Prelude Ventures

Prelude Ventures is a venture capital firm based in San Francisco, California, founded in 2013. The firm focuses on investing in companies that are innovating within the ClimateTech sector, addressing significant opportunities to reduce the carbon intensity of the global economy. Prelude Ventures manages multiple funds, including Prelude Climate Opportunities Fund I and Prelude Climate Fund II, which target a diverse array of sectors such as advanced energy, food, agriculture, transportation, logistics, advanced materials, manufacturing, and advanced computing. The firm prioritizes impact investments aimed at fostering sustainability and enhancing the resilience of various industries, ranging from environmental services and alternative energy to logistics and agriculture. Through its backing of exceptional entrepreneurs and management teams, Prelude Ventures aims to drive meaningful change in the climate sector across the United States and Canada.

Carly Anderson

Principal

Victoria Beasley

Partner

Katie Clasen

Principal

Mark Cupta

Managing Director

Matt Eggers

Managing Director

Alexandra Harbour

Principal

Gabriel Kra

Co-Founder and Managing Director

Bryan Shill

Associate

Nat Simons

Co-Founder

Tim Woodward

Managing Director

Past deals in Energy Efficiency

Terabase

Series B in 2022
Terabase Energy, Inc. designs and develops automation and digital deployment solutions for utility-scale solar projects. It offers a cloud-based artificial intelligence project development platform which enables users to collaborate digital models of projects. Additionally, the company offers technical advisory and engineering services. Terabase Energy, Inc. was founded in 2019 and is based in Berkeley, California, with an additional office in Melbourne, Australia.

Electric Hydrogen

Series B in 2022
Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems. The company's low-cost renewable electricity produces clean hydrogen gas for the decarbonization of pollution from industries and eases the dependency on fossil fuels, providing clients with cost-effectively decarbonized gas and reducing massive industrial waste.

Quaise

Series A in 2022
Quaise is an energy company pioneering millimeter wave drilling technology to access deep geothermal energy. Quaise is developing and commercializing novel millimeter wave drilling systems to harness geothermal energy around the globe, overcoming the geographic constraints limiting this energy source today.

Sense

Series C in 2022
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Quaise

Series A in 2022
Quaise is an energy company pioneering millimeter wave drilling technology to access deep geothermal energy. Quaise is developing and commercializing novel millimeter wave drilling systems to harness geothermal energy around the globe, overcoming the geographic constraints limiting this energy source today.

Verdox

Venture Round in 2022
Verdox is dedicated to reversing climate change through the development and deployment of advanced technology. The company’s proprietary electro-swing process, developed at MIT, enables carbon dioxide and other acid gases to be captured with up to 80% less energy and 70% less cost than conventional approaches.

LevelTen Energy

Series C in 2021
LevelTen Energy, Inc. operates a renewable energy transaction marketplace that links corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. Founded in 2016 and based in Seattle, Washington, the company provides a technology-driven platform that enables a diverse range of customers to access renewable energy solutions. By aggregating buyers and sellers, LevelTen allows smaller corporate and industrial customers to engage with the same projects and terms typically available to larger energy purchasers. This innovative approach simplifies the procurement process, helping customers achieve their sustainability goals while stabilizing energy costs and eliminating the complexities of traditional request for proposal (RFP) processes.

Form Energy

Series D in 2021
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Electric Hydrogen

Series A in 2021
Developer of an advanced PEM technology designed to build low-cost, high-efficiency, fossil-free hydrogen systems. The company's low-cost renewable electricity produces clean hydrogen gas for the decarbonization of pollution from industries and eases the dependency on fossil fuels, providing clients with cost-effectively decarbonized gas and reducing massive industrial waste.

Voltus

Series C in 2021
Voltus, Inc. specializes in developing cash-generating energy products aimed at industrial, commercial, and institutional customers. Founded in 2016 and based in San Francisco, the company offers a variety of solutions, including Voltlet, which enables second-level data acquisition and control, and Voltus, an energy cloud software. Additionally, it provides Voltapp, an application designed for real-time energy visibility and management. By leveraging these tools, Voltus helps clients optimize their energy usage, generate revenue, and implement innovative demand response, energy purchasing, and energy efficiency programs.

