London · Series A–Growth · 15 people tracked
Also known as SYSTEMIQ · SYSTEMIQ Capital SCSp
Investment thesis
Systemiq Capital invests primarily at Series A stage across the UK, Europe and the US, backing founders redefining the physical economy. Its focus spans three thematic areas: Electrification (solar, power electronics, grid utilisation and clean energy), Decoding Nature (combining biology and technology to transform natural resource production and human health), and Applied AI (including robotics, AI infrastructure and industrial applications). The firm positions its edge as deep understanding of market forces, industry dynamics and system conditions shaping a company's path to scale, pairing founders with specialist expertise, networks and commercially grounded support.
Source: firm website, verified Aug 3, 2026.
Team · 15 people
from the firm's website & public directories
What they invest in
from 26 of 41 portfolio companiesCleantech ×13Climate Tech ×11Energy ×10AI & Machine Learning ×7SaaS ×7AgTech ×4Deep Tech ×4IoT ×4
HQs:United States×14United Kingdom×4Australia×1Germany×1Israel×1
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×72 founders×53 founders×24+ founders×1
Where their founders worked beforefrom 10 founders with career history
BOOST ×2Stanford University ×2
Accelerator rootsportfolio companies that came through a program
Investments · 41 tracked
founders shown can be your intro pathBy year:2025 · 22022 · 13 dated
Chicago, US
Samuel Tegel(Executive Officer, Director)
BoardSamantha Smith-Eppsteiner(Director)in
Board seatIrena Spazzapan· per SEC Form D · $36.5M raise · filed Dec 2025
Co-investorsInnovation Endeavors
Co-investorsBlue Bear Capital PartnersPerivoli InnovationsSYSTEMIQ
Archetype AI builds Physical AI for real-world operations, centered on Newton, a proprietary foundation model that fuses multi-sensor data to perceive and reason about physical environments.
AI & Machine LearningDeep TechIoTSan Mateo, US
Ivan Poupyrev, PhD(Founder)inNick Gillian(Founder)inJaime Lien(Founder)inBrandon Barbello(Founder)inIvan Poupyrev(Founder)inLeonardo Giusti(Founder)in
Co-investorsE12 Venture Capital, LlcEarl Grey CapitalHitachi VenturesStrange VenturesTrajectory VenturesVenrock+1 more
A new type of biodiscovery, discovering and harnessing nature's most valuable proteins
Oliver Vince(Founder)inGlen Gowers(Founder)
Co-investorsBlue Horizon CorporationHummingbird VenturesNVenturesS32Section 32True Ventures+5 more
BEDEO makes and supplies zero-emission electric vehicles and provides strategic support for fleet electrification, including repairs, refits, spares and backup.
CleantechClimate TechHardwareMobility & TransportationLondon, GB
Osman Boyner(Chief Executive and Founder)
Co-investorsSYSTEMIQ
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(CEO)Hugo LeandriCody Finke, Ph.D.(Founder)in
Co-investorsAccelr8Collaborative FundCreative Destruction Lab (CDL)DCVC (Data Collective)Fifth WallGVP Climate+4 more
Cable provides battery-backed electricity plans for Australian small businesses, funding and owning the battery and trading it on wholesale markets to charge when prices are low and discharge when high.
CleantechClimate TechEnergySydney, AU
Co-investorsBlack Nova VC
Charm Industrial converts agricultural residues into bio-oil and injects it underground to remove carbon from the atmosphere at scale.
AgTechCleantechClimate Tech
Shaun Meehan(Chief Scientist and co-founder)
Co-investorsAzolla VenturesBreyer CapitalCongruent VenturesKinnevikLIONHEART VENTURESPrime Impact Fund+6 more
Circulor provides a supply chain traceability platform that tracks raw materials such as cobalt, lithium, nickel, and natural graphite, offering Digital Product/Battery Passport and Trust & Assurance solutions.
Circular EconomyEnterprise SoftwareSaaS
Co-investors24 HaymarketAster CapitalFuture Positive CapitalHG VenturesInMotion VenturesRegeneration.VC+2 more
Software-enabled energy efficiency for manufacturers
CoolPlanet offers a software platform combined with expert consultancy that gives industrial energy teams a single source of truth for energy, carbon, and cost data across multiple plants.
Climate TechEnergySaaS
Co-investorsSYSTEMIQ
World leader in drone-based restoration of degraded land
Matthew Ritchie(Founder)in
Co-investorsAt One VenturesLOWERCARBONLowercarbon CapitalVentureSouqZouk CapitalAirbus+2 more
Electron provides grid-aware analytics and flexibility market coordination software that helps distribution utilities and network operators make distributed energy resource (DER) flexibility visible, verifiable, and tradeable.
