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Venture Capital
energize.vc

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Investments

34

Portfolio Exits

4

Funds

7

Partners & Customers

1

Service Providers

1

About Energize Ventures

Energize Ventures, formerly Invenergy Future Fund, is a venture fund investing in pre-growth stage technology companies that are changing the game in energy. The firm is investing in digital solutions that make energy and industrial companies more affordable, reliable, and secure. By optimizing today's energy and industrial infrastructure and equipment, people can drive greater system efficiency to make renewable energy the default generation choice now and into the foreseeable future.

Energize Ventures Headquarters Location

1 South Wacker Drive Suite 1620

Chicago, Illinois, 60606,

United States

312-582-1694

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Latest Energize Ventures News

ZEDEDA Closes $26M Series B Funding Round as Distributed Edge Market Soars

Jul 21, 2022

Funding doubles total investment in the company Includes both new and existing investors Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next and EDF North America Ventures Worldwide spending on edge computing expected to grow by 15% to $176 billion this year Company will use new capital to support strong customer growth, accelerate research and development and expand sales and marketing July 21, 2022 07:00 AM Eastern Daylight Time SAN JOSE, Calif.--( BUSINESS WIRE )-- ZEDEDA , the leader in edge orchestration, announced today that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next and EDF North America Ventures — signals the importance of edge computing to companies across all industries and verticals. All existing investors participated in this latest round of financing, which has doubled the previous investment in the company. ZEDEDA has now raised more than $55 million since its inception. “All aspects of our business — from a growing base of Global 500 customers to major strategic partnerships and growth in deployed edge nodes — are on a terrific path,” said Said Ouissal, founder and CEO of ZEDEDA. “This latest round of investment validates that our open framework and ecosystem approach to the distributed edge is the ideal choice for the future of connected operations.” A recent Worldwide Edge Spending Guide from IDC forecasted double-digit growth for investments in edge computing. This year’s total is expected to be $176 billion, an increase of 14.8% over 2021, with a 2025 target of nearly $274 billion. “The market for edge computing solutions is poised for tremendous expansion, and we believe ZEDEDA will be a major contributor,” said Tom Gallo, Managing Partner at Coast Range Capital. “They combine innovation and expertise like no one else in the industry, and we are excited to join them on their journey in this round of funding.” “Businesses worldwide are looking to take advantage of the benefits of edge computing as they look for ways to support remote work and improve efficiency,” said Bilal Zuberi, Partner at Lux Capital, who has participated in every fundraising round for ZEDEDA. “As a long-time investor, we’re excited to double down with ZEDEDA as they continue to grow rapidly.” ZEDEDA to Accelerate Momentum After a Year of Dramatic Growth The past 12 months have seen a sharp increase in ZEDEDA’s growth as a company. Revenue is up 7x year-over-year, while at the same time, its number of nodes under management has risen by 4x. ZEDEDA’s strong growth is fueled by existing customers now applying the company’s solution across different edge deployments in addition to new customers beginning their edge deployments. ZEDEDA will use the latest round of funding to support its expanding customer base, accelerate research and development and expand its marketing and sales operations. The budding ecosystem around the industry’s first open orchestration solution has attracted strategic partnerships and integrations with Google, Microsoft, PTC, and SUSE. ZEDEDA’s expanding customer base includes OEM activities with Global 500 companies, including a leading global virtualization software provider and a leading industrial automation company. Strategic Investor Perspectives on $26M Series B Funding Round The wide adoption of cloud computing by distributed organizations is accelerating the growth of edge computing, as organizations across all verticals are implementing business-transforming use cases. Industries from manufacturing to energy to automotive are turning to edge computing to manage and process vast amounts of data from new sources within their distributed operations and organizations. “Hardware diversity on the edge is a challenge for many global companies. ZEDEDA’s technology has the potential to unify an entire ecosystem of hardware and apps. The technology is designed to enable remote device management and application orchestration that could improve data visibility, control and security,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.” “The explosion of data generated from the ever-growing number of devices, machines and sensors at the edge of the network is driving a fundamental shift and the need to build next-generation AI-driven networks with intelligent edge computing and processing capabilities,” said Sujai Hajela, EVP, AI-Driven Enterprise at Juniper Networks. “ZEDEDA provides a unified orchestration experience across hardware, software, networks and clouds, and this, along with impressive execution and ability to meet the ambiguous and evolving demands of today’s enterprise edge market, has made them a trusted partner for organizations looking to transform their operations.” “Managing data at the edge is increasingly mission-critical for enterprises that need to optimize real-time decision-making, maximize operational efficiency, and drive new business outcomes,” said Raymond Liao, Managing Director at Samsung Next. “We are confident that the ZEDEDA team is in a strong position to deliver scalable infrastructure solutions to a rapidly growing pipeline of IIoT customers." “As part of Porsche’s commitment to innovation, the company is always looking for technology that supports our ability to generate unique and sustainable solutions,” said Mattias Ulbrich, CEO of Porsche Digital and CIO of Porsche. “This extended partnership with ZEDEDA creates exciting possibilities for the automotive industry to take advantage of increased network speed and computing capacity.” To learn more about ZEDEDA’s orchestration solution for the distributed edge, visit www.ZEDEDA.com . About ZEDEDA ZEDEDA makes edge computing effortless, open, and intrinsically secure - extending the cloud experience to the edge. ZEDEDA reduces the cost of managing and orchestrating distributed edge infrastructure and applications, while increasing visibility, security and control. ZEDEDA delivers a distributed, cloud-native edge management and orchestration solution, simplifying the security and remote management of edge infrastructure and applications at scale. ZEDEDA ensures extensibility and flexibility by utilizing an open partner ecosystem with a robust app marketplace and leveraging an open architecture built on EVE-OS, from the Linux Foundation. EVE-OS is a lightweight, open-source Linux-based engine. ZEDEDA delivers instant time to value, has thousands of nodes under management and is backed by world-class investors with teams in the United States, Germany and India. For more information, visit www.zededa.com Contacts

