Participated · Series A · Aug 2024

Power to Hydrogen develops AEM (anion exchange membrane) electrolysis technology that converts renewable electricity and water into high‑pressure hydrogen using earth‑abundant materials. Its core product enables high current density and high‑pressure green hydrogen production while meeting industry durability requirements. The company is completing development of an industrial‑scale electrolysis stack and system for what it calls the largest AEM electrolysis stack installment in the world. Funding will support global expansion of R&D, manufacturing, sales, and marketing and growth of its U.S. team in Columbus, Ohio, plus new offices in Belgium. Rev1 Ventures and corporate partner Worthington Enterprises are backing the company, and Rev1 provides strategic services and customer collaborations alongside capital. To date Power to Hydrogen has secured over $18MM in total funding to advance commercialization of its technology.

Led · Series B · Jul 2024

Naked Energy develops the Virtu product range of high-density solar thermal and solar PVT systems that generate renewable heat and, in the case of VirtuPVT, both heat and electricity from the same rooftop footprint. The company also builds digital tools for system design, monitoring and performance optimisation to support deployment across commercial, industrial and public-sector buildings. It holds more than 20 patents and emphasizes low-profile panels that increase usable roof-area compared with conventional tilted solar panels. Naked Energy has delivered projects at notable UK sites such as the British Library and the All England Lawn Tennis Club, Wimbledon, and is active across Europe and North America. Founded in 2009, the company is scaling manufacturing capacity in the UK following prior fundraising, including a €6.12 million Series A in 2019 and a €19.8 million Series B in 2024, to support international growth and export opportunities.

Participated · Equity · Apr 2024

Tree Energy Solutions (TES) develops e-NG, a hydrogen-based renewable molecule chemically identical to natural gas created by combining green hydrogen with biogenic or recycled CO2. TES produces green hydrogen using solar and wind in low-cost regions, then synthesises e-NG that can be transported and stored using existing infrastructure. The company is building a green energy hub and import terminal in the port of Wilhelmshaven, Germany, to facilitate imports of natural gas and e-NG, export CO2, and produce green hydrogen and power. TES has formed strategic partnerships with major energy companies including TotalEnergies, Osaka Gas, Toho Gas, Tokyo Gas, Fortescue, and ADNOC to assemble a pipeline of large-scale projects across North America, the Middle East, Australia, and Europe. The company recently closed a third fundraising round of €140M from financial institutions and energy investors to advance its upstream and downstream e-NG projects internationally. Management says the newly raised capital will be used to develop its global portfolio of large-scale e-NG production projects and the Wilhelmshaven import terminal. Tree Energy Solutions develops green hydrogen solutions that use CO2 as a carrier to import hydrogen in the form of renewable natural gas and return captured CO2 to the supply location in a closed-loop system. TES focuses on industrial-scale green hydrogen production and import terminals, with first deliveries to its Wilhelmshaven terminal expected by 2026. In an initial phase TES and Fortescue plan to supply 300,000 tons of green H2, and the projects are expected to produce sufficient renewable energy to meet the needs of 1.5 million households. The company plans global deployment with an initial focus on Australia, Europe, the Middle East, and Africa. TES positions itself as a bankable, scalable hydrogen player aimed at accelerating the energy transition. Tree Energy Solutions develops infrastructure to import and move large volumes of hydrogen into Europe, aiming to transfer solar energy from regions with abundant sun to European markets. The company is planning a "green energy hub" at the German North Sea port of Wilhelmshaven that will initially receive LNG and later switch to green hydrogen and synthetic methane (with possible inclusion of blue hydrogen). CEO Marco Alverà, the former head of Italian gas network Snam, has articulated plans to source renewable energy from places such as Chile, Australia and Texas and deliver it to Germany and other parts of Europe. The Financial Times reports the company has attracted significant investor interest, with investors contributing €65 million and placing the company's valuation at around €700 million. Management has publicly urged the EU to avoid past subsidy mistakes that enabled China to dominate solar manufacturing, arguing for mindful policy as imports scale.

