Fundraising Fox
Capricorn Investment Group
Impact investorNew York
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Investment thesis
Capricorn pursues sustainable investing designed to generate enhanced risk-adjusted returns while solving pressing environmental and social challenges. Through customized Outsourced Chief Investment Officer services, it builds long-term, impact-aligned portfolios tailored to each client's mission and thematic interests. Its focus areas include protecting natural resources and the environment's capacity to support human life, supporting healthy living through disease prevention, improved healthcare delivery, and health technology innovation, and improving the financial well-being of economically disadvantaged communities. The firm emphasizes purposeful integration of environmental and social priorities into both its investment approach and business operations.
Source: firm website, verified Sep 29, 2026.
Founder mafia
3 people who came through Capricorn Investment Group went on to found or lead other companies.
What they invest in
from 24 of 26 portfolio companiesCleantech ×10Hardware ×8AI & Machine Learning ×7Advanced Manufacturing ×5Energy ×5New Materials ×5SaaS ×5Climate Tech ×4
HQs:United States×19China×1
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 42023 · 32022 · 12021 · 22020 · 22015 · 42013 · 120 dated
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)
Co-investorsB Capital GroupB4 CapitalBaruch Future VenturesBeast VenturesBreakthrough Energy VenturesCarbon+15 more
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Porch Group operates a platform serving the homeowner and home services industry, with businesses spanning home inspection, real estate, moving, insurance (Homeowners of America), and data and marketing.
InsurTechPropTechSaaSSeattle, US
Matt Ehrlichman(CEO, Chairman, & Founder)inRonnie Castro(Executive Officer)inJake Cooney(Founder)inGregg Eskenazi(Executive Officer)Jeffrey Dossett(Executive Officer)Jason Allen(Executive Officer)
Co-investorsFJ LabsGraph VenturesGreat Oaks Venture CapitalRunway Growth CapitalValor Equity PartnersBattery Ventures+3 more
Seurat Technologies is a metal contract manufacturer that produces high-volume, industrial-scale metal parts using its proprietary Area Printing additive manufacturing technology, which decouples print speed from resolution.
Advanced ManufacturingClimate TechDeep TechHardwareBoston, US
Erik Toomre(Executive Officer, Director)
BoardRohit Sharma(Director)in
Co-investorsCubit CapitalNVIDIATrue VenturesHonda Innovations Silicon ValleyManiv MobilitySIP Global Partners+2 more
Auradine develops ultra-low-power compute technology for AI applications across cloud data centers, edge, and physical/embodied AI.
AI & Machine LearningHardwareSemiconductorsCampbell, US
Barun Kar(Executive Officer, Director)in
BoardRajiv Khemani(Director)inNavin Chaddha(Director)inSriram Viswanathan(Director)inFred Thiel(Director)inSaid Ouissal(Director)
Co-investorsCleo CapitalAIspace VenturesCelesta CapitalCota CapitalDCVC (Data Collective)Maverick Capital+10 more
EasyPost provides a RESTful API platform that simplifies shipping and logistics operations for businesses.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Jarrett Streebin(Founder/Title)in
Co-investors137 VenturesAcequia Capital (AceCap)Bow CapitalEastward Capital PartnersFundersClubGarage Capital+44 more
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 VenturesBreakthrough Energy VenturesCollaborative FundCongruent VenturesEarth Venture CapitalLowercarbon Capital+6 more
Electra develops hybrid-electric aircraft for short-distance regional aviation.
CleantechDefense TechHardwareMobility & TransportationManassas, US
John Langford(Founder)in
BoardJohn Hansman(Key Technical Advisor)Mark Drela(Key Technical Advisor)Mark Drela, PhD(Technical Advisor)Yannick Bonnaire(Technical Advisor)Oliver Masefield, PhD(Engineering Advisor)
Co-investorsOUTPOST VENTURESBHP VenturesBreakthrough Energy VenturesClub degli InvestitoriCollaborative FundEarth Venture Capital+8 more
Helion develops fusion energy systems designed to generate clean electricity for commercial use.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyHardwareSeattle, US
David Kirtley(Co-founder & CEO)inChris Pihl(Co-founder & CTO)inJohn Slough(Co-founder)inGeorge Votroubek(Co-Founder & Chief Scientist)inAnthony Pancotti(Co-founder)in
BoardSam Altman(Director)
Co-investorsAntiBoxGroupCongruent VenturesSoftBank GroupSoftBank Vision FundY Combinator+9 more
Heron Power develops power electronics and energy storage systems, leveraging expertise in software and manufacturing.
