/Investors

Azimuth Capital Management

Venture capital

Calgary · Seed–Series C · 29 people tracked

Also known as AZIMUTH CAPITAL MANAGEMENT IV LTD. · AZIMUTH CAPITAL MANAGEMENT V LTD. · AZIMUTH ENERGY PARTNERS GP III LP

Find your way into Azimuth Capital Management

1,828 people in our graph share verified history with the Azimuth Capital Management team — schools, employers, funds. One of them is your warm intro.

Faraz Siddiquiunlockedknows Ryan Patryluk · together at Heenan Blaikie (overlapped)
×5knows the team · via Shell
×3knows the team · via University of British Columbia
knows the team · via FirstEnergy Capital Corp.
knows the team · via Program for Research and Investment Management Excellence (PRIME)
knows the team · via Hess Corporation
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Investment thesis

Azimuth's platform is dedicated to energy and critical minerals infrastructure development supporting the global AI supply chain, organized around three focus areas: critical minerals processing, baseload clean power and storage, and low carbon fuels. The firm believes securing industrial supply chains is key to de-bottlenecking exponentially growing AI compute. Its differentiator is in-house development platforms (Azimuth Development Partners and ADP AI Supply Chains) that create and build infrastructure companies from the ground up, deploying GP capital first to clear technical, commercial, and strategic thresholds before inviting external institutional capital. Its leadership team brings operating experience in large-scale energy and industrial platforms.

Source: firm website, verified Sep 22, 2026.

Stage
Seed–Series C
HQ
Calgary, CA
Instruments
Equity
Founded
2000
Private fund assets
$540.2M
Tracked investments
25
Acquisitions
1

Team · 29 people

from the firm's website
Francesco Mele· Partner and Chief Operating Officerin
Scott Jelec· Executive Directorin
Harry Brekelmans· Working Equity Partnerin

Working Equity Partner and director at Nexaltis, PureVolt, and MVCE.

Mark Zoback· Chief Scientist, Working Equity Partnerin

Chief Scientist and Working Equity Partner; director at PureVolt and MVCE.

Stephen J. Harper· Working Equity Partner

The Right Honourable Stephen J. Harper serves as a Working Equity Partner.

Carter Cranmer-Smith· Associatein
Cecilia Chau· Manager, Accounting & Taxin
Cherry Ma· VP, Financein
Chris Miller· Director of Nexaltis Minerals and PureVolt Energy Systems
Chris Stavrianou· Feedstock and Asset Advisor to Nexaltis Minerals
Dale Hohm· Senior Finance & Compliance Officer
Dirk Smit· Senior Scientific Advisor to Nexaltis Mineralsin
Heath DePriest· Operating Partnerin

Operating Partner and director at H Cycle and Nexaltis.

Linden Martin· Intern Analystin
Makoto (Max) Mizuyama· Operating Partnerin
Nick Kumleben· Advisor to Nexaltis Minerals and PureVolt Energy Systemsin

Founder mafia

2 people who came through Azimuth Capital Management went on to found or lead other companies.

What they invest in

from 15 of 25 portfolio companies

Energy ×12Cleantech ×5Advanced Manufacturing ×4Deep Tech ×4New Materials ×3Climate Tech ×2Enterprise Software ×2AI & Machine Learning ×1

HQs:Canada×5United States×2United Kingdom×1South Korea×1

Investments · 25 tracked

founders shown can be your intro path

By year:2024 · 12023 · 12022 · 22017 · 12014 · 16 dated

Enoflexenoflex.comin✓ verified

Enoflex develops flexible pipes for energy infrastructure using advanced polymer science and laser technology, serving the energy transition sector by enabling carbon capture, hydrogen distribution, and LNG transport.

Advanced ManufacturingCleantechClimate TechEnergy

Entradaresourcesentradaresources.ca✓ verified

Entrada Resources acquires and develops oil and gas assets in the Western Canadian Sedimentary Basin, using infill drilling, optimization, and enhanced recovery techniques.

Energy

Karveenergykarveenergy.com✓ verified

Karve Energy is a private oil exploration and production company focused on light oil production from the Viking play, with land holdings in the Consort and Hamilton Lake areas.

Energy

Bob Chaisson(Chief Executive Officer)

Steelhead LNGsteelheadlng.comin✓ verified

Steelhead LNG is a developer and licensor of a patented floating LNG export facility design (At-Shore LNG) that reconfigures traditional onshore LNG plant elements to lower cost and carbon footprint.

CleantechDeep TechEnergyVancouver, CA

Victor Ojeda(President)in

BoardRyan Patrylukin

Altex Energyaltex-energy.comJul 2014

Altex operates rail-based logistics infrastructure for transporting heavy crude oil and energy transition products from production to consumption markets in Canada.