Encycle

Venture Round in 2021
Encycle Corporation specializes in wireless electrical demand management and automated demand response solutions tailored for commercial and industrial facilities. The company provides wireless controllers that optimize electrical demand across various equipment, including electric vehicle chargers. Its products are applicable in a diverse range of settings such as retail spaces, offices, theaters, schools, and warehouses. Encycle's technology enables users to manage and reduce energy consumption by coordinating the operation of electrical loads like heaters, fans, and chillers. Founded in 2005 and based in Toronto, Canada, with additional locations in California and the United Kingdom, Encycle also offers its solutions through distributors in California and New York. The company has established a strategic partnership with Ayla Networks and was previously known as REGEN Energy Inc. before rebranding in 2015.

Form Energy

Series C in 2020
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Voltus

Series B in 2020
Voltus, Inc. specializes in developing cash-generating energy products aimed at industrial, commercial, and institutional customers. Founded in 2016 and based in San Francisco, the company offers a variety of solutions, including Voltlet, which enables second-level data acquisition and control, and Voltus, an energy cloud software. Additionally, it provides Voltapp, an application designed for real-time energy visibility and management. By leveraging these tools, Voltus helps clients optimize their energy usage, generate revenue, and implement innovative demand response, energy purchasing, and energy efficiency programs.

Form Energy

Series B in 2019
Form Energy, Inc. specializes in developing long-duration energy storage systems aimed at facilitating the transition from fossil fuels to renewable energy sources. The company focuses on creating low-cost battery solutions capable of storing electricity generated from wind and solar power for extended periods, thereby enhancing the reliability of the electric grid. Its core technology, which includes an innovative iron-air battery, allows for energy dispatch over multiple days, significantly improving the viability of renewable energy as a consistent power source. Founded in 2017 and headquartered in Somerville, Massachusetts, Form Energy also offers Formware, a software tool designed for capacity expansion with advanced optimization capabilities. The company's mission revolves around enabling deep decarbonization of the electric system, ultimately contributing to a more sustainable energy future. Form Energy has garnered support from various investors, including Breakthrough Energy Ventures and MIT’s The Engine.

Sense

Series B in 2019
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Powerhive

Series B in 2019
Powerhive Inc. specializes in rural electrification by providing innovative tools and services aimed at enhancing energy access in underserved markets globally. Founded in 2011 and headquartered in Berkeley, California, with an additional office in Nairobi, Kenya, Powerhive offers a range of technology solutions including Honeycomb, a cloud-based platform that automates account management and enables real-time monitoring of microgrid operations. The company also has developed Asali, a smart meter for off-grid applications, and SWARM, a tool that aids in project site selection and customer identification. Additionally, Powerhive supports microgrid operations management and project development through services such as market feasibility studies, pilot deployments, and on-site training. By partnering with utilities and independent power producers, Powerhive aims to provide scalable and bankable off-grid utility solutions that ensure access to reliable and affordable electricity for millions of rural homes and businesses.

LevelTen Energy

Series B in 2019
LevelTen Energy, Inc. operates a renewable energy transaction marketplace that links corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. Founded in 2016 and based in Seattle, Washington, the company provides a technology-driven platform that enables a diverse range of customers to access renewable energy solutions. By aggregating buyers and sellers, LevelTen allows smaller corporate and industrial customers to engage with the same projects and terms typically available to larger energy purchasers. This innovative approach simplifies the procurement process, helping customers achieve their sustainability goals while stabilizing energy costs and eliminating the complexities of traditional request for proposal (RFP) processes.

Sense

Series B in 2018
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Voltus

Series A in 2017
Voltus, Inc. specializes in developing cash-generating energy products aimed at industrial, commercial, and institutional customers. Founded in 2016 and based in San Francisco, the company offers a variety of solutions, including Voltlet, which enables second-level data acquisition and control, and Voltus, an energy cloud software. Additionally, it provides Voltapp, an application designed for real-time energy visibility and management. By leveraging these tools, Voltus helps clients optimize their energy usage, generate revenue, and implement innovative demand response, energy purchasing, and energy efficiency programs.

