Chicago · Seed–Series A · 13 people tracked
Investment thesis
Nonprofit created by Illinois law and funded via mandatory utility contributions, recycles returns into deals and connects startups with ComEd and Ameren to test technologies in regulated grid systems.
Source: firm website, verified Aug 6, 2026.
Team · 13 people
from the firm's website & public directories
What they invest in
from 16 of 24 portfolio companiesCleantech ×12Energy ×9Climate Tech ×5New Materials ×4Circular Economy ×2Cybersecurity ×2Data & Infrastructure ×2Enterprise Software ×2
HQs:United States×7Canada×3
Investments · 24 tracked
founders shown can be your intro pathAtlasDS offers a DNA-based data archival service that stores critical data in synthetic DNA for long-term retention without hardware migration cycles.
BiotechData & InfrastructureDeep Tech
Co-investorsEarth FoundryAccelAlso CapitalBlackRockGreycroft
Dragos provides cybersecurity software, threat intelligence, and professional services to protect operational technology (OT), IT, and IoT assets in industrial environments.
CybersecurityDefense TechEnterprise SoftwareHanover, US
Robert M. Lee(CEO and co-founder)in
Co-investorsAllegisCyber CapitalBYU Cougar CapitalCanaan PartnersCyber Mentor FundDataTribeEarth Foundry+8 more
e-Zinc develops zinc-based long-duration energy storage technology that decouples energy from power to provide reliable, lower-cost backup power and grid support.
CleantechClimate TechEnergy
Co-investorsToyota VenturesAnzu PartnersEarth FoundryGraphite Ventures
Earthshot develops and manages forest carbon projects, combining science, GIS, and machine learning to support nature-based carbon removal and reforestation.
Circular EconomyCleantechClimate TechImpact & Social GoodSebastopol, US
Troy Carter(CEO & Co-Founder)Patrick Leung(Executive Officer, Director)
BoardMaryanna Saenko(Director)in
Co-investorsAcorn Pacific VenturesParameter VenturesTrailhead CapitalEarth FoundryFuture VenturesEarthshot Ventures+6 more
Elliott Bennett(Cofounder)Dylan Lew(Cofounder)Kyle Wyche(Cofounder)
Co-investorsAvesta FundEarth FoundryEverywhere Ventures
GlidePath is an independent developer and owner of advanced energy systems, focused on renewable energy and battery storage projects.
CleantechClimate TechEnergyChicago, US
Harvest Thermal combines high-efficiency heat pumps with a smart thermal battery (water-tank heat storage) and a controller (the Harvest Pod) to provide home heating, hot water, and air conditioning while lowering utility bills and emissions.
CleantechClimate TechEnergy
JanePierre
Co-investorsAstiaClimate Impact CapitalCool Climate CollectiveEarth FoundryPortfoliaSilicon Valley+3 more
Co-investorsCapital Midwest FundEarth FoundryEmerald Development ManagersEvergreen Climate InnovationsPallasite VenturesWAVE Equity Partners+1 more
Co-investorsEarth Foundry
NanoGraf develops a silicon-based high-energy-density anode material intended to replace graphite anodes and improve the performance of lithium-ion batteries.
CleantechEnergyNew MaterialsChicago, US
Samir Mayekar(Director)Francis Wang(Executive Officer, Director)Connor Hund(Executive Officer)Erik Birkerts(CEO)inKara Rodby(Chief Strategy Officer)inJia Chow(VP of Manufacturing)
Co-investorsEarth FoundryEmerald Technology Ventures AgEvergreen Climate InnovationsMaterial ImpactHyde Park Angels
Network Perception offers NP-View, software that generates and maintains network maps to help organizations assess risk, verify network segmentation, and evaluate the security posture of their environments.
CybersecurityEnterprise SoftwareSaaSChicago, US
Robin Berthier(Chief Executive Officer, President, & Director)Ted Greene(Chief Operating Officer)William Sanders(Director)
BoardJeff Bocan(Director)Steve Westly(Director)inRobert Schultz(Director)in
Co-investorsEarly Light VenturesEarth FoundryEnergy Impact PartnersIllinois VenturesOkapi Venture CapitalSerra Ventures+1 more
NxLite develops sustainable coatings and glazing solutions for building windows and glass to improve energy efficiency and reduce heating/cooling energy loss.
CleantechConstruction TechNew MaterialsToronto, CA
David Matherin
Co-investorsACT Venture PartnersBackwards CapitalCreative VenturesEarth FoundryNew Climate VenturesTop Corner Capital+1 more
Omnidian provides performance assurance and monitoring for solar and battery storage assets, using local field teams and proprietary analytics to reduce operations and maintenance costs and remediate performance issues.
CleantechEnergySaaS
Co-investorsACTIVATE CAPITAL PARTNERSB Capital GroupB4 CapitalBlue Bear Capital PartnersBridges Fund Management Ltd.City Light+8 more
Oxylus Energy develops CO₂-to-methanol electrolyzer technology to produce clean fuels and chemicals for industrial use.
