Sep 29, 2021 - Energy & Climate

VC firm Energize Ventures raises $330M to fund climate change action

Ben Geman

Illustration of hands holding money up towards Earth — Illustration: Annelise Capossela/Axios

The digital tech-focused VC and asset finance firm Energize Ventures just announced the closing of its second fund at $330 million.

State of play: It's focused on "scaling and commercializing cutting-edge technologies and software across renewable energy, mobility, cybersecurity, battery storage, critical infrastructure and climate resiliency," the firm said.

Driving the news: Energize's backers include asset manager CDPQ, American Electric Power, the VC arm of oil-and-gas giant Equinor and other deep pockets.

Energize's second fund has already made a few investments, including in the battery analytics software company Twaice.

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VC firm Energize Ventures raises $330M to fund climate change action

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