About Climate Capital
Climate Capital is a venture capital firm founded in 2018. It is primarily based out of San Francisco, United States. As of Jun 2026, Climate Capital is an active investor, having invested in 331 companies, with 4 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 Environment Tech to High Tech and Enterprise Applications. Most recently it participated in the $***** Seed round of Criticalenergy Overall, Climate Capital portfolio has seen 2 unicorns, 1 IPO and 9 acquisitions including key companies like Arcadia, KoBold Metals and Zitara. A lot of funds co-invest with Climate Capital, with names like Y Combinator sharing a substantial percentage of its portfolio. Climate Capital has team of 16 people including 10 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Climate Capital's List of Top Investments
Climate Capital has a portfolio of 331 companies, including 2 unicorns. Their most notable investments are in Spark AI and Scalvy.Their portfolio spans across United States, United Kingdom, Canada and 22 more locations. They have invested in Environment Tech, High Tech, Enterprise Applications and 36 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Climate Capital:
1. SPAN
Smart energy management technology platform that modernizes residential electrical systems. Its solutions replace traditional electrical panels with smart systems that provide homeowners with real-time visibility into household energy usage, circuit-level monitoring, and remote control of appliances and connected devices. It is designed to support modern electrified homes by integrating technologies such as home batteries, electric vehicle chargers, solar systems, HVAC systems, and heat pumps into a centralized energy management ecosystem.
Key facts about SPAN
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $419M
- Employee Count: 385 as on May 31, 2026
- Investors: Amazon, Fifth Wall and 33 Others
- Latest Funding Round: Series C, Jan 15, 2026, $*****
- Highlight: Editors' Pick
2. AtoB
Provider of fleet cards, spend management, and instant payment solutions. The company offers fleet cards for fuel and business expenses, providing controls and insights. It facilitates instant payments to and from fleets, brokers, and factors. Additionally, the company provides credit solutions with flexible repayment terms.
Key facts about AtoB
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $205M
- Employee Count: 174 as on May 31, 2026
- Investors: Mastercard, General Catalyst and 18 Others
- Latest Funding Round: Conventional Debt, Sep 19, 2024, $*****
- Highlight: Editors' Pick
3. Arcadia
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Key facts about Arcadia
- Founded Year: 2014
- Location: Washington, DC (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $566M
- Employee Count: 1,345 as on May 31, 2026
- Investors: ValueAct Capital, Mitsui and 39 Others
- Latest Funding Round: Conventional Debt, Apr 11, 2024, $*****
- Highlight: Editors' Pick
Ultra-early wildfire detection and forest health monitoring using IoT sensors. They provide solutions for public and private forests, leveraging a large-scale IoT sensor network. Their technology detects wildfires early and provides valuable forest insights and analytics. The company develops a wireless environmental sensor network based on LoRaWAN, enabling large-scale deployments in areas without existing network coverage. Data collected is processed using cloud-based big data tools for analytics, monitoring, and alerting. Their technology offers value across government, firefighting, utility, and rail infrastructure sectors. They are focused on forest fire protection and have a roadmap including chainsaw & gunshot detection, fuel-moisture, soil moisture sap-flow and a dendrometer to measure tree growth and carbon sequestration. They are building the infrastructure needed for scalable climate resilience. Their AI-powered, solar-driven sensors enable ultra-early detection by providing alerts in the earliest stages.
Key facts about Dryad Networks
- Founded Year: 2019
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $20.6M
- Employee Count: 48 as on May 31, 2026
- Investors: Toba Capital, Brandenburg Capital and 13 Others
- Latest Funding Round: Grant (prize money), Oct 22, 2024, $*****
- Highlight: Editors' Pick
5. Afresh
Developer of an artificial intelligence platform for fresh food supply chains. The platform unifies replenishment, production planning, inventory management, and forecasting. It is designed to maximize freshness, profits, and reduce food waste. The platform helps to optimize decisions across the fresh supply chain. It balances sales, waste, and labor tradeoffs. The platform coordinates cross-department planning and simplifies training.
