Virescent Ventures
Venture capitalPre-Seed–Late Stage · 13 people tracked
Investment thesis
Virescent Ventures believes emissions impact and commercial impact can go hand in hand, targeting investments that address the largest and hardest-to-abate sources of emissions. The firm anticipates a decade in which new companies remake the physical economy much as the internet transformed the digital world. It backs founders across the full lifecycle, from pre-seed through late-stage growth capital, supporting companies as their needs evolve. Its investments span deep tech and business model innovation, across both software and hardware. Virescent Ventures grew out of the Clean Energy Innovation Fund, part of the Clean Energy Finance Corporation.
Source: firm website, verified Aug 7, 2026.
Team · 13 people
from the firm's website
What they invest in
from 17 of 42 portfolio companiesCleantech ×14Energy ×11Climate Tech ×6Hardware ×5Advanced Manufacturing ×3Deep Tech ×3New Materials ×3IoT ×2
HQs:Australia×9United States×1
Investments · 42 tracked
founders shown can be your intro pathDryFlow (DryFlow Magnetics) develops a waterless, dry magnetic mineral separation technology (the patented Kuchel Process / stacked magnetics) that upgrades low-grade magnetite and tailings into high-purity, DRI-grade iron concentrates without process water.
CleantechClimate TechHardwareWingfield, AU
Brett(Founder & CEO)Jon(Founder & COO)Elena(Co-Founder)Nadia(Co-Founder & Chief Strategy Officer)
Renewable Metals develops an alkali-based recycling process that recovers lithium, nickel, cobalt, and other critical minerals from end-of-life lithium batteries for reuse in new battery manufacturing.
Circular EconomyCleantechEnergyWestern Australia, AU
Mark Urbani(CTO, Founder, Director)Gary Johnson(Founder, Director)
Birra Technologies develops a single-stage process using a modular solar-powered falling film panel reactor with a proprietary catalyst to convert carbon-neutral waste biogas into green methanol at room temperature and atmospheric pressure.
CleantechClimate TechEnergyBrisbane, AU
Carbon Revolution is a Tier 1 OEM supplier that designs and manufactures lightweight carbon fibre wheels for the automotive industry.
Advanced ManufacturingMobility & TransportationNew Materials
The Clean Energy Finance Corporation (CEFC) is Australia's specialist climate investor, providing finance to cut emissions and support the transition to net zero across energy generation, storage, transmission, transport, farming, construction, manufacturing and mining.
CleantechClimate TechEnergy
Retrofit technology enabling existing combustion engines to run on a hydrogen blend with minimal modification.
Downforce Technologies operates a data-driven platform that measures soil organic carbon, soil health and biodiversity using high-resolution remote data instead of physical soil sampling.
AgTechCleantechClimate TechDeep Tech
Jacqueline McGlade(Professor / Scientific Lead)
GreenSync provides digital software solutions for energy market participants—including retailers, generators, gen-tailers, distribution and transmission networks, and new energy services companies (ESCos)—to manage distributed energy, balance supply and demand, and create value for customers.
CleantechClimate TechEnergySaaSMelbourne, AU
Phil Blythe(Founder)
Software helping energy system players navigate decentralised and decarbonised transition.
Gridcog (Gridcognition) provides energy modelling and simulation software used to assess the feasibility, design, and asset valuation of energy transition projects.
CleantechEnergySaaS
Converting organic waste to green hydrogen using synthetic biology.
Novel electrolysis technology for producing green hydrogen.
Distribution and installation of EV charging infrastructure.
Ultra-fast EV charging that unlocks the grid.
Using microbes to draw down carbon into soils at scale.
Carbon capture technology that extracts battery-grade lithium from resource deposits using less water and lower costs than current methods.
Helps homeowners cover the upfront cost of solar and battery systems via partnerships with energy retailers.
Omni Tanker manufactures specialised tank containers, road tankers, and aerospace tanks using carbon fibre composite technology for the transport and storage of aggressive corrosive and high-purity chemicals, high-pressure gases such as hydrogen, and cryogenic fluids.
Advanced ManufacturingLogistics & Supply ChainNew Materials
Bill Rodgers(Founder)Brian MacNaughton(Co-founder)Luke Djukic(Chief Technical Officer (CTO))
OptiGrid provides a battery optimisation and trading intelligence platform that uses AI-driven electricity price forecasting and optimisation to help asset owners operate grid-scale batteries and make investment decisions.
AI & Machine LearningCleantechEnergy
Dr Ali Pourmousavi(CEO & Founder)
Realised investment (Clean Energy Innovation Fund).
Relectrify develops battery energy storage systems and cell-level management software to reduce the cost of renewable energy.
CleantechDeep TechEnergyHardware
Realised investment (Clean Energy Innovation Fund).
Torrance, US
Dave Whelan(Chief Operating Officer)Paul Yousif(General Counsel and Treasurer)John M. Pratt(Director)John Bell-Allen(Director)Michael M. Menyhart(President - Americas and Chief Strategy Officer)Anthony R. Fairweather(Chief Executive Officer)
Novel pelletised polymer-modified bitumen that eliminates energy-intensive manufacturing and heated storage/transport.
Solar technology replacing silver with copper to improve efficiency and reduce costs.
SunDrive is a solar technology company developing methods to lower the cost of high-efficiency solar cells while improving their performance and sustainability by using more abundant materials.
CleantechDeep TechEnergySydney, AU
Lightweight, flexible solar panels to expand the market for rooftop solar.
Thinxtra is a public non-listed company operating in the Internet of Things (IoT) sector, providing IoT network and ecosystem services.
Enterprise SoftwareHardwareIoTLogistics & Supply Chain
Real-time energy measurement for businesses and households.
Zen Eco Systems offers a sustainability service for small and medium-sized businesses that pairs WiFi smart thermostats with a cloud-based software platform, Zen HQ, to manage HVAC operations and reduce energy use and costs.
CleantechEnergyIoT
Provider of high-performance light electric vehicles for urban fleets and couriers.
Portfolio news
latest coverage across their companiesRelectrify · investingnews.com · Nov 4, 2025
Frequently asked questions
- What stage does Virescent Ventures invest at?
- Virescent Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Virescent Ventures focus on?
- Virescent Ventures focuses on Cleantech, Climate Tech, Deep Tech, Energy, Hardware.
Images
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