LevelTen Energy

Series A in 2017
LevelTen Energy, Inc. operates a renewable energy transaction marketplace that links corporate and industrial power buyers with power purchase agreements (PPAs) from utility-scale wind, solar, and storage projects. Founded in 2016 and based in Seattle, Washington, the company provides a technology-driven platform that enables a diverse range of customers to access renewable energy solutions. By aggregating buyers and sellers, LevelTen allows smaller corporate and industrial customers to engage with the same projects and terms typically available to larger energy purchasers. This innovative approach simplifies the procurement process, helping customers achieve their sustainability goals while stabilizing energy costs and eliminating the complexities of traditional request for proposal (RFP) processes.

Heliotrope

Series B in 2017
Heliotrope Technologies, Inc. specializes in the manufacture of electrochromic window coatings that enable precise control over light and heat transmission. Founded in 2012 and based in Alameda, California, the company offers a product known as Universal Smart Window coating, which consists of a thin film of transparent nanocrystals embedded in a matrix. This innovative technology, initially developed by researchers at Lawrence Berkeley National Laboratory, allows windows to adjust their transparency with a small jolt of electricity, effectively managing the amount of visible light and near-infrared radiation that passes through. By focusing on energy-saving solutions, Heliotrope aims to enhance the efficiency and comfort of buildings through its advanced smart tinting glass.

Sense

Series A in 2017
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Encycle

Venture Round in 2016
Encycle Corporation specializes in wireless electrical demand management and automated demand response solutions tailored for commercial and industrial facilities. The company provides wireless controllers that optimize electrical demand across various equipment, including electric vehicle chargers. Its products are applicable in a diverse range of settings such as retail spaces, offices, theaters, schools, and warehouses. Encycle's technology enables users to manage and reduce energy consumption by coordinating the operation of electrical loads like heaters, fans, and chillers. Founded in 2005 and based in Toronto, Canada, with additional locations in California and the United Kingdom, Encycle also offers its solutions through distributors in California and New York. The company has established a strategic partnership with Ayla Networks and was previously known as REGEN Energy Inc. before rebranding in 2015.

EnergySavvy

Series D in 2016
EnergySavvy, Inc. is a cloud software company that specializes in providing utility solutions focused on customer intelligence, engagement, and operational efficiency. Founded in 2008 and based in Seattle, with additional offices in Colorado and Massachusetts, EnergySavvy offers a range of cloud-based platforms and software products designed to enhance home energy management and reduce utility costs. Its key offerings include Program Optix and Online Audit applications, which assist utilities in running energy efficiency programs. The company also provides insights on home energy rebates, tax credits, and financing options, helping customers lower their energy consumption and carbon footprint. Nearly 40 utilities and state programs across the United States utilize EnergySavvy's solutions to improve customer experiences in a digital era. EnergySavvy operates as a subsidiary of Tendril Networks, Inc. since 2019.

Spark Thermionics

Seed Round in 2016
Spark Thermionics develops an innovative energy-generation device that aims to replace traditional power production methods. The company's technology employs heat-to-electricity converters utilizing thermionic energy conversion, allowing for efficient power generation from various fuel sources. This system operates quietly and is designed to scale from small-scale applications producing watts to larger setups generating megawatts. By providing an efficient and adaptable solution, Spark Thermionics seeks to deliver cleaner, more affordable, and reliable electricity to users worldwide.

Renew Financial

Series D in 2016
Renew Financial specializes in providing innovative financing solutions aimed at supporting contractors in the renewable energy and energy efficiency sectors. Founded in 2008 by Cisco DeVries, the company focuses on promoting energy independence and transitioning to a clean energy economy. Its primary offerings include the Property Assessed Clean Energy (PACE) financing model and the Warehouse for Energy Efficiency Loans, which facilitate access to financing for residential energy efficiency projects by attracting institutional investors. Renew Financial's platform provides both secured and unsecured financing options to homeowners, contractors, and local governments, enabling them to undertake energy, safety, and water efficiency improvements. This approach not only helps property owners reduce energy consumption but also aids local governments in creating jobs and fostering sustainable development.

Powerhive

Series A in 2016
Powerhive Inc. specializes in rural electrification by providing innovative tools and services aimed at enhancing energy access in underserved markets globally. Founded in 2011 and headquartered in Berkeley, California, with an additional office in Nairobi, Kenya, Powerhive offers a range of technology solutions including Honeycomb, a cloud-based platform that automates account management and enables real-time monitoring of microgrid operations. The company also has developed Asali, a smart meter for off-grid applications, and SWARM, a tool that aids in project site selection and customer identification. Additionally, Powerhive supports microgrid operations management and project development through services such as market feasibility studies, pilot deployments, and on-site training. By partnering with utilities and independent power producers, Powerhive aims to provide scalable and bankable off-grid utility solutions that ensure access to reliable and affordable electricity for millions of rural homes and businesses.