CleantechEnergySaaSLondon, GB
Co-investorsOne Planet CapitalEast InnovateSYSTEMIQ
ElectronX (EXI) operates a CFTC-regulated power derivatives exchange and clearinghouse offering trading products tied to intraday electricity price fluctuations, aimed at risk management and volatility hedging.
CleantechEnergyFintech
Co-investorsDCVC (Data Collective)Lightning CapitalSYSTEMIQ
Greeneye develops AI-powered targeted spraying systems that convert standard agricultural sprayers into precision machines, enabling farmers to reduce chemical pesticide use by 80-90% while maintaining crop performance.
AgTechAI & Machine LearningClimate TechIoTRoboticsTel Aviv, IL
Nadav Bocher(Founder)in
Co-investors2B.VCDeep InsightKoch Disruptive TechnologiesOne Way VenturesOrbia VenturesPanache Ventures+4 more
Hoxton Farms grows cultivated fat, a biomanufactured ingredient for food companies to use in plant-based and alternative meat products.
AgTechAI & Machine LearningBiotechDeep TechFoodTechLondon, GB
Vítor Espírito Santo(Chief Scientific Officer)in
Co-investorsBackedCollaborative FundEarth Venture CapitalFine Structures VenturesForm VenturesGlobal Brain+4 more
InnerPlant develops living sensor technology that enables farmers to detect plant stress in real-time, allowing targeted application of treatments to reduce chemical use and increase crop yields.
AgTechBiotechIoTCalifornia, US
RodinShely Aronov(Executive Officer, Director)Gary Schaefer(Chief Commercial Officer)in
Co-investorsBison VenturesCultiv8 Funds ManagementKokopelli CapitalMS&AD VenturesPlum Alley InvestmentsTAU Ventures+3 more
Jupiter Intelligence provides climate and physical risk analytics that quantify asset- and portfolio-level exposure to extreme weather and translate it into financial metrics like credit, loss, and cashflow impact.
AI & Machine LearningClimate TechFintechSan Mateo, US
Eric Wun(Founder)Rich Sorkin(Founder)in
Co-investorsDCVC (Data Collective)Energize CapitalMPowerMS&AD VenturesSYSTEMIQ
Driving the smart grid as part of Octopus Energy
Full-stack optical integration for data centres
Company focused on transforming AI infrastructure networking.
San Jose, US
Vivek Raghuraman(Executive Officer, Director)
Mixx builds silicon-level optical interconnect technology that unifies compute, memory, and network into a connectivity fabric for AI workloads.
AI & Machine LearningDeep TechSemiconductorsSan Jose, US
Vivek R(Founder)
Co-investorsG Vision CapitalSYSTEMIQ
NatureMetrics provides an end-to-end biodiversity monitoring and nature impact reporting service based on eDNA (environmental DNA) analysis, delivered through its Nature Intelligence Platform.
BiotechClimate TechEnterprise Software
Co-investorsAnanda Impact VenturesSYSTEMIQ
New York City, US
Co-investorsM12 (Microsoft's Venture Fund)Root Ventures Manager, LlcTechstarsTMV
Charging solutions to enable the fast adoption of EVs
Democratizing the power of value-based investing
San Francisco, US
Philip Wei(Executive Officer, Director)Conor Murray(Executive Officer, Director)
Co-investorsSYSTEMIQ
Podero provides energy flexibility software for utilities that steers connected household devices such as EVs, heat pumps, batteries, and solar systems, and trades their flexibility on day-ahead and intraday electricity markets.
CleantechEnergySaaS
Co-investorsPlanet A VenturesPUSH VenturesPale Blue DotSYSTEMIQ
Qflow is a construction data platform that captures real-time on-site data on materials, waste, utilities, and carbon emissions, then digitises and audits each delivery.
Climate TechConstruction TechSaaSLondon, GB
Brittany Harris(CEO)inJade Cohen(CPO)in
Co-investorsConduit ConnectEntrepreneur FirstGroundBreak VenturesMMC VenturesPi LabsSuffolk Technologies+2 more
Ren Energy runs supply chain decarbonization programs across the Asia-Pacific region, connecting global brands and their suppliers with renewable energy projects.
CleantechClimate TechEnergyPortland, US
Eric Jen(Founder)
Co-investorsStarshotCamber CreekElevate CapitalJLL Spark Global VenturesSYSTEMIQ
Supply chain renewable energy and traceability solutions
SpecifX provides data enrichment for HVAC assets, turning basic nameplate data into structured, asset-level metadata such as specifications, features, and performance levels for commercial and industrial equipment.
