Investments
80Portfolio Exits
14Funds
1Partners & Customers
1About Clean Energy Venture Group
Clean Energy Venture Group is an investment group that provides seed capital and management expertise to early stage clean energy companies. The group is comprised of seasoned operating executives with strong capabilities in the energy and environmental sectors. With each investment, we bring not only capital, but also the value of our experience and network to help companies achieve their goals. Our focus is New England, but we occasionally invest in companies located in other areas.
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Latest Clean Energy Venture Group News
Apr 21, 2022
Carbon Upcycling Technologies , a Calgary, AB, Canada-based carbon utilization company, raised $6M in funding. The round was led by Clean Energy Ventures, with participation from CEMEX Ventures, Amplify Capital, Oxy Low Carbon Ventures, Zero Carbon Partners, Purpose ESG, Clean Energy Venture Group, Fund for Sustainability and Energy, Prithvi Ventures, Bryan Trudel, and Mark and Faye McGregor. The company intends to use the funds to grow its team and build its second commercial-scale facility in North America, capable of manufacturing more than 200 tons per day of low-carbon cement and concrete additive. Led by CEO Apoorv Sinha, Carbon Upcycling was formed to use the waste of today to build the materials of tomorrow by converting CO2 gas into advanced material additives. Its carbon-enhanced additives primarily service the concrete industry but have complementary additives that are used in plastics manufacturing, coatings, and consumer products. Since 2014, Carbon Upcycling has scaled its ability to utilize CO2 emissions from point sources, such as power plants, by over 10 million times in reactor size. FinSMEs 21/04/2022
Clean Energy Venture Group Investments
80 Investments
Clean Energy Venture Group has made 80 investments. Their latest investment was in Carbon Upcycling Technologies as part of their Series A on July 7, 2023.
Clean Energy Venture Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/28/2023 | Series A | Carbon Upcycling Technologies | $26.11M | No | 2 | |
4/21/2023 | Series B | VoltServer | $17.5M | No | 5 | |
3/7/2023 | Pre-Seed | Itselectric | $2.2M | Yes | 2 | |
1/25/2023 | Series A | |||||
4/21/2022 | Seed VC |
Date | 7/28/2023 | 4/21/2023 | 3/7/2023 | 1/25/2023 | 4/21/2022 |
|---|---|---|---|---|---|
Round | Series A | Series B | Pre-Seed | Series A | Seed VC |
Company | Carbon Upcycling Technologies | VoltServer | Itselectric | ||
Amount | $26.11M | $17.5M | $2.2M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 5 | 2 |
Clean Energy Venture Group Portfolio Exits
14 Portfolio Exits
Clean Energy Venture Group has 14 portfolio exits. Their latest portfolio exit was WeSpire on May 31, 2023.
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 |
|---|---|---|---|---|---|
5/31/2023 | Acquired | 1 | |||
4/12/2023 | Acq - Fin | 2 | |||
2/17/2022 | Corporate Majority | 2 | |||
Date | 5/31/2023 | 4/12/2023 | 2/17/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acq - Fin | Corporate Majority | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 2 | 2 |
Clean Energy Venture Group Fund History
1 Fund History
Clean Energy Venture Group has 1 fund, including Clean Energy Venture Fund I LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/15/2019 | Clean Energy Venture Fund I LP | Early-Stage Venture Capital | Closed | $110M | 1 |
Closing Date | 10/15/2019 |
|---|---|
Fund | Clean Energy Venture Fund I LP |
Fund Type | Early-Stage Venture Capital |
Status | Closed |
Amount | $110M |
Sources | 1 |
Clean Energy Venture Group Partners & Customers
1 Partners and customers
Clean Energy Venture Group has 1 strategic partners and customers. Clean Energy Venture Group recently partnered with E8 Angels on July 7, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/7/2020 | Partner | United States | Clean Energy Venture Group and E8 Angels Form Partnership for National Climatetech Angel Investing. BOSTON and SEATTLE , July 7 , 2020 / PRNewswire / -- The Clean Energy Venture Group and E8 Angels are today announcing an agreement to collaborate on early stage investments to achieve greater efficiencies and impact . | 2 |
Date | 7/7/2020 |
|---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | Clean Energy Venture Group and E8 Angels Form Partnership for National Climatetech Angel Investing. BOSTON and SEATTLE , July 7 , 2020 / PRNewswire / -- The Clean Energy Venture Group and E8 Angels are today announcing an agreement to collaborate on early stage investments to achieve greater efficiencies and impact . |
Sources | 2 |
Clean Energy Venture Group Team
5 Team Members
Clean Energy Venture Group has 5 team members, including current Managing Partner, Bob Place.
Name | Work History | Title | Status |
|---|---|---|---|
Bob Place | Managing Partner | Current | |
Name | Bob Place | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Managing Partner | ||||
Status | Current |
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