EnergyLogistics & Supply ChainCalgary, CA

Aaron Bishop(Executive Officer)inGreg Molaro(Executive Officer)inWayne Bobye(Executive Officer, Director)Randy Meyer(Executive Officer)inLinda Cantlay(Executive Officer)

BoardDave Pearce(Director)in

Co-investorsKensington Capital Partners Limited

Black Swanblackswanliving.com

Black Swan Living is a resident-focused property management company that owns and operates single-family homes, apartments, and townhouses across Rochester.

ConsumerMarketplacesPropTechRochester, US

Olushile Akintade(Executive Officer)Latifat Akintade(Executive Officer)Jennie Eckstrom(Executive Officer)Nicholas Stageberg(Executive Officer)Andrew Eckstrom(Executive Officer)

Cobaltcobaltintl.comin

Cobalt International is an oil exploration, development, and production company.

Energy

Co-investorsBloomberg BetaFounders FundHighland EuropePromus VenturesSequoia CapitalStorm Ventures

Corex Resourcescorexresources.caMay 2017

Corex Resources Ltd. is a private junior oil and natural gas company focused on development drilling, farm-in opportunities, acquisitions, and exploration, primarily targeting light oil opportunities in Manitoba, Canada.

EnergyCalgary, CA

R.L, (Monty) Bowers(Executive Officer, Director)David Coppe(Director)Murray Nunns(Director)Howard Mayson(Director)Francois Doyon(Director)Lawrence Fenwick(Director)

H Cyclehcycle.comApr 2023

H Cycle develops clean energy solutions focused on waste-to-energy and hydrogen production, addressing global waste challenges including PFAS destruction.

CleantechClimate TechEnergy

Jorg Wimbert(Executive (energy strategy and commercial development))in

M Flow Techm-flow-tech.comin

M-Flow manufactures non-intrusive multiphase measurement systems for oil and gas wellheads, from initial frac flowback through production monitoring.

EnergyHardwareIoT

Magma Globalmagmaglobal.comin

Magma Global manufactures m-pipe, a composite subsea pipeline system made from PEEK and carbon fibre for oil and gas exploration and production.

Advanced ManufacturingDeep TechEnergyNew Materials

Monolithmonolithai.comin𝕏Jul 2022acquired by CoreWeave · Oct 2025

Monolith provides AI-powered tools for engineering and product testing, enabling teams to train machine-learning models to analyze test data, identify design issues, and optimize validation processes without requiring data science expertise.

Advanced ManufacturingAI & Machine LearningData & InfrastructureDeep TechDeveloper ToolsEnterprise SoftwareSaaS

Dr. Richard Ahlfeld(CEO & Board Director)

Co-investorsAscensionFounders FactoryFounders Factory NYInsight PartnersPentech VenturesTarget Global+2 more

Monolithmonolith.co.krJul 2022

Monolith (DSM) is a South Korean deeptech company operating in three divisions: intelligent entertainment (spatial game parks combining robotics, AI, and spatial computing), mobility (precision hardware for spatial control in robots and future vehicles), and energy (next-generation supercapacitors).

Deep TechEnergyRobotics

Co-investorsISU Venture CapitalTPGWarburg Pincus

Monolith Materialsmonolith-corp.cominSep 2024

Monolith produces carbon black using a thermal plasma hydrocarbon pyrolysis process, along with hydrogen and steam co-products used for energy.

Advanced ManufacturingCleantechNew MaterialsRedwood City, US

Peter L. Johnson(Executive Officer, Director)Robert J. Hanson(Executive Officer, Director)in

BoardJohannes Nieuwenburg(Director)Jason Montemurro(Director)Douglas Cameron(Director)JIM NIEUWENBURG(Director)

Co-investorsWarburg PincusBlackRockRsquaredTemasek

Recoverrecover-energy.com

Recover Energy develops technology to remediate drilling waste liabilities in the oil and gas industry.

Circular EconomyCleantechEnergyEnterprise SoftwareNew MaterialsCalgary, CA

Mike Biersteker(Co-founder, VP Regulatory & Land)Stan Ross(CEO & President)in

Co-investorsGoldman Sachs

Other

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

ArevaAusraCobalt International EnergyKarveMEGMegenergyMV Clean EnergyNexaltis MineralsPureVolt Energy SystemsSeven Generations

Exits · 1

1 acquisitions

Monolithacq. by CoreWeave

Frequently asked questions

How many investments has Azimuth Capital Management made?
Azimuth Capital Management has 25 tracked investments, 1 of which have exited.
What stage does Azimuth Capital Management invest at?
Azimuth Capital Management invests at the Seed, Series A, Series B, Series C stages.
What sectors does Azimuth Capital Management focus on?
Azimuth Capital Management focuses on Advanced Manufacturing, Cleantech, Climate Tech, Energy, FoodTech, Mobility & Transportation, New Materials, Semiconductors.
Where is Azimuth Capital Management located?
Azimuth Capital Management is headquartered in Calgary, CA.
Who does Azimuth Capital Management co-invest with?
Azimuth Capital Management most often shares deals with Founders Factory, Insight Partners, Kensington Capital Partners Limited, among 6 tracked co-investors.

Images

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