CleantechData & InfrastructureSaaS
Ryan Martineau(Founder, Chief Executive Officer)Pete Shimkus(Founder, Chief Product Officer)Ben Patch(Founder, Chief Data Officer)Jason Riley(Chief Technology Officer)
Co-investorsBetter Ventures Central LlcBlackhorn VenturesPowerhouse VenturesSaas Ventures, L.L.C.SYSTEMIQ
Station A provides software and services that help commercial building owners and portfolio managers evaluate buildings, identify clean energy project opportunities such as onsite solar, and connect with qualified developers and buyers to execute those projects.
CleantechClimate TechEnergySan Francisco, US
KEVIN BERKEMEYER(Executive Officer, Director)in
BoardGEORDAN HANKINSON(Director)inEMILY KIRSCH(Director)
Co-investorsBuilding VenturesClimacticFuture Energy VenturesSE VenturesPowerhouse VenturesRenewal Funds+2 more
The Routing Company builds a real-time routing algorithm and its Pingo platform for on-demand transit and logistics, reoptimizing routes to increase vehicle seat utilization while maintaining ETAs.
AI & Machine LearningLogistics & Supply ChainMobility & Transportation
Alex Wallar(Founder)in
Co-investorsConvergeThe Engine VenturesGalvanize Climate SolutionsSYSTEMIQ
ZeroAvia develops hydrogen-electric powertrain technology for aircraft, aiming to enable zero-emission aviation.
CleantechClimate TechDeep TechMobility & TransportationHollister, US
Valery Miftakhov(Executive Officer, Director, Promoter)Sergey Kiselev(Director)inJames McMicking(Chief Strategy Officer)in
BoardGeoff Eisenberg(Director)inMatt Eggers(Director)inChristine Ourmieres-Widener(Director)
Co-investorsAP VenturesBreakthrough Energy VenturesDniproEcosystem Integrity FundHorizons VenturesScottish National Investment Bank+8 more
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 · 1
IPOs and acquisitions across the tracked portfolioSpecifxacq. by XOi
Portfolio news
latest coverage across their companiesRen · lufkindailynews.com · Aug 24, 2026
Jupiter · stockstotrade.com · Aug 22, 2026
ZeroAvia x-tech-robotics · flightglobal.com · Aug 20, 2026
Electron · investing.com · Jul 31, 2026
Basecamp · community.startuptalky.com · Jul 31, 2026
Claros · innovationnewsnetwork.com · Jul 29, 2026
Kraken · eu-startups.com · Jul 10, 2026
Brimstone · simplywall.st · Jun 26, 2026
Principals & officers · per Companies House
what is this? ⓘDirector · British · since 2022
Director · British · since 2018
Director · American · since 2022
Director · Dutch · since 2022
Director · British · since 2024
Irena Spazzapan — 25–50% of shares, 50–75% of voting rights, right to appoint and remove directors
Frequently asked questions
- How many investments has Systemiq Capital made?
- Systemiq Capital has 39 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
- What stage does Systemiq Capital invest at?
- Systemiq Capital invests at the Series A, Growth stages.
- What sectors does Systemiq Capital focus on?
- Systemiq Capital focuses on AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Deep Tech, Energy, Mobility & Transportation, PropTech, Robotics, Space Tech.
- Where is Systemiq Capital located?
- Systemiq Capital is headquartered in London, GB.
- Does Systemiq Capital lead rounds?
- Systemiq Capital typically participates in rounds rather than leading them.
- Who does Systemiq Capital co-invest with?
- Systemiq Capital most often shares deals with DCVC (Data Collective), Collaborative Fund, MS&AD Ventures, among 101 tracked co-investors.
Media · Podcasts & interviews
featuring the teamSystemiq Capital - Moving to net-zero through innovation (feat. Irena Spazzapan)
Irena Spazzapan · climateinsiders.co
Systemiq Capital - Moving to net-zero through innovation (feat. Irena Spazzapan)
Climate Insiders · Irena Spazzapan
#42 George Darrah - Principal at Systemiq Capital - From Oil & Gas to ClimateTech VC - Tech and Trees | Acast
George Darrah · shows.acast.com
#42 George Darrah - Principal at Systemiq Capital - From Oil & Gas to ClimateTech VC - Tech and Trees | Acast
George Darrah · shows.acast.com
Episode 6: Irena Spazzapan, Managing Partner @ Systemiq Capital - Venturing in Climate | Acast
Irena Spazzapan · shows.acast.com
Co-investors · 5
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.
SoftBank Vision Fund invests globally in AI-focused companies working to transform and create industries.
Next47 is a venture capital firm that invests early, focusing on the product itself before metrics or hype, partnering with founders to help them scale from initial concept to growth.
Summit Partners is a growth investing firm that backs category-leading companies across technology, healthcare and life sciences, and growth products and services, providing capital and resources to support their expansion.
Firms observed investing alongside Systemiq Capital, from public investor directories. Shared companies are the overlap with Systemiq Capital's recorded portfolio.
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