Congruent Ventures

Congruent Ventures, established in 2017 and based in Oakland, California, is a venture capital firm specializing in early-stage investments. The company focuses on sectors that drive positive environmental and social impact, including Mobility and Urbanization, Energy Transition, Food and Agriculture, and Sustainable Production & Consumption. Congruent Ventures invests in technology companies across North America that aim to reduce energy and resource consumption, with a preference for impact investments.

Nicholas Adeyi

Investor

Eliza Cushman

Investor

Tanuj Dutta

Partner

Jaclyn Kossmann

Partner

Jackie Kossmann

Partner

Saloni Multani

Venture Partner

Suzanne Parmar

Vice President of Finance

Joshua Posamentier

Managing Partner

Marianne Wu

Venture Partner

Abe Yokell

Managing Partner and Co-Founder

Past deals in Energy

Fervo Energy

Series D in 2024
Fervo Energy, established in 2017 and headquartered in San Francisco, specializes in developing and operating geothermal assets using proprietary technology. The company aims to generate clean, dispatchable power from new locations, contributing to a 100% clean energy future. Fervo's innovative approach to geoscience accelerates the development of geothermal projects, providing carbon-free energy solutions for clients seeking scalable, productive power sources.

Energetic Capital

Venture Round in 2024
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Halcyon

Seed Round in 2024
Halcyon provides an AI-assisted search and information platform to navigate energy transition decision-making for investors and analysts.

Fervo Energy

Series D in 2024
Fervo Energy, established in 2017 and headquartered in San Francisco, specializes in developing and operating geothermal assets using proprietary technology. The company aims to generate clean, dispatchable power from new locations, contributing to a 100% clean energy future. Fervo's innovative approach to geoscience accelerates the development of geothermal projects, providing carbon-free energy solutions for clients seeking scalable, productive power sources.

Camus Energy

Series A in 2024
Camus Energy is a developer of an open-source grid orchestration platform that empowers electric utilities by providing real-time grid awareness and day-ahead forecasting. The platform enables utilities to predict and proactively manage local network capacity, optimize infrastructure investments, and reliably serve new loads. By offering coordinated control of distributed energy resources and long-term planning insights, Camus Energy aids its clients in navigating the transition to a fully electrified and zero-carbon future. The company leverages advanced technology expertise to enhance carbon grid orchestration systems, facilitating the integration of sustainable energy solutions within the electric utility sector.

Leap

Series B in 2023
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Leap

Venture Round in 2023
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

VEIR

Series A in 2023
VEIR is a company focused on innovative electricity transmission solutions using high-temperature superconductors. It has developed a unique passive evaporative cryogenic cooling technology that significantly enhances cooling efficiency, delivering twenty times the cooling power per kilogram of nitrogen flow compared to traditional mechanical methods. By utilizing commercial superconducting tape, VEIR's technology enables power delivery at transmission levels without resistive losses. This advancement allows clients to streamline permitting processes and supports the economical establishment of electric transmission lines across distribution-scale infrastructure.

Avalanche Energy

Series A in 2023
Avalanche Energy is a startup focused on developing compact fusion reactors for diverse applications such as distributed energy, mobility, space propulsion, and power generation. Its innovative platform enables self-sustaining fusion chain reactions, offering high energy density with safety and minimal radioactive waste. The company's modular reactor design allows for stacking to meet varying power demands, contributing to a cleaner, decarbonized planet while facilitating rapid development through iterative testing cycles.

Ebb Carbon

Series A in 2023
Ebb Carbon is a developer of innovative carbon removal technology that focuses on reducing atmospheric carbon dioxide through a reverse electrochemical ocean deacidification process. The company utilizes low-carbon electricity to electrochemically pump acid from the ocean, enhancing the ocean's natural capacity to store carbon dioxide while simultaneously reducing ocean acidity. This method offers a promising solution for safe, scalable, and cost-effective carbon removal, positioning Ebb Carbon as a leader in addressing climate change challenges.

Fervo Energy

Series C in 2022
Fervo Energy, established in 2017 and headquartered in San Francisco, specializes in developing and operating geothermal assets using proprietary technology. The company aims to generate clean, dispatchable power from new locations, contributing to a 100% clean energy future. Fervo's innovative approach to geoscience accelerates the development of geothermal projects, providing carbon-free energy solutions for clients seeking scalable, productive power sources.