Key facts about Afresh
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $233M
- Employee Count: 189 as on May 31, 2026
- Investors: Spark Capital, VMG Partners and 21 Others
- Latest Funding Round: Series B, Apr 21, 2026, $*****
- Highlight: Editors' Pick
Climate Capital's Year-on-Year Investment Trends
Climate Capital has invested in 331 companies over the last 8 years, with an average of 34 new investments annually in the last 5 years. In 2025, it made 10 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Criticalenergy and most recent follow-on round was in Scalvy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 8 | 2 | 10 |
2024 | 16 | 9 | 25 |
2023 | 64 | 0 | 64 |
2022 | 63 | 3 | 66 |
2021 | 112 | 0 | 112 |
2020 | 9 | 0 | 9 |
2019 | 6 | 0 | 6 |
2018 | 3 | 0 | 3 |
Climate Capital's Investments by Stage
Climate Capital has made 203 investments in Seed stage with an average round size of $4.89M, 58 investments in Series A stage with an average round size of $19.1M and 17 investments in Series B stage with an average round size of $47M.Stage of entry | No. of Investments |
|---|---|
Seed | 203 |
Series A | 58 |
Series B | 17 |
Series C | 2 |
Conventional Debt | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Climate Capital's Investments by Sector
Climate Capital has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, High Tech, Energy Tech and Enterprise Applications. Notably, it has invested in 265 Tech companies, 220 Enterprise (B2B) companies, 97 Software companies and at least 80 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Sustainability Tech | 155 |
Environment Tech | 124 |
High Tech | 106 |
Energy Tech | 88 |
Enterprise Applications | 64 |
Others | 399 |
Note: We have considered here, only first round of investments
Climate Capital's Investments by Geography
Climate Capital has made most investments in United States (213), followed by United Kingdom where it has made 14 investments.Country | No. of Investments |
|---|---|
United States | 213 |
United Kingdom | 14 |
Canada | 10 |
Germany | 9 |
India | 5 |
Others | 33 |
Note: We have considered here, only first round of investments
Climate Capital's recent investments
Climate Capital has made 3 investments in 2026 so far. Criticalenergy and Scalvy are the latest among them.Here are the most recent investments by Climate Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 17, 2026 | - | Seed | 8376 | [+14] | |
Mar 26, 2026 | United States | Series A | 2326 | [+2] | |
Jan 30, 2026 | United Kingdom | Series A | 8813 | ||
Aug 28, 2025 | United States | Conventional Debt | 7549 | [+7] | |
Aug 28, 2025 | United States | Series A | 4593 | [+7] |
Unicorns in Climate Capital's Portfolio
Climate Capital has 2 unicorns in its portfolio - KoBold Metals and Arcadia. The most recent unicorn in their portfolio is KoBold Metals. It became a unicorn in 2023, 1 years after Climate Capital first invested in it.Here is a list of unicorns in Climate Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Developer of mineral exploration technology and operator of mining projects | 2018 | Berkeley | Series D | varephc | ||
69 | Provider of clean energy data platform and solutions for businesses. It offers end-to-end energy management solutions, streamlining data and processes for enterprises and energy innovators. Services include utility bill management, energy procurement advisory, and sustainability reporting. The platform supports various use cases for energy service providers, such as optimizing solar and storage solutions, EV charging, energy management, and property management. It helps clients lower utility costs, achieve sustainability goals, and improve energy efficiency. | 2014 | Washington, DC | Series D | eblv{tr |
IPOs and Publicly Listed companies in Climate Capital's Portfolio
1 of Climate Capital's portfolio company became public - Arbor Realty Trust. It got listed on the New York Stock Exchange (NYSE), in Apr 2004 at marketcap of $4.18BHere are Climate Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2004 | 2021 | Post IPO | 8586 |
Acquired companies in Climate Capital's Portfolio
