanced Manufacturing ×18Hardware ×18Deep Tech ×15AI & Machine Learning ×14Energy ×13Biotech ×12New Materials ×10

HQs:United States×57Canada×2China×1Germany×1India×1Singapore×1

Who they back

founder profiles across 53 portfolio companies

47%

solo founders

25 of 53 mapped founding teams

28%

repeat founders

of 57 founders with career history

~3 yrs

old at investment

median across 9 dated deals

Founding team size:solo founder×252 founders×173 founders×84+ founders×3

Where their founders studiedfrom 55 founders with education data

Massachusetts Institute of Technology ×8University of California, Berkeley ×4Stanford University ×3Brown University ×2Carnegie Mellon University ×2Purdue University ×2Queen's University ×2The University of Texas at Austin ×2

What their founders studiedfrom 56 founders with field-of-study data

Engineering ×21Computer Science ×15Life Sciences ×8Business & Management ×4Chemistry ×4Economics ×4Physics ×3Finance & Accounting ×2

Where their founders worked beforefrom 57 founders with career history

Stanford University ×4Shopify ×3Cruise ×2Massachusetts Institute of Technology (MIT) ×2Microsoft ×2MIT ×2Northrop Grumman ×2Queen's University ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×8

25 founders hold a PhD · 2 hold an MBA (of 63 with degree data)

Investments · 142 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 2 2023 · 1 2021 · 1 2020 · 1 2019 · 1 2018 · 1 2016 · 1 2015 · 1 2013 · 2 2011 · 113 dated

Aspen Aerogelsaerogel.com inNYSE: ASPN

Aspen Aerogels engineers, manufactures, and commercializes aerogel-based materials for energy conservation and asset protection, including thermal runaway barriers, energy infrastructure insulation, and battery materials.

CleantechEnergyNew MaterialsNorthborough, US

Donald R. Young(Executive Officer, Director)inGeorge L. Gould(Executive Officer)inGregg R. Landes(Executive Officer)inJohn F. Fairbanks(Executive Officer)inHarry R. Walkoff(Executive Officer)Kevin A. Schmidt(Executive Officer)in

Co-investorsTenaya Capital

Axogenaxogeninc.euNASDAQ: AXGN

Axogen develops and commercializes technologies for peripheral nerve regeneration and repair, offering clinically proven surgical solutions to restore feeling and function to damaged nerves.

BiotechHealthtechMedical Devices

Michael Dale(Director, Chief Executive Officer and President)in

Co-investorsEssex Woodlands Healthcare Partners

Bloom Energybloomenergy.com in 𝕏NYSE: BE

Bloom Energy manufactures solid oxide fuel cell systems for onsite power generation at commercial, industrial, and data center facilities.

CleantechEnergyHardware

K.R. Sridhar(Founder, Chairman, and CEO)KR Sridhar, PhD(Founder, Chairman and Chief Executive Officer)

Co-investorsAlumni Ventures Artis Ventures Constellation Technology Ventures Dag Ventures Enerdigm Ventures G Squared +10 more

CytomX Therapeuticscytomx.com in 𝕏NASDAQ: CTMX

CytomX is a clinical-stage biopharmaceutical company developing conditionally activated biologic cancer therapies, including antibody-based treatments designed to target tumors while limiting effects on healthy tissue.

BiotechHealthtechSouth San Francisco, US

Sean A. McCarthy(Chief Executive Officer and Chairman)inMarcia P. Belvin(SVP, Chief Scientific Officer)inDawn Benson(SVP, Quality and Product Manufacturing)inWayne Chu(Chief Medical Officer)Rachael Lester(SVP, Chief Business Officer)in Chris Ogden(Chief Financial Officer)in

Co-investorsCanaan Partners Longitude Capital Pfizer Venture Investments Wellington Management OrbiMed Third Rock Ventures

Grove Collaborativegrove.co inNYSE: GROV

Grove is an e-commerce platform that curates and sells household and personal care products vetted against health and environmental standards.

Circular EconomyConsumerDirect to ConsumerE-commerceSan Francisco, US

Stuart Landesberg(Executive Officer, Director)inChris Clark(Director)in Jordan Savage inJeff Yurcisin(Chief Executive Officer, President and Director)in Tom Siragusa(Chief Financial Officer)in Keith Davey(Chief Technology Officer)in

Co-investors500 Global Bullpen Capital Forefront Venture Glynn Capital Management Gutbrain Ventures Hemisphere Ventures LLC +12 more

Lam Researchlamresearch.com in 𝕏NASDAQ: LRCX

Lam Research designs and manufactures semiconductor processing equipment used in the fabrication of computer chips.

