/Investor DB

Breakthrough Energy Ventures

Venture capitalActively deploying

Boston · Seed–Series B · 34 people tracked

Also known as Breakthrough Energy · Breakthrough Energy Investments · BREAKTHROUGH ENERGY VENTURES MANAGEMENT, L.P.

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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 29, 2026.

Stage
Seed–Series B
Check
$500K – $50M
HQ
Boston, US
Leads rounds
Follows
Instruments
Equity
Founded
2015
Last 12 months
22 investments
Private fund assets
$5.8B
VC funds
6
Tracked investments
157
Unicorns
5
IPOs
1
Acquisitions
2

Team · 34 people

from the firm's website & public directories
Christophe Cahuzac· General Partner
Marek Domagala· General Partner
Alice Jackson· Head of Grid Modelingin
Chris Poirier· Breakthrough Energy Venturesin
Cindy Leeper· Chief Operating Officer & General Counsel
Marc Shapiro· Head of Contrailsin
Rajeev Ram· Breakthrough Energy Ventures
Hasso Plattner· Director
Louis John Doerr· Director

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

What they invest in

from 132 of 157 portfolio companies

Cleantech ×74Climate Tech ×63Energy ×58Deep Tech ×37Hardware ×31New Materials ×29Advanced Manufacturing ×28AI & Machine Learning ×19

HQs:United States×101Canada×4Nigeria×3Australia×2United Kingdom×2Denmark×1

Who they back

founder profiles across 86 portfolio companies
38%
solo founders
33 of 86 mapped founding teams
32%
repeat founders
of 107 founders with career history
~3.5 yrs
old at investment
median across 54 dated deals

Founding team size:solo founder×332 founders×183 founders×154+ founders×20

Where their founders studiedfrom 101 founders with education data

Massachusetts Institute of Technology ×12Stanford University ×12University of California, Berkeley ×8Stanford University Graduate School of Business ×5Harvard Business School ×4Harvard University ×4The University of Texas at Austin ×4University of Cambridge ×4

What their founders studiedfrom 118 founders with field-of-study data

Engineering ×79Business & Management ×13Physics ×13Computer Science ×9Economics ×7Chemistry ×6Life Sciences ×6Mathematics & Statistics ×6

Where their founders worked beforefrom 107 founders with career history

Stanford University ×9Tesla ×6Unreasonable ×6Massachusetts Institute of Technology ×5Shell ×4Apple ×3Duke University ×3Massachusetts Institute of Technology (MIT) ×3

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7

51 founders hold a PhD · 21 hold an MBA (of 119 with degree data)

Investments · 157 tracked

founders shown can be your intro path

By year:2026 · 212025 · 102024 · 152023 · 132022 · 242021 · 152020 · 52018 · 5108 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)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+16 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(Founder)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 CapitalLowercarbon CapitalWYVC

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(Founder)inNicholas Goldberg(Chief Legal Officer of Issuer)David Gelinas(Chief Financial Officer of Issuer)inRaef Sully(Chief Executive Officer of Issuer)inDave Snydacker(Founder)

BoardClay Dumas(Director)in

Board seatDavid Danielson· per SEC Form D

Co-investorsLowercarbon CapitalAzolla VenturesBerkeley Angel NetworkBMW i VenturesE8 AngelsMount Wilson Ventures+10 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.comin𝕏Apr 2025 · $18M✓ 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.worldinSeries B · Aug 2022 · $37M✓ 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(Founder)inAntoine Allanore(Founder)Tadeu Carneiro(CEO)inJames Yurko(Founder)

Co-investorsClimate InvestmentPrelude VenturesInternational Finance CorporationBMW i VenturesEnergy Impact PartnersFine Structures Ventures+8 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.comin𝕏Jun 2023 · $103M✓ verified

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

CleantechEnergyHardware

Co-investorsNorth Bridge Venture Partners & Growth Equity

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)inDavid Wakerley(Founder)Sarah Lamaison(Founder)

Co-investorsGigascale CapitalLowercarbon CapitalCollaborative FundAQUITI GestionPlaneteer Capital

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 TechEnergyHardwareMassachusetts, US

Asegun Henry(Founder)inArvin Ganesan(Founder)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 VenturesEni Next

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(Founder)inTalmon Marco(Founder)inHen Dotan(Founder)inAvner Rothschild(Founder)inTzahi Rodrig(CEO)in

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

Heart Aerospaceheartaerospace.comin𝕏Series A · Feb 2024 · $107M✓ verified

Heart Aerospace develops electric regional aircraft for commercial airline operators.