CleantechClimate TechEnergyNew Haven, US
Perry Bakas(Chief Executive Officer | Co-Founder)Harrison Meyer(Cofounder)Conor Rooney(Chief Technology Officer | Co-Founder)
Co-investorsAzolla VenturesConnecticut InnovationsEarth FoundryToyota Ventures
Recurve provides an open-source platform that turns utility customer energy data into demand-side and demand-flexibility programs, with tools for planning, segmentation, program delivery, and DER performance measurement and verification.
CleantechData & InfrastructureEnergy
Co-investorsCity LightEarth FoundryFuture matters Venture CapitalPrelude Ventures
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.
CleantechHardwareIoT
Arch Rao(Founder & CEO)
Co-investorsAngeleno GroupArcTern VenturesCollaborative FundCongruent VenturesDesigner FundEarth Foundry+15 more
Tank Utility offers an LTE-connected tank monitoring device and mobile app that tracks fuel levels and alerts users before they run out, helping fuel delivery operators reduce the number of deliveries needed.
EnergyHardwareIoT
Co-investorsBullpen CapitalEarth FoundrySerra VenturesShorooq Partners
UpSolv (Polystyvert) develops a plastics recycling technology based on dissolution and purification to produce custom purified resins from thermoplastics such as polystyrene, HIPS, ABS, and polyolefins (PE, PP, PC), removing contaminants while retaining additives.
Circular EconomyCleantechNew MaterialsQuébec, CA
Co-investorsEarth FoundryCycle Capital
Volexion develops cathode active material encapsulation technology and drop-in composite materials for lithium-ion battery manufacturing, improving cycle life, power density, temperature range, and voltage window.
CleantechEnergyNew Materials
Co-investorsClean Energy VentureEarth FoundryClean Energy Ventures
Portfolio news
latest coverage across their companiesAtlas · trysignalbase.com · Aug 7, 2026
NxLite · axios.com · Jul 18, 2026
SPAN · latitudemedia.com · Feb 2, 2026
Volexion · battery-tech.net · Aug 27, 2025
Omnidian · finsmes.com · Apr 24, 2025
UpSolv · sustainablebiz.ca · Apr 16, 2025
Frequently asked questions
- How many investments has Energy Foundry made?
- Energy Foundry has 23 tracked investments.
- What stage does Energy Foundry invest at?
- Energy Foundry invests at the Seed, Series A stages.
- What is Energy Foundry's typical check size?
- Energy Foundry typically writes checks of $1M – $5M.
- What sectors does Energy Foundry focus on?
- Energy Foundry focuses on AgTech, AI & Machine Learning, Cleantech, Climate Tech, Cybersecurity, Deep Tech, Energy, Hardware, Impact & Social Good, New Materials.
- Where is Energy Foundry located?
- Energy Foundry is headquartered in Chicago, US.
- Does Energy Foundry lead rounds?
- Energy Foundry typically participates in rounds rather than leading them.
- Who does Energy Foundry co-invest with?
- Energy Foundry most often shares deals with Earth Foundry, City Light, Congruent Ventures, among 67 tracked co-investors.
Media · Podcasts & interviews
featuring the teamETS@chicago Introduction: Jason Blumberg Energy Foundry CEO
Zpryme · Jason Blumberg
Images
Co-investors · 9
National Grid Partners is the venture capital unit of National Grid plc, a major investor-owned energy utility company. The firm invests in innovative energy-related technologies and business models.
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.
City Light is an impact-focused investment firm that partners with experienced teams to build scalable companies addressing challenges in education, safety and care, and the environment.
Bullpen Capital is an early-stage venture firm that has funded over 100 companies, focusing on businesses that have found product-market fit but are overlooked by other investors.
Anzu Partners is an investment firm backing breakthrough clean tech, industrial, and life science technologies, working alongside founders through a team of investors, operators, scientists, and engineers.
WIND Ventures is the corporate venture capital arm of Copec, part of Copec's innovation ecosystem, focused on transforming the energy, mobility and convenience/retail sectors across Latin America and the US.
Acorn Pacific Ventures is an early-stage investment firm focused on Silicon Valley and Asia Pacific technology companies, continuing a decades-long legacy and network across the Pacific Rim.
MaRS IAF is one of Canada's most active early-stage investors that backs ambitious founders building breakthrough technology companies with a strong presence in Ontario, from first cheque through growth stage.
Firms observed investing alongside Energy Foundry, from public investor directories. Shared companies are the overlap with Energy Foundry's recorded portfolio.
Similar investors
The Business Development Bank of Canada (BDC) is a Canadian institution that has supported small and medium-sized businesses for over 80 years, providing financing and advisory services to entrepreneurs across all industries and growth stages.
Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.
Innovobot is an investment and innovation platform focused on deep tech, combining a venture fund (IRV), an innovation studio (Innovobot Labs), and engineering services to foster technologies that address social, industrial and environmental challenges.
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.
Maverick Ventures Israel is an early-stage venture capital firm founded by entrepreneurs, backing Israeli technology startups across diverse industries with capital and operational support.