About Avesta Fund
Avesta Fund is a venture capital firm founded in 2020. It is primarily based out of Denver, United States. As of Apr 2026, Avesta Fund is an active investor, having invested in 39 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Energy Tech and High Tech. Most recently it participated in the $***** Seed round of Satellites On Fire Overall, Avesta Fund portfolio has seen 2 acquisitions, namely WattBuy and Specifx. A lot of funds co-invest with Avesta Fund, with names like Techstars sharing a substantial percentage of its portfolio. Avesta Fund has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Deals in last 12 months
Avesta Fund's List of Top Investments
Avesta Fund has a portfolio of 39 companies. Their most notable investments are in Enurgen and Recurrent Auto.Their portfolio spans across United States, Canada, Argentina and 2 more locations. They have invested in Enterprise Applications, Energy Tech, High Tech and 18 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Avesta Fund:1. WattBuy
Provider of a platform for comparing and selecting energy plans. The platform offers personalized recommendations based on individual energy needs and preferences. It facilitates informed decisions regarding energy options. The platform aims to simplify the process of finding suitable energy solutions.
Key facts about WattBuy
- Founded Year: 2017
- Location: Texas City (United States)
- Stage: Acquired
- Total Funding till date: $16.8M
- Employee Count: 9 as on May 31, 2026
- Investors: Evergy Ventures, SE Ventures and 15 Others
- Latest Funding Round: Series A, Oct 04, 2024, $*****
- Highlight: Acquired
2. Beem
Cash advance app for emergencies. It offers an app that enables users to send money, borrow cash,file taxes, get car insurance, earn cashback, pay money, and more. It enables users to borrow micro loans for emergencies and offers credit monitoring solutions. Its app is available for Android and iOS users.
Key facts about Beem
- Founded Year: 2006
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $7M
- Employee Count: 191 as on May 31, 2026
- Investors: CMFG Ventures, Goodwater Capital and 14 Others
- Latest Funding Round: Conventional Debt, May 02, 2022, $*****
- Highlight: Editors' Pick
3. Upwardli
Online comparison platform for financial services. It offers a credit-building and loan comparison platform. Its platform also features a blog with resources and tools to help people grow their credit scores. It mainly caters to immigrant customers.
Key facts about Upwardli
- Founded Year: 2021
- Location: Seattle (United States)
- Stage: Seed
- Total Funding till date: $12M
- Employee Count: 19 as on Mar 31, 2026
- Investors: Dundee Venture Capital, Techstars and 9 Others
- Latest Funding Round: Seed, Nov 07, 2025, $*****
- Highlight: Editors' Pick
Provider of EV battery health analytics and decision tools for vehicles. Collects and analyzes real-world driving and charging data from connected electric cars to estimate current and future battery performance. Gives shoppers model-level and vehicle-specific battery scores, range projections, and degradation insights to support confident new and used EV purchases. Helps owners track battery health over time and receive guidance on usage, charging, and resale timing. Equips dealerships with reports, valuation signals, and retailing tools tailored to electric vehicles so they can price, acquire, and sell EV inventory.
Key facts about Recurrent Auto
- Founded Year: 2020
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $24M
- Employee Count: 32 as on May 31, 2026
- Investors: Prelude Ventures, Goodyear Ventures and 15 Others
- Latest Funding Round: Series A, Jan 08, 2024, $*****
- Highlight: Editors' Pick
5. Enurgen
Online platform offering grid management solutions. It provides building an operating system for end-to-end utility-scale solar asset management. It provides sustainable energy software solution that specializes in software modeling engines.