CleantechDeep TechEnergyHardwareCalifornia, US
Drew Baglino(Founder & CEO)in
Co-investorsAndreessen HorowitzBreakthrough Energy VenturesCongruent VenturesEnergy Impact PartnersGigascale CapitalValor Equity Partners
Innovium (now part of Marvell) designs custom silicon, network switch products, and interconnect platforms for AI data-center infrastructure, enterprise networking, and 5G carrier applications.
AI & Machine LearningData & InfrastructureHardwareSemiconductorsSan Jose, US
Rajiv Khemani(Co-Founder & Chief Executive Officer)inPuneet Agarwal(Co-Founder & Chief Technology Officer)inSumeet Gagneja(Chief Financial Officer)Bruce Fishbein(Chief Development Officer)inPhil Mazzara(General Counsel)Stuart Krometis(Vice President, Worldwide Sales and Business Development)in
Co-investorsBlackRockCelesta CapitalDag VenturesGreylock PartnersPremji InvestQualcomm Ventures+2 more
LARQ manufactures water purification bottles and hydration products designed to reduce reliance on single-use plastics while improving water quality.
CleantechConsumerDirect to ConsumerWellness & FitnessHayward, US
Justin Wang(Executive Officer, Director)Robert C. Walker(Executive Officer)Michael Liao(Director)David Cheng(Director)Douglas Collins(Director)
BoardDipender Saluja(Director)
Co-investorsAlumni VenturesAugment VenturesDCM VenturesHeuristic Capital PartnersDCMTechnology Impact
Magrathea develops a new electrolytic process to produce magnesium metal from seawater and brines, aiming to establish American and Western supply of this defense-critical material currently dominated by China.
Advanced ManufacturingCleantechDefense TechNew MaterialsArkansas, US
Alexander Grant(CEO)
Co-investorsAvilaBalerion Space VenturesCompoundHyperguapJuniperNecessary Ventures+4 more
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Matchday builds mobile, officially licensed casual football games with collectible digital player cards and live competitions.
Sebastien de Halleux(Founder)in
Co-investorsAbstract VenturesClaritas CapitalCourtside VenturesFermionGraph VenturesHorizons Ventures+6 more
Nuvia provides inbound and outbound AI agents that generate, qualify, and convert leads into sales automatically.
AI & Machine LearningSaaSSales Tech
Co-investors1616 VenturesAmador HoldingsCapria VenturesNXTPAtlantic Bridge VenturesBlackRock+6 more
The site publishes "best of" product roundup articles that recommend items available to buy on Amazon across many consumer categories.
ConsumerE-commerceMedia & Entertainment
Co-investorsExpansion Venture CapitalLearn CapitalStructure Capital
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
BoardDavid Danielson(Director)in
Co-investorsBreakthrough Energy VenturesCoatue ManagementCollaborative FundCollective LiquidityCongruent VenturesEclipse Ventures+19 more
Renren (Chengdu Renren Huyu Technology Co., Ltd.) operates Renren, a Chinese social networking website.
SocialChengdu, CN
Co-investorsDCM Ventures
Sendwave provides international money transfer services designed to simplify remittances through digital channels with low fees and fast transfers, serving customers who want to send money across borders without visiting physical locations.
B2B MarketplacesFintechBoston, US
Drew Durbin(Founder/CEO)in
Co-investors1435 CapitalDepth VenturesInitialized CapitalNimble PartnersPartech VenturesY Combinator+9 more
Sense Education is an AI-driven assessment platform that analyzes student submissions and provides educators with personalized feedback at scale.
AI & Machine LearningEdTechSaaS
Ronen Tal Botzer(Founder)inSeth Haberman(CEO)inEmily Becher(Co-CEO)
Co-investorsY CombinatorImagine K12Mindset VentureBlue Earth Capital AGEnergy Impact PartnersIDO Investments+5 more
SPAN develops smart electrical panels that provide real-time home energy monitoring and control, enabling homeowners to track and optimize energy consumption at the room and appliance level to reduce energy bills.
