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The Venture Codex

Active Impact Investments

401-106 West 1st Street, North Vancouver, British Columbia, V7M 2E7, Canada

Overview

Active Impact Investments is a Certified B Corp based in Vancouver, BC, whose mission is to support environmental sustainability through profitable investment. With three limited partnership funds with over $140M in assets under management, the venture capital firm provides funds and talent to accelerate the growth of early-stage climate tech companies with $200K to $3M in revenue and significant growth potential. Active Impact’s portfolio includes and is seeking some of the most successful startups in North America that are capable of achieving venture scale and becoming extremely profitable while solving the most urgent environmental issues.

Total investments
30
Lead investments
7
Investments · 12mo
8
Active investors
6

Sector focus

  • Clean Energy
  • CleanTech
  • Impact Investing
  • Service Industry
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Investment portfolio

  • Gritt

    Participated · Series A · Jul 2026

    Founded by Carnegie Mellon–trained roboticists Puneet Puri (CEO) and Vishal Dugar (CTO), Gritt develops an intelligent software layer that controls off-the-shelf skidders and robotic arms to perform dextrous construction tasks. Its initial deployed application unloads, carries, and positions large glass solar panels with sub-millimeter accuracy; Gritt reports that an eight-person crew with its systems can install 3,000–4,000 panels per day versus roughly 800 panels without them. The company has two systems in the field, three top-10 U.S. power construction companies as customers, and contracts covering 2.8 GW of panel installs over the next 18 months. Gritt plans to scale to about 48 systems in the next six months and expand its task set to include fastening panels, drilling posts, building racks, and other labor-intensive construction tasks like rebar tying. Management positions the product as a generalizable physical-AI layer that can also provide site monitoring and decision-support via its sensor suite.

  • Piq Energy

    Led · Seed · Jul 2026

    Piq Energy builds an agentic grid planning platform that sits on top of industry engineering tools to connect models, data and workflows and automate complex engineering studies. The company aims to streamline interconnection processes by enabling agents to run studies simultaneously, unlock existing grid capacity, and accelerate adoption of flexible transmission solutions. Piq launched in 2025 after stealth development and reports managing more than 1,000 transmission grid models and completing over 10,000 engineering workflows while supporting customers running dozens of analyses daily. The company was founded in 2023 and is headquartered in San Francisco. Its founders, Tom Nudell, PhD (CEO), and Dionysios Stamatiadis, MSc (Chief Engineer), bring experience from utilities and technology firms including Smart Wires, UK Power Networks, EirGrid, APS, Oncor, Palantir and C3 AI. The recent $5 million seed raise led by Active Impact Investments will fund the next phase of product rollout to utilities and developers and further development of Piq’s grid intelligence layer.

  • ThinkLabs

    Participated · Series A · Mar 2026

    ThinkLabs AI builds a high-performance, physics-informed AI platform that simulates, plans and optimizes electric grid operations far faster than traditional tools. Its technology can run up to 10 million scenarios in 10 minutes while maintaining more than 99.7% accuracy on grid power flow, enabling utilities to identify constraints and solutions rapidly. The company emphasizes transparency, explainability and auditability in its models to meet regulated-utility requirements. ThinkLabs targets use cases including interconnection, system planning and operational studies as electricity demand grows from data centers, AI workloads and electrification. The recent $28 million Series A will fund expanded customer delivery, enhancements to AI-powered digital twins and agents, and scaled deployments with ecosystem partners. The company is based in New York.

  • Zeno

    Participated · Series A · Mar 2026

    Founded in 2022 by former Tesla executive Michael Spencer, Zeno offers a vertically integrated solution that combines battery swapping stations, public fast chargers, home charging, a cloud-based operating system, and its Emara electric motorcycle. The company has already deployed more than 150 charge-point locations and operates in four East African cities, serving close to 1,000 motorbike and energy-subscription customers. Its technology claims to cut operating costs by 50% versus internal-combustion alternatives, and over 25,000 retail and fleet customers are on its waitlist. Zeno has completed development of three charging products, a proprietary battery system, and its first vehicle model. With offices in San Francisco, Nairobi, and Bangalore, the team includes alumni from Tesla, Ather, Zoom, and Ola Electric. New capital will be used to scale the charging network and ramp up Emara motorcycle production. Before the current round, the company had secured $9.5 million in seed funding led by Lowercarbon Capital.

  • Maia Farms

    Led · Seed · Jan 2026

    Maia Farms is a Vancouver-based food-tech company that engineers mushroom and mycelium ingredients through liquid-state fermentation, extrusion processing, and a proprietary "fungal intelligence" platform. Its products target food manufacturers that want sustainable, nutrient-dense alternatives to conventional animal or plant proteins. The startup already collaborates with more than 70 global service companies and maintains an impact partnership with The Greater Vancouver Food Bank. With a focus on scaling, Maia plans to accelerate commercial production, broaden its ingredient portfolio, and deepen partnerships across the food industry. The firm will also expand its fermentation and extrusion capacity to meet anticipated demand. Including non-dilutive capital, the company has secured more than $6.5 million in funding to date, underscoring strong early investor and grant support for its technology and mission.

Team