Led · Equity · Dec 2025

Founded in Melbourne in 2013 by RMIT Professor Alan Wong and Kokwai Leu, IND Technology builds Early Fault Detection (EFD) systems that use pole-mounted sensors to capture radio-frequency signals from stressed or failing electricity-grid components. The data are analysed in real time, allowing utilities to locate anomalies to within 10 metres and address them before they spark outages or bushfires. The company has sold roughly 15,000 EFD units across six countries and claims the technology has already prevented more than 500 fire events globally. Customers include AusNet Services, Powercor, Western Power and Endeavour Energy, and the firm now maintains operations in the United States, Canada and Malaysia. With the latest capital, IND plans to expand its machine-learning engineering team, enhance the EFD platform’s analytics capabilities and scale delivery, field support and deployments worldwide. Earlier in the year the company sought up to $60 million at an estimated valuation of $200-300 million, reflecting strong investor interest. By automating grid monitoring, IND aims to improve reliability, cut maintenance costs and reduce the social and economic impacts of electrical faults.

Participated · Series E · May 2022

Fictiv operates a Digital Manufacturing Ecosystem that lets clients upload CAD files or 2D drawings, select parts and manufacturing methods (3D printing, injection molding, etc.), and receive pricing, lead time, and other key information. The platform targets hardware firms seeking faster, more resilient supply chains and has gained traction during the pandemic and resulting supply-chain disruptions. According to CEO Dave Evans, Fictiv manufactured over 4 million parts in 2021 and has created 19 million mechanical parts for 3,000 companies. The company strengthened enterprise security with SOC 2 certification and expanded enterprise workflow services to accelerate new product development and engineer-to-order cycles. Fictiv says the funding will be used in part to address supply-chain issues and further build out its platform and partnerships. Fictiv provides a cloud-based platform and supply‑chain network for designing, pricing, ordering and routing the production of specialized hardware, focusing on prototypes and low-to-mid volume runs. Its services include injection molding, CNC machining, 3D printing and urethane casting, combined with software to manage manufacturing workflows. The company targets production runs in the 1,000–10,000 unit range and works with customers from Bay Area startups to large multinationals, including Honeywell (notably its aerospace division), with use cases in medical devices and robotics. Fictiv is building out what it calls a "Digital Manufacturing Ecosystem," aiming to shorten development cycles from months to about a week. The company is also developing sustainability tools, including a carbon-measurement tool and plans for a carbon-neutral shipping program. Financially, the business has raised a total of $92 million to date and its valuation is undisclosed. Fictiv provides a cloud-based platform that lets customers design components and route orders to a network of contract manufacturers for prototyping and small production runs. It does not own manufacturing equipment but coordinates a network of hundreds of manufacturers, primarily in the U.S. and China, covering processes including injection molding, CNC machining, 3D printing, and urethane casting. Customers use Fictiv's software to select plants best suited to make parts; notable customers include Sphero and Facebook. The company plans to use the new funding to expand its production ecosystem, broaden the range of components and materials it can make, and grow its customer base and capacity. Financially, Fictiv raised $33 million in a Series C and has raised $58 million to date; PitchBook suggested a post-money valuation of around $65 million in the prior round and estimated this round could place the company at about $100 million. Leadership emphasizes building a highest-quality rather than largest network and positioning the service as an "AWS for manufacturing" to speed hardware development. Fictiv provides hardware teams with a virtual manufacturing platform that combines intelligent workflow and collaboration software with a vetted global network of manufacturers to support projects from prototype to production. The platform includes a private workspace for collaboration and file management, intelligent algorithms for automated quoting and manufacturability feedback, a smart matching system for pairing projects to manufacturers, centralized order tracking, and quality control systems. The company reports a vetted network of over 200 worldwide manufacturers. Led by CEO and co‑founder Dave Evans and headquartered in San Francisco, Fictiv has opened offices in Guangzhou, China. Financially, the company has raised $25M in total funding to date following its latest round. Fictiv plans to use the new capital to grow its global manufacturer network and to introduce new digital tools to automate and optimize workflows for hardware teams and manufacturers.

Participated · Series B · Mar 2022

Span began by selling internet-connected electrical panels that give homeowners real-time insight and control over circuits, enabling easier integration of EV chargers, batteries, heat pumps, and rooftop solar. Over 2025 the company expanded its focus from individual residences to utilities, targeting regions facing rapid load growth and ambitious decarbonization mandates, such as California. In partnership with Landis+Gyr, Span launched the SPAN Edge, an at-the-meter device utilities can deploy to avoid costly upgrades to poles, wires, and transformers while still accommodating higher demand. The technology was field-tested in PG&E’s virtual power plant pilot that coordinated 400 Span smart panels and 1,500 Sunrun-managed batteries to relieve feeder constraints. Span continues to sell its $2,550 smart panel for new and existing homes, but sees the larger growth opportunity in utility deployments now moving from pilot to rollout phase. Hiring plans include utility delivery roles and an expanded development team in Bangalore, signaling execution on this broader market strategy. Prior to the current raise, Span had secured more than $200 million in funding from investors such as Wellington Management, Fifth Wall, and Munich Re Ventures.