CleantechHardwareIoTSan Francisco, US
Arch Rao(Founder & CEO)inArchan Rao(Executive Officer, Director)Douglas Booms(Executive Officer)inRyan Harris(Executive Officer)in
BoardDipender Saluja(Director)Greg Wasserman(Director)
Co-investorsAngeleno GroupArcTern VenturesClimate CapitalCollaborative FundCongruent VenturesDesigner Fund+21 more
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Summit Nanotech develops an integrated Direct Lithium Extraction (DLE) platform called denaLi, combining a proprietary multi-column system, its eLivate sorbent, and predictive multi-physics modeling to extract lithium from brine with low water use and high recovery.
CleantechEnergyNew MaterialsCalgary
Amanda Hall(Director, Executive Officer)inJoe Arencibia(Executive Officer, Director)inVivian Farris(Executive Officer)inJeremy Patt(Executive Officer)inCheri Corbett(Director)inJoseph Lowry(Director)
Co-investorsForesightLG Technology VenturesRBCxThird DerivativeXoraEvok Innovations+3 more
Tegile (part of DDN) offers IntelliFlash, a flash storage platform for midrange AI and enterprise workloads that supports block, file, and object protocols with NVMe performance, deduplication, compression, and automated tiering.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Jose, US
Rohit Kshetrapal(Executive Officer, Director)Ian Edmundson(Executive Officer)
BoardVivek Mehra(Director)inDipender Saluja(Director)Aravinth Babu(Director)Paul Madera(Director)in
Co-investorsATEL VenturesAugust CapitalCross Creek AdvisorsFirstMile VenturesMercato PartnersMeritech Capital Partners+2 more
Teradar develops terahertz-based sensors for automotive safety, defense, and emerging applications.
Deep TechDefense TechHardwareMobility & TransportationBoston, US
Matthew Carey(CEO & Co-founder)inGregory Charvat(CTO & Co-founder)inNicholas Saiz(Chief Chip Architect & Co-founder)in
Co-investorsAlumni VenturesIbex InvestorsThe Engine VenturesLockheed Martin VenturesVXI Capital
Twelve transforms CO2 into chemicals, fuels, and materials through carbon transformation technology.
Advanced ManufacturingCleantechClimate TechHealthtechNew MaterialsMoses Lake, US
Nicholas Flanders(Founder & CEO)inEtosha Cave(Founder)inKendra Kuhl(Founder)inAndrew Cleeland(Executive Officer, Director)in
BoardMarc-Henri Galletti(Director)Nimesh Shah(Director)
Co-investorsBreakout VenturesDCVC (Data Collective)Dolby Family VenturesFifth WallAdvantage Partners Inc.Aera VC+31 more
Ultra provides digital vetting and trust verification solutions deployed across 40+ countries to enable secure online transactions and safeguard the digital economy.
AI & Machine LearningCybersecurityEnterprise SoftwareGovTechLogistics & Supply ChainSaaSDover, US
Co-investorsAwz VenturesMaverick SiliconPremji InvestProsperity7 VenturesSamsung Catalyst FundStepstone Group
On-chip error-resistant photonic qubits.
Christian Weedbrook(Founder)in
Co-investorsAF WPartnersBessemer Venture PartnersGolden VenturesIn-Q-TelInnovative Solutions CanadaOMERS Ventures+6 more
Exits · 6
3 IPOs · 3 acquisitions · showing 4Fervo EnergyNASDAQ: FRVOPorch GroupNASDAQ: PRCHSendwaveacq. by WorldRemitTegileacq. by DDN (DataDirect Networks)
Portfolio news
latest coverage across their companiesHelion Energy · techcrunch.com · Jun 4, 2026
Xanadu Quantum Technologies Inc · finance.yahoo.com · Apr 9, 2026
Heron Power · finsmes.com · Feb 18, 2026
Redwood Materials · finsmes.com · Jan 30, 2026
SPAN · bizjournals.com · Jan 28, 2026
Teradar · techcrunch.com · Nov 12, 2025
Electra · globenewswire.com · Apr 24, 2025
Auradine · prnewswire.com · Apr 16, 2025
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.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Fervo Energy | 12.4% | $27.00 | May 2026 | $924.1M |
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 Capricorn Investment Group made?
- Capricorn Investment Group has 26 tracked investments, 6 of which have exited, including 7 dated in the last 24 months.
- What sectors does Capricorn Investment Group focus on?
- Capricorn Investment Group focuses on Climate Tech, Crypto & Web3, Fintech, Healthtech, Impact & Social Good.
- Where is Capricorn Investment Group located?
- Capricorn Investment Group is headquartered in New York, US.
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