Advanced ManufacturingDeep TechEnterprise SoftwareHardwareSemiconductorsFremont, US

David K. LaminTim Archer(President and Chief Executive Officer)in

Co-investorsMatrix Mayfield Fund

Twist Biosciencetwistbioscience.com in 𝕏NASDAQ: TWST

Twist Bioscience develops a silicon-based synthetic DNA manufacturing platform that produces high-quality DNA, genes, and NGS reagents for customers in medicine, agriculture, and industrial chemicals.

BiotechDeep TechSemiconductorsSouth San Francisco, US

William Charles Banyai(Executive Officer, Director, Promoter)Bill James Peck(Executive Officer, Promoter)Emily Leproust(Founder)inEmily Leproust, PhD(CEO and Co-Founder of Twist)Patrick Finn(President and Chief Operating Officer)in Adam Laponis(Chief Financial Officer)in

Co-investors+ND Capital 3E Bioventures Capital ARCH Venture Partners Asset Management Company Bay City Capital Black Opal Ventures +10 more

Alice Bobalice-bob.com in 𝕏

Alice & Bob develops quantum computing hardware based on the cat qubit, a qubit design with built-in error correction, and offers Helium, a testbed for error correction.

Deep TechHardwareQuantum Computing

Raphaël Lescanne(Founder)in

Co-investorsC4 Ventures Elaia Open Field Capital Supernova Invest Atlantic Vantage Point AXA Venture Partners +2 more

Apeel Sciencesapeel.com in 𝕏

Apeel Sciences develops plant-based coatings derived from fatty acids and glycerides—ingredients naturally found in plant peels and seeds—that are applied to fresh fruits and vegetables to extend shelf life, preserve flavor and nutrients, and reduce reliance on refrigeration, pesticides, waxes, and plastics.

AgTechCircular EconomyCleantechClimate TechFoodTech

Lou James Rogers(Founder)inJenny Du(Founder)in

Co-investors3cubed Ventures A-Rod Corp AgFunder Andreessen Horowitz Bild Alternative Investments Corporation DBL Partners +19 more

ARRIS Compositesarriscomposites.com in 𝕏

ARRIS is an advanced manufacturing technology company that uses its Additive Molding process to align continuous fibers, electronics, and metallic components into topology-optimized composite parts.

Advanced ManufacturingDeep TechHardwareNew MaterialsBerkeley, US

Riley Reese(Executive Officer, Director, Promoter)in Ethan Escowitz(Director, Promoter)inHuang Lee(Director)Carl Bass(Director)Greg Papadopoulous(Director)Timothy Brown(Director)

Co-investorsAlumni Ventures Blue Ivy Ventures Bosch Ventures MVP Ventures New Enterprise Associates (NEA)Strawberry Creek Ventures +1 more

Astranisastranis.com in 𝕏

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

John Gedmark(Founder/CEO)in Ryan McLinko(Founder/CTO)inMike Mancini(Executive Officer)

Board Martin Casado(Director)in Ethan Batraski(Director)inDan Berkenstock(Director)

Co-investorsAndreessen Horowitz Black Flag BoxGroup Cantos Ventures Cherubic Ventures Commonweal Ventures +84 more

Beta Hatchbetahatch.com in

Seattle, US

Virginia Emery(Executive Officer, Director, Promoter)in

Co-investorsE8 Angels Innova Memphis, Inc.Cavallo Ventures Lewis & Clark AgriFood

Bluerivertbluerivert.comAcquired

Blue River Technology builds computer-vision and machine-learning robots that treat crops plant-by-plant; a Deere subsidiary since 2017.

Co-investorsStanford Angels & Entrepreneurs Innovation Endeavors Khosla Ventures Pontifax AgTech

Carbon Upcyclingcarbonupcycling.com

Carbon Upcycling converts carbon emissions and industrial waste byproducts into valuable materials for low-carbon cement production.

Circular EconomyCleantechClimate TechNew Materials

Co-investorsAmplify Capital Clean Energy Venture Clean Energy Ventures Climate Investment BDC Capital Corporation

Charge Roboticschargerobotics.comJul 2024

Charge Robotics automates labor-intensive tasks in solar construction to address deployment bottlenecks as demand for solar energy grows.

