/Investor DB

ATEL Ventures

Venture debt

San Francisco · Seed–Late Stage · 15 people tracked

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Investment thesis

ATEL Ventures lends to high-growth businesses at all stages and across a range of sectors, positioning venture debt as a strategic financing tool that lets founders extend runway, bridge to milestones, or fund capital expenditures without diluting equity. It is part of ATEL Capital Group, which pairs lending with equipment leasing of low-tech manufacturing, construction, and transportation assets for large corporations, alongside a commercial and residential real estate portfolio.

Source: firm website, verified Oct 17, 2026.

Stage
Seed–Late Stage
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Debt
Founded
2020
Tracked investments
142
Unicorns
5
IPOs
8
Acquisitions
8

Team · 15 people

from the firm's website & 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.

Bill Bullock· Senior Vice President, Capital Markets, ATEL Capital Groupin

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 Groupin

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

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 Groupin

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.

Steven Rea· President, ATEL Venturesin

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.

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 Debtin

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.

What they invest in

from 73 of 142 portfolio companies

Cleantech ×22Advanced Manufacturing ×18Hardware ×18AI & Machine Learning ×16Deep Tech ×15Biotech ×13Energy ×13Healthtech ×10

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

Who they back

founder profiles across 58 portfolio companies
40%
solo founders
23 of 58 mapped founding teams
30%
repeat founders
of 57 founders with career history
~3 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×232 founders×153 founders×124+ founders×8

Where their founders studiedfrom 54 founders with education data

Massachusetts Institute of Technology ×9University 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 ×2Microsoft ×2MIT ×2Northrop Grumman ×2Queen's University ×2Scotty Labs ×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 · 12024 · 22023 · 22021 · 12020 · 12019 · 12018 · 12016 · 12015 · 12013 · 22011 · 114 dated

Aspen Aerogelsaerogel.cominNYSE: 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.comin𝕏NYSE: 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)K. R. Sridhar(Founder)KR Sridhar(Founder)

Co-investorsAlumni VenturesArtis VenturesConstellation Technology VenturesDag VenturesEnerdigm VenturesG Squared+10 more

CytomX Therapeuticscytomx.comin𝕏NASDAQ: 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)inChris Ogden(Chief Financial Officer)in

Co-investorsCanaan PartnersLongitude CapitalPfizer Venture InvestmentsWellington ManagementOrbiMedThird Rock Ventures

Grove Collaborativegrove.coinNYSE: 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)inJordan SavageinJeff Yurcisin(Chief Executive Officer, President and Director)inTom Siragusa(Chief Financial Officer)inKeith Davey(Chief Technology Officer)in

Co-investors500 GlobalBullpen CapitalForefront VentureGaingelsGeneral AtlanticGlynn Capital Management+14 more

Lam Researchlamresearch.comin𝕏NASDAQ: 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-investorsMatrixMayfield Fund

Twist Biosciencetwistbioscience.comin𝕏NASDAQ: 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)inAdam Laponis(Chief Financial Officer)in

Co-investors+ND Capital3E Bioventures CapitalARCH Venture PartnersAsset Management CompanyBay City CapitalBlack Opal Ventures+10 more

Alice Bobalice-bob.comin𝕏

Alice & Bob develops quantum computing hardware based on cat-qubit technology, building superconducting quantum chips and cryogenic systems aimed at error-corrected quantum computation.

Deep TechHardwareQuantum Computing

Raphaël Lescanne(Founder)inThéau Peronnin(Founder)in

Co-investorsC4 VenturesElaiaNVIDIAOpen Field CapitalSupernova InvestAtlantic Vantage Point+3 more

Apeel Sciencesapeel.comin𝕏

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

LouJames Rogers(Founder)inJenny Du(Founder)in

Co-investors3cubed VenturesA-Rod CorpAgFunderAndreessen HorowitzBild Alternative Investments CorporationBVP Investors+21 more

ARRIS Compositesarriscomposites.comin𝕏

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)inEthan Escowitz(Director, Promoter)inHuang Lee(Director)Carl Bass(Director)Greg Papadopoulous(Director)Timothy Brown(Director)

Co-investorsAlumni VenturesBlue Ivy VenturesBosch VenturesMVP VenturesNew Enterprise Associates (NEA)Strawberry Creek Ventures+1 more

