The Venture Codex

Participated · Equity · Apr 2026

Blue Energy develops financeable, turnkey nuclear power plants built with offsite prefabrication and standardized delivery compatible with leading reactor technologies. The company plans to compress construction timelines to as little as 48 months and deliver plants designed to be project‑financeable. Blue Energy expects to begin construction on its first Texas project in Q3 2026, a plant designed to provide up to 1.5 GW of power. The U.S. Nuclear Regulatory Commission recently approved its phased construction approach that initially energizes turbines with natural gas before conversion to nuclear. Founded in 2023 and based in Chevy Chase, Md., Blue Energy is backed by VXI Capital, Engine Ventures, At One Ventures, and Tamarack Global and recently raised $380 million to fund long‑lead equipment procurement, project development, and corporate growth.

Led · Equity · Mar 2026

Miraterra develops a soil intelligence platform that integrates geospatial tools, a proprietary soil DNA library, the Digitizer Raman‑spectroscopy device, and AI to translate biological and chemical soil data into actionable insights. The company acquired Trace Genomics’ assets in 2025, bringing additional IP, analytical tools and a laboratory in Ames, Iowa into its operations. Miraterra plans to expand measurement capabilities beyond soil to include plants and food and to scale global operations and partnerships across the agricultural value chain. The company says prior funding supported the launch of its Digitizer device and that its new C$16 million round will accelerate commercial rollout and deepen its AI and data science capabilities. Miraterra positions itself as a provider of high‑confidence, affordable measurement for farmers, food producers and policymakers to support productivity, nutrition and soil health.

Participated · Equity · Mar 2026

MightyFly is an autonomous air-logistics startup that designs, manufactures, and operates fixed-wing hybrid electric vertical-takeoff-and-landing (eVTOL) cargo aircraft. Its dual-use platform can carry 100–500 lb payloads over 600–1,000 mile ranges and make multiple stops on a single route, enabling expedited middle-mile and last-mile deliveries for B2B supply chains and mission-critical defense needs. The company positions its service as faster and more reliable than ground transport while emitting less carbon than conventional air freight. Revenue or user metrics were not disclosed, but the company has raised a cumulative $15 million to date. MightyFly plans to leverage its in-house manufacturing and flight-operations capability to offer turnkey logistics rather than simply selling aircraft. With the new capital, it will expand operational capacity and accelerate technology development. The company is led by founder and CEO Manal Habib and is headquartered in San Francisco, California.

Led · Seed · Dec 2025

Addis Energy is developing a novel geologic ammonia production method that injects nitrogen and water into iron-rich subsurface formations, using natural underground heat and pressure to synthesize ammonia. An AI-aided laboratory of chemical reactors replicates these conditions, allowing the team to test more than 600 rock samples sourced from formations across the United States. By avoiding natural-gas feedstock and the extreme conditions of Haber-Bosch, the process promises a net energy-positive, zero-emission route to ammonia at a significant cost advantage. This innovation targets a market where 70 % of ammonia becomes fertilizer and demand is projected to rise 25 % within five years. The company’s approach could reduce both energy consumption and carbon footprint, providing a domestic alternative in a supply-constrained U.S. market. Cambridge, Massachusetts-based Addis plans to expand its operations team, finish nationwide geological mapping, and move toward its first field pilot. The startup has secured $17.3 million in total funding, including a newly raised $8.3 million seed round.

Participated · Series A · Oct 2025

Bettani Farms, recently rebranded from Climax Foods, is a Berkeley-based food-technology company focused on creating dairy-free cheeses. Its products—including mozzarella and feta—are built on a proprietary ingredient called Caseed, designed to mimic the functional properties of casein while remaining completely plant-based. The company positions its cheeses as protein-rich and free of common allergens such as nuts and soy. To strengthen execution, Bettani Farms has added industry veterans: former Califia Farms CFO Sandeep Patel now serves as CEO and chairman, while new senior hires span R&D, sales, and process engineering. The fresh leadership aims to accelerate product development and commercialization. Although specific revenue or user metrics were not disclosed, the firm plans to deploy new capital to expand operations and intensify R&D efforts, signaling a focus on scaling production and market reach.