Advanced ManufacturingCleantechClimate TechConstruction TechRoboticsSan Francisco, US

Banks Hunter(Founder)in Max Justicz(Founder)in

Co-investorsCollaborative Fund Outset Capital Soma Capital Sun Road Syndicate The E14 Fund Y Combinator +3 more

Chelsio Communicationschelsio.com

Chelsio develops high-performance networking and storage acceleration hardware and software for enterprise data centers, cloud services, and cluster computing environments.

Cloud ComputingData & InfrastructureEnterprise SoftwareHardware

Co-investorsNew Enterprise Associates (NEA)Invesco LSI

ClearMotionclearmotion.com in

ClearMotion develops active suspension systems for automotive vehicles.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareMobility & TransportationChangshu, CN

Zack Anderson(Founder)inShak Avadhany(Founder)Zackary Anderson(Executive Officer, Director)Shakeel Avadhany(Executive Officer, Director)in Christian Steinmann(CEO)in

BoardKrishna Kolluri(Director)

Co-investorsEileses Capital M12 (Microsoft's Venture Fund)New Enterprise Associates (NEA)NewView Capital Qualcomm Ventures Verissimo Ventures +4 more

CloudTruckscloudtrucks.com in 𝕏

CloudTrucks provides a platform that connects independent truck owner-operators to a network of carriers for freight shipping, handling compliance and cash flow management.

Logistics & Supply ChainSaaS

Tobenna Arodiogbu(Founder & CEO)inJin Shieh(Founder)in George Ezenna(Founder)in

Co-investorsAbstract Ventures Better Tomorrow Ventures Craft Ventures Humba Ventures Kindred Ventures Menlo Ventures +4 more

Covercover.com 𝕏Defunct

A mobile application that lets users photograph items to obtain insurance quotes from multiple carriers.

FintechInsurTechSan Francisco, US

Karn Saroya(Founder/CEO)inAnand Dhillon(Founder)inNatalie Gray(Founder/Design)in

Co-investorsCota Capital General Catalyst gumi Inc Sand Hill Angels Tribe Capital Valor Equity Partners +26 more

Ecologic Solutionsecologicsolutions.com in 𝕏Sep 2013

EcoLogic Solutions is a certified B Corp that develops sustainable cleaning and disinfecting products, equipment, and service programs for industries including hospitality, facilities, agriculture, and food manufacturing.

CleantechClimate TechNew MaterialsBrooklyn, US

Anselm Doering(Founder, President & CEO)Joshua Knight(Executive Officer, Director)Shani Christopher(Partner, Sr. VP of Sales & Operations)inKashyap Patel(CFO)

BoardSavneet Singh(Director)

Edeniqedeniq.com

Edeniq develops analytical chemistry methods to measure sugars and carbohydrates in grains and agricultural materials, and provides fiber and cellulosic testing services to ethanol producers.

AgTechCleantechEnergyVisalia, US

Co-investorsAngeleno Group Draper Fisher Jurvetson (DFJ)Kleiner Perkins Owl Capital The Westly Group

eFolderefolder.net in 𝕏

Axcient provides business continuity and disaster recovery (BCDR) software using proprietary chain-free, image-based backup technology to protect servers, endpoints, SaaS data, and files across on-premises, cloud, and hybrid environments.

Cloud ComputingCybersecuritySaaSAtlanta, US

KEVIN J. HOFFMAN(Executive Officer)in

BoardGEORGE C. WELBORN, JR.(Director)WILLIAM E. GROSS(Director)DAN GHAMMACHI(Director)TAYLOR BEAUPAIN(Director)

Co-investorsEscalate Capital Partners K1 SPECIAL

Enerkemenerkem.com in

Enerkem converts non-recyclable waste and biomass residues into biofuels and chemicals using gasification and syngas conditioning technology.

Circular EconomyCleantechClimate TechEnergyNew MaterialsMontreal, CA

Esteban Chornet(Founder, Professor Emeritus at Université de Sherbrooke)inVincent Chornet(Co-founder)

Co-investorsBraemar Energy Ventures Rho Ventures Saints Capital Cycle Capital Fondaction Fonds de solidarité FTQ +3 more

Enevateenevate.com

Enevate Technologies Corporation develops and licenses silicon-based anode and lithium-ion battery technology offering fast charging, high energy density, and improved safety.

