Fundraising Fox
UPC Capital Ventures
Venture capitalBoulder · Seed–Growth · 7 people tracked
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Investment thesis
UPC Capital Ventures backs businesses that advance energy technology, sustainability, water management, and digital financial services. The firm leverages its parent organization's two decades of renewable energy project finance expertise and relationships to support founders building infrastructure and software solutions. All partners are former operators who provide strategic guidance and operational support including management, accounting, and tax services to help portfolio companies scale efficiently.
Source: firm website, verified Sep 25, 2026.
Team · 7 people
from the firm's website & public directories
Founder and chairman of UPC Capital Ventures with deep expertise in renewable energy development. He founded UPC Wind, which was acquired by SunEdison for $2.5 billion, and has directed wind and solar projects across the US, Canada, Europe, Asia, and other regions. Earlier career focused on project financing for renewable and alternative energy across multiple sectors.
Qualified accountant with over 25 years of senior management experience in global manufacturing and service industries. Previously worked at Unilever and Clifford Chance before joining UPC in 2006, where he manages finances and accounting across the firm's renewable energy, property, mining, and technology investment portfolio.
Financial controller with over 15 years of accounting and financial analysis experience. Previously worked in internal audit and financial management roles at World Fuel Services and Ericsson, managing operations across Latin America, Europe, and Asia Pacific regions.
Executive assistant and office manager providing administrative, HR, insurance, and human resources support to the management team. Over 10 years of experience in corporate administration across legal, manufacturing, distribution, energy, and health sectors.
Five-time CEO (two founder-led, three investor-appointed) with expertise in corporate development and corporate finance. Experienced in creating data-optimized organizations and implementing KPI-driven sales operations, with mentoring roles at The Founder Institute.
Certified Public Accountant with over 27 years in accounting, income tax, and private industry. Started career at Arthur Andersen and brings broad expertise in tax preparation, research, and client representation to support UPC's global development activities.
Finance and entrepreneurship-focused professional with eight years as CFO of PayBright, a startup credit card processing company. Now provides financial, operational, and strategic support to UPC portfolio entities and analyzes new investment opportunities for UPC Capital Ventures.
What they invest in
from 12 of 24 portfolio companiesCleantech ×7Energy ×6Fintech ×5AI & Machine Learning ×3Data & Infrastructure ×3Enterprise Software ×3Climate Tech ×2Deep Tech ×2
HQs:United States×6Canada×2Hong Kong×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×62 founders×3
Investments · 24 tracked
founders shown can be your intro pathBy year:2024 · 12022 · 12015 · 13 dated
Allinfra develops enterprise software and an asset tokenization platform to help institutions manage sustainability goals and access global infrastructure and environmental assets.
Climate TechData & InfrastructureEnterprise SoftwareFintechHong Kong, HK
Bill Kentrup(Founder)in
Co-investorsConsenSys MeshFJ Labs
Apparent develops renewable energy products by combining hands-on R&D with machine learning, including hardware and an operating system aimed at managing power and cooling demands for data centers.
CleantechEnergyHardware
Arctura develops advanced technologies including lightning protection systems, distributed nitric acid production, and optimization software for industrial applications.
Advanced ManufacturingCleantechDeep TechEnergyNew Materials
Neal Fine(Founder)in
Co-investorsSlater Technology Fund
Biome Renewables develops patented aerodynamic, biomimicry-based and advanced manufacturing technologies to improve the efficiency of wind turbine rotor blades for the renewable energy market.
CleantechClimate TechEnergy
Ryan Church(Founder, CEO & CTO)inBryan Murphy(CFO & Head of Finance)inDirk-Jan Kootstra(COO & Head of Manufacturing)inSøren Andersen(Head of Engineering)inRobin Borgert(Head of Sales)inRebecca Black(Director, Marketing & Communications)in
Co-investorsCreative Destruction Lab (CDL)
Energy Web builds blockchain-based infrastructure and a marketplace (Energy Web X) offering compute pools such as SmartFlow, Carbon-Aware, and GP4BTC for energy and sustainability applications.
