Fundraising Fox

Constellation Technology Ventures

Corporate VC

Baltimore · Seed–Growth · 26 people tracked

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Investment thesis

CTV backs category-defining startups on a path to venture-scale returns within large, interconnected energy markets. Its target areas span power and renewables (both hardware and software), electrification and EV adoption toward net-zero emissions across commercial, industrial and residential segments, emissions management (removal, monitoring, verification, and attribute tracking/trading), and digital strategies across the energy sector. CTV looks for unique commercial value that can be unlocked through its investment and leverages Constellation's operating businesses and customers to help portfolio companies grow. It prefers companies from post lab-bench to growth stage and leads roughly one in four of its investments.

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Growth
Check
$2M – $10M
HQ
Baltimore, Maryland, US
Leads rounds
Leads
Instruments
Equity
Founded
2010
Tracked investments
22

Team · 26 people

from the firm's website & public directories
Joseph Dominguez· President and Chief Executive Officer
Evan Ganz· Principalin𝕏
Nate Bender· Principal, Venture Investingin
Admiral John M. Richardson· Independent Director
Andrew Novotny· President and Chief Executive Officer, Calpine - Senior Executive Vice President, Constellation Power Operations
Ashish Khandpur· Independent Director
Bradley M. Halverson· Independent Director
Bryan Hanson· Senior Executive Vice President and Chief Generation Officer
Caleb Stephenson· Executive Vice President, Commercial Operations
Charles L. Harrington· Independent Director
Daniel L. Eggers· Senior Executive Vice President, Finance and Data Economy
David O. Dardis· Senior Executive Vice President and Chief External Affairs and Growth Officer
Dhiaa Jamil· Independent Director
Eileen Paterson· Independent Director
Emily Duncan· Senior Vice President, Strategy, Corporate Affairs and Advocacy
James McHugh· Senior Executive Vice President and Chief Commercial Officer
Julie Holzrichter· Independent Director
Matthew Price· Executive Vice President, Chief Legal Officer and General Counsel
Mike Koehler· Executive Vice President and Chief Administration Officer
Nneka Rimmer· Independent Director
Robert J. Lawless· Chairman; Independent Director
Shane Smith· Executive Vice President and Chief Financial Officer
Susie Kutansky· Executive Vice President and Chief Human Resources Officer
Yves C. de Balmann· Independent Director

What they invest in

from 16 of 22 portfolio companies

Energy ×12Cleantech ×9Hardware ×6SaaS ×6Climate Tech ×5AI & Machine Learning ×4Data & Infrastructure ×4Enterprise Software ×2

HQs:United States×13

Investments · 22 tracked

founders shown can be your intro path

By year:2024 · 12022 · 12 dated

Bloom Energybloomenergy.comin𝕏NYSE: BE

Bloom Energy manufactures solid oxide fuel cell systems for onsite power generation at commercial, industrial, and data center facilities.

CleantechEnergyHardware

K.R. Sridhar(Founder, Chairman, and CEO)

STEMstem.cominNYSE: STEM

Stem provides an integrated software suite, PowerTrack, for monitoring, developing, deploying, and operating solar and energy storage assets, serving asset owners, operators, and stakeholders in the clean energy sector.

CleantechEnergySaaS

AtmosZeroatmoszero.energyin𝕏
bidgelybidgely.com

Bidgely offers UtilityAI, a platform that uses patented energy disaggregation to identify appliance-level usage (such as EVs, HVAC, and heat pumps) from smart meter data alone, without surveys or smart plugs.

AI & Machine LearningEnergySaaS

C3c3.aiin𝕏

C3 AI develops an enterprise AI platform that unifies data, intelligent agents, and domain-specific AI models to help large organizations make faster and better operational decisions.

AI & Machine LearningEnterprise SoftwareSaaSSector AgnosticSan Jose, US

Thomas M. Siebel(Founder, Chairman, and CEO)Christopher Werner(Executive Officer, Director, Promoter)Dana Jurika(Executive Officer, Director, Promoter)Martin Gallon(Executive Officer, Director, Promoter)

DemandQdemandq.aiin

AI-enabled Real-time Demand Hub connecting energy suppliers and commercial end-users to optimize energy management and cost savings.

EnCharge AIenchargeai.comin

EnCharge AI develops advanced hardware and software solutions for AI computing, focused on semiconductor design and AI systems optimization.

AI & Machine LearningHardwareSemiconductors

Naveen VermainKailash GopalakrishnaninEchere Iroagain

GridBeyondgridbeyond.comin𝕏
Kevalakevala.comin𝕏

Kevala provides analytics software that aggregates real-time and forecasted data on electric grid infrastructure, load, carbon intensity, and market behavior to support decision-making about grid investments.

CleantechData & InfrastructureEnergySan Francisco, US

MARK FERRON(Director)ARAM SHUMAVON(Executive Officer, Director, Promoter)

LevelTen Energyleveltenenergy.comin

LevelTen Energy operates a platform that connects renewable energy developers with customers and market participants, facilitating project visibility and deal-making in the renewable energy sector.