CleantechMobility & TransportationNew Materials

Co-investorsAlliance Ventures Elevation Ventures Presidio Ventures Quantum Valley Investments Draper Fisher Jurvetson (DFJ)Tsing Capital

Farmwisefarmwise.io

Advanced ManufacturingWellesley, US

David Peters(Executive Officer, Director)

BoardCristina Peters(Director)Wesley Atamian(Director)

Co-investorsAlumni Ventures Basis Set Ventures Calibrate Ventures GV (Google Ventures)Array Ventures Management Llc Calibrate Management +1 more

Fast Radiusfastradius.comacquired by Sybridge

Fast Radius was a Chicago-based digital manufacturing company offering on-demand 3D printing, CNC machining, and injection molding through a cloud manufacturing platform.

Advanced ManufacturingChicago, US

Lou Rassey(Executive Officer, Director)Davd Mitchell Free(Executive Officer)Pat McCusker(Executive Officer)David Mitchell Free(Executive Officer)

BoardRichard A. Smith(Director)David Crowder(Director)

Co-investorsAlumni Ventures Drive Capital Hyde Park Venture Partners Tech Square Ventures Energize Capital Jump Capital +1 more

Five9five9.com in 𝕏

Five9 provides a cloud-based contact center and customer experience platform powered by AI, helping enterprises deliver personalized and proactive customer interactions across channels.

AI & Machine LearningCloud ComputingEnterprise Software

Mike Burkland in

Co-investorsHummer Winblad Venture Partners (HWVP)Sapphire Ventures Silver Lake Partners WSFS Bank

Function of Beautyfunctionofbeauty.com in 𝕏

Function of Beauty creates customized haircare and beauty products tailored to individual customer specifications using proprietary algorithms and naturally-derived formulas.

ConsumerDirect to ConsumerE-commerceWellness & FitnessNew York City, US

Zahir Dossa(Founder)in Hien Kaplan(Founder)in Joshua Maciejewski(Founder/COO)in

Co-investorsBullish EQUIAM Notable Capital SoGal Ventures SQN Venture Partners, LLC Y Combinator +7 more

Harbinger Motorsharbingermotors.com in 𝕏

Harbinger Motors designs and manufactures electric vehicles built on medium-duty platforms for commercial and industrial transportation.

CleantechHardwareMobility & TransportationGarden Grove, US

John Harris(Chief Executive Officer & CoFounder)in Phillip Weicker(Executive Officer, Director, Promoter)inBenjamin Dusastre(Executive Officer)Ryan Clinton(Director)inWilliam Eberts(Executive Officer, Director, Promoter)

BoardGilbert Passin(Director)

Co-investorsAcequia Capital (AceCap)Carbon Greycroft Ground Up Ventures In-Q-Tel Lakewest Venture Partners +13 more

Hexagon Biohexagonbio.com in

Hexagon Bio develops novel payload mechanisms for antibody-drug conjugates (ADCs) aimed at overcoming resistance to current cancer treatments and expanding ADC indications.

BiotechDeep TechHealthtechMenlo Park, US

Colin James Bell Harvey(Director)Brian T. Naughton(Director)inMaureen Hillenmeyer(CEO & Co-Founder)in

BoardAlex Kolich(Director)

Co-investorsB3 Holding Nextech Invest SoftBank Vision Fund The Column Group 8VC Casdin Capital +1 more

Hyperloop Onehyperloop-one.com 𝕏Oct 2016acquired by DP World

Xoilac TV (Xoilac86.tv) is a free Vietnamese-language website that provides live streaming links for football matches in HD, covering international competitions such as the Champions League, Premier League, La Liga, Serie A, and the World Cup as well as domestic Vietnamese leagues.

ConsumerMedia & EntertainmentSports TechHo Chi Minh City, VN

Co-investorsBase Venture Management, Inc.Manta Ray Ventures

Hyperloop Technologieshyperlooptech.com 𝕏Dec 2015

The site is an affiliate-style comparison page ranking US-facing online casinos by game RTP and withdrawal speed, reviewing operators' bonus terms, payment methods and licensing.

ConsumerMedia & EntertainmentTravel & HospitalityLos Angeles, US

SHERVIN PISHEVAR(Executive Officer, Director)BROGAN BAMBROGAN(Executive Officer)PETER DIAMANDIS(Director)

BoardDAVID SACKS(Director)JOE LONSDALE(Director)JIM MESSINA(Director)

Co-investors137 Ventures GE Ventures SherpaVentures

Inevitable Techinevitabletech.com in 𝕏Series BDefunct

Inevitable Tech builds a fully automated, plug-and-play plant propagation system that gives growers precise control over climate, lighting, and nutrients, using a closed-loop design with built-in perception to detect pests and disease early.