Astranisastranis.comin𝕏

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(CEO)inRyan McLinko(CTO)inMike Mancini(Executive Officer)Siamak Ebadi(Lead RF Engineer)inHall Chen(RF Payload Design)inShraddha Pandya(Talent Acquisition)

Co-investorsAndreessen HorowitzBlack FlagBoxGroupCantos VenturesCherubic VenturesCommonweal Ventures+87 more

Beta Hatchbetahatch.comin

Seattle, US

Virginia Emery(Executive Officer, Director, Promoter)in

Co-investorsE8 AngelsInnova Memphis, Inc.Cavallo VenturesLewis & 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 & EntrepreneursInnovation EndeavorsKhosla VenturesPontifax AgTech

Carbon Upcyclingcarbonupcycling.comJul 2023

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

Circular EconomyCleantechClimate TechNew MaterialsCalgary

Apoorv Sinha(Founder)inKathryn Wortsman(Director)Greg Boser(Director)Daniel Goldman(Director)

Co-investorsAmplify CapitalClean Energy VentureClean Energy VenturesClimate InvestmentCreative Destruction Lab (CDL)CRH Ventures+3 more

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)inMax Justicz(Founder)inPhaedra Randolph(Head of Strategy and Operations)inHardeep Dhillon(Head of Talent Acquisition)Alec Page(Head of Operations \u0026 Strategy)Shreya Nathan(Chief of Staff)

Co-investorsCollaborative FundFoundersX VenturesGaingelsOutset CapitalSoma CapitalSun Road Syndicate+4 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)InvescoLSI

ClearMotionclearmotion.comin

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)inChristian Steinmann(CEO)in

BoardKrishna Kolluri(Director)

Co-investorsEileses CapitalM12 (Microsoft's Venture Fund)New Enterprise Associates (NEA)NewView CapitalQualcomm VenturesVerissimo Ventures+4 more

CloudTruckscloudtrucks.comin𝕏

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)inJin Shieh(Founder)inGeorge Ezenna(Founder)in

Co-investorsAbstract VenturesBetter Tomorrow VenturesCraft VenturesHalf Court VenturesHumba VenturesKindred Ventures+5 more

Covercover.com𝕏Defunct

The page is an informational article about the importance of regularly comparing insurance options rather than letting policies auto-renew.

FintechInsurTechSan Francisco, US

Karn Saroya(CEO)inAnand Dhillon(Founder)inNatalie Gray(Design)inAndy Wang(Director of Finance \u0026 Operations)inAnthony De Guzman(Head of Growth)in

Co-investorsCota CapitalGaingelsGeneral Catalystgumi IncSand Hill AngelsTribe Capital+27 more

Ecologic Solutionsecologicsolutions.comin𝕏Sep 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 GroupDraper Fisher Jurvetson (DFJ)Kleiner PerkinsOwl CapitalThe Westly Group

eFolderefolder.netin𝕏

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 PartnersK1 SPECIAL

Enerkemenerkem.comin

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(Cofounder and Director Emeritus)inVincent Chornet(Cofounder)Michel Chornet(Chief Executive Officer)in

Co-investorsBraemar Energy VenturesRho VenturesSaints CapitalAvenue Capital GroupCycle CapitalFondaction+4 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 VenturesElevation VenturesPresidio VenturesQuantum Valley InvestmentsDraper Fisher Jurvetson (DFJ)Tsing Capital

Farmwisefarmwise.io

FarmWise builds AI and computer vision weeding equipment that performs precision intra-row cultivation for farmers to remove weeds and reduce field passes.

Advanced ManufacturingAgTechAI & Machine LearningRoboticsWellesley, US

David Peters(Executive Officer, Director)Sebastien Boyer(Founder)Sebastien Boyer Thomas Palomares(Founder)Thomas Palomares(Founder)

BoardCristina Peters(Director)Wesley Atamian(Director)

Co-investorsAlumni VenturesBasis Set VenturesCalibrate VenturesGV (Google Ventures)Array Ventures Management LlcCalibrate 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 VenturesDrive CapitalHyde Park Venture PartnersTech Square VenturesEnergize CapitalJump Capital+1 more

Five9five9.comin𝕏

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 Burklandin

Co-investorsHummer Winblad Venture Partners (HWVP)Sapphire VenturesSilver Lake PartnersWSFS Bank

Function of Beautyfunctionofbeauty.comin𝕏

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(CEO)inHien Kaplan(Chief Scientist)inJoshua Maciejewski(COO)inHien Nguyen(Founder)Jolie Loeble(Chief People Officer)