Heliotrope

Series A in 2015
Heliotrope Technologies, Inc. specializes in the manufacture of electrochromic window coatings that enable precise control over light and heat transmission. Founded in 2012 and based in Alameda, California, the company offers a product known as Universal Smart Window coating, which consists of a thin film of transparent nanocrystals embedded in a matrix. This innovative technology, initially developed by researchers at Lawrence Berkeley National Laboratory, allows windows to adjust their transparency with a small jolt of electricity, effectively managing the amount of visible light and near-infrared radiation that passes through. By focusing on energy-saving solutions, Heliotrope aims to enhance the efficiency and comfort of buildings through its advanced smart tinting glass.

Aquion Energy

Series E in 2014
Aquion Energy is fundamentally­­ changing the economics of power generation, transmission and distribution by developing and commercializing cost-effective energy storage solutions that are safe, reliable, and sustainable from nontoxic components as simple as saltwater. Based on the research of Carnegie Mellon University Professor Jay Whitacre, Aquion's proprietary Aqueous Hybrid Ion (AHI™) battery overcomes the pitfalls of conventional energy storage technologies. AHI systems enhance the electrical grid by providing flexible, emissions-free capacity that optimizes existing generation assets and enables broad adoption of renewable energy technologies.

EnergySavvy

Series C in 2014
EnergySavvy, Inc. is a cloud software company that specializes in providing utility solutions focused on customer intelligence, engagement, and operational efficiency. Founded in 2008 and based in Seattle, with additional offices in Colorado and Massachusetts, EnergySavvy offers a range of cloud-based platforms and software products designed to enhance home energy management and reduce utility costs. Its key offerings include Program Optix and Online Audit applications, which assist utilities in running energy efficiency programs. The company also provides insights on home energy rebates, tax credits, and financing options, helping customers lower their energy consumption and carbon footprint. Nearly 40 utilities and state programs across the United States utilize EnergySavvy's solutions to improve customer experiences in a digital era. EnergySavvy operates as a subsidiary of Tendril Networks, Inc. since 2019.

Renew Financial

Venture Round in 2014
Renew Financial specializes in providing innovative financing solutions aimed at supporting contractors in the renewable energy and energy efficiency sectors. Founded in 2008 by Cisco DeVries, the company focuses on promoting energy independence and transitioning to a clean energy economy. Its primary offerings include the Property Assessed Clean Energy (PACE) financing model and the Warehouse for Energy Efficiency Loans, which facilitate access to financing for residential energy efficiency projects by attracting institutional investors. Renew Financial's platform provides both secured and unsecured financing options to homeowners, contractors, and local governments, enabling them to undertake energy, safety, and water efficiency improvements. This approach not only helps property owners reduce energy consumption but also aids local governments in creating jobs and fostering sustainable development.

Sense

Seed Round in 2014
Sense Labs, Inc. is a technology company based in Cambridge, Massachusetts, specializing in home energy monitoring solutions. Established in 2013, the company develops and manufactures electronic devices that analyze electricity usage in households. Its flagship product, Sense, utilizes current sensors installed on main breakers to capture the electronic signatures of various appliances. This system employs advanced algorithms to identify and differentiate individual devices, providing users with insights into their energy consumption. Sense also offers a range of related products, including Sense Solar, add-on sensors, and various replacement components. The data collected by these devices is transmitted to users via a dedicated mobile application, enhancing the home automation experience.

Heliotrope

Seed Round in 2013
Heliotrope Technologies, Inc. specializes in the manufacture of electrochromic window coatings that enable precise control over light and heat transmission. Founded in 2012 and based in Alameda, California, the company offers a product known as Universal Smart Window coating, which consists of a thin film of transparent nanocrystals embedded in a matrix. This innovative technology, initially developed by researchers at Lawrence Berkeley National Laboratory, allows windows to adjust their transparency with a small jolt of electricity, effectively managing the amount of visible light and near-infrared radiation that passes through. By focusing on energy-saving solutions, Heliotrope aims to enhance the efficiency and comfort of buildings through its advanced smart tinting glass.
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