Where is VertueLab's headquarters located?

VertueLab's headquarters is located in Portland (United States).

How big is VertueLab's investment team?

VertueLab has a team of 16, including 7 partners.

How many companies has VertueLab invested in?

VertueLab has invested in 49 companies, including ESS & Arcimoto.

Which companies has VertueLab invested in lately?

Cascadia Seaweed & Nvirovate Materials are the latest investments by VertueLab.

How many exits has VertueLab been involved in?

VertueLab's portfolio has seen 2 IPOs and 3 acquisitions.

VertueLab - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. ESS

Provider of iron flow battery-based energy storage system. It provides battery technology solutions that use a non-toxic iron and saltwater electrolyte.

Key facts about ESS

Founded Year: 2011
Location: Wilsonville (United States)
Annual Revenue: $6.3M as on Dec 31, 2024
Stage: Public
Total Funding till date: $46.2M
Employee Count: 160 as on Jul 01, 2024
Investors: Honeywell, Evergy Ventures and 21 Others
Latest Funding Round: Post IPO, Jul 10, 2025, $*****
Highlight: Public

Arcimoto is a manufacturer of electric velomobiles. The company develops velomobiles for personal and commercial purposes. It offers various models of velomobiles like FUV for personal transport, Deliverator offers local delivery vehicles, and Rapid responder offers emergency transit vehicles. It offers features like optimum battery charging, a panoramic roof, removable doors, etc.

Key facts about Arcimoto

Founded Year: 2007
Location: Eugene (United States)
Annual Revenue: $6.56M as on Dec 31, 2022
Stage: Public
Total Funding till date: $2.91M
Employee Count: 447 as on Dec 31, 2022
Investors: FOD Capital, Hambrecht Capital and 2 Others
Latest Funding Round: Post IPO, Aug 17, 2023, $*****
Highlight: Public

3. OpConnect

EV charging solutions. It provides a a cloud-based software platform and support for EV charging needs.

Key facts about OpConnect

Founded Year: 2012
Location: Portland (United States)
Stage: Series A
Total Funding till date: $16.2M
Investors: Portland Seed Fund, Elevate Capital and 12 Others
Latest Funding Round: Series A, Feb 24, 2025, $*****

4. IOTAS

Provider of a smart home hub for integrating various connected devices on one platform. The company automates home appliances by installing smart outlets, switches sensors, thermostats, and more. All these devices are controlled using a proprietary hub that can connect many devices at once. The software leverages machine learning to learn about user activities.

Key facts about IOTAS

Founded Year: 2014
Location: Portland (United States)
Stage: Acquired
Total Funding till date: $17.5M
Employee Count: 30 as on Dec 31, 2022
Investors: TELUS Ventures, Intel Capital and 14 Others
Latest Funding Round: Series A, Apr 08, 2021, $*****
Highlight: Acquired

5. Harvest Thermal

Provider of thermal battery systems for heating, cooling, and hot water. The company offers an all-in-one system that integrates heating, cooling, and hot water with built-in storage. The system optimizes energy use based on weather forecasts and user routines. It uses grid electricity when it is cost-effective and environmentally friendly. The company's system is designed to work with existing ducting and smart thermostats.

Key facts about Harvest Thermal

Founded Year: 2019
Location: California City (United States)
Stage: Series A
Total Funding till date: $16.3M
Employee Count: 12 as on Dec 31, 2022
Investors: Joules Accelerator, DOE and 17 Others
Latest Funding Round: Series A, Oct 06, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

VertueLab has invested in 49 companies over the last 17 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Cascadia Seaweed.

Here are VertueLab's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	1	0	1
2023	0	0	0
2022	2	0	2
2021	1	0	1

View all investments by VertueLab

VertueLab has made 6 investments in Grant (prize money) stage with an average round size of $130K, 4 investments in Seed stage with an average round size of $723K and 2 investments in Series A stage with an average round size of $4.18M.

Here are VertueLab's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	6
Seed	4
Series A	2

Note: We have considered here, only first round of investments

View all investments by VertueLab

VertueLab has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, High Tech, Energy Tech and Environment. Notably, it has invested in 28 Enterprise (B2B) companies, 27 Tech companies, 14 Tech hardware companies and at least 12 companies focusing on Consumer (B2C).

Here are VertueLab's investments by sector:

Sector	No. of Investments
Sustainability Tech	9
Environment Tech	8
High Tech	6
Energy Tech	5
Environment	2
Others	14

Note: We have considered here, only first round of investments

View all investments by VertueLab

VertueLab has made most investments in United States (11), followed by Canada where it has made 1 investment.

Here are VertueLab's investments by geography:

Country	No. of Investments
United States	11
Canada	1

Note: We have considered here, only first round of investments

View all investments by VertueLab

VertueLab has not made any investment in 2026 so far.

Here are the most recent investments by VertueLab:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 21, 2024	Cascadia Seaweed	Canada	Series A	4912	WWF [+5]
Jun 27, 2022	Nvirovate Materials	United States	Seed	4525	E8 [+1]
Jun 08, 2022	Virridy	United States	Series A	7943	Accord Capital [+4]
Dec 16, 2021	Harvest Thermal	United States	Seed	1469	Astia [+2]
Sep 06, 2016	eChemion	United States	Seed	6285	-

See more recent investments made by VertueLab

2 of VertueLab's portfolio companies have become public. ESS got listed on the New York Stock Exchange (NYSE), in Oct 2021 and Arcimoto got listed on the Nordic and Baltic regions (NASDAQ OMX) at marketcap of $8.81M.

Here are VertueLab's portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
ESS	Oct 11, 2021	-	-	3675
Arcimoto	Sep 21, 2017	-	-	5065

View more details about public companies in VertueLab's portfolio

3 companies from VertueLab's portfolio have been acquired. The most recent acquisition was Gadusol Laboratories in Jul 2022 by Arcaea for $*****.

Here are VertueLab's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Gadusol Laboratories	Jul 20, 2022	-	-	4757
IOTAS	Jun 13, 2022	-	-	1256
Renewal Workshop	Mar 16, 2022	-	-	6057

View all acquired companies in VertueLab's portfolio

VertueLab has a team of 16 members including 7 Partners and 4 Principals located in United States and Canada. VertueLab's team does not sit on the board of any company as of now.

Here is a list of top team members in VertueLab:

Name	Designation	Location	Board Memberships	Contact Details
Aina Abiodun	Partner	Seattle	-	-
Todd Khozein	Partner	-	-	-
Rachel Jagoda-Brunette	Partner	Portland	-	-
Heather Andersen	Partner	Issaquah	-	-
Lemuel White	Partner	Oakland	-	-
Miguel Sossa-Mardomingo	Partner	Seattle	-	-
Jinny Jeong	Partner	Seattle	-	-
Jack Phan	Principal	Vancouver	-	-
Felicia Kang	Principal	Portland	-	1 Email
Jacqueline Benitez-Harvey	Principal	Portland	-	-
Jasmin Smith	Principal	-	-	1 Email

View team details of VertueLab

Over the past 17 years, 35 investors have co-invested in VertueLab's portfolio companies. This includes funds and angels.

Invested before VertueLab: America’s Seed Fund, Climate Capital and 4 others have invested in rounds before VertueLab. There is 1 company where America’s Seed Fund has invested before VertueLab and 1 company where Climate Capital has invested before VertueLab.
Top Co-investors of VertueLab: 17 investors entered a company along with VertueLab. These include investors like Astia (1 company).
Invested after VertueLab: A total of 12 investors have invested in VertueLab's portfolio after their investments. Top Investors include Earth Foundry (1 company) and MUUS Climate Partners (1 company).