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Constellation Technology Ventures

100 Constellation Way, Baltimore, MD, 21202, United States

Overview

Constellation Technology Ventures (CTV) is the venture investing organization within Exelon Corporation, the nation’s leading competitive energy provider. CTV invests in companies representing innovative energy technologies and business models, building a portfolio that represents a broad range of development stages and technology types. CTV catalyzes growth for its portfolio companies by providing equity capital, management expertise and connectivity to the broad and diverse Exelon commercial enterprise.

Total investments
38
Lead investments
8
Investments · 12mo
4
Active investors
9

Sector focus

  • Energy
  • Enterprise Software
  • Venture Capital
  • Video
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Investment portfolio

  • Adaptive Innovations

    Participated · Series A · Jun 2026

    Adaptive Innovations builds an AI-native operating system and clinical services platform for home healthcare that automates medical intake, scheduling, charting, compliance, and billing. The company reports it has delivered over 100,000 patient visits across Texas hospital networks and has reduced clinical rehospitalization rates to 4.9 percent. It also says practitioner documentation timelines have been reduced by roughly 80 percent. Leadership is led by Co-CEOs Alex Wendland and Logan Stinson, CTO Ryan Tolsma, and COO Hunter Stinson. Financially, the company has raised $60M to date, including the recent $50M Series A. Planned uses of the new capital include expanding engineering and operations headcount, accelerating software development, and entering new state markets.

  • Tokaido Health

    Participated · Equity · May 2026

    Tokaido Health provides AI-native medication steerage anchored in behavioral economics to counter incentive distortions in medication sourcing and administration. Its platform offers site-of-care steerage, biosimilar substitution, formulary optimization, and polypharmacy reconciliation, paired with loss-framed incentives to encourage members to switch to lower-cost options. The company layers its concierge services on top of existing benefits ecosystems and manages the operational work to make switching effortless for members. The announcement named the founding team and advisors and stated the company is hiring technical, clinical, operations, and sales staff. Tokaido disclosed $25 million committed from a group of investors to support building and scaling its product and team.

  • Disa

    Participated · Equity · Apr 2026

    DISA develops and deploys its patented High-Pressure Slurry Ablation (HPSA) platform to liberate and recover critical minerals and remediate legacy uranium sites. The company has commissioned commercial-scale HPSA units at multiple global mining sites and reports more than 100 abandoned uranium mine sites under contract for remediation. In September 2025 DISA received a first-of-its-kind NRC license that enables remediation of AUM sites across the United States. The company plans to begin remediation projects later in 2026, including projects on the Navajo Nation and at a federal site covered by its NRC license. DISA says the technology is designed to offer faster, cleaner, and more efficient mineral liberation and recovery. Founded in 2018, DISA is based in Casper, Wyoming, with a satellite office in Westminster, Colorado.

  • GridBeyond

    Participated · Equity · Mar 2026

    GridBeyond develops hardware and software to coordinate distributed energy resources—solar, wind, batteries, hydropower—and flexible industrial and commercial loads to operate as virtual power plants. The company manages approximately 1 gigawatt of generation and storage and several gigawatts of demand-side flexibility, including a 200-megawatt battery installation in California. GridBeyond’s controllers and software are deployed across sites in Australia, Ireland, Japan, the UK, and the United States. Its platform enables rapid response and market participation, allowing batteries and flexible loads to perform grid balancing and power arbitrage. The company is using the newly raised €12 million equity to expand its portfolio of managed assets and deployments.

  • SWTCH

    Led · Series B · Jun 2025

    SWTCH Energy builds and supplies EV charging units and management software (SWTCH Cortex) aimed at multifamily buildings and commercial properties. The company is pursuing North American expansion, targeting larger commercial opportunities and faster project deployments. Recent financing is being used to boost inventory levels and provide working capital to accelerate rollouts. SWTCH is also investing in AI-driven network monitoring for its charging solutions. The company was selected to supply EV charging infrastructure and software to the city of Richmond, Virginia, demonstrating commercial traction in municipal contracts. Its current financial position includes a new credit facility plus a recent strategic investment to support growth and technology development. Swtch Energy provides EV charging solutions and an advanced charging product called Swtch Cortex, targeting multifamily, commercial, and workplace properties. The company leverages existing grid infrastructure and a partnership network to help building owners and operators deploy charging in multi-tenant buildings. It plans to use recent funding to accelerate AI-driven network monitoring, load management, and continued development of Swtch Cortex. Swtch was recently selected by Greystar to manage 2,500 charging stations across 136 Greystar properties in Washington state. The company is led by CEO Carter Li and operates from Toronto, Canada. Its Series B has been expanded to $31.2M following the latest investment. SWTCH Energy builds EV charging solutions for multi-tenant and multifamily buildings across North America. Its core offering combines turnkey EV charging hardware with integrated energy management software, notably SWTCH Control, which provides visibility into building electrical loads and lets owners install and manage up to ten times more chargers on existing infrastructure. The company targets deployment challenges including upfront costs, limited electrical capacity, and charger reliability for new and aging multifamily properties. SWTCH has grown its charging network tenfold since its Series A and is headquartered in Toronto with offices in Brooklyn and Boston. With new capital, SWTCH plans to accelerate deployments in multi-tenant buildings, advance SWTCH Control using machine learning and AI, and expand integrations with industry software to improve experiences for property managers and tenants. The company is positioning itself to meet growing demand as EV sales rise and building codes increasingly require properties to be EV-ready. SWTCH delivers EV charging hardware, software-based energy management, and a charging-as-a-service offering tailored to multi-family buildings, lowering financial and technical barriers to charging where hardware upgrades can be costly. The company integrates clean fuel standard credits, charging infrastructure incentives, and ancillary service market participation into its core offering to reduce operational costs and eliminate upfront capital requirements for property owners. SWTCH reports charging systems installed in 200 multi-family buildings (about 75% of its stations deployed in multi-family locations and roughly 50% of sites classified as low-to-moderate income). By the end of 2022 the company expects to manage 5,000 charging ports in over 900 locations across all 50 U.S. states and 10 Canadian provinces, with over half of those ports in low-to-moderate income multi-family buildings. Headquartered in Toronto with offices in Brooklyn and Boston, SWTCH is participating in the Clean Fight accelerator and is working with partners to deploy chargers in LMI communities. The company aims to scale deployments across North America to accelerate equitable EV adoption in market-rate and low-to-moderate income communities. SWTCH Energy develops open standards-based EV charging hardware and software combined with distributed energy resource aggregation to improve grid efficiency. Its platform includes scheduling and reservation systems to optimize charger usage and revenue, vision-AI enforcement to prevent loitering in EV spaces, and battery energy storage integration with load management to minimize infrastructure upgrade costs. The company targets urban multi-family settings and sells to real estate developers, building operators, and property managers. SWTCH plans to expand its product and service offerings to metropolitan areas across North America following the financing. As of this round the company has raised C$3.5M in equity, grants, and non-dilutive funding. SWTCH was founded in 2016 and is a MaRS Cleantech company and graduate of CSI Climate Solutions, Communitech Fierce Founders, and the DMZ Sales Accelerator.

Team

  • Cliff Friedman

    Managing Director & Founding Partner

    LinkedIn
  • Jorge Acevedo

    Senior Vice President

    LinkedIn
  • Lars M. Berg

    Operating Partner- Europe

  • John D. Rosanelli

    Analyst