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
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.
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.
Team · 29 people
from the firm's websiteFounder 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 companiesEnergy ×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 pathBy year:2024 · 12022 · 12017 · 12014 · 14 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
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 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 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
Solar thermal power developer.
British Columbia liquids rich gas producer.
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)
Oil and gas company focused on the Viking formation, led by a repeat leadership team that previously worked with Azimuth.
M-Flow manufactures non-intrusive multiphase measurement systems for oil and gas wellheads, from initial frac flowback through production monitoring.
EnergyHardwareIoT
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
Steam-Assisted Gravity Drainage (SAGD) oil producer in British Columbia.
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 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
North American critical minerals processing platform.
Scaled baseload power platforms purpose-built for data centers and large industrial computing loads.
Alberta liquids rich gas producer.
Portfolio news
latest coverage across their companiesFrequently 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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