Key facts about Enurgen
- Founded Year: 2022
- Location: Ottawa (Canada)
- Stage: Seed
- Total Funding till date: $4.12M
- Employee Count: 16 as on May 31, 2026
- Investors: Brightspark Ventures, Techstars and 6 Others
- Latest Funding Round: Seed, Oct 08, 2025, $*****
Avesta Fund's Year-on-Year Investment Trends
Avesta Fund has invested in 39 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Satellites On Fire and most recent follow-on round was in WattBuy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 4 | 0 | 4 |
2024 | 4 | 0 | 4 |
2023 | 4 | 0 | 4 |
2022 | 3 | 0 | 3 |
2021 | 0 | 1 | 1 |
2020 | 1 | 0 | 1 |
Avesta Fund's Investments by Stage
Avesta Fund has made 13 investments in Seed stage with an average round size of $3.39M and 5 investments in Series A stage with an average round size of $4.63M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 5 |
Note: We have considered here, only first round of investments
Avesta Fund's Investments by Sector
Avesta Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Energy Tech, Environment Tech, Sustainability Tech and Vertical SaaS. Notably, it has invested in 33 Tech companies, 28 Enterprise (B2B) companies, 17 Software companies and at least 15 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
Energy Tech | 8 |
Environment Tech | 7 |
Sustainability Tech | 7 |
Vertical SaaS | 6 |
Others | 25 |
Note: We have considered here, only first round of investments
Avesta Fund's Investments by Geography
Avesta Fund has made most investments in United States (14), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Canada | 2 |
Argentina | 1 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
Avesta Fund's recent investments
Avesta Fund has made 2 investments in 2026 so far - Satellites On Fire and Get Lucend.Here are the most recent investments by Avesta Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 06, 2026 | Argentina | Seed | 9914 | [+11] | |
Jan 27, 2026 | Netherlands | Seed | 4732 | [+4] | |
Jun 12, 2025 | United States | Series A | 9585 | [+11] | |
Apr 25, 2025 | United States | Seed | 4335 | [+1] | |
Apr 01, 2025 | United States | Seed | 1872 | [+2] |
Acquired companies in Avesta Fund's Portfolio
2 companies from Avesta Fund's portfolio have been acquired. The most recent acquisition was WattBuy in Aug 2025 by Schneider Electric for $*****.Here are Avesta Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 21, 2025 | Nov 18, 2020 | Series A | 3416 | |
Feb 06, 2025 | - | - | 2874 |
Team profile of Avesta Fund
Avesta Fund has a team of 4 members including 1 Partner, 1 Venture Partner and 1 Principal located in United States. Avesta Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Avesta Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Denver | - | ||
Venture Partner | - | - | - | |
Principal | Boulder | - |
Co-investors of Avesta Fund
Over the past 6 years, 140 investors have co-invested in Avesta Fund's portfolio companies. This includes funds and angels.
- Invested before Avesta Fund: Techstars, Powerhouse and 19 others have invested in rounds before Avesta Fund. There are 2 companies where Techstars has invested before Avesta Fund and 1 company where Powerhouse has invested before Avesta Fund.
- Top Co-investors of Avesta Fund: 100 investors entered a company along with Avesta Fund. These include investors like Techstars (3 companies).
- Invested after Avesta Fund: A total of 19 investors have invested in Avesta Fund's portfolio after their investments. Top Investors include MCJ Collective (1 company), SE Ventures (1 company) and Breakwater Ventures (1 company).
Recent News related to Avesta Fund
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Lucend Raises $3.3M in Seed FundingFinSMEs•Jan 26, 2026•Mitsubishielectric, StepChange, Remarkable Ventures, New Climate Ventures and 5 others
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Parento Raises $5.9M in Seed II FundingFinSMEs•Sep 09, 2025•Evidenced, Springbank Distillers, Resilience, Coyote Ventures and 15 others
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EVident Battery Raises $3.2M in Seed FundingFinSMEs•Apr 01, 2025•EVident Battery, Ibex Investors, Nationwide, Automotive Ventures and 1 other
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EVident secures $3.2M to launch pilot EV battery inspection tech.Miningstockeducation•Apr 01, 2025•EVident Battery, Ibex Investors, Nationwide, Automotive Ventures and 1 other
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CapeZero Raises $2.6M to Transform Complex Clean Energy Project Finance with Innovative Software Platformintelligence360•Feb 06, 2025•Capezero, Powerhouse, Climactic, Avesta Fund and 2 others
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CapeZero Raises $2.6M in Seed FundingFinSMEs•Jan 24, 2025•Capezero, Powerhouse Ventures, Climactic, Avesta Fund and 2 others
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CapeZero Raises $2.6M to Transform Complex Clean EnergyThe Joplin Globe•Jan 23, 2025•Capezero, Powerhouse, Avesta Fund, Climactic and 2 others
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Concentro announces $3m fundraise to unlock clean energy financing, starting with tax creditsintelligence360•Dec 21, 2024•Concentro, Firstminute Capital, Silence, Life Extension Ventures and 8 others