Advanced ManufacturingCleantechClimate TechHardwareSpace TechLos Angeles, US

Anders Forslund(CEO)inKlara Forslund(Founder)Bob Criner(Electric Aircraft Propulsion System Engineer)in

Co-investors2am VCAlumni VenturesCastor VenturesKoru CapitalLowercarbon CapitalSagitta Family Office+15 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(Founder)inDavid St. Angelo(Chief Technology Officer)inAnnie Liu(Chief Commercial and Strategy Officer)inAlfred Lam(Founder)Arman Bonakdarpour(Founder)David P. Wilkinson(Founder)

Co-investorsBMW i VenturesBDC Capital CorporationCanada Growth FundOrion Industrial VenturesAsahi Kasei Corporate Venture CapitalATEL Ventures+3 more

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)inEmmanuel Masini (Manu)(Founder & CEO)

Co-investorsKiko VenturesSandwaterWind VentureBpifranceIP Group

Tempotempoenergy.comin𝕏Aug 2022✓ 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.

Advanced ManufacturingCleantechClimate TechEnergyNew MaterialsEast Lansing, US

DANE A BOYSEN(Executive Officer, Director, Promoter)Moawia Eldeeb(Founder)inJames Klausner(Founder)inNima Rahmatian(Founder)inKelvin Randhir(Founder)inAlessandro Bo(Founder)in

Co-investorsKhosla VenturesPrelude VenturesAlumni VenturesMichigan RiseGreenoaksStripe+1 more

Turntide Technologiesturntide.comin𝕏Mar 2021 · $80M✓ verified

Turntide designs and manufactures electric motors, power electronics, and energy storage systems as modular components for electrification across mobility and other industries.

Advanced ManufacturingCleantechHardwareMobility & TransportationSunnyvale, US

Piyush Desai(Founder)inSteve Hornyak(President & CEO)in

Co-investorsClimate InvestmentFifth WallBay Bridge Ventures ClimateBMW i VenturesFirst Generation CapitalG Vision Capital+6 more

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)inBrian Matthews(Founder)Chris Hegna(Founder)David Anderson(Founder)John Canik(Founder)Randall Volberg(Founder)

Co-investorsBreakthrough VictoriaGD1Orbia VenturesTDK VenturesTRIRECVoLo Earth Ventures+2 more

Vantemvantem.cominJul 2022✓ 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.

CleantechClimate TechEnergyEnterprise SoftwareFintechHardwareImpact & Social GoodNew MaterialsSunnyvale, US

Andrew Ponec(Founder)inDavid Bierman(Founder)inJustin Briggs(Founder)inDavid Bierman, Ph.D.(Chief Commercial Officer, co-founder)Justin Briggs, Ph.D.(Chief Operating Officer, co-founder)Alfred Johnson(CEO & Co-Founder)

Board seatChristina Karapataki· per SEC Form D

Co-investorsAndreessen HorowitzBlackRockTemasekCongruent VenturesCreative Destruction Lab (CDL)Deepwater Asset Management+23 more

Electric Hydrogeneh2.cominDec 2020 · $380M

Electric Hydrogen develops hydrogen production technology to support decarbonization.

Advanced ManufacturingCleantechClimate TechEnergyMassachusetts, US

Derek Warnick(Founder)inDavid Eaglesham(Founder)inRaffi Garabedian(Founder)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+8 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(Founder)inDeniz Kent(Founder)inDeniz Kent, Ph.D.(Founder)inDeclan Jones(Founder)inShahram Misaghiin

Board seatCooper Rinzler· per SEC Form D

Co-investorsBaruch Future VenturesDarco CapitalIn-Q-TelMayfield FundSolari CapitalCPT Capital+3 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 VenturesSorenson Impact FoundationClean Energy Ventures+1 more

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

Co-investorsEuropean Investment Bank

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)inKevin Kassekert(Executive Officer)Jason Thompson(Executive Officer)inJ. B. Straubel(Founder)

Board seatDavid Danielson· per SEC Form D

Co-investorsBright Success CapitalCoatue ManagementCollaborative FundCollective LiquidityCongruent VenturesDeepwater Asset Management+24 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.

