Announcing our investment in Moment Energy – a cleantech startup repurposing electric vehicle batteries for energy storage
We are excited to announce that we’ve led the $3.5M seed round of Moment Energy, with participation from our friends at Fika Ventures, Garage Capital and MCJ Collective. This is our third cleantech announcement in recent weeks, following announcements for EnergyBank, deep ocean long-term energy storage, and EnPowered, a payment platform to increase the rate […]
Announcing our investment in EnPowered, a payment platform to increase the rate of cleantech adoption
We’re excited to announce our investment in EnPowered, an on-bill payment platform designed to make it easier for businesses to invest in energy-efficiency projects. We co-led their $12M seed raise, along with our friends at Golden Ventures and Inovia. Great technologies exist to help businesses reduce their electricity usage, emissions, and energy bills. The problem? […]
Announcing our investment in EnergyBank, a pioneer in long-term energy storage
As our planet is grappling with a climate crisis and dependence on fossil fuels, we are investing more and more in climate and energy. In less than two years, we’ve led the pre-seed/seed rounds of five companies: EnPowered, Patch, NCX, one yet to be publicized, and now EnergyBank. And we are excited to spread the […]
Announcing our investment in Gadze Finance
Building a successful investment franchise over the past few decades required finding a distribution advantage as products have been mostly undifferentiated. The largest and most successful US franchises — Blackrock (founded 1988), Vanguard (founded 1975), and Fidelity (founded 1946) — are now managing close to $20 trillion in assets. While traditional finance offers few options […]
Q3 2021 Portfolio news
It’s hard to believe that we are heading into the home stretch of 2021. But before we do, let’s look back at the busy summer that the Version One family had! Fundraising and Exits Patch, an API platform for negative emissions, raised a $20M Series A led by Coatue Management with participation from existing investors […]