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Angel Investor (Group)
e8angels.com

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Investments

70

Portfolio Exits

7

Funds

2

Partners & Customers

1

About E8 Angels

E8 Angels, formerly Element 8 and Northwest Energy Angels, is committed to advancing clean technologies by investing in highly promising, early-stage companies all across North America.

E8 Angels Headquarter Location

P.O. Box 99291

Seattle, Washington, 98139,

United States

425-785-4015

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Latest E8 Angels News

E8 Angels, Clean Energy Venture Group Partner to Fund Cleantech...

Jul 9, 2020

Image: Shutterstock As a stream of disasters continues to rain across the globe, one existential threat could exacerbate each cause for unrest: climate change. On Tuesday, two investor groups announced an initiative aimed at not allowing this crisis to go to waste. The Clean Energy Venture Group  (CEVG) in Boston and Seattle-based  E8 Angels  will collaborate to support early-stage cleantech companies that optimize for profits, as well as carbon emission reductions. Jean-Noel Poirier, partner and executive managing director at CEVG, said the partnership aims to finance, manage and connect early-stage companies to their existing startup ecosystem. “If you look at the overall size of the problem, and then the screaming need for solutions to solve this climate crisis, and then when you look at the funding available at that early stage, you see you have enormous gaps,” Poirier told Built In. Both investor groups were founded about 15 years ago, and have since financed a combined 120 startups through their associated venture capital funds — the Element 8 Fund and the $110 million Clean Energy Ventures fund, respectively. Recently, Poirier said large companies like  Microsoft ,  Amazon  and  Unilever  have experienced an awakening about the threat climate change presents, and invested in late-stage cleantech companies. State and federal grants have also helped support research related to greentech, he said. For startups operating somewhere between those two stages — young companies ready to launch their first product, for example — a funding gap exists. This gap — as well as the soon-to-be-irreversible climate change apocalypse that scientists warn is  coming soon  — is why the two investor groups launched a formal, collaborative relationship. E8 and CEVG plan to offer early startups between $250,000 and $2 million in seed funding to solve existing mobility, water treatment and sustainable architecture problems, as well as renewable energy, energy efficiency and energy storage issues. Poirier declined to comment on how many startups the groups aimed to fund, but said CEVG usually funds about 10 companies per year and “we would like to be even more active and effective at investing and supporting more companies” from coast to coast. “It's very risky, but it's very important to fund these people at that time, and these inventions at that time, or they will not see the light,” Poirier said.

E8 Angels Investments

70 Investments

E8 Angels has made 70 investments. Their latest investment was in EdgeHog as part of their Seed VC on July 7, 2021.

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E8 Angels Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2021

Seed VC

EdgeHog

$1M

Yes

TandemLaunch, and Undisclosed Angel Investors

2

5/17/2021

Seed VC

BlueDot Photonics

$1M

Yes

Clean Energy Venture Group, VoLo Earth Ventures, and WRF Capital

4

9/5/2020

Angel

Earthly Labs

$0.05M

Yes

1

9/3/2020

Angel

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$99M

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10

9/3/2020

Angel

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$99M

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10

Date

7/21/2021

5/17/2021

9/5/2020

9/3/2020

9/3/2020

Round

Seed VC

Seed VC

Angel

Angel

Angel

Company

EdgeHog

BlueDot Photonics

Earthly Labs

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Amount

$1M

$1M

$0.05M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

TandemLaunch, and Undisclosed Angel Investors

Clean Energy Venture Group, VoLo Earth Ventures, and WRF Capital

Sources

2

4

1

10

10

E8 Angels Portfolio Exits

7 Portfolio Exits

E8 Angels has 7 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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10

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10

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10

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10

Date

5/7/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

10

10

E8 Angels Fund History

2 Fund Histories

E8 Angels has 2 funds, including Element 8 Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/4/2015

Element 8 Fund

Multi-Stage Venture Capital

$4M

1

Decarbon8-US

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$99M

10

Closing Date

5/4/2015

Fund

Element 8 Fund

Decarbon8-US

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$4M

$99M

Sources

1

10

E8 Angels Partners & Customers

1 Partners and customers

E8 Angels has 1 strategic partners and customers. E8 Angels recently partnered with Clean Energy Venture Group on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/7/2020

Partner

Clean Energy Venture Group

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

Clean Energy Venture Group

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

E8 Angels Team

3 Team Members

E8 Angels has 3 team members, including undefined undefined, undefined.

Name

Work History

Title

Status

Jeff Morris

Founder

Current

Martin G Tobias

Ignition Partners, and Seattle Biodiesel

Founder

Current

Martin Tobias

Founder

Current

Name

Jeff Morris

Martin G Tobias

Martin Tobias

Work History

Ignition Partners, and Seattle Biodiesel

Title

Founder

Founder

Founder

Status

Current

Current

Current

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