CleantechClimate TechDeep TechEnergyHardwareCalifornia, US

John O'Donnell(Founder)inJohn ODonnell(Executive Officer, Director)Pete von Behrens(Founder)inLily 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 VenturesFactor[e] Ventures+1 more

Stoke Spacestokespace.comin𝕏Seed · Feb 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)inSula Bondaruk(Recruiter)Marla Nielsen(Recruiting Coordinator)Chantal Penton(Recruiter)

Board seatChristian Garcia· per SEC Form D

Co-investorsAcequia Capital (AceCap)AF WPartnersATEL VenturesAurelia FoundryBalerion Space VenturesBeyond Capital+53 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

Co-investorsThird Derivative

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(CTO)inCathy Han(CEO)inNicolas PorterPeter D. Yang(CEO)inLars Butzmann(Chief Analytics Officer)Kevin Stewart(Staff Software Engineer)

Co-investors500 GlobalY Combinator3one4 CapitalAgrolimen VenturesCRCM VenturesCrystal Venture Partners+4 more

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)inEhab Tasfai(Founder)Karan Khimji(Founder)

Co-investorsAir Liquide Venture Capital (ALIAD)Alumni VenturesBascom VenturesBasecamp FundClimate InvestmentFuture Planet Capital+9 more

Aerosealaeroseal.com

Seals leaky HVAC and building envelopes with a material plus AI and IoT hardware to cut CO2 emissions.

Miamisburg, OH, US

Amit Gupta(Chief Executive Officer)in

BoardDr. Mark Modera(Chief Scientific Advisor)

Co-investorsBaruch Future VenturesBuilding VenturesCarbonClimate InvestmentEnergy Impact PartnersAramco Ventures

Albedoalbedo.comin𝕏Series A · Jun 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(Founder)inDylan Betts(Executive Officer)inAjJay Lasater(Founder)Becca Zukowski(Lead Recruiter)

Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesCommodity CapitalCubit CapitalDnx Ventures+25 more

Alpine Bionobellfoods.comin𝕏Series A

Nobell Foods produces plant-based dairy cheese made from soybean plants engineered to grow casein protein, working with Midwest farmers.

BiotechClimate TechConsumerFoodTechSan Francisco, US

Magi Richani(CEO)inShu Li(Founder/CSO)

BoardChris Rivest(Director)Vijay Pande(Director)inKyle Vogt(Director)

Co-investorsAgFunderAndreessen HorowitzDCVC (Data Collective)Mission BiocapitalUnovis Asset ManagementY Combinator+7 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 VenturesPear VC

AM Batteriesam-batteries.comSeries B · Nov 2023 · $44M

AM Batteries develops Powder to Electrode dry coating technology for lithium-ion electrode manufacturing, reducing solvent use and energy consumption compared to traditional slurry methods.

Advanced ManufacturingCleantechEnergyMassachusetts, US

Yan Wang(Director)in

BoardAnil Achyuta(Director)inJimmy Kan(Director)inLisa Coca(Director)inLie Shi(Director)in

Co-investorsAnzu PartnersAsahi Kasei Corporate Venture CapitalCreative VenturesFoothill VenturesRA CapitalSAIC Technologies Fund II, LLC+3 more

Apeiron Labsapeironlabs.comSeries A · Feb 2026 · $10M

Apeiron Labs develops autonomous underwater vehicles and ocean technology for marine applications.

Climate TechDeep TechIoTRoboticsCambridge, US

Ravi Pappu(CEO / Board Member)in

BoardSanjeev Krishnan(Director)Jonathan Rosen(Director)David Douglas(Director)Kyle Teamey(Director)inMark Abbott(Director)

Co-investorsBay Bridge Ventures ClimateCoalitionS2G InvestmentsTFX CapitalRA CapitalThe Engine Ventures

ArkeaBioarkeabio.cominSep 2025 · $7M

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

Co-investorsNYA VenturesRabo Corporate VenturingAgriZeroNZ

Avalanche Energyavalanchefusion.comin𝕏Feb 2026 · $29M

Avalanche Energy develops compact fusion technology to generate high-energy neutrons for materials testing, radioisotope production, and advanced nuclear battery systems serving defense, space, and commercial power applications.

