Fundraising Fox

Generate Capital

Private equity

San Francisco · Series C–Late Stage · 7 people tracked

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Investment thesis

Generate Capital invests in mission-critical sustainable infrastructure essential to the energy transition and decarbonization. The firm operates as a developer, financier, and long-term owner of assets spanning renewable energy (solar, storage), agricultural innovation (vertical farms, greenhouses), waste and water management, green hydrogen, and critical data center infrastructure. It deploys both equity and debt capital to scale infrastructure that addresses climate change and creates resilient returns amid favorable market conditions.

Source: firm website, verified Jul 21, 2026.

Stage
Series C–Late Stage
HQ
San Francisco, US
Leads rounds
Follows
Instruments
Equity · Debt
AUM
$1.5B
Tracked investments
11

Team · 7 people

from the firm's website
David Crane· Chief Executive Officer and Chairman

Appointed CEO and Chairman in September 2025, leading the firm's positioning to capitalize on opportunities in the evolving energy market.

William Sonneborn· President

Investment industry leader appointed as President of Generate Capital in December 2023.

Brian Lehman· Chief Financial Officer

Chief Financial Officer who stepped down from his role in November 2024.

Darryl Carbonaro· General Counsel

General Counsel of Generate Capital who serves as an Advisory Board Member of the Elisabeth Haub School of Law's Sustainable Business Law Hub.

Harsi Thethi· Interim CFO

Appointed Interim Chief Financial Officer in November 2024.

Paul Ross· Global Head of Investor Solutions

Appointed Global Head of Investor Solutions within the Capital Formation team in March 2025.

Scott Jacobs

Investment professional at Generate Capital who provides expert commentary on major energy transition winners.

Investments · 11 tracked

founders shown can be your intro path
Ambient Fuels

Pioneering developer of green hydrogen projects

Better Future Farms

Virginia-based operator of state-of-the-art indoor hydroponic farms

Blue Bird

School bus manufacturer partnering with Generate Capital on electric school bus fleet solutions

Equinox Growers

Virginia-based developer and operator of high-tech greenhouses

esVolta

Large-scale battery storage developer

Generate Upcycle

Portfolio operator specializing in North American anaerobic digestion and renewable natural gas projects

GrowUp

UK-based vertical farm producer of locally grown, pesticide-free greens

Pacific Steel Group

Steel producer developing an electric arc furnace micro-mill for sustainable steel production

Pine Gate Renewables

Leading renewable energy developer for utility-scale solar and storage

Sedron Technologies

Developer of innovative liquid waste treatment technology for wastewater and biosolids processing

Soluna

Developer of green data centers for intensive computing applications including AI and Bitcoin mining

Frequently asked questions

What stage does Generate Capital invest at?
Generate Capital invests at the Series C, Growth, Late Stage stages.
What sectors does Generate Capital focus on?
Generate Capital focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Data & Infrastructure, Energy.
Where is Generate Capital located?
Generate Capital is headquartered in San Francisco, US.
Does Generate Capital lead rounds?
Generate Capital typically participates in rounds rather than leading them.

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