• Proterra

  Participated · Equity · Jan 2017

  Proterra is a Burlingame, California–based company that develops and produces battery-electric, heavy-duty transit buses aimed at lowering operating costs and emissions for municipal, university, and commercial fleet operators. Its core offering is a line of zero-emission buses supported by in-house battery and charging technologies. To date, the company has sold more than 400 vehicles to 39 transit agencies across 20 states, demonstrating growing market traction. Proterra operates manufacturing facilities in South Carolina and Los Angeles, with research and development centered at its Silicon Valley headquarters. Recent capital infusions are being directed toward expanding production capacity at these plants and accelerating R&D initiatives. Led by CEO Ryan Popple, the firm continues to scale operations to meet increasing demand for clean public transportation solutions. The company most recently secured $55 million in Series 6 funding following an oversubscribed $140 million Series 5 round earlier in the year.

• Generac Grid Services

  Participated · Equity · Mar 2015

  Enbala Power Networks provides a real-time energy-balancing platform that captures and aggregates customer loads, energy storage and renewable energy sources to form a network of continuously controlled energy resources. The platform dynamically optimizes and dispatches these resources to respond to the real-time needs of the power system without impacting customer operations. Led by President and CEO Arthur "Bud" Vos, the company focuses on VPP and DERMS software for grid optimization. The company is based in Vancouver, Canada. Financially, the company completed a second close on its Series B with an approx. $5.5M investment from Zoma Capital, bringing the Series B to $17.5M. Earlier in 2017 it announced a $12M Series B from ABB Technology Ventures, Chrysalix Venture Capital, GE Ventures, National Grid and Obvious Ventures. Enbala Power Networks develops and deploys software that aggregates customer electricity demand along with energy storage and renewable sources to create a continuously optimized network of distributed energy resources. That network can provide real-time grid services such as renewable firming, energy optimization and voltage management, which are typically provided by large centralized generators. Led by President and CEO Bud Vos, the company focuses on using distributed assets to deliver those grid services. Enbala is based in Vancouver, Canada. The company raised $12m in a Series