Fundraising Fox

Breakthrough Energy Ventures

Venture capitalActively deploying

Boston · Seed–Series B · 49 people tracked

Also known as Breakthrough Energy Ventures Europe SCSp · BREAKTHROUGH ENERGY VENTURES MANAGEMENT, L.P.

Find your way into Breakthrough Energy Ventures

1,478 people in our graph share verified history with the Breakthrough Energy Ventures team — schools, employers, funds. One of them is your warm intro.

Adam Valkinunlockedknows Carmichael Roberts · together at Harvard University (overlapped)
knows the team · via MIT Sloan School of Management
×2knows the team · via Harvard University
×2knows the team · via University of California, Berkeley
knows the team · via Bill & Melinda Gates Foundation
×2knows the team · via University of Washington
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Investment thesis

Breakthrough Energy aims to accelerate the transition to affordable, reliable, and clean energy at global scale. It surveys the landscape to identify white-space opportunities where it can drive technology discovery, then partners with leading innovators to turn breakthrough technologies into viable businesses and build companies from the ground up. The firm emphasizes superior performance as its guiding principle, holding that clean technologies must be affordable and reliable to achieve worldwide adoption. Its investment focus spans manufacturing, electricity, agriculture, transportation, and building sectors, all oriented toward decarbonization and scaling climate solutions across the discover, develop, and deploy phases of innovation.

Source: firm website, verified Sep 15, 2026.

Stage
Seed–Series B
Check
$500K – $50M
HQ
Boston, US
Leads rounds
Follows
Instruments
Equity
Founded
2015
Last 12 months
18 investments
Private fund assets
$5.8B
VC funds
6
Tracked investments
146

Team · 49 people

from the firm's website & curated & public directories
Christophe Cahuzac· General Partner
Marek Domagala· General Partner
Rodrigo Guidero· General Partner
Phil Larochell· Principalin
Alice Jackson· Head of Grid Modeling
Cindy Leeper· Chief Operating Officer & General Counsel
Marc Shapiro· Head of Contrails
Rajeev Ram· Breakthrough Energy Ventures
Hasso Plattner· Director
Jack Ma· Director
Louis John Doerr· Director
Vinod Khosla· Director
Stefan Zlatev· Investorin𝕏

6 people who came through Breakthrough Energy Ventures went on to found or lead other companies.

What they invest in

from 121 of 146 portfolio companies

Cleantech ×76Energy ×60Climate Tech ×58Deep Tech ×34Hardware ×31New Materials ×27Advanced Manufacturing ×25AI & Machine Learning ×15

HQs:United States×93Canada×3Nigeria×2Australia×1Denmark×1European Union×1

Who they back

founder profiles across 78 portfolio companies
54%
solo founders
42 of 78 mapped founding teams
37%
repeat founders
of 100 founders with career history
~4 yrs
old at investment
median across 45 dated deals

Founding team size:solo founder×422 founders×193 founders×104+ founders×7

Where their founders studiedfrom 92 founders with education data

Massachusetts Institute of Technology ×13Stanford University ×13University of California, Berkeley ×6Stanford University Graduate School of Business ×5Harvard Business School ×4Harvard University ×4The University of Texas at Austin ×4University of Cambridge ×4

What their founders studiedfrom 106 founders with field-of-study data

Engineering ×72Business & Management ×13Physics ×12Computer Science ×8Economics ×7Chemistry ×6Finance & Accounting ×5Life Sciences ×5

Where their founders worked beforefrom 100 founders with career history

Stanford University ×8Tesla ×6Unreasonable ×6Massachusetts Institute of Technology ×4Duke University ×3Shell ×3Technion ×3AliveCor ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7

45 founders hold a PhD · 20 hold an MBA (of 106 with degree data)

Investments · 146 tracked

founders shown can be your intro path

By year:2026 · 162025 · 82024 · 112023 · 72022 · 202021 · 132020 · 52018 · 484 dated

Fervo Energyfervoenergy.cominNASDAQ: FRVOSeries B · Dec 2025 · $28M

Fervo Energy develops next-generation geothermal technology using advanced drilling and sensing techniques to unlock carbon-free, 24/7 power generation in previously uneconomic locations.

CleantechClimate TechEnergyHouston, US

Tim Latimer(Founder & CEO)inJack Norbeck(Founder)in

BoardDavid Thomas Danielson(Director)inNicholas Walrod(Director)inIon Yadigaroglu(Director)

Board seatChristina KarapatakiDavid Danielson· per SEC Form D

Co-investorsB Capital GroupB4 CapitalBaruch Future VenturesBeast VenturesCarbonCongruent Ventures+14 more

Airloom Energyairloom.energyinSep 2025✓ verified

Airloom engineers next-generation utility-scale wind turbines designed for mass production and deployment in diverse locations, offering low-cost, reliable energy generation with reduced infrastructure requirements.