Advanced ManufacturingAgTechClimate TechHardwareRoboticsSan Francisco, US

Brandon Alexander(Founder/CEO)inJonathan Binney(Founder/CTO)in

Co-investorsAmplify Partners At One Ventures Breakthrough Energy Ventures Eniac Ventures Innovating Capital Pathbreaker Ventures +11 more

IntelePeerintelepeer.com in 𝕏May 2011

IntelePeer provides an enterprise communications platform with AI-powered virtual agents, automation, and real-time analytics for customer, patient, and employee interactions.

AI & Machine LearningEnterprise SoftwareSaaSSan Mateo, US

Frank Fawzi(Executive Officer, Director)in Haydar Haba(Executive Officer, Director)inMargaret Norton(Executive Officer)in John Belanger(Executive Officer)inBruce Posey(Executive Officer)inAndre Simone(Executive Officer)

Co-investorsAccel-KKR Partners for Growth Partners for Growth (PFG)VantagePoint Capital Partners Coller Capital Hollyport Capital +2 more

Ioxusioxus.com

IOXUS manufactures ultracapacitor cells and modules, including products that add supplemental energy to truck electrical systems to improve starting reliability.

Advanced ManufacturingCleantechEnergyHardwareOneonta, US

Chad Hall(Co-Founder and President)inHenry Barber(Executive Officer)Jim Norrod(Director)Mark McGough(Executive Officer, Director)Scottie Johnson(CEO)

Board Neil Suslak(Director)in

Co-investorsBraemar Energy Ventures Cayuga Venture Fund IFC The Westly Group

Isar Aerospaceisaraerospace.com in 𝕏

Isar Aerospace provides launch services for small and medium-sized satellites and satellite constellations, targeting global customers seeking access to space.

Advanced ManufacturingDeep TechHardwareSpace TechMunich, DE

Daniel Metzler(Chief Executive Officer)in Josef Fleischmann(Chief Technical Officer)in Stella Guillen(Chief Commercial Officer)in

Co-investorsBayern Kapital Cipio Partners CoastCap Earlybird Venture Capital Holtzbrinck Ventures HV Capital +9 more

Kabamkabam.ai in

KABAM Robotics builds autonomous robots for surveillance, security patrolling, and facility inspections, aimed at addressing labor shortages and manpower costs.

AI & Machine LearningCybersecurityDeep TechHardwareIoTLogistics & Supply ChainRoboticsSingapore, SG

Co-investorsCanaan Partners Elev8.vc GV (Google Ventures)Alibaba Group Intel Capital Pinnacle Ventures +2 more

Kaminariokaminario.com in

Provider of high performance all solid-state (SSD) SAN storage solutions.

Co-investorsTenaya Capital

Katerrakaterra.com

Grand Cayman

Michael E. Marks(Director)

Co-investorsDesigner Fund Manta Ray Ventures

Limeli.me in 𝕏

Lime operates a shared micromobility service offering short-term rentals of electric bikes and scooters.

CleantechConsumerMarketplacesMobility & TransportationSan Francisco, US

Wayne Ting(CEO)in

Co-investorsAcurio Ventures Akkadian Ventures Amity Ventures Andreessen Horowitz Atomico Bain Capital Ventures +33 more

Linden Lablindenlab.com in 𝕏Acquired

Linden Lab operates Second Life, a virtual world where users can create, socialize, and conduct economic activity, and Tilia, a licensed money services business that facilitates virtual economy transactions.

Creator EconomyFintechGamingSocialSan Francisco, US

Philip Rosedale(Founder)in

Co-investorsGlobespan Capital Partners Saints Capital Top Corner Capital Benchmark

Luxteraluxtera.comOct 2013

Global leader in silicon photonics, first to achieve direct 'fiber to the chip' integration on CMOS.

Carlsbad, US

Eli Yablonovitch(Director)Greg Young(Executive Officer, Director)inTom Foody(Executive Officer)

BoardAndy Rappaport(Director)Rohini Chakravarthy(Director)inForest Baskett(Director)

Co-investorsAugust Capital Cisco Investments OUP (Osage University Partners)TEL Venture Capital, Inc.