Participated · Equity · Jun 2017

Edeniq develops processes and technologies, including its Pathway Technology, to produce and measure low-cost cellulosic ethanol that can be integrated into existing biorefineries with no capital investment. The company sells or licenses its solutions to U.S. ethanol plants and positions them as operationally efficient ways to increase ethanol output. Edeniq expects to more than double average customer cellulosic ethanol production over the coming year through plant optimization and technology enhancements being introduced as early as Q3 2017. Customers currently average just over 1% cellulosic ethanol and a 2% lift in total ethanol production, while best-performing plants have exceeded 2% cellulosic ethanol and a 3% lift in total production. The company’s pipeline has reached 27 plants; four are registered with the EPA for D3 RIN generation and the remainder have applied or are in trial validation. Registered co-producing plants represent approximately 400 million gallons of total ethanol production and have generated well over $1 million in D3 RIN credits less than halfway through the calendar year. Edeniq states a 120 million gallon-per-year plant can increase revenue by up to $10 million or more through integration of its technology without additional capex. Edeniq develops Pathway, a capital-light technology that produces low-cost cellulosic sugars and cellulosic ethanol from corn kernel fiber and integrates with existing fermenters at ethanol plants. The company is a leader in analytical methods required for EPA registration of co-produced cellulosic ethanol; three ethanol plants received EPA cellulosic registrations after deploying Pathway within the past four months. Edeniq sells or licenses its technologies to U.S. biorefineries and plans to use recent financing to support rapid growth in its Pathway cellulosic ethanol business, accelerate customer acquisition, and add resources for existing customers. The company is investing in sales, field services, laboratory services, and R&D and is developing technology enhancements to potentially increase the amount of cellulosic ethanol eligible for D3 RINs and other regulatory incentives. Edeniq was founded in 2008 and is headquartered in Visalia, California, with a field office in Omaha, Nebraska. Edeniq develops combined mechanical and biological technologies to break down biomass and liberate cellulosic sugars that can be converted into ethanol, chemicals, and other products. Its PATHWAY™ Platform increases ethanol yield at existing plants by 3–6% through more complete conversion of starch and corn kernel fiber. The company owns and operates a two ton per day pilot plant in Visalia, California, and is constructing a 20 ton per day demonstration plant with Usina Vale in São Paulo State, Brazil. Edeniq has a partnership with Global Bio-chem to integrate technologies in a commercial demonstration plant in Jilin Province, China, targeting production of 50,000 metric tons per year of sugars from corn stover. The company sells or licenses its capital-light, operationally efficient solutions to biorefineries in the U.S. and Brazil and plans to roll out new products and expand into new markets. Edeniq raised more than $16 million in equity to support PATHWAY™ expansion and international demonstration projects. Edeniq builds patented mechanical and biological systems — including its Cellunator mills and Pathway enzymes — that break down corn and non-food plant material into sugars for cellulosic ethanol and other renewable products. Its technologies are designed as low‑cost, bolt‑on additions to existing corn ethanol plants or for integration into new cellulosic facilities. The company operates a pilot plant in Visalia, California (built with Logos Technologies under a $25M program 80% funded by the U.S. Department of Energy) that can process two dry tons per day of feedstock and produce about 50,000 gallons per year of cellulosic ethanol. Edeniq says it is working with facilities across California and the U.S., creating the potential for hundreds of millions of gallons of cellulosic ethanol production. The company recently secured a $3.9 million grant from the California Energy Commission to advance enhancements to its cellulosic ethanol technology. Edeniq has also raised over $32 million in additional funding and entered a partnership with Flint Hills Resources Renewables. The company is headquartered in Visalia, CA, with locations in Omaha, Nebraska and the state of Sao Paulo in Brazil. EdeniQ develops processes and products that unlock sugars from renewable natural resources to supply raw material for sustainable chemical and fuel production. The company is led by President and CEO Brian Thome, CTO Dr. Thomas Griffin, VP of Business Development Peter Kilner, and CFO Scott Janssen. EdeniQ is based in Visalia, California and also has locations in Omaha, Nebraska and the state of Sao Paolo in Brazil. It recently raised over $30m in additional debt and equity financing. The equity round included existing investors Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Cyrus Capital, The Westly Group, Angeleno Group, I2BF Global Ventures and Element Partners, alongside new investor Flint Hills Resources Renewables LLC. As part of the financing, Jeremy Bezdek of Flint Hills Resources joined EdeniQ's board of directors.

Participated · Equity · Feb 2016

Renew Financial is an Oakland, Calif.-based clean energy and home improvement finance company that administers and provides multiple financing products across the country. The company administers Property Assessed Clean Energy (PACE) programs and other financing options in several states. Renew Financial closed a $300M revolving credit facility provided by Morgan Stanley Bank, N.A. and Barclays Bank PLC. The proceeds will allow the company to provide financing through PACE programs in Florida and California. PACE is a financing tool enabled by state and local governments that gives homeowners and business owners access to private capital to finance renewable energy, energy efficiency, water conservation, seismic, and wind mitigation upgrades and repay the cost via their property tax bill. Renew Financial, founded in 2008 by Cisco DeVries, provides Property Assessed Clean Energy (PACE) financing and multiple other financing products across the U.S., including residential unsecured loans (ReHome) and utility on-bill financing. The company enables property owners to finance the full cost of energy, water efficiency and renewable upgrades and repay via property tax bills. It recently acquired AFC First and EcoCity Partners and partnered with SolarCity to finance medium-sized business solar systems. Renew raised $70M in growth capital and plans to use the proceeds to accelerate the nationwide rollout of PACE programs, loans and other products. The article does not disclose revenues, valuation, or prior round terms.