CleantechEnergyHardwareLaramie, US

Robert Lumley(Executive Officer, Director)inJames Singer(Executive Officer, Director)Neal Rickner(Executive Officer, Director)in

BoardJohn Singer(Director)Sarah Lewensohn(Director)

Board seatPhil Larochelle· per SEC Form D

Co-investorsAmplify CapitalCapital FactoryCrosscut VenturesKeiki CapitalLOWERCARBONLowercarbon Capital+1 more

Lilac Solutionslilacsolutions.cominJun 2026✓ verified

Lilac Solutions develops direct lithium extraction technology using ceramic ion exchange media, enabling fast, clean, and affordable lithium production from brines for the electric vehicle and battery industries.

CleantechClimate TechEnergyNew MaterialsOakland, US

David Snydacker(President & Chief Technology Officer)inNicholas Goldberg(Chief Legal Officer of Issuer)David Gelinas(Chief Financial Officer of Issuer)inRaef Sully(Chief Executive Officer of Issuer)in

BoardClay Dumas(Director)in

Board seatDavid Danielson· per SEC Form D

Co-investorsLowercarbon CapitalAzolla VenturesBMW i VenturesMount Wilson VenturesPrelude VenturesPresidio Ventures+8 more

75F75f.ioin𝕏Feb 2021 · $45M✓ verified

75F provides IoT-based building management systems combining hardware and software to optimize energy efficiency and indoor air quality in commercial buildings.

CleantechEnergyEnterprise SoftwareIoTMankato, US

Deepinder Singh(Executive Officer, Director)in

BoardBill Gatesin

Co-investorsBuilding VenturesRevolutionClimate InvestmentEvergreen Climate InnovationsWIND VenturesNext47+1 more

Arnergyarnergy.comin𝕏✓ verified

Arnergy provides modular, scalable solar energy systems and real-time energy management solutions for homes and businesses across Africa.

CleantechEnergyIoTLagos, NG

Co-investorsAll OnBritish International InvestmentNorfund

Blackburn Energyblackburnenergy.com✓ verified

Blackburn Energy manufactures RelGen, a hybrid charging system for class 5-8 trucks that generates up to 5X more energy than standard alternators to charge auxiliary batteries used for electric APUs and power liftgates.

CleantechEnergyHardwareBoston, US

Andrew Amigo(CEO & Founder)Dan Tobin(Director)

Co-investorsGeekdom

Blue World Technologiesblue.worldinAug 2022✓ verified

Blue World Technologies develops high-temperature PEM methanol fuel cells that serve as clean energy solutions for industrial applications worldwide.

CleantechClimate TechDeep TechEnergyHardwareAalborg, DK

Anders Korsgaard(Chief Executive Officer and Co-founder)inMads Bang(Chief Technology Officer)inMads Friis Jensen(Chief Commercial Officer)in

Co-investorsMaersk GrowthBEVVaekstfonden

Boston Metalbostonmetal.cominSep 2023✓ verified

Boston Metal develops Molten Oxide Electrolysis (MOE), an electrified process for producing steel and other metals from a range of oxide feedstocks without direct emissions.

Advanced ManufacturingCleantechClimate TechNew MaterialsWoburn, US

Donald Sadoway(Co-founder (MIT professor))inAntoine Allanore(Co-founder (MIT professor))Tadeu Carneiro(CEO)in

Co-investorsClimate InvestmentPrelude VenturesInternational Finance CorporationBMW i VenturesEnergy Impact PartnersFine Structures Ventures+7 more

Circcirc.earthinJul 2022 · $30M✓ verified

Circ develops recycling technology that breaks down textile waste, including poly-cotton blends, to recover fibers for producing new materials such as pulp used by fiber manufacturers and apparel brands.

Circular EconomyCleantechClimate TechNew Materials

Peter Majeranowski(Chief Executive Officer)in

Co-investorsAlante CapitalCirculate CapitalCard Sound CapitalEnvisioning PartnersLansdowne PartnersMarubeni+6 more

CubicPVcubicpv.comin𝕏✓ verified

CubicPV develops perovskite tandem solar modules designed to advance beyond traditional silicon-based solar cell technology.

CleantechEnergyHardware

Dioxycledioxycle.com✓ verified

Dioxycle develops electricity-driven technology to convert waste carbon emissions into chemical feedstocks for industrial manufacturing.

Advanced ManufacturingCircular EconomyCleantechClimate TechDeep TechParis, FR

Sarah Lamaison, PhD(Founder)inDavid Wakerley, PhD(Founder)in

Co-investorsGigascale CapitalLowercarbon CapitalCollaborative FundLOWERCARBON

Fourth Powergofourth.comin𝕏Sep 2025 · $20M✓ verified

Fourth Power develops thermal energy storage technology that converts electricity into heat for storage and back to electricity on demand, using high-temperature molten tin and thermophotovoltaic conversion.

