Investments
121Portfolio Exits
34Funds
4About Mission Ventures
Mission Ventures helps build successful enterprises in Southern California. This strategy is implemented through the following key actions: Investing Primarily in the Entrepreneurial Activities of Southern California; Investing in Early-Stage, Software, I.T. Infrastructure and Tech-driven Service Companies; Assuming Active Roles as Lead Investor; Forging and Maintaining Loyal, Productive Relationships with Regional Business Leaders and Entrepreneurs; Helping Portfolio Companies to Develop Strong Management Teams; Partnering with Other Quality Venture Capital Firms.
Mission Ventures Headquarter Location
11455 El Camino Real, Suite 450
San Diego, California, 92130,
United States
858. 350. 2100
Latest Mission Ventures News
Feb 11, 2021
Advances Silicon Anode Cell Technology for EVs IRVINE, Calif., February 10, 2021-- Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevates unique battery technology in electric vehicles. Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round. Enevate said that the investment would enable the company to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevates silicon anode-based batteries. The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers. With this latest funding round, Enevate has raised $191 million to date. This latest funding reflects our investors confidence in our progress with our customers, our technology, and our team, said Enevate CEO Robert A. Rango. As our fast-charge technology is implemented, we see a day in the not-too-distant future when EV drivers will be able to pull up to drive-thru charging stations that will look much like todays gas stations, charge up and be back on the road in five minutes. We congratulate Enevate on this latest round of funding, and look forward to additional collaboration as we continue to develop competitive and exciting products for our customers, said Hadi Zablit, Chairman of Alliance Ventures, a partnership of Renault, Nissan and Mitsubishi. Our collaboration with Enevate started in 2017 and progresses today, we are excited about fast charge, high energy density technology and we are working to bring it to the EV market. Congratulations to the Enevate team on this latest milestone, said Sungrok Bang, Director of Open Innovation from LG Energy Solutions, the battery spinout from LG Chem. As an investor, we believe Enevates technology possesses a combination of advantages that is highly attractive to both the EV and power tool battery markets in both pouch and cylindrical cell formats. The advantages are enabled by Enevates unique silicon anode technology, which attracted us as an investor, said a representative from Samsung Venture Investment Corporation. We congratulate Enevates funding achievement on its expeditious path to commercialization. Enevates business model of technology transfer and intellectual property licensing is efficient for any company that operates or plans to operate a battery manufacturing facility. Enevate works with multiple automotive OEMs and EV battery manufacturers, enabling them to utilize existing manufacturing infrastructure with minimal additional investment, facilitating the next-generation of EVs that will eliminate customer pain points with EV ownership. The company holds the largest portfolio of patents related to silicon Li-ion cell technologies when compared to startups worldwide, and includes a broad spectrum of advanced Li-ion cell innovations, including anode, cathode, electrolyte, separator, formation, cell design and cell architecture. Enevate now has patents in jurisdictions covering over 95% of EV sales worldwide. About Enevate (www.enevate.com) Enevate develops and licenses advanced silicon-dominant Li-ion battery technology for electric vehicles (EVs), with a vision of EVs charging as fast as refueling gas cars, accessible and affordable to everyone, and accelerating EVs mass adoption. With a portfolio of more than 350 patents issued and in process, Enevates pioneering advancements in silicon-dominant anodes and cells have resulted in battery technology that features five-minute extreme fast charging with high energy density, low temperature operation for cold climates, low cost and safety advantages over conventional batteries. Enevates vision is to develop and propagate EV battery technology that contributes to a clean and sustainable environment. The Irvine, California-based companys other investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures a Sumitomo Corporation company, Lenovo, CEC Capital and Bangchak. Enevate®, the Enevate logo, XFC-Energy, HD-Energy®, and eBoost® are registered trademarks of Enevate Corporation. Contact:
Mission Ventures Investments
121 Investments
Mission Ventures has made 121 investments. Their latest investment was in Enevate as part of their Series E on February 2, 2021.
Mission Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/10/2021 | Series E | Enevate | $81M | No | 19 | |
4/4/2018 | Convertible Note | Brightday | $0.3M | Yes | 1 | |
9/15/2015 | Series B - II | Enevate | $30M | No | 1 | |
7/17/2014 | Convertible Note | |||||
3/26/2014 | Debt - II |
Date | 2/10/2021 | 4/4/2018 | 9/15/2015 | 7/17/2014 | 3/26/2014 |
---|---|---|---|---|---|
Round | Series E | Convertible Note | Series B - II | Convertible Note | Debt - II |
Company | Enevate | Brightday | Enevate | ||
Amount | $81M | $0.3M | $30M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 19 | 1 | 1 |
Mission Ventures Portfolio Exits
34 Portfolio Exits
Mission Ventures has 34 portfolio exits. Their latest portfolio exit was Verisk 3E on January 24, 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 |
---|---|---|---|---|---|
1/24/2022 | Acquired Unit - Fin | 2 | |||
5/16/2019 | Acq - Fin | 1 | |||
12/5/2018 | Acquired | 6 | |||
Date | 1/24/2022 | 5/16/2019 | 12/5/2018 | ||
---|---|---|---|---|---|
Exit | Acquired Unit - Fin | Acq - Fin | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 1 | 6 |
Mission Ventures Acquisitions
1 Acquisition
Mission Ventures acquired 1 company. Their latest acquisition was Verisk 3E on December 09, 2010.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
12/9/2010 | Acquired | 1 |
Date | 12/9/2010 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
Mission Ventures Fund History
4 Fund Histories
Mission Ventures has 4 funds, including Mission Ventures III LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
8/1/2005 | Mission Ventures III LP | Early-Stage Venture Capital | Closed | $210M | 1 |
6/30/2000 | Mission Ventures II LP | ||||
12/31/1999 | Mission Ventures LP | ||||
Mission Ventures IV LP |
Closing Date | 8/1/2005 | 6/30/2000 | 12/31/1999 | |
---|---|---|---|---|
Fund | Mission Ventures III LP | Mission Ventures II LP | Mission Ventures LP | Mission Ventures IV LP |
Fund Type | Early-Stage Venture Capital | |||
Status | Closed | |||
Amount | $210M | |||
Sources | 1 |
Mission Ventures Team
8 Team Members
Mission Ventures has 8 team members, including current Chief Financial Officer, Caroline A. Barberio.
Name | Work History | Title | Status |
---|---|---|---|
Caroline A. Barberio | Chief Financial Officer | Current | |
Donna Pierzina | Controller | Current | |
Ted Alexander | Managing Partner | Current | |
Edward E Alexander | Managing Partner | Current | |
Robert Kibble | Managing Partner | Current |
Name | Caroline A. Barberio | Donna Pierzina | Ted Alexander | Edward E Alexander | Robert Kibble |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Financial Officer | Controller | Managing Partner | Managing Partner | Managing Partner |
Status | Current | Current | Current | Current | Current |
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