Avalanche Energy

Seed Round in 2022
Avalanche Energy is a startup focused on developing compact fusion reactors for diverse applications such as distributed energy, mobility, space propulsion, and power generation. Its innovative platform enables self-sustaining fusion chain reactions, offering high energy density with safety and minimal radioactive waste. The company's modular reactor design allows for stacking to meet varying power demands, contributing to a cleaner, decarbonized planet while facilitating rapid development through iterative testing cycles.

Leap

Funding Round in 2021
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Leap

Series B in 2021
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Energetic Capital

Series A in 2021
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Camus Energy

Series A in 2021
Camus Energy is a developer of an open-source grid orchestration platform that empowers electric utilities by providing real-time grid awareness and day-ahead forecasting. The platform enables utilities to predict and proactively manage local network capacity, optimize infrastructure investments, and reliably serve new loads. By offering coordinated control of distributed energy resources and long-term planning insights, Camus Energy aids its clients in navigating the transition to a fully electrified and zero-carbon future. The company leverages advanced technology expertise to enhance carbon grid orchestration systems, facilitating the integration of sustainable energy solutions within the electric utility sector.

Fervo Energy

Series B in 2021
Fervo Energy, established in 2017 and headquartered in San Francisco, specializes in developing and operating geothermal assets using proprietary technology. The company aims to generate clean, dispatchable power from new locations, contributing to a 100% clean energy future. Fervo's innovative approach to geoscience accelerates the development of geothermal projects, providing carbon-free energy solutions for clients seeking scalable, productive power sources.

VEIR

Series A in 2021
VEIR is a company focused on innovative electricity transmission solutions using high-temperature superconductors. It has developed a unique passive evaporative cryogenic cooling technology that significantly enhances cooling efficiency, delivering twenty times the cooling power per kilogram of nitrogen flow compared to traditional mechanical methods. By utilizing commercial superconducting tape, VEIR's technology enables power delivery at transmission levels without resistive losses. This advancement allows clients to streamline permitting processes and supports the economical establishment of electric transmission lines across distribution-scale infrastructure.

Leap

Series A in 2020
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Camus Energy

Seed Round in 2019
Camus Energy is a developer of an open-source grid orchestration platform that empowers electric utilities by providing real-time grid awareness and day-ahead forecasting. The platform enables utilities to predict and proactively manage local network capacity, optimize infrastructure investments, and reliably serve new loads. By offering coordinated control of distributed energy resources and long-term planning insights, Camus Energy aids its clients in navigating the transition to a fully electrified and zero-carbon future. The company leverages advanced technology expertise to enhance carbon grid orchestration systems, facilitating the integration of sustainable energy solutions within the electric utility sector.

Fervo Energy

Series A in 2019
Fervo Energy, established in 2017 and headquartered in San Francisco, specializes in developing and operating geothermal assets using proprietary technology. The company aims to generate clean, dispatchable power from new locations, contributing to a 100% clean energy future. Fervo's innovative approach to geoscience accelerates the development of geothermal projects, providing carbon-free energy solutions for clients seeking scalable, productive power sources.

Energetic Capital

Seed Round in 2019
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.

Leap

Seed Round in 2018
Leap is a marketplace for Distributed Energy Resources to participate in the energy market. It allows every connected device to help balance the grid, and get paid for it and access wholesale markets through a single API and help build the flexible, renewable grid of the future. Leap aims to make global energy markets accessible to anyone, starting with demand response and expanding into generation and ancillary services. Leap was founded by Thomas Folker and Remco Van Den Elzen.

Blueprint Power

Series A in 2018
Blueprint Power is a technology company based in New York City that focuses on enhancing the financial sustainability of distributed clean energy systems. The company enables regional groups of real estate companies to transform their properties into power plants capable of generating excess energy, which can then be sold to various markets and customers seeking reliable electricity. By utilizing machine learning and data analytics, Blueprint Power effectively manages energy consumption in commercial buildings, allowing them to participate in wholesale energy markets. This approach creates additional revenue streams for property owners and helps them maximize the value of their existing energy assets. Founded by a team of experienced innovators from notable firms, Blueprint Power is supported by influential leaders and investors across the real estate, energy, and technology sectors.

Energetic Capital

Convertible Note in 2017
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. It specializes in providing solar insurance solutions that address credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. The company offers a product called EneRate, which protects third-party solar developers and asset owners from repayment risks and revenue losses due to defaults on power purchase agreements (PPAs). Energetic Insurance employs a data-driven approach as a Managing General Underwriter, developing innovative risk management products that facilitate solar financing for unrated or below investment grade organizations. This enables solar project developers to undertake more projects and access capital by mitigating payment default risks, thereby enhancing project economics through lower interest rates and improved financial structuring.
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