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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

13,345 people in our graph share verified history with the Azimuth Capital Management team — schools, employers, funds. One of them is your warm intro.

Alan Abbottunlockedknows Jeff van Steenbergen · together at Stanford University
knows the team · via Technical University of Munich
×2knows the team · via INSEAD
knows the team · via University of Calgary
×2knows the team · via Harvard University
knows the team · via Stanford University Graduate School of Business
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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 1, 2026.

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

Team · 29 people

from the firm's website
Jeff van Steenbergen· Co-Founder and Managing Partnerin
Dave Pearce· Deputy Managing Partnerin
Scott Jelec· Executive Directorin
Harry Brekelmans· Working Equity Partnerin

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

Linda Assante· Working Equity Partnerin

Working Equity Partner and director at 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 13 of 25 portfolio companies

Energy ×11Cleantech ×5Advanced Manufacturing ×4Deep Tech ×3New Materials ×3Climate Tech ×2Enterprise Software ×2AI & Machine Learning ×1

HQs:Canada×5United Kingdom×1United States×1

Investments · 25 tracked

founders shown can be your intro path

By year:2024 · 12022 · 12017 · 12014 · 14 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.com✓ 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 Patryluk

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)

Co-investorsKensington Capital Partners Limited

Arevaareva.com
Ausra

Solar thermal power developer.

Black Swan

British Columbia liquids rich gas producer.

Cobaltcobaltintl.comin

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

Energy

Cobalt International Energy

Deep offshore oil exploration company primarily in the Gulf of Mexico.

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.com

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

Karve

Oil and gas company focused on the Viking formation, led by a repeat leadership team that previously worked with Azimuth.

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

MEG

Steam-Assisted Gravity Drainage (SAGD) oil producer in British Columbia.

Megenergymegenergy.com
Monolithmonolithai.comin𝕏Jul 2022

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-investorsFounders FactoryFounders Factory NYTPGWarburg Pincus

Monolith
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

MV Clean Energy
Nexaltis Minerals

North American critical minerals processing platform.

PureVolt Energy Systems

Scaled baseload power platforms purpose-built for data centers and large industrial computing loads.

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

Seven Generations

Alberta liquids rich gas producer.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Azimuth Capital Management made?
Azimuth Capital Management has 24 tracked investments, including 1 dated in the last 24 months.
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.

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