B2B MarketplacesCleantechClimate TechEnergySaaSSeattle, US

Bryce Smith(Executive Officer, Director)Smith Bryce(Executive Officer, Director)William Thomas(Executive Officer)

BoardDavid Cohen(Director)Karly Wentz(Director)Greg Lyons(Director)

Measurablmeasurabl.comin𝕏

Measurabl is a sustainability data platform for real estate organizations that enables measurement, management, and reporting of environmental performance across buildings and properties.

Climate TechData & InfrastructurePropTechSaaSSan Diego, US

Matt Ellis(Founder)inLance Onken(Founder)Maureen(CEO)Waters Maureen(Executive Officer)Josh Henretig(Director)David Pogue(Director)

More on Operant Networksoperantnetworks.comin
picturechargepoint.comin𝕏

ChargePoint provides networked electric vehicle charging infrastructure and management software for company vehicle fleets and motor pools.

EnergyHardwareIoTLogistics & Supply ChainMobility & TransportationSaaSCampbell, US

Neil Suslak(Director)Pasquale Romano(Executive Officer, Director)William Thayer(Director)Antonio Canova(Executive Officer)Richard Lowenthal(Director)Jonathan Kaplan(Executive Officer)

Posigenposigen.com

PosiGen is a residential solar company that installs and services solar energy systems for homeowners, including system monitoring and billing.

CleantechClimate TechEnergyMetairie, US

Matthew Woods(Director)Benjamin Norwood(Executive Officer, Director)Aaron Dirks(Director)Timothy Anderson(Director)Margaret Anadu(Director)Lisa Neyhart(Director)

Proterraproterra.com

Proterra designs and manufactures zero-emission battery systems for commercial vehicles.

CleantechHardwareMobility & TransportationGreenville, US

Ryan Popple(Executive Officer, Director)Eric McCarthy(Executive Officer)Rob Johnson(Director)Michael Smith(Director)Tom von Reichbauer(Director)Mike Donoughe(Director)

Qnovoqnovo.comin
Sparkfundsparkfund.comin𝕏

Sparkfund provides deployment services to utilities for distributed energy resources (DERs), helping them design, deploy, and manage DER projects at scale across the grid.

CleantechClimate TechEnergyEnterprise Software

Pier LaFarge(Founder & CEO)in

Sunairiosunairio.comin

Sunairio develops grid forecasting software that integrates energy, weather, and climate data to help energy traders, grid operators, and renewable asset developers optimize commercial decisions.

AI & Machine LearningCleantechClimate TechData & InfrastructureEnergyInsurTechBaltimore, US

Rob Cirincione(Founder & CEO)inMitchell Walk(Director)

BoardAlex Behar(Director)David Arcara(Director)

Swtchenergyswtchenergy.com
Tandem PVtandempv.comin𝕏Jan 2022

Tandem PV manufactures high-efficiency perovskite-silicon tandem solar panels designed for U.S.-based commercial-scale production, serving electricity demand from AI, electrification, and data infrastructure.

CleantechEnergyHardwareSilicon Valley, US

Colin Bailie(Founder & CTO)Chris Eberspacher(Co-Founder)Scott Wharton(CEO)Rik Wehbring(Director)

Voltservervoltserver.comin

VoltServer develops Digital Electricity technology for power distribution in data centers, fiber networks, and extended enterprise deployments.

Data & InfrastructureEnergyHardwareEast Greenwich, US

Stanley Mlyniec(Executive Officer)Charles Garcia(Executive Officer, Director)Jorge Acevedo(Director)Stephen Eaves(Executive Officer, Director)Matthew Giuliano(Executive Officer)Robert C. Fanch(Director)

XGS Energyxgsenergy.cominJan 2024

EnergyPalo Alto, US

Michael Danaher(Executive Officer)Ghazal Izadi(Executive Officer)Joshua Prueher(Executive Officer, Director)Glen Robinson(Director)David Seldin(Director)Craig Barrett(Director)

Exits · 2

IPOs and acquisitions across the tracked portfolio

Bloom EnergyNYSE: BESTEMNYSE: STEM

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Constellation Technology Ventures invest at?
Constellation Technology Ventures invests at the Seed, Series A, Series B, Growth stages.
What is Constellation Technology Ventures's typical check size?
Constellation Technology Ventures typically writes checks of $2M – $10M.
What sectors does Constellation Technology Ventures focus on?
Constellation Technology Ventures focuses on Circular Economy, Cleantech, Climate Tech, Energy, Hardware, Mobility & Transportation, SaaS.
Where is Constellation Technology Ventures located?
Constellation Technology Ventures is headquartered in Baltimore, US.
Does Constellation Technology Ventures lead rounds?
Yes, Constellation Technology Ventures leads investment rounds.

Media · Podcasts & interviews

from their channel

Episode 15: Perspectives on Reliability and Sustainability from the Steel Industry

Constellation

Climbing to the Top of a Nuclear Cooling Tower

Constellation

Episode 14: The Amazing Power of Manufacturing

Constellation

Images

Constellation Technology Ventures photoConstellation Technology Ventures photoConstellation Technology Ventures photoConstellation Technology Ventures photo

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