Luxwallluxwall.com in 𝕏

LuxWall manufactures transparent insulation products for buildings that enhance daylighting, regulate indoor temperatures, and reduce noise.

Advanced ManufacturingCleantechConstruction TechEnergyPropTechYpsilanti, US

Scott V. Thomsen(Executive Officer, Director)inDominic Casinelli(Executive Officer)inJay Rothenberg(Executive Officer)Jose Nunez-Regueiro(Executive Officer)in

BoardSteven Poulter(Director)Cindi Bough(Director)in

Co-investorsBaruch Future Ventures Breakthrough Energy Ventures Carbon Climate Investment Congruent Ventures Prelude Ventures +1 more

Machina Labsmachinalabs.ai in 𝕏

Machina Labs builds and operates software-defined factories using AI-guided robotics to manufacture complex metal structures and components from digital designs.

Advanced ManufacturingAI & Machine LearningRoboticsChatsworth, US

Edward Mehr(Executive Officer, Director)inBabak Raeisi Nia(Executive Officer, Director)

Board Peter Lee(Director)in Scott Brady(Director)in Sam Smith-Eppsteiner(Director)in

Co-investorsAIX Ventures Alumni Ventures Atento Capital Balerion Space Ventures Cadron Capital Partners Congruent Ventures +16 more

Maculogixmaculogix.com

Medical devices company; acquired by LumiThera.

Co-investorsLife Sciences Greenhouse Investments Vivo Capital

Mangrove Lithiummangrovelithium.com in 𝕏

Mangrove Lithium is a cleantech company that develops a patented, feedstock-flexible electrochemical refining technology to convert diverse lithium feedstocks into battery-grade lithium hydroxide and carbonate.

CleantechEnergyNew MaterialsDelta, CA

Saad Dara(CEO & Co-Founder)in David St. Angelo(Chief Technology Officer)in Annie Liu(Chief Commercial and Strategy Officer)in

Co-investorsBMW i Ventures Breakthrough Energy Ventures BDC Capital Corporation Canada Growth Fund Orion Industrial Ventures Asahi Kasei Corporate Venture Capital +3 more

May Mobilitymaymobility.com in 𝕏

May Mobility develops multi-policy decision-making technology for autonomous vehicles that processes real-time sensor data to analyze driving scenarios and optimize safety.

Advanced ManufacturingAI & Machine LearningMobility & TransportationRoboticsAnn Arbor, US

Edwin Olson(Founder/CEO)in Dr. Edwin Olson(CEO and Founder)in

Co-investorsMillennium New Horizons 1843 Capital Base Venture Management, Inc.BMW i Ventures Expansion Venture Capital LG Technology Ventures +29 more

MedGenomemedgenome.com in 𝕏

MedGenome provides genetic and molecular diagnostic testing across areas including reproductive care, rare hereditary conditions, oncology, and infectious diseases, and operates a CAP-accredited multiomics laboratory with high-throughput sequencing and a proprietary analytics platform.

BiotechDigital HealthHealthtechMedical DevicesBangalore, IN

Co-investorsNovo Holdings Sofina Peak XV Partners LeapFrog Investments

MiaSolémiasole.com

MiaSolé produces lightweight, flexible thin-film CIGS solar cells and turnkey cell-manufacturing equipment, used in applications from commercial roofing panels to portable mobile devices.

CleantechEnergyNew Materials

Co-investorsAgility Capital VantagePoint Capital Partners

Molten Industriesmoltenindustries.com in 𝕏

Molten Industries develops chemical reactor technology that splits natural gas into hydrogen and graphite using electrical resistive heating for battery anode production and industrial hydrogen supply.

Advanced ManufacturingCleantechEnergyNew MaterialsWest Oakland, US

Kevinin Caleb Boyd(Cofounder)in

Co-investorsBreakthrough Energy Ventures Fifty Years J4 Ventures Moai Capital Sozo Ventures Union Square Ventures (USV)+1 more

Mycoworksmycoworks.com in 𝕏

MycoWorks produces Reishi, a premium biomaterial made from Fine Mycelium, used as a sustainable leather alternative in furniture, design, and automotive products.

BiotechCircular EconomyNew MaterialsEmeryville, US

Philip Ross(Director)inMichael Lindheim(Executive Officer)Matthew Scullin(Executive Officer, Director)in

Board Kiersten Stead(Director)inThomas Grotkjaer(Director)

Co-investorsDCVC (Data Collective)Hemisphere Ventures LLC Valor Equity Partners Wireframe Ventures 8VC AgFunder +7 more

Omniomeomniome.comAcquired

San Diego DNA sequencing company behind the Sequencing by Binding short-read platform; acquired by Pacific Biosciences in 2021.