Co-investorsBullishEQUIAMNotable CapitalSoGal VenturesSQN Venture Partners, LLCY Combinator+7 more

Harbinger Motorsharbingermotors.comin𝕏

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

CleantechHardwareMobility & TransportationGarden Grove, US

John Harris(Founder)inPhillip Weicker(Founder)inBenjamin Dusastre(Executive Officer)Ryan Clinton(Director)inWilliam Eberts(Executive Officer, Director, Promoter)Will Eberts(Founder)

Co-investorsAcequia Capital (AceCap)CarbonGreycroftGround Up VenturesIn-Q-TelLakewest Venture Partners+15 more

Hexagon Biohexagonbio.comin

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 HoldingNextech InvestSoftBank Vision FundThe Column Group8VCCasdin Capital+1 more

Hyperloop Onehyperloop-one.com𝕏Oct 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.com𝕏Dec 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 VenturesGE VenturesSherpaVentures

Inevitable Techinevitabletech.comin𝕏Series 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(CEO)inJonathan Binney(Robot Software Architect)inJamie Young(Senior Product Manager)Sarah Osentoski(Senior Vice President of Engineering)Will Sun(Senior Recruiter)

Co-investorsAmplify PartnersAt One VenturesBreakthrough Energy VenturesEniac VenturesInnovating CapitalPathbreaker Ventures+11 more

IntelePeerintelepeer.comin𝕏May 2011

IntelePeer's SmartAgent provides voice, SMS, and digital AI agents that handle patient-initiated interactions such as scheduling, billing inquiries, insurance eligibility, and after-hours routing, integrated directly with EHR/EMR systems.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHealthtechSaaSSan Mateo, US

Frank Fawzi(Executive Officer, Director)inHaydar Haba(Executive Officer, Director)inMargaret Norton(Executive Officer)inJohn Belanger(Executive Officer)inBruce Posey(Executive Officer)inAndre Simone(Executive Officer)

Co-investorsAccel-KKRPartners for GrowthVantagePoint Capital PartnersColler CapitalHollyport CapitalManulife Investment Management+1 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)

BoardNeil Suslak(Director)in

Co-investorsBraemar Energy VenturesCayuga Venture FundThe Westly Group

Isar Aerospaceisaraerospace.comin𝕏

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(Founder)inJosef Fleischmann(Founder)inStella Guillen(Chief Commercial Officer)inMarkus Brandl(Founder)

Co-investorsBayern KapitalCipio PartnersCoastCapEarlybird Venture CapitalHoltzbrinck VenturesHV Capital+9 more

Kabamkabam.aiin

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 PartnersElev8.vcGV (Google Ventures)Alibaba GroupIntel CapitalPinnacle Ventures+2 more

Kaminariokaminario.comin

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

Co-investorsTenaya Capital

Katerrakaterra.com

Grand Cayman

Michael E. Marks(Director)

Co-investorsDesigner FundManta Ray Ventures

Limeli.mein𝕏

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

CleantechConsumerMarketplacesMobility & TransportationSan Francisco, US

Toby Sun(Founder)inWayne Ting(CEO)inBrad Bao(Founder)

Co-investorsAcurio VenturesAkkadian VenturesAmity VenturesAndreessen HorowitzAtomicoBain Capital Ventures+35 more

Linden Lablindenlab.comin𝕏Acquired

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 PartnersSaints CapitalTop Corner CapitalWestern Technology InvestmentBenchmark

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)Axel Scherer(Founder)

BoardAndy Rappaport(Director)Rohini Chakravarthy(Director)in

Co-investorsAugust CapitalCisco InvestmentsOUP (Osage University Partners)TEL Venture Capital, Inc.New Enterprise Associates (NEA)

Luxwallluxwall.comin𝕏

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 VenturesBreakthrough Energy VenturesCarbonClimate InvestmentCongruent VenturesPrelude Ventures+1 more

Machina Labsmachinalabs.aiin𝕏

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(Founder)inBabak Raeisi Nia(Executive Officer, Director)Babak Raeisinia(Founder)

BoardPeter Lee(Director)inScott Brady(Director)inSam Smith-Eppsteiner(Director)in

Co-investorsAIX VenturesAlumni VenturesAtento CapitalBalerion Space VenturesCadron Capital PartnersCongruent Ventures+19 more

Maculogixmaculogix.com

Medical devices company; acquired by LumiThera.