Energize Ventures Investments

34 Investments

Energize Ventures has made 34 investments. Their latest investment was in Zededa as part of their Series B on July 7, 2022.

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Energize Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2022

Series B

Zededa

$26M

No

7

3/24/2022

Series A

Handle

$10M

Yes

3

3/2/2022

Series B

NCX

$50M

Yes

8

3/1/2022

Series A

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$99M

Subscribe to see more

10

2/28/2022

Series D

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$99M

Subscribe to see more

10

Date

7/21/2022

3/24/2022

3/2/2022

3/1/2022

2/28/2022

Round

Series B

Series A

Series B

Series A

Series D

Company

Zededa

Handle

NCX

Subscribe to see more

Subscribe to see more

Amount

$26M

$10M

$50M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

7

3

8

10

10

Energize Ventures Portfolio Exits

4 Portfolio Exits

Energize Ventures has 4 portfolio exits. Their latest portfolio exit was Fast Radius on February 07, 2022.

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

2/7/2022

Reverse Merger

$99M

6

1/11/2022

Acq - Talent

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$99M

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10

8/27/2021

Reverse Merger

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$99M

Subscribe to see more

10

9/28/2020

Acquired

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$99M

Subscribe to see more

10

Date

2/7/2022

1/11/2022

8/27/2021

9/28/2020

Exit

Reverse Merger

Acq - Talent

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

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Sources

6

10

10

10

Energize Ventures Fund History

7 Fund Histories

Energize Ventures has 7 funds, including Energize Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/29/2021

Energize Ventures II

$330M

1

12/29/2020

EV Volta SPV

$99M

10

9/24/2018

Energize Ventures Fund

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$99M

10

6/24/2018

IFF Drone SPV

$99M

10

IFF Spark SPV

10

Closing Date

9/29/2021

12/29/2020

9/24/2018

6/24/2018

Fund

Energize Ventures II

EV Volta SPV

Energize Ventures Fund

IFF Drone SPV

IFF Spark SPV

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$330M

$99M

$99M

$99M

Sources

1

10

10

10

10

Energize Ventures Partners & Customers

1 Partners and customers

Energize Ventures has 1 strategic partners and customers. Energize Ventures recently partnered with Caisse de depot et placement du Quebec on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/1/2021

Client

Canada

By Saur News Bureau / Updated On Mon, Apr 5th, 2021. CDPQ and Energize Ventures Partner to Invest in Clean Energy Technologies - Saur Energy International

The co-investment agreement expands du Québec 's existing relationship with Energize Ventures : du Québec is a Limited Partner in Energize Ventures I , and an anchor Limited Partner in Energize Ventures II .

2

Date

4/1/2021

Type

Client

Business Partner

Country

Canada

News Snippet

By Saur News Bureau / Updated On Mon, Apr 5th, 2021. CDPQ and Energize Ventures Partner to Invest in Clean Energy Technologies - Saur Energy International

The co-investment agreement expands du Québec 's existing relationship with Energize Ventures : du Québec is a Limited Partner in Energize Ventures I , and an anchor Limited Partner in Energize Ventures II .

Sources

2

Energize Ventures Service Providers

1 Service Provider

Energize Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Series B

Counsel

General Counsel

Service Provider

Associated Rounds

Series B

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Energize Ventures Team

4 Team Members

Energize Ventures has 4 team members, including current Chief Executive Officer, Michael Polsky.

Name

Work History

Title

Status

Amy Francetic

Founder

Current

Michael Polsky

Chief Executive Officer

Current

Jim Murphy

President, Chief Operating Officer

Current

John J Tough

Choose Energy, Foundation Capital, Kleiner Perkins Caufield & Byers, Hyde Park Angels, XMS Capital Partners, and UBS Investment Bank

Managing Partner

Current

Name

Amy Francetic

Michael Polsky

Jim Murphy

John J Tough

Work History

Choose Energy, Foundation Capital, Kleiner Perkins Caufield & Byers, Hyde Park Angels, XMS Capital Partners, and UBS Investment Bank

Title

Founder

Chief Executive Officer

President, Chief Operating Officer

Managing Partner

Status

Current

Current

Current

Current

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