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The Venture Codex

2040VC

251 Little Falls Drive, Wilmington, Delaware, 19808, United States

Overview

2040 Ventures is a global investment platform that believes strongly in the revolutionary power of decentralized technology.

Total investments
4
Lead investments
1
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • CullBeck

    Participated · Series A · Jul 2026

    CullBeck has developed a hydrogen-based ironmaking process that uses hydrogen as a chemical reductant to significantly reduce production time. The technology is aimed at the steel industry as a lower-carbon alternative to traditional ironmaking methods. The company is characterized as deep-tech and is led by CEO and co-founder Martin Hacon. CullBeck is based in New Zealand. Financially, the company recently completed a $20M Series A round. No operational metrics, revenue figures, or detailed use-of-funds were disclosed in the coverage.

  • Kavaken

    Participated · Seed · Jul 2024

    Kavaken offers AI-powered SaaS tools for the renewable energy sector that measure and analyze asset metrics, optimize maintenance operations, and improve production forecasts. Its platform supports predictive maintenance to prevent faults and performs sectoral analyses to compliant standards without relying on complex Excel files or SCADA screens. The company emphasizes monitoring and optimizing maintenance workflows to boost asset output and reliability. Founded by Bora Tokyay and Murat Yilmaz, Kavaken targets energy companies seeking automated analytics and operational efficiency. The business plans to use new capital to expand its presence across the UK and European markets and to advance product development. The article does not disclose revenue or user metrics.

  • SOLshare

    Participated · Series A · Mar 2024

    ME SOLshare Ltd. is a climate-tech startup focused on managing and monetizing distributed energy assets in Bangladesh. The company is building technology to remotely control smart batteries installed in the country’s 5 million-plus electric three-wheeler taxis. By 2029, SOLshare aims to network 1 million of these batteries, boosting driver earnings while allowing the aggregated capacity to buffer roughly 10 % of Bangladesh’s peak electricity demand. The vision relies on scaling solar PV adoption alongside its battery platform to accelerate the nation’s energy transition. The firm positions itself at the frontlines of climate change, addressing real-world power-access challenges in emerging markets. Financially, SOLshare has just secured new capital to advance this expansion, closing US$2.2 million of a larger US$4 million Series A+ financing.

  • PosiGen

    Led · Series D · Dec 2020

    PosiGen installs and finances solar and energy-efficiency upgrades for homeowners in underserved communities, operating as a certified Public Benefits Corporation. The company has installed nearly 30,000 solar systems and generated over 645,000,000 kWh from solar panels since founding. PosiGen reports it has saved homeowners more than $65.9 million through its solar and energy-efficiency programs. With additional capital from Brookfield, PosiGen plans to scale its business and extend its savings-guarantee model to more households without regard to FICO score or income thresholds. The new funding is positioned as working capital to expand deployment and support continued growth of its Solar for All efforts. PosiGen offers residential solar and energy efficiency through a unique solar leasing model that removes barriers for low- and moderate-income homeowners by operating without restrictive income requirements or credit score minimums. The company pairs solar installations with energy efficiency upgrades and has completed more than 25,000 solar energy systems and 20,000 energy efficiency upgrades for nearly 22,000 families as of March 2023. PosiGen customers have produced nearly 570,000 MWh of electricity and saved an estimated $66 million on their utility bills to date. The company operates in multiple states and Washington D.C., and the PosiGen family includes more than 600 direct employees. With recent financing, PosiGen plans to deploy thousands more systems and upgrades in underserved communities to reduce energy burdens and scale decarbonization. A $12 million bridge loan is intended to boost cash flow immediately, help unlock federal Investment Tax Credit adders, and position the company to attract additional private capital. PosiGen delivers residential solar and energy-efficiency solutions aimed at low- and moderate-income homeowners through lease products and a partner program. The company says it has served more than 25,000 customers across California, Connecticut, Louisiana, Mississippi, New Jersey, New York, Pennsylvania, Maryland, Massachusetts, and Washington, D.C. PosiGen employs more than 600 direct employees and supports over 150 contract workers. Its Partner Program has helped 2,000+ homeowners go solar since launching in 2021. Headquartered in Louisiana and founded in 2011, PosiGen frames its work under a "Solar for All" mission to close the clean energy affordability gap. The company plans to deploy recent financing to expand into additional states and prioritize Energy Communities and Low-Income Communities identified under the Inflation Reduction Act. The new capital commitment is intended to support continued asset growth and broader access to clean energy for households with high energy burdens. PosiGen provides solar PV installations and energy-efficiency upgrades targeted at low-to-moderate-income (LMI) households, often packaged as solar-plus-efficiency offerings. The company says it has served over 19,000 customers to date, about 50% of whom are in communities of color. PosiGen has worked with partners such as the Connecticut Green Bank to offer no‑upfront‑cost solar leases with no credit requirements; a recent case study found higher delinquencies but a reasonable return on investment from that program. The company also deploys rapid‑response solar power stations for disaster relief, installing 12 stations after Hurricane Ida using 30‑panel (11,400 W) systems with batteries providing 27,000 watt‑hours. PosiGen plans to use new financing to grow the business and close the affordability gap for solar, storage, and energy‑efficiency upgrades for LMI customers. Headquartered in New Orleans, Louisiana, the company combines product deployment and financing solutions aimed at increasing access to clean energy among underserved communities. PosiGen provides rooftop solar and energy efficiency solutions to low-to-moderate income (LMI) households. Its core product is low-cost rooftop solar panel leases combined with energy efficiency upgrades, aimed at delivering lower utility bills and environmental benefits. The company has served over 17,000 customers to date, approximately 50% in communities of color, and reports more than 270 direct employees plus over 120 contractor-supported staff across Louisiana, Connecticut, New Jersey, New York and Florida. Customers can see dramatic savings well in excess of 20% of their annual energy spend. PosiGen intends to use proceeds from its Series D to expand into select markets nationwide to scale its model. Marathon Capital is advising on raising tax equity to support the company's accelerated growth plan.

Team

No current team members are available.