BiotechSan Diego, US

David S. Mullarkey(Executive Officer, Director)Arnold Oliphant(Executive Officer)inKen Song, M.D., Ph.D.(Executive Officer, Director)Kelly Perez(Executive Officer)John Murphy, Ph.D.(Executive Officer)Millard Y Chan(Chief Operating Officer, Secretary and Director)

Co-investorsARCH Venture Partners DCVC (Data Collective)Decheng Capital Lam Capital Pivotal Life Sciences ALTITUDE LIFE SCIENCE VENTURES +3 more

ON24on24.com in 𝕏Acquired

ON24 provides a digital engagement platform that uses AI to turn webinars, content hubs, and virtual events into personalized content journeys for B2B sales and marketing teams.

AI & Machine LearningMarketing TechSaaS

Sharat Sharan(Founder)in

Co-investorsBand of Angels Canaan Partners MidCap Financial Investment Rho Ventures Saints Capital Second Alpha Partners +3 more

Outpace Biooutpacebio.com inJul 2024

Outpace Bio develops engineered protein technologies and cell therapies to treat solid tumors, focusing on protein design and T cell engineering to improve cancer treatment efficacy and safety.

BiotechDeep TechMedical DevicesSeattle, US

Marc Lajoie(Co-founder & Chief Executive Officer)in Scott Boyken(Co-founder & Chief Innovation Officer)inStanley Riddell(Co-Founder and Scientific Advisor)Aaron Foster(Executive Officer)inCharity Scripture(Executive Officer)in Eric Soller(Executive Officer)in

Co-investorsArtis Ventures RA Capital Abstract Ventures Atinum Investment Co. Ltd.Civilization Ventures Management, Llc Modi Ventures +8 more

Paradromicsparadromics.com in 𝕏

Paradromics develops a brain-computer interface (BCI) system, with FDA Breakthrough Device Designations for speech decoding and digital device control, and works with academic medical institutions on translational BCI research.

BiotechDeep TechHealthtechMedical DevicesAustin, US

Matt Angle(Founder and CEO)in

Co-investors15th Rock Alpha Edison Anthropy Partners Capital Factory CloudStone Capital CoastCap +25 more

Pendulumpendulumlife.com

Pendulum is a probiotic and prebiotic supplement company that develops clinically-tested products targeting gut health, metabolic function, and glucose control, including proprietary strains like live Akkermansia.

HealthtechWellness & Fitness

Co-investorsCross-Border Impact Ventures DCVC (Data Collective)Felicis Ventures Lowercarbon Capital Sequoia Capital Sunflower Capital Management Fund +3 more

Phononic, Inc.phononic.com in 𝕏

Phononic develops solid-state cooling technology for data centers, focusing on thermal management solutions for critical infrastructure such as optical transceivers, GPUs, and AI accelerators.

AI & Machine LearningData & InfrastructureDeep TechEnergyHardwareDurham, US

Tony Atti(Co-Founder & CEO)in

Co-investorsNotable Capital Oak Investment Partners Rex Health Ventures SQN Venture Partners, LLC Top Corner Capital Venrock

Plant Prefabplantprefab.com in 𝕏

Plant Prefab makes prefabricated buildings using a panel-based construction system that spans from open-cavity panels to finished modules, allowing custom solutions tailored to a project's design, site, and budget.

Advanced ManufacturingCleantechConstruction TechPropTechArvin, US

Steve Glenn(Founder)in

Board Michael Mann(Director)inRamin Kolahi(Director)

Co-investorsArba LLC Asahi Kasei Corporate Venture Capital Manta Ray Ventures Obvious Ventures Ferguson Ventures

REEF Technologyreeftechnology.com inApr 2020

REEF converts underused parking lots and garages into neighborhood hubs hosting ghost kitchens, delivery, retail and healthcare.

Miami, US

Ari Ojalvo(Executive Officer, Director)Adan Gossar(Executive Officer)inCarl Segal(Executive Officer)Jillian Hunt(Executive Officer)in David Kownator(Executive Officer)in Matt Lindenberger(Executive Officer)in

Co-investorsArzan VC BY Venture Partners LDR Ventures PNYX Ventures SoftBank Vision Fund Target Global +5 more

Revolution Foodsrevolutionfoods.com in

Revolution Foods is the largest K-12 school meal vendor in California, serving nutritious meals to students and seniors.

