Energize Ventures, an early and growth-stage venture fund, has closed its second fund with $330 million of capital commitments.
Fund II was backed by a series of anchor investors, including Invenergy, CDPQ, SE Ventures, GE Renewable Energy and Hannon Armstrong. Credit Suisse, Xcel Energy and American Electric Power. Equinor Ventures also contributed to the capital raise.
Energize Ventures said the fund will be used to help scale and commercialize software across renewable energy, mobility, cybersecurity, battery storage, critical infrastructure and climate resiliency.
To date, Energize has deployed capital from the vehicle into three investments, including predictive battery analytics software TWAICE, IoT device company Finite State and critical infrastructure safety AI company Urbint.
“Since we first launched Energize five years ago, we have seen the energy and industrial sectors undergo a massive digital transformation,” said John Tough, managing pa
