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breakthroughenergy.org

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Investments

90

Portfolio Exits

3

Funds

3

Partners & Customers

1

About Breakthrough Energy Ventures

Breakthrough Energy Ventures (BEV) is an investor-led fund made up of members of the Breakthrough Energy Coalition, guided by scientific and technological expertise and committed to investing patiently in developing new ways to live, eat, travel, and build.

Breakthrough Energy Ventures Headquarter Location

4110 Carillon Point

Kirkland, Washington, 98033,

United States

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Breakthrough Energy Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Breakthrough Energy Ventures in 1 Expert Collection, including Game Changers 2019.

G

Game Changers 2019

196 items

Our selected startups are high-momentum companies pioneering technology with the potential to transform society and economies for the better.

Latest Breakthrough Energy Ventures News

Venture Capital: Breakthrough Energy Ventures Leads $53M Round In Robotic Agtech Iron Ox

Sep 24, 2021

Breakthrough Energy Ventures is backed by top business leaders including Bill Gates and Jeff Bezos. Iron Ox , an agtech startup that advances the cause of producing food sustainably and autonomously using robotics and AI, has raised a $53 million C Series led by new investor Breakthrough Energy Ventures. ( BusinessWire ) The round brings the startup’s aggregate funding to $98 million. Iron Ox: Sustainable farming The high-tech methods at Iron Ox greenhouses ensure that each plant receives the optimal levels of sunshine, water, and nutrients. The company uses plant-wise data to refine the farming process so that it uses less water, less energy, and emits less CO2. “Our process allows us to grow exactly what’s needed, eliminate waste, and build an environmentally sustainable food supply,” says Iron Ox on its website. Its proprietary greenhouses and farming process are claimed to: · Use 90% less water than field farms · Use 75% less energy than vertical farms · Travel 10X less distance than non-local farms · Use 30X less land than field farms “World-class investors know that humanity’s most important pursuit is to reverse climate change. To get there, we can’t settle for incrementally more sustainable crops — and we can’t ask consumers to compromise on taste, convenience, or value,” said CEO and Co-Founder Brandon Alexander in a statement. “We are applying technology to minimize the amount of land, water, and energy needed to nourish a growing population. The team at Iron Ox will not stop until we achieve our long-term mission of making the produce sector carbon negative.” “Our decision to invest in Iron Ox aligns with our aim to accelerate transitions that can reduce global greenhouse gas emissions,” said Carmichael Roberts, Breakthrough Energy Ventures. “Iron Ox is uniquely positioned to accelerate the shift towards climate-friendly agriculture while increasing the accessibility and quality of fresh produce. It’s the type of solution that’s designed to scale quickly and has the potential to get us one big step closer to net zero.” Use of funds Iron Ox will use the funds raised in the latest round to expand its R&D, scale further its manufacturing, and enter markets across the US. It will also boost its hiring to include plant scientists, engineers, greenhouse operators, and roboticists. First Name*

Breakthrough Energy Ventures Investments

90 Investments

Breakthrough Energy Ventures has made 90 investments. Their latest investment was in Iron Ox as part of their Series C on September 9, 2021.

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Breakthrough Energy Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series C

Iron Ox

$53M

Yes

Crosslink Capital, Pathbreaker Ventures, and R7 Partners

4

9/22/2021

Series B

Lilac Solutions

$150M

No

Lowercarbon Capital, Mercuria Energy Trading, T. Rowe Price, The Engine, and Valor Equity Partners

5

9/16/2021

Series A - II

Electric Hydrogen

No

Capricorn Investment Group, Energy Impact Partners, and Prelude Ventures

2

8/19/2021

Series B - II

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$99M

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10

8/12/2021

Series A

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$99M

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10

Date

9/22/2021

9/22/2021

9/16/2021

8/19/2021

8/12/2021

Round

Series C

Series B

Series A - II

Series B - II

Series A

Company

Iron Ox

Lilac Solutions

Electric Hydrogen

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Amount

$53M

$150M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Crosslink Capital, Pathbreaker Ventures, and R7 Partners

Lowercarbon Capital, Mercuria Energy Trading, T. Rowe Price, The Engine, and Valor Equity Partners

Capricorn Investment Group, Energy Impact Partners, and Prelude Ventures

Sources

4

5

2

10

10

Breakthrough Energy Ventures Portfolio Exits

3 Portfolio Exits

Breakthrough Energy Ventures has 3 portfolio exits. Their latest portfolio exit was Energy Storage Systems on May 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/7/2021

Acq - Pending

$991

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

5/7/2021

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

10

10

Breakthrough Energy Ventures Fund History

3 Fund Histories

Breakthrough Energy Ventures has 3 funds, including Breakthrough Energy Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/19/2021

Breakthrough Energy Ventures II

$1,000M

7

5/29/2019

Breakthrough Energy Ventures - Europe

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$99M

10

12/12/2016

Breakthrough Energy Ventures

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$99M

10

Closing Date

1/19/2021

5/29/2019

12/12/2016

Fund

Breakthrough Energy Ventures II

Breakthrough Energy Ventures - Europe

Breakthrough Energy Ventures

Fund Type

Subscribe to see more

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Status

Amount

$1,000M

$99M

$99M

Sources

7

10

10

Breakthrough Energy Ventures Partners & Customers

1 Partners and customers

Breakthrough Energy Ventures has 1 strategic partners and customers. Breakthrough Energy Ventures recently partnered with CDP on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/12/2021

Partner

CDP

United Kingdom

Breakthrough Energy and CDP partner to fast track investment in new sustainable solutions

Breakthrough Energy , the Bill Gates-founded network of investment vehicles , philanthropic programs , and policy advocacy activities dedicated to helping the world reach net-zero emissions , and CDP , the global non-profit that pioneered and operates the only global environmental disclosure platform , today announced a partnership to develop the Catalyzed Emissions Reduction Framework to spur large scale investments in the new climate solutions that will accelerate achieving a zero-carbon economy .

2

Date

4/12/2021

Type

Partner

Business Partner

CDP

Country

United Kingdom

News Snippet

Breakthrough Energy and CDP partner to fast track investment in new sustainable solutions

Breakthrough Energy , the Bill Gates-founded network of investment vehicles , philanthropic programs , and policy advocacy activities dedicated to helping the world reach net-zero emissions , and CDP , the global non-profit that pioneered and operates the only global environmental disclosure platform , today announced a partnership to develop the Catalyzed Emissions Reduction Framework to spur large scale investments in the new climate solutions that will accelerate achieving a zero-carbon economy .

Sources

2

Breakthrough Energy Ventures Team

5 Team Members

Breakthrough Energy Ventures has 5 team members, including current Managing Director, Christian Garcia.

Name

Work History

Title

Status

William H Gates

Founder

Current

Mark E Zuckerberg

Founder

Current

Christian Garcia

Honeywell, Novus Energy Partners, Simmons & Company International, and Boeing

Managing Director

Current

Eric Toone

Managing Director

Current

Christopher Rivest

Investment Partner

Current

Name

William H Gates

Mark E Zuckerberg

Christian Garcia

Eric Toone

Christopher Rivest

Work History

Honeywell, Novus Energy Partners, Simmons & Company International, and Boeing

Title

Founder

Founder

Managing Director

Managing Director

Investment Partner

Status

Current

Current

Current

Current

Current

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