FoodTechImpact & Social GoodCalifornia, US

Kristin Groos Richmond(Co-founder)Kirsten Saenz Tobey(Co-founder)George Blanco(CEO)in Kendall Baker(Executive Officer)inKathy Roland(Director)

BoardJed Smith(Director)

Co-investorsCollaborative Fund DBL Partners NGEN Partners Oak Investment Partners Fearless Ventures Revolution +1 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

3D Glass SolutionsActive SurgicalApplied MaterialsASMLAudience ScienceAxial BiotherapeuticsBoingoBooster Fuels, Inc.BoweryCambriosCedar Point CommunicationsComplete GenomicsConfidential Autonomous Vehicle DeveloperConvioCryocorCymbetDangerDelivery AgentDigital OceanDivergentDrawbridgeElegen BioEmulateEnphaseGangaGenImergy Power SolutionsInfiniRoute NetworksInnovaLightInsight One, Inc.Ionic MaterialsIperianJustKinestralLightshipLS9Menlo MicroMicrofabricaMillennium Pharmacy SystemsMitraChemMotoSportNanogram CorporationNexPlanarNobell FoodsOpenpagesOpSourcePrimet Precision MaterialsRaydianceRecyclebankRedoxbloxRenal SolutionsRenew DataSensitySling MediaSolFocusStarciteStepLabTechnoratiTelePacific CommunicationsTriluminaTrue North TherapeuticsXiacatoZeevo

Exits · 16

8 IPOs · 8 acquisitions · showing 11

Aspen AerogelsNYSE: ASPNAxogenNASDAQ: AXGNBloom EnergyNYSE: BECytomX TherapeuticsNASDAQ: CTMXGrove CollaborativeNYSE: GROVLam ResearchNASDAQ: LRCXTwist BioscienceNASDAQ: TWSTFast Radiusacq. by SybridgeHyperloop Oneacq. by DP Worldsilverpopacq. by AcousticTegileacq. by DDN (DataDirect Networks)

Portfolio news

latest coverage across their companies

Twist Bioscience to Report Fiscal 2026 Third Quarter Financial Results on Monday, August 3, 2026 - BioSpace

Twist Bioscience · biospace.com · Jul 16, 2026

Former OpenAI exec Kevin Weil is now on the board of Stoke Space | TechCrunch

Stoke Space · techcrunch.com · Jul 8, 2026

Astranis Raises $455M in Funding

Astranis · finsmes.com · May 7, 2026

Carbon Upcycling Technologies Raises $10M in Funding

Carbon Upcycling · finsmes.com · Apr 2, 2026

Sandbox VR Accelerates Growth, Hitting $300M in Lifetime Sales and Scaling to more than 80 Global Locations, Continued Expansion Underway through 2026

Sandbox VR · finance.yahoo.com · Mar 26, 2026

Machina Labs Raises $124M in Series C Funding

Machina Labs · finsmes.com · Feb 4, 2026

Harbinger Raises $160 Million in Series C Funding Co-Led by FedEx, Capricorn and THOR Industries; FedEx Places Order for Delivery Beginning in 2025 - Harbinger Motors

Harbinger Motors · harbingermotors.com · Nov 13, 2025

Ioxus Awarded $100,000 SuperBoost Grant to Launch MUSE Ultracapacitor Grid Stabilization Demonstrator

Ioxus · finance.yahoo.com · Sep 25, 2025

Frequently asked questions

How many investments has ATEL Ventures made?: ATEL Ventures has 142 tracked investments, 16 of which have exited, including 1 dated in the last 24 months.
What stage does ATEL Ventures invest at?: ATEL Ventures invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does ATEL Ventures focus on?: ATEL Ventures focuses on Biotech, Cleantech, Consumer, Deep Tech, Energy, Hardware, New Materials, Robotics, Sector Agnostic, Space Tech.
Where is ATEL Ventures located?: ATEL Ventures is headquartered in San Francisco, US.
Does ATEL Ventures lead rounds?: ATEL Ventures typically participates in rounds rather than leading them.
Who does ATEL Ventures co-invest with?: ATEL Ventures most often shares deals with Y Combinator, Breakthrough Energy Ventures, Alumni Ventures, among 418 tracked co-investors.

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