Azimuth Capital Management
Venture capitalCalgary · 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
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 Aug 18, 2026.
Team · 29 people
from the firm's websiteWhat they invest in
from 11 of 28 portfolio companiesEnergy ×9Cleantech ×3Advanced Manufacturing ×2Circular Economy ×1Climate Tech ×1Deep Tech ×1Hardware ×1IoT ×1
HQs:Canada×5United States×1
Investments · 28 tracked
founders shown can be your intro pathBy year:2017 · 12014 · 12 dated
Entrada Resources acquires and develops oil and gas assets in the Western Canadian Sedimentary Basin, using infill drilling, optimization, and enhanced recovery techniques.
Energy
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)
BoardRyan Patryluk
Altex Energy operates a crude by rail transportation system that moves crude oil, natural gas liquids, condensates, and related products across North America.
EnergyLogistics & Supply ChainCalgary, CA
Dave Pearce(Director)Aaron Bishop(Executive Officer)Patrick Carlson(Director)Greg Molaro(Executive Officer)Pentti Karkkainen(Director)Jeff van Steenbergen(Director)
Co-investorsKensington Capital Partners Limited
Solar thermal power developer.
British Columbia liquids rich gas producer.
PR Newswire operates a press release distribution network that delivers news to over 500,000 media outlets, newsrooms, and influencers worldwide, along with an AI-enhanced platform (Amplify) for planning, creating, distributing, and reporting on PR campaigns.
Marketing TechMedia & EntertainmentSaaS
Co-investorsBuild VenturesEast Valley VenturesGlobal Blockchain VenturesMaverix Private EquityPalisades GoldcorpWELL Ventures
Cobalt International is an oil exploration, development, and production company.
Energy
Deep offshore oil exploration company primarily in the Gulf of Mexico.
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)
Enoflex develops cost-effective pipeline using an industrial-scale additive manufacturing process to connect energy transition infrastructure such as LNG, carbon sequestration, and the hydrogen economy.
Advanced ManufacturingClimate TechEnergy
Oil and gas company focused on the Viking formation, led by a repeat leadership team that previously worked with Azimuth.
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
M-Flow develops and supplies multiphase and water cut measurement tools and data systems for oil field operators.
EnergyHardwareIoT
Manufactures next generation carbon fiber pipe for various energy applications, including offshore operations.
Steam-Assisted Gravity Drainage (SAGD) oil producer in British Columbia.
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)THOMAS ERICKSON(Director)JASON MONTEMURRO(Director)PETER JOHNSON(Executive Officer, Director)JIM NIEUWENBURG(Director)
Co-investorsWarburg PincusBlackRockRsquaredTemasek
North American critical minerals processing platform.
Scaled baseload power platforms purpose-built for data centers and large industrial computing loads.
Recover uses a patented process to extract and recycle diesel fuel from oil and gas drilling waste that would otherwise be landfilled, producing distillate fuel and a dry byproduct (Recover Dry).
Circular EconomyCleantechEnergyCalgary, CA
Alberta liquids rich gas producer.
Frequently asked questions
- How many investments has Azimuth Capital Management made?
- Azimuth Capital Management has 28 tracked investments.
- 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 Build Ventures, East Valley Ventures, Global Blockchain Ventures, among 8 tracked co-investors.
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