Participated · Series C · Apr 2019

Sight Machine provides an analytics platform purpose-built for discrete and process manufacturing, using artificial intelligence, machine learning and advanced analytics to address quality and productivity challenges across the enterprise. The solution creates AI-enabled digital twins of the entire production process to enable continuous improvement in productivity, quality and profitability. Its platform is optimized to run on major cloud providers including Microsoft Azure, Google Cloud Platform and AWS. The company serves Global 500 customers and large enterprises across automotive, food and beverage, packaging, and pulp and paper sectors. The business is led by CEO and co-founder Jon Sobel and is based in San Francisco, CA. No financial metrics or revenue figures were disclosed in the article. Sight Machine is a San Francisco-based digital manufacturing platform led by CEO Jon Sobel. Its analytics platform uses artificial intelligence, machine learning and advanced analytics to address quality and productivity challenges across the enterprise. The solution is optimized to run on major cloud platforms including Microsoft Azure, Google Cloud Platform and AWS, and the company partners with system integrators such as Fujitsu, consultancies, and E.ON. Sight Machine stream-processes and continuously analyzes manufacturing data across North America, Europe, Asia and Australia. Global 500 companies in the automotive, food and beverage, and pulp and paper sectors use the platform, including Nissan Motor Co., Heineken N.V. and Westrock Co. The company announced a $29.4M Series C in April 2019. Sight Machine offers an end-to-end big data platform built specifically for manufacturing that transforms process, parts, and people data into real-time production, quality, and supply chain insights. The platform provides retrospective analysis of product variation and failures, predictive analytics to support process improvement, and benchmarking at contractor, factory, line and tool levels. Enterprise customers include auto OEMs and Tier One suppliers, a major consumer brand, and global leaders in pharmaceuticals, medical devices and industrial materials. Early results cited include detecting and eliminating five times the quality defects for a Detroit Three automaker, reducing asset downtime by more than 50%, and improving asset performance by 25% over a one-month period. Sight Machine will use the Series B proceeds to expand its sales and marketing efforts and continue technology development. Investors and partners such as GE Ventures framed the company as central to the digital transformation of manufacturing and the realization of the "brilliant factory." Sight Machine develops a cloud-based manufacturing analytics platform that captures, processes, and analyzes the torrent of structured and unstructured sensor and machine data generated on the factory floor. The platform delivers real-time reporting of quality problems, retrospective analysis of product variation and failures, predictive analytics for process improvement, and defensive recordkeeping. Sight Machine targets global manufacturers with complex operations and supply chains that are adopting Industrial IoT. Customers include a major automotive OEM and one of the world’s largest apparel manufacturers. The company operates offices in San Francisco, southeastern Michigan, and Asia and plans additional hiring across those locations. Sight Machine will use the proceeds from its recent venture round to fund ongoing technical and market development efforts.

Participated · Series B · Feb 2019

Vinli operates a vehicle data intelligence platform that aggregates and analyzes connected-car data for automakers, large fleets, and transportation providers. The company launched in 2014 via TechCrunch Startup Battlefield as a direct-to-consumer business and has since shifted its focus toward B2B data services. With the new capital it plans to broaden mobility services and integrations and to expand offerings for electric mobility and fleets. Vinli has engaged energy company E.ON to examine the electric-vehicle market as part of that effort. Financially, the company closed a $13.5M Series B that brings total funding to more than $20M. CEO Mark Haidar says Vinli aims to make it easier for partners to access smarter data intelligence and to help those partners scale. Vinli builds a small OBD‑II plug‑in device and an open software platform that links a driver’s smartphone to car data via Bluetooth, enabling a suite of third‑party apps and services. The company says about 1,000 developers have built for the platform, it expects to launch with 20 apps in August, and roughly 120 more apps are in development. Vinli is manufacturing its devices, running an Indiegogo pre‑order campaign, and plans to ship by the end of August while pursuing retail distribution. The product lineup was simplified—Vinli dropped a $50 option, cut the $150 unit to $100, and is upgrading earlier $50 preorders to the newer model. The company has a T‑Mobile partnership to provide wireless connectivity and is in talks with a major retailer for a third‑quarter launch. Vinli raised $6.5 million in a Series A and will leverage new investor relationships to accelerate market entry and distribution.