CleantechCrypto & Web3Energy
Ed Hesse(Founder)
Co-investors1k(x)1kxAdvanced BlockchainBlackhorn VenturesFuture Energy VenturesMerkle Tree Capital+4 more
Clearwater provides investment accounting and reporting software that automates multi-basis, multi-currency accounting across public and private assets for investment firms.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaSChicago, US
Oleg Movchan(Director)Scott Werner(Executive Officer, Director)Stephen Malherbe(Executive Officer, Director)Tarek Hammoud(Executive Officer, Director)
Co-investorsFTV CapitalICONIQICONIQ CapitalICONIQ Growth
Kickfurther provides inventory funding for businesses through a consignment model, purchasing a company's inventory and consigning it back so that it is not recorded as debt or a liability on the balance sheet.
B2B MarketplacesConsumerFintechRetail Tech
Sean De Clercq(Chairman of the Board and Co-founder)inErik Straub(Vice President of Product/Co-founder)inGregory J. Gordon(CEO)in
Co-investorsACTAI VenturesBreak Trail VenturesDraper AssociatesIT-Farm CorporationSangha CapitalDenver Ventures
Nelumbo develops materials-science coatings that use microscopic surface structures to control how water and condensation interact with surfaces, serving industrial and consumer markets.
CleantechDeep TechNew MaterialsHayward, US
Liam Berryman(Cofounder)inLance Brockway(Director)in
BoardLaura Smoliar(Director)in
Co-investorsBerkeley CatalystHarmonix FundPrime Movers LabSafar PartnersUTEC1517
Phood, based in Boulder, Colorado, builds payment infrastructure that converts university student meal and campus card balances into a usable digital payment method.
FintechBoulder, US
Jackson Killion(Director)Alex Parmley(Executive Officer, Director)in
Co-investorsGaingelsTechstarsNew Stack VenturesStory Ventures
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Rhythmos.io, now part of Electron, provides analytics tools that give insight into distributed energy resource (DER) location and grid impact for intelligent energy delivery and use.
AI & Machine LearningCleantechData & InfrastructureEnergy
Tagg JeffersonKen Munson(CEO and President, Board Member)inMark Rawson(Chief Operating Officer)inMark Jaggassar(SVP, Products and Analytics)in
Co-investors500 GlobalProeza Ventures
Tilled provides payment facilitation services delivered as a software-as-a-service platform, enabling software companies to embed payment processing capabilities, monitor merchant transactions, and generate revenue from payments across the U.S. and Canada.
Enterprise SoftwareFintechSaaSBoulder, US
Caleb Avery(Executive Officer, Director)inJohn Allen(Executive Officer, Director)in
BoardBen Capell(Director)inRebecca Lynn(Director)inAbhinav Tiwari(Director)John Wallington(Director)in
Co-investorsAbstract VenturesAlumni VenturesBootstrap Venture PartnersCanvas VenturesClocktower VenturesFJ Labs+7 more
PulseSense Dynamics provides analytics and asset intelligence for owners and operators of wind and hydro power plants, integrating SCADA and sensor data in the cloud to detect performance losses and equipment health issues.
AI & Machine LearningCleantechEnergyBoston, US
Mohit Dua(Executive Officer, Director)
BoardPraveen Sahay(Director)inChristopher Poynter(Director)Bernd Krainick(Director)
Co-investorsPhoenix Contact Innovation VenturesWAVE Equity PartnersABB Technology Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ADOMANIArcturusCopperFonix LEDLlanllyr SourceMindpassMSDRPatientPalPlastics For ChangeSionicSwaterTripHero
Frequently asked questions
- How many investments has UPC Capital Ventures made?
- UPC Capital Ventures has 24 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does UPC Capital Ventures invest at?
- UPC Capital Ventures invests at the Seed, Growth stages.
- What sectors does UPC Capital Ventures focus on?
- UPC Capital Ventures focuses on AgTech, Cleantech, Climate Tech, Consumer, Crypto & Web3, Cybersecurity, Energy, Fintech, Impact & Social Good, SaaS.
- Where is UPC Capital Ventures located?
- UPC Capital Ventures is headquartered in Boulder, US.
- Who does UPC Capital Ventures co-invest with?
- UPC Capital Ventures most often shares deals with FJ Labs, Gaingels, Canvas Ventures, among 43 tracked co-investors.
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