9 companies from Climate Capital's portfolio have been acquired. The most recent acquisition was Monarch Tractor in Apr 2026 by Caterpillar for $*****.Here are Climate Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 19, 2026 | 2020 | Seed | 9818 | |
Jan 26, 2026 | Aug 23, 2022 | Series A | 2360 | |
May 27, 2025 | Mar 17, 2022 | Seed | 4175 | |
Apr 01, 2025 | 2021 | Seed | 6804 | |
Dec 09, 2024 | Sep 01, 2021 | Seed | 6563 |
Team profile of Climate Capital
Climate Capital has a team of 16 members including 10 Partners, 2 Venture Partners and 3 Principals located in United States, China and 1 more location. Climate Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Climate Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | United States | - | - | |
Partner | United States | - | - | |
Partner | United States | - | - | |
Partner | United States | - | - | |
Partner | United Arab Emirates | - | - | |
Partner | United States | - | - | |
Partner | United States | - | - | |
Partner | United States | - | - | |
Partner | Honolulu | - | - | |
Venture Partner | Boulder | - | - |
Co-investors of Climate Capital
Over the past 8 years, 1727 investors have co-invested in Climate Capital's portfolio companies. This includes funds and angels.
- Invested before Climate Capital: Y Combinator, National Science Foundation and 509 others have invested in rounds before Climate Capital. There are 21 companies where Y Combinator has invested before Climate Capital and 7 companies where National Science Foundation has invested before Climate Capital.
- Top Co-investors of Climate Capital: 563 investors entered a company along with Climate Capital. These include investors like Y Combinator (13 companies).
- Invested after Climate Capital: A total of 653 investors have invested in Climate Capital's portfolio after their investments. Top Investors include Y Combinator (11 companies), OSTI (9 companies) and Lowercarbon Capital (8 companies).
Recent News related to Climate Capital
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Thea secures Eos stellarator fundingNuclear Engineering International magazine•Jun 03, 2026•Usitfund, Thea Energy, Overlay Capital, Divergent Capital and 7 others
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Thea Energy Raises $100M to Scale Fusion PlantsVentureburn•May 27, 2026•Usitfund, Thea Energy, Orion Resource Partners, Hitachi Ventures and 12 others
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Critical Loop Raises $26M to Cut Power Connection Delays with Modular MicrogridsTechStartups.com•Apr 13, 2026•Conifer Infrastructure Partners, Critical Loop, The Hanover Insurance Group, Adapt Nation Capital and 6 others
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Distributed power delivery firm Scalvy raises $13.9 million in Series A roundDCD•Mar 26, 2026•Scalvy, SkyRiver Ventures, Climate Capital, Silicon Badia and 1 other
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Transition Metal Solutions Closes Oversubscribed $6M Seed for Bio-Based Copper RecoveryMiningstockeducation•Jan 15, 2026•Transition VC, Understorey, Astor Asset Group, Essential Capital and 8 others
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Copper Closes $28 Million Series A to Expand Battery-Powered Appliance Operationssvdaily.com•Aug 28, 2025•Copper, Leap Forward Ventures, Collab Fund, Voyager and 6 others
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ChemFinity Technologies Raises $7M to Unlock Domestic Critical Mineral RecoveryPR Newswire•Aug 19, 2025•Overture, At One Ventures, Chemfinitytech, WovenEarth and 3 others
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Differential Bio Secures €2 Million in FundingMunich•Mar 28, 2025•Differential Bio, CDTM, Better Ventures, Climate Capital and 3 others
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Ravel Raises Pre-Seed FundingFinSMEs•Mar 27, 2025•Ravelfuture, At One Ventures, Collateral Good, Collab Fund and 3 others
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Munich Startup Differential Bio Raises €2 Million to Transform Biomanufacturing With AIVegan Business Magazine•Mar 26, 2025•Differential Bio, Ananda Impact Ventures, ReGen Ventures, Carbon13 and 3 others