Deep TechDefense TechEnergyRichland, US

Robin Langtry(Co-Founder, CEO)inBrian Riordan(Co-Founder, COO)in

BoardMatthew Nordan(Director)inKyle Teamey(Director)

Co-investorsCongruent VenturesFounders FundLowercarbon CapitalRA CapitalToyota VenturesAlumni Ventures+6 more

Baseload Capitalbaseloadcap.cominOct 2022

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

Co-investorsChevron Technology VenturesGullspång InvestIngka Investments

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 VenturesThird DerivativeExtantia 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-investorsCarbonFlorida Opportunity FundTech Square VenturesThird DerivativeVoLo 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-investorsSanno Capital GmbHSocial 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(Founder)inHugo Leandri(Founder)in

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

C16 Biosciencesc16bio.comin𝕏Seed

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(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 PartnersG VenturesHelm+20 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(Founder)in

Co-investorsCarbonForesight CanadaPangaea Ventures Us Inc.Carbon DirectGreensoil PropTech VenturesMaRS

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

David Keith(Founder)Dan Friedmann(CEO)

Co-investorsDesigner FundETCapitalKhosla VenturesLowercarbon CapitalRusheen Capital PartnersWUTIF Capital+7 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 CapitalParafi General FundCoatue ManagementEquinor VenturesFootPrint Coalition+11 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)inDan Brunner(Founder)Dennis Whyte(Founder)

PartnerCarmichael Roberts· quoted

Co-investorsAdvection Growth CapitalArmada Investment AGBay Bridge Ventures ClimateBeni Venture CapitalBrainstorm VenturesCoatue Management+45 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(Founder)in

BoardDaniel Gallagher(Director)

Co-investorsAndreessen HorowitzBlack FlagBlossom CapitalBrave CapitalConstruct CapitalDragon Capital+11 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)inRajeev James Quazi(Executive Officer, Director)Dan Yates(CEO)inJames Quazi(Founder)

BoardCraig Shapiro(Director)in

Co-investorsBoxGroupCollaborative FundComcast VenturesCool Climate CollectiveEnergy Transition VenturesGround Up Ventures+4 more

Data Blanketdatablanket.cominDec 2022

Data Blanket builds a rugged, easy-to-operate system for deploying and running fleets of autonomous drones that use machine vision and AI to detect and identify threats and deliver real-time aerial situational awareness.

AI & Machine LearningDefense TechRoboticsBellevue, US

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

BoardDror Berman(Director)

Co-investorsIsrael Growth Partners

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 CoValanbio TherapeuticsArkea BioBia EnergyBuilding CompaniesEcocemElectricity CompaniesHeinekenManufacturing CompaniesMotif FoodWorksMTN 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 157 tracked investments, 3 of which have exited, including 38 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 381 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

Prelude Ventures

Prelude Ventures is a venture capital firm backing entrepreneurs building climate and clean-technology companies across sectors such as energy, carbon management, food and agriculture, mobility, and industrials.

$100K – $5M
Lowercarbon Capital

Lowercarbon Capital invests in companies that reduce carbon emissions, remove CO2 from the atmosphere, and develop climate adaptation technologies. The firm targets solutions across energy, transportation, industrial materials, agriculture, and carbon removal sectors.

$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
Khosla Ventures

Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.

$100K – $20M
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
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
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
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
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.

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
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.

▶73 more co-investors

Kleiner PerkinsStarlight VenturesSafar PartnersDarco CapitalWIND VenturesWovenEarthGV (Google Ventures)New Enterprise Associates (NEA)SOSVLowercase CapitalNational Grid PartnersStrawberry Creek Ventures8090 IndustriesClean Energy VenturesPlaneteer CapitalEniac VenturesMayfield FundAdditionInitialized CapitalComcast VenturesHOF CapitalJetstreamOUP (Osage University Partners)Pillar VCAglae VenturesNeva Sgr.Cleo Capital1955 CapitalVoLo Earth VenturesCreative VenturesTDK VenturesThe Westly Groupbp venturesAiiM PartnersFJ LabsSherpalo VenturesEQT VenturesSerena VenturesSweet CapitalMassMutual VenturesGE VenturesWorld FundFrialeShield CapitalWellington ManagementJLL SparkFuture Energy VenturesCubit CapitalTekfen VenturesApplied VenturesSeaX VenturesBuckhill CapitalEcosystem IntegrityEV Private EquitySynthesis CapitalFreestyle CapitalInnovation EndeavorsLookout VenturesTrajectory VenturesPolaris PartnersAtlas VentureSalesforce VenturesDraper Fisher Jurvetson (DFJ)Galaxy Digital Assets FundXtripe AngelsNorthpond VenturesGeek VenturesCalibrate VenturesBusiness Growth FundM34 CapitalAqua SparkAberdare VenturesBraemar Energy Ventures

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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