• Fervo Energy

  Participated · Series E · Dec 2025

  Fervo Energy develops next-generation geothermal power using innovations in horizontal drilling, fiber-optic sensing and advanced reservoir engineering to make geothermal scalable and competitive. Its flagship Cape Station project in Beaver County, Utah is slated to deliver first power to the grid in 2026, reach about 100 MW of operating capacity by early 2027 and has plans to scale to 500 MW. Cape Station is fully contracted through power purchase agreements with Southern California Edison, Shell Energy and community choice aggregators. The company secured long-term non-recourse project financing for the first phase of Cape Station to fund remaining construction costs and meet counterparty credit support requirements. Fervo positions its technology and commercial contracts as enabling Enhanced Geothermal Systems to be treated as a bankable, utility-scale infrastructure asset.

• Sika Health

  Participated · Seed · Apr 2022

  Sika operates a marketplace that lets customers use pre-funded Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) to buy qualified wellness and health products directly at point-of-sale. The platform handles regulatory qualification and substantiation, employs legal and medical experts, and partners with a team of doctors to provide consultations and approvals when needed. Sika says vendors listed on its marketplace see average customer spend increase by 55% per order and that it partners with major FSA/HSA issuers covering over 20 million customers. The company takes liability for transactions and removes reimbursements/receipt hassles for vendors by enabling direct purchases. Sika has 10 employees and claims to reduce friction that leaves an estimated $25 billion in FSA/HSA funds unspent annually (about $8 billion of FSA funds expire each year). The company plans to eventually expand into helping consumers spend healthcare plan (insurance) dollars, viewing HSA rules as analogous to insurance claims processes.

No current team members are available.