Co-investorsLife Sciences Greenhouse InvestmentsVivo Capital

Mangrove Lithiummangrovelithium.comin𝕏

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(Founder)inDavid St. Angelo(Chief Technology Officer)inAnnie Liu(Chief Commercial and Strategy Officer)inAlfred Lam(Founder)Arman Bonakdarpour(Founder)David P. Wilkinson(Founder)

Co-investorsBMW i VenturesBreakthrough Energy VenturesBDC Capital CorporationCanada Growth FundOrion Industrial VenturesAsahi Kasei Corporate Venture Capital+3 more

May Mobilitymaymobility.comin𝕏

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(CEO)inDr. Edwin Olson(CEO and founder)inAlisyn Malek(COO)Steve Vozar(Founder)

Co-investorsMillennium New Horizons1843 CapitalBase Venture Management, Inc.BMW i VenturesExpansion Venture CapitalLG Technology Ventures+30 more

MedGenomemedgenome.comin𝕏

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 HoldingsSofinaPeak XV PartnersLeapFrog 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 CapitalVantagePoint Capital Partners

Molten Industriesmoltenindustries.comin𝕏

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

KevininCaleb Boyd(Founder)inKevin Bush(Founder)

Co-investorsBreakthrough Energy VenturesFifty YearsJ4 VenturesMoai CapitalSozo VenturesUnion Square Ventures (USV)+1 more

Mycoworksmycoworks.comin𝕏

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(Founder)inMichael Lindheim(Executive Officer)Matthew Scullin(Executive Officer, Director)inEddie Pavlu(Founder)Phil Ross(Founder)Sophia Wang(Founder)

Co-investorsDCVC (Data Collective)GaingelsHemisphere Ventures LLCSOSVValor Equity PartnersWireframe Ventures+9 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 PartnersDCVC (Data Collective)Decheng CapitalLam CapitalPivotal Life SciencesALTITUDE LIFE SCIENCE VENTURES+3 more

ON24on24.comin𝕏Acquired

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 AngelsCanaan PartnersMidCap Financial InvestmentRho VenturesSaints CapitalSecond Alpha Partners+3 more

Outpace Biooutpacebio.cominJul 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(Founder)inScott Boyken(Founder)inStanley Riddell(Co-Founder and Scientific Advisor)Aaron Foster(Executive Officer)inCharity Scripture(Executive Officer)inEric Soller(Executive Officer)in

Co-investorsArtis VenturesRA CapitalAbstract VenturesAtinum Investment Co. Ltd.Civilization Ventures Management, LlcGaingels+9 more

Paradromicsparadromics.comin𝕏

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)inRon Kelly(Director)Thomas Krummel(Director)Adam Kablanian(Director)

Co-investors15th RockAlpha EdisonAnthropy PartnersCapital FactoryCloudStone CapitalCoastCap+27 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 VenturesDCVC (Data Collective)Felicis VenturesLowercarbon CapitalSequoia CapitalSunflower Capital Management Fund+3 more

Phononic, Inc.phononic.comin𝕏

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(Founder)in

Co-investorsNotable CapitalOak Investment PartnersRex Health VenturesSQN Venture Partners, LLCTop Corner CapitalVenrock

Plant Prefabplantprefab.comin𝕏

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

BoardMichael Mann(Director)inRamin Kolahi(Director)

Co-investorsArba LLCAsahi Kasei Corporate Venture CapitalGaingelsManta Ray VenturesObvious VenturesWestern Technology Investment+1 more

Recyclebankrecyclebank.com

Recyclebank runs a points-based rewards program that lets members earn points for recycling and environmental activities such as planting trees, taking quizzes, and completing education programs, then redeem them for discounts at local businesses and on sustainable goods.

Circular EconomyConsumerImpact & Social Good

Co-investorsRRE Ventures

REEF Technologyreeftechnology.cominApr 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)inDavid Kownator(Executive Officer)inMatt Lindenberger(Executive Officer)in

Co-investorsArzan VCBY Venture PartnersLDR VenturesPNYX VenturesSoftBank Vision FundTarget Global+6 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 MaterialsRaydianceRedoxbloxRenal 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

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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, Climate Tech, 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 Gaingels, Y Combinator, Breakthrough Energy Ventures, among 438 tracked co-investors.

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