CleantechClimate TechDeep TechEnergyMassachusetts, US

Asegun Henry(Founder & Chief Technologist)inArvin Ganesan(CEO)in

Co-investorsDCVC (Data Collective)Munich Re Ventures

Graphitic Energygraphitic.comin✓ verified

Graphitic Energy develops methane pyrolysis technology that converts natural gas into graphitic carbon and low-carbon hydrogen.

CleantechDeep TechEnergyNew Materials

Eric McFarlandinPatrick Hanks(Chief Technology Officer)in

Co-investorsEnergy Capital Ventures

H2Proh2pro.coinJan 2022✓ verified

H2Pro develops Decoupled Water Electrolysis (DWE) technology to produce hydrogen and oxygen at separate times, invented at the Technion, as a lower-cost method for green hydrogen production.

CleantechClimate TechEnergyHardwareCaesarea, IL

Gideon Grader(Co-Founder)inTalmon Marco(Co-Founder and Chairman of the Board)inHen Dotan(Co-Founder)inAvner Rothschild(Co-Founder)inTzahi Rodrig(CEO)in

Co-investorsContrarian VenturesHorizons VenturesIN VentureWIND VenturesYara Growth VenturesArcelorMittal+2 more

Heart Aerospaceheartaerospace.comin𝕏Feb 2024 · $107M✓ verified

Heart Aerospace develops electric regional aircraft for commercial airline operators.

Advanced ManufacturingCleantechClimate TechHardwareSpace TechLos Angeles, US

Anders Forslund(Co-Founder & Chief Executive Officer)in

Co-investors2am VCCastor VenturesLOWERCARBONLowercarbon CapitalSagitta Family OfficeUnruly Capital+5 more

Mangrove Lithiummangrovelithium.comin𝕏✓ verified

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(CEO & Co-Founder)inDavid St. Angelo(Chief Technology Officer)inAnnie Liu(Chief Commercial and Strategy Officer)in

Co-investorsBMW i VenturesBDC Capital CorporationCanada Growth FundOrion Industrial VenturesInBC Investment Corp.

Mantle8mantle8.cominSeed · Feb 2025 · $4M✓ verified

Mantle8 is a natural hydrogen exploration company developing proprietary geoscience technology—including its GeoLogix prospect-generation algorithm and HOREX multiphysics imaging—to locate and quantify naturally occurring hydrogen resources.

CleantechClimate TechDeep TechEnergy

Emmanuel Masini(Founder)in

Co-investorsKiko VenturesSandwaterWind Venture

Tempotempoenergy.comin𝕏✓ verified

Tempo develops a proprietary thermochemical storage metal-oxide (TSM) material, based on a magnesium compound that stores and releases high-temperature heat, to electrify industrial heat.

CleantechClimate TechEnergyNew Materials

Moawia Eldeeb(Founder)inJames Klausner(Founder)inNima Rahmatian(Co-founder)inKelvin Randhir(Co-founder)inAlessandro Bo(Co-founder)inPasquale Romano(CEO)in

Co-investorsPrelude VenturesKhosla VenturesGreenoaksStripeThrive Capital

THERMAL BATTERY CORPORATIONthermalbattery.comin𝕏✓ verified

Fourth Power develops long-duration energy storage systems using thermal battery technology designed for grid-scale and industrial applications.

CleantechClimate TechEnergyHardware

Asegun Henry(Founder & Chief Technologist)inArvin Ganesan(CEO)in

Co-investorsDCVC (Data Collective)

Type One Energytypeoneenergy.cominJan 2026 · $87M✓ verified

Type One Energy is a fusion energy startup founded by stellarator experts to design and commercialize a next-generation stellarator fusion power plant.

CleantechClimate TechDeep TechEnergy

Chris Mowry(CEO)in

Co-investorsBreakthrough VictoriaGD1Orbia VenturesTRIRECVoLo Earth VenturesTDK Ventures

Vantemvantem.comin✓ verified

Vantem is a modular construction company that builds multifamily residential projects for developers using factory-built units assembled on-site.

Advanced ManufacturingConstruction TechPropTechClio, US

Chris Anderson(Founder & Chief Strategy Officer)in

Boardjohn preston(Director)

VEIRveir.cominFeb 2025 · $75M✓ verified

VEIR manufactures low- and medium-voltage superconducting systems that deliver electricity for high-performance AI data centers.

AI & Machine LearningDeep TechEnergyHardwareWoburn, US

Tim Heidel(CEO & Co-Founder)in

BoardDoug Stewart(Director)Adam Wallen(Executive Officer, Director)in

Co-investorsCongruent VenturesPiva CapitalTyche PartnersNational Grid PartnersVXI CapitalBaruch Future Ventures+5 more

Wbjournalwbjournal.comin𝕏✓ verified

Worcester Business Journal is a regional business news and analysis publication serving the Central Massachusetts market through print, digital, and event platforms.

Climate TechDeep TechEnergyMedia & EntertainmentPropTechCalifornia, US

Bob Mumgaard(CEO and co-founder)

Co-investorsTemasek

Antora Energyantora.comin𝕏Jul 2026 · $150M

Antora manufactures thermal battery systems for long-duration energy storage, serving manufacturers and data centers seeking to tap into low-cost renewable power.

CleantechEnergyEnterprise SoftwareHardwareSunnyvale, US

Andrew Ponec(Chief Executive Officer, co-founder)inDavid BiermaninJustin BriggsinDavid Bierman, Ph.D.(Chief Commercial Officer, co-founder)Justin Briggs, Ph.D.(Chief Operating Officer, co-founder)

Board seatChristina Karapataki· per SEC Form D

Co-investorsTemasekCongruent VenturesCreative Destruction Lab (CDL)Fifty YearsGS FuturesISV+14 more

Electric Hydrogeneh2.cominDec 2020 · $380M

Electric Hydrogen develops hydrogen production technology to support decarbonization.

Advanced ManufacturingCleantechClimate TechEnergyMassachusetts, US

Derek Warnick(Executive Officer)inDavid Eaglesham(Executive Officer, Director)inRaffi Garabedian(Executive Officer, Director)inDorian West(Founder)inMargaret Deane(Executive Officer)

BoardDipender Saluja(Director)

Board seatDavid Danielson· per SEC Form D

Co-investorsCongruent VenturesEnergy Impact PartnersFifth WallPrelude VenturesS2G Investmentsbp ventures+6 more

M2X Energym2x.energyFeb 2026 · $40M

EnergyRockledge, US

Nicholas Stork(Director)Paul E. Yelvington(Chief Technology Officer)Nicholas Schwartz(Chief Manufacturing Officer)inMichael McLaughlin(Chief Development Officer)Adam R. Karpf(Chief Engineer)Joshua B. Browne(President & CEO)

Board seatDavid Danielson· per SEC Form D

Co-investorsAutodesk FoundationEni Next

MagLev Aeromaglevaero.cominDec 2024

Boston, US

Ian Randall(Executive Officer, Director)in

BoardRoderick Randall(Director)Rod Randall(Director)in

Board seatPhil LarochelleChristian GarciaCarmichael RobertsCarmichael M. Roberts· per SEC Form D

Co-investorsGrit Capital PartnersMaterial ImpactMoai CapitalStage 1 Ventures

Palliduspallidus.comNov 2022SEC filingmedium confidence

Houston, US

Glenn Sandgren(Executive Officer)

BoardMark Land(Director)

Board seatCooper Rinzler· per SEC Form D · $70M raise · filed Dec 2023

Co-investorsFine Structures VenturesRaptor GroupSQN Venture Partners, LLC

Prolific Machinesprolific-machines.cominMay 2024 · $42M

Prolific Machines licenses an optogenetics platform that adds light-based control to cell line development and GMP biomanufacturing, letting biopharma teams retrofit existing bioreactors and hosts to raise titers and manufacture complex molecule formats.

Advanced ManufacturingAI & Machine LearningBiotechDeep TechEmeryville, US

Maximilian HörnerinMax Huisman(Chief Technology Officer & Co-Founder)inDeniz Kent(Chief Executive Officer & Co-Founder)inDeniz Kent, Ph.D.(Founder)inDeclan Jones(Founder)inShahram Misaghiin

Board seatCooper Rinzler· per SEC Form D

Co-investorsBaruch Future VenturesDarco CapitalMayfield FundSolari CapitalShorewind CapitalSOSV+1 more

Quidnetquidnetenergy.cominMay 2018

Quidnet Energy develops geomechanical energy storage technology that repurposes existing oil, gas, and hydroelectric infrastructure to provide grid-scale, long-duration energy storage.

CleantechDeep TechEnergyHardwareHouston, US

Aaron Mandell(Executive Officer)inDagong Zhou(Executive Officer, Director)Joe Zhou(CEO)inHoward Schmidt(Director)

BoardMatthew Nordan(Director)in

Board seatChristina Karapataki· per SEC Form D

Co-investorsClean Energy VentureCongruent VenturesHelium-3 VenturesNXT VenturesClean Energy Ventures

REACTIVE TECHNOLOGIES Ltdreactive-technologies.comin𝕏Feb 2024

Reactive Technologies provides GridMetrix®, a grid measurement system combining distributed high-definition IoT devices (XMU) at the grid edge with cloud-based digital signal processing to measure grid inertia and system strength in real time.

CleantechEnergyIoTOxford

Marc Adrian Borrett(Director)

BoardVolker Bernd Beckers(Director)Robert Macklin(Director)Zahir Kasmani(Director)Steven Derek Clarke(Director)

Board seatSila Kiliccote· per SEC Form D

Redwood Materialsredwoodmaterials.comin𝕏Apr 2020

Redwood Materials deploys large-scale energy storage systems for data centers and grid power while recycling batteries to recover critical minerals like lithium, nickel, cobalt, and copper as a domestic source of these materials.

Circular EconomyEnergyNew MaterialsCarson City, US

JB Straubel(Founder & CEO)inKevin Kassekert(Executive Officer)Jason Thompson(Executive Officer)in

Board seatDavid Danielson· per SEC Form D

Co-investorsCoatue ManagementCollaborative FundCongruent VenturesEclipse VenturesFoothill VenturesGood Capital+17 more

Rondo Energyrondo.comin𝕏Jun 2022

Rondo manufactures thermal battery systems that store energy by heating refractory bricks with renewable electricity and release it as continuous industrial heat and power for manufacturing processes.

Climate TechDeep TechEnergyCalifornia, US

John O'Donnell(Co-founder & CEO)inJohn ODonnell(Executive Officer, Director)Peter von Behrens(Executive Officer, Director)Lily Guse(Executive Officer)in

BoardDavid Rogers(Director)Samuel Bursten(Director)in

Board seatMark Hartney· per SEC Form D

Co-investorsEnergy Impact PartnersCongruent VenturesSABIC VenturesAramco VenturesEuropean Investment Bank

Sparkmetersparkmeter.ioMar 2022

SparkMeter provides metering and low-voltage transformer-sensing hardware combined with software for billing, payments, prepaid metering, customer and asset management, and grid management.

CleantechEnergyHardwareWashington, US

Daniel Schnitzer(Executive Officer, Director)in

BoardDaniel Goldman(Director)inBunmi Adekore(Director)Tokunboh Ishmael(Director)inRaymond Jay Dunn(Director)Allison Archambault(Director)

Board seatSila Kiliccote· per SEC Form D

Co-investorsAlitheia CapitalCapria VenturesEndgame CapitalLateral CapitalClean Energy VenturesGoodwell Investments

Stoke Spacestokespace.comin𝕏Feb 2026

Stoke Space develops fully reusable rockets for space transportation and mobility services.

Advanced ManufacturingDeep TechHardwareSpace TechSeattle, US

Andy Lapsa(Founder)inTom Feldman(Founder)inKelly Hennig(Executive Officer)in

BoardPhil Harris(Director)inMorgan Beller(Director)in

Board seatChristian Garcia· per SEC Form D

Co-investorsAcequia Capital (AceCap)Aurelia FoundryBalerion Space VenturesBeyond CapitalBeyond Earth VenturesCross Culture Ventures+27 more

Sustaerasustaera.cominNov 2021

Sustaera develops a Direct Air Capture technology powered by renewable energy to remove and reuse atmospheric CO2 at large scale.

CleantechClimate TechDeep TechDurham, US

Raghubir Gupta(Executive Officer, Director, Promoter)inCory Sanderson(Founder)inBen Gardner(Executive Officer, Director)Shantanu Agarwal(Executive Officer, Director, Promoter)in

BoardKevin Tidwell(Director)

Board seatPhil Larochelle· per SEC Form D

→ Foundation Alloyfoundationalloy.comin𝕏Seed · May 2022 · $17M

Foundational Alloy develops engineering alloys through a solid-state process called MetalsFIRST, in which metal is produced without melting to create microstructures unreachable by conventional metallurgy while controlling oxygen and contaminants.

Advanced ManufacturingDeep TechNew Materials

Jasper Lienhard(Cofounder)Jake(Co-founder (company strategy, operations, financing, commercialization))

Co-investorsAlumni VenturesAmerica's Frontier FundBasecamp FundCastor VenturesEl Cap EquityMaterial Impact+4 more

4242technologies.comin𝕏

42 provides a data consolidation and reporting platform designed for retail teams to access business insights in one centralized dashboard.

Data & InfrastructureEnterprise SoftwareRetail TechSaaSSan Francisco, US

Nick Porter(Founder/CTO)inCathy HaninNicolas PorterPeter D. Yangin

Co-investors500 GlobalY Combinator3one4 CapitalCrystal Venture PartnersKhosla VenturesSequoia Capital

44.014401.earthin𝕏

44.01 is a carbon removal company that mineralizes CO₂ by using natural processes to permanently convert captured carbon dioxide into rock.

CleantechClimate TechDeep Tech

Talal Hasan(Founder & CEO)in

Co-investorsAir Liquide Venture Capital (ALIAD)Alumni VenturesBascom VenturesBasecamp FundClimate InvestmentFuture Planet Capital+8 more

Albedoalbedo.comin𝕏Jun 2022 · $35M

Albedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.

Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US

Topher Haddad(Founder)inAyJay Lasater(Founder)inWinston Tri(Executive Officer, Promoter)inDylan Betts(Executive Officer)in

BoardChristian Garcia(Director)inRaj Shah(Director)in

Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesDnx VenturesJetstreamRepublic Capital (ex Republic Labs)+11 more

Alpine Bioalpbio.comin

Alpine Bio develops and commercializes functional proteins and bioactive ingredients for food, nutrition, and health applications, targeting formulators who need performance, supply reliability, and clean-label positioning.

AgTechBiotechFoodTechNew Materials

Co-investorsFifty YearsGermin8 Ventures

Antoraenergyantoraenergy.comin𝕏

Antora Energy builds factory-made thermal batteries that store intermittent low-cost electricity as heat in carbon blocks and deliver around-the-clock heat and power at scales from megawatts to gigawatts.

CleantechClimate TechEnergySan Jose, US

Andrew Ponec(Founder)in

Co-investorsBlackRockTemasekFifty YearsISV

ArkeaBioarkeabio.comin

ArkeaBio develops a methane-reducing vaccine for cattle that lowers agricultural emissions without disrupting farm operations, targeting livestock producers to enable low-carbon dairy and beef production.

AgTechBiotechClimate Tech

Frank Wooten(Chief Executive Officer)inZach Serber(Chief Technology Officer)inColin South(Chief Business Officer)in

Baseload Capitalbaseloadcap.comin

Baseload Capital invests in geothermal energy companies and projects, building a portfolio aimed at developing untapped geothermal resources to provide clean, baseload renewable electricity and heat.

CleantechClimate TechEnergyImpact & Social Good

Alexander Hellingin

Bloom Biorenewablesbloombiorenewables.comin𝕏

Bloom Biorenewables converts wood residue biomass into renewable performance ingredients—such as white lignin, dipropylxylose (DPX), and microfibrillated celluloses—used as a formulation platform for the personal care, functional paper, and paints & coatings industries.

Circular EconomyCleantechNew Materials

Florent Héroguel(Founder)in

Co-investorsAnais VenturesBtomorrow VenturesExtantia Capital

Blue Frontierbluefrontierac.comin𝕏Dec 2023

Blue Frontier manufactures energy-efficient, sustainable air conditioning systems (DOAS units) that reduce electricity consumption and eliminate high-GWP refrigerants.

Advanced ManufacturingCleantechClimate TechHardwareBoca Raton, US

Daniel Betts(Director, President, and CEO)inMatthew Graham(Director and VP of Engineering)inGreg Tropsa(EVP Business Development)inMatthew Tilghman(Director and Chief Technology Officer)John Hingley(VP of Operations)in

BoardChristian Hernandez(Director)in

Co-investorsCarbonTech Square VenturesVoLo Earth Ventures

Breakthroughbreakthrough.healthJul 2026 · $43M

Breakthrough is a nutrition coaching business that helps individuals improve their long-term health and reach personal goals through personalized nutrition guidance and healthy habit building.

ConsumerDigital HealthWellness & Fitness

Sunny Dulay(Founder)inJill Thornton(Owner & Director of Nutrition)in

Co-investorsSocial Starts

Brimstonebrimstone.cominMay 2022 · $55M

Brimstone develops co-production processes to manufacture cement, steel, aluminum, and other critical minerals from a single feedstock in an integrated facility.

Advanced ManufacturingCircular EconomyCleantechConstruction TechNew MaterialsOakland, US

Cody Finke(CEO)inHugo LeandriinCody Finke, Ph.D.(Founder)in

Co-investorsAccelr8Collaborative FundCreative Destruction Lab (CDL)DCVC (Data Collective)Fifth WallGVP Climate+7 more

C16 Biosciencesc16bio.comin𝕏

C16 Biosciences produces high-value lipid ingredients using fermentation of naturally occurring microorganisms for manufacturers of beauty, personal care, home care, and food products.

BiotechCleantechClimate TechConsumerHealthtechNew MaterialsNew York City, US

Shara Ticku(Founder/CEO)inDavid Heller(Founder)inHarry McNamara(Founder)in

BoardAndrew Shumaker(He resigned as a Director effective November 20, 2018.)

Co-investorsDCVC (Data Collective)Dorm RoomE12 Venture Capital, LlcEvolution VC PartnersSinai Capital PartnersUpHonest Capital+2 more

Carbon Cure Technologiescarboncure.comin𝕏

CarbonCure develops technologies that inject captured CO₂ into fresh concrete during mixing, where it mineralizes and permanently embeds in the material while reducing the amount of cement needed.

CleantechClimate TechNew MaterialsHalifax

Robert Niven(Executive Officer, Director)in

Co-investorsCarbonForesightPangaea Ventures Us Inc.MaRS

Carbon Engineeringcarbonengineering.comin𝕏May 2021Acquired

Carbon Engineering is a Direct Air Capture (DAC) technology company, founded in 2009, that develops systems to capture large volumes of CO2 directly from the atmosphere.

CleantechClimate TechDeep TechSquamish, CA

Co-investorsDesigner FundETCapitalKhosla VenturesLOWERCARBONLowercarbon CapitalWUTIF Capital+3 more

Commonwealthcommonwealth.imAug 2025 · $863M

Commonwealth (commonwealth.im) is a DAO coordination platform; the sources supplied contain no verifiable information about it.

Co-investorsCanaan PartnersCoinbase VenturesIOSG VenturesNascentFuture VenturesGalaxy Interactive+9 more

Commonwealthjoincommonwealth.xyzin𝕏Dec 2021 · $1.8B

Commonwealth (WLTH) is a platform that lets individuals invest in private companies starting at $20, with holdings backed 1:1 by verified equity and the ability to buy and sell without long lock-up periods.

FintechMarketplaces

Co-investorsBlack DragonParaFi CapitalCoatue ManagementEquinor VenturesFootPrint CoalitionFuture Ventures+10 more

Commonwealth Fusion Systemscfs.energyin𝕏Nov 2021 · $1.8B

Commonwealth Fusion Systems develops commercial fusion power plants using high-temperature superconducting magnet technology to provide grid-scale energy.

CleantechClimate TechDeep TechEnergyCambridge, US

Brandon Sorbom(Founder)inRobert Mumgaard(Executive Officer, Director)inDaniel Brunner(Executive Officer)inBob Mumgaard(Founder)in

BoardMassimiliano Pieri(Director)Katie Rae(Director)in

PartnerCarmichael Roberts· quoted

Co-investorsAdvection Growth CapitalArmada Investment AGBay Bridge Ventures ClimateBeni Venture CapitalBrainstorm VenturesCoatue Management+41 more

Cowboy Space Corporationcowboyspace.cominApr 2026 · $275M

Cowboy Space builds a satellite constellation system that provides power and compute infrastructure in low Earth orbit to serve artificial intelligence applications.

AI & Machine LearningEnergySpace TechSan Carlos, US

Baiju Bhatt(Executive Officer, Director)in

BoardDaniel Gallagher(Director)

Co-investorsAndreessen HorowitzBlack FlagBlossom CapitalBrave CapitalConstruct CapitalDraper Associates+8 more

Dandelion Energydandelionenergy.comin𝕏Series B · Feb 2021 · $30M

Dandelion Energy designs and installs geothermal heating and cooling systems for homes, positioning geothermal as a primary heating and cooling solution for both new and existing residential buildings.

CleantechClimate TechEnergyHardwarePalo Alto, US

Kathy Hannun(Founder & CTO)inRajeev James Quazi(Executive Officer, Director)Dan Yates(CEO)in

BoardCraig Shapiro(Director)in

Co-investorsCollaborative FundComcast VenturesCool Climate CollectiveEnergy Transition VenturesGround Up VenturesNew Enterprise Associates (NEA)+4 more

Data Blanketdatablanket.cominDec 2022

Bellevue, US

Gur Kimchi(Executive Officer, Director)inOmer Bar-Yohay(Executive Officer, Director)inYair Katz(Executive Officer, Director)Christian Garcia(Director)in

BoardDror Berman(Director)

DMC Biotechnologiesdmcbio.comin𝕏Dec 2021

DMC Biotechnologies is a U.S.-based biomanufacturer that uses precision fermentation and its Dynamic Metabolic Control platform to produce bio-based specialty chemicals and ingredients, such as L-alanine and fermented inositols.

BiotechClimate TechNew MaterialsBoulder, US

Matthew Lipscomb(Director)Josh Yelen(Executive Officer)Jim Flatt(Executive Officer, Director)in

BoardJosko Bobanovic(Director)Rob van der Meij(Director)inAlastair Cooper(Director)

Co-investorsSofinnova PartnersBoulder VenturesCapricorn Venture Partners

Driventrustdriven.comAug 2026 · $310M

TrustDriven provides integrated software products for nonprofits and membership organizations, including fundraising, volunteer management, membership administration, and advocacy tools.

Enterprise SoftwareImpact & Social GoodSaaS

Co-investorsWaterloo Accelerator CentreAndreessen HorowitzBHP VenturesEarthshot VenturesEntourage VenturesGreenoaks+6 more

Electraelectra.earthinApr 2025

Electra develops a chemistry-based iron production process powered by clean energy to produce iron at scale without environmental damage.

Advanced ManufacturingCleantechNew Materials

Co-investorsBaruch Future VenturesCongruent VenturesEarth Venture CapitalLOWERCARBONLowercarbon CapitalS2G Investments+6 more

Other

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

Baseload RenewablesElectrasteel, Inc.Heron Power Electronics CoAgriculture CompaniesArkea BioBuilding CompaniesCI-Aeroseal-full-logo-2023EcocemElectricity CompaniesHeinekenLuxWallManufacturing CompaniesMTN NigeriaPhysical SuperintelligenceRemo EnergyStratusmaterialsSustainable BioproductsTransportation CompaniesZeroAvia

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 3

1 IPOs · 2 acquisitions · showing 2

Fervo EnergyNASDAQ: FRVOPachamaacq. by Carbon Direct

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Fervo Energy5.1%$27.00May 2026$380M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Breakthrough Energy Ventures made?
Breakthrough Energy Ventures has 146 tracked investments, 3 of which have exited, including 30 dated in the last 24 months.
What stage does Breakthrough Energy Ventures invest at?
Breakthrough Energy Ventures invests at the Seed, Series A, Series B stages.
What is Breakthrough Energy Ventures's typical check size?
Breakthrough Energy Ventures typically writes checks of $500K – $50M.
What sectors does Breakthrough Energy Ventures focus on?
Breakthrough Energy Ventures focuses on Advanced Manufacturing, AgTech, Cleantech, Climate Tech, Energy, Impact & Social Good, Mobility & Transportation, New Materials.
Where is Breakthrough Energy Ventures located?
Breakthrough Energy Ventures is headquartered in Boston, US.
Does Breakthrough Energy Ventures lead rounds?
Breakthrough Energy Ventures typically participates in rounds rather than leading them.
Who does Breakthrough Energy Ventures co-invest with?
Breakthrough Energy Ventures most often shares deals with Congruent Ventures, Prelude Ventures, Lowercarbon Capital, among 309 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Bill Gates on vaccine hesitancy, AI and global health | The Conversation

POLITICO · Bill Gates

Duke University Energy Conference 2023: Keynote – Eric Toone, Breakthrough Energy Ventures

Duke University - The Fuqua School of Business · Eric Toone

Bloomberg Wealth: Carmichael Roberts of Breakthrough Energy Ventures

David Rubenstein · Carmichael Roberts

Bill Gates, Chair of the Board, Breakthrough Energy Ventures

The Economic Club of Washington, D.C. · Bill Gates

The economics of clean energy explained

Breakthrough Energy

Images

Breakthrough Energy Ventures photoBreakthrough Energy Ventures photo

Co-investors · 85

$100K – $5M
Congruent Ventures

Congruent Ventures is an early-stage venture firm backing North American teams innovating across hardware, software, and business models, with a focus on climate and sustainability.

$100K – $5M
Energy Impact Partners

Energy Impact Partners is an investment firm that connects entrepreneurs with major corporate partners to help drive the transformation of the global economy toward a more sustainable future.

$5M – $20M
LOWERCARBON

Lowercarbon Capital is a venture firm that invests in companies working to reduce CO2 emissions, remove carbon from the atmosphere, and develop technologies to cool the planet.

$1M – $50M
Baruch Future Ventures

Baruch Future Ventures is a climate-tech focused family investment firm that backs entrepreneurs building companies in the climate economy.

$100K – $1M
DCVC (Data Collective)

DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.

$5M – $25M
Collaborative Fund

Collaborative Fund is a venture capital firm that backs entrepreneurs building category- and culture-defining brands, products, and services across consumer, health, energy, and access-to-capital themes.

$500K – $1M
Gigascale Capital

Gigascale Capital is an early-stage investment firm backing founders building physical systems and infrastructure across energy, factories, supply chains, and infrastructure for climate impact.

BMW i Ventures

BMW i Ventures is the venture capital arm associated with BMW, investing in companies reimagining the future of automotive across manufacturing, energy storage, EV charging, semiconductors, and automotive software.

$10M
Piva Capital

Piva Capital is a venture capital firm that invests in companies aiming to shape the future for humanity.

Fifth Wall

Fifth Wall is an investment firm focused on technology for the built environment (PropTech), backing startups that make the spaces where people live, work, and play smarter, safer, and more energy efficient.

$250K – $100M
73 more co-investors

Safar PartnersDarco CapitalStarlight VenturesWIND VenturesNew Enterprise Associates (NEA)Kleiner PerkinsNational Grid PartnersStrawberry Creek VenturesClean Energy VenturesGV (Google Ventures)Eniac VenturesSOSVMayfield FundInitialized CapitalHOF CapitalJetstreamOUP (Osage University Partners)8090 IndustriesPillar VCNeva Sgr.Cleo Capital1955 CapitalVoLo Earth VenturesThe Westly GroupAdditionEQT VenturesComcast VenturesSerena VenturesSweet CapitalWorld FundShield CapitalAglae VenturesJLL SparkCubit CapitalTekfen VenturesCreative VenturesTDK Venturesbp venturesBuckhill CapitalSynthesis CapitalFJ LabsFreestyle CapitalInnovation EndeavorsLookout VenturesTrajectory VenturesLowercase CapitalPolaris PartnersAtlas VentureSherpalo VenturesSalesforce Japan Co.,Ltd.Draper Fisher Jurvetson (DFJ)Galaxy Digital Assets FundXtripe AngelsMassMutual VenturesGE VenturesNorthpond VenturesGeek VenturesCalibrate VenturesFrialeWellington ManagementBusiness Growth FundFuture Energy VenturesM34 CapitalApplied VenturesSeaX VenturesAqua SparkPlaneteer CapitalAberdare VenturesBraemar Energy VenturesWovenEarthEcosystem IntegrityEV Private EquityAiiM Partners

Firms observed investing alongside Breakthrough Energy Ventures, from public investor directories. Shared companies are the overlap with Breakthrough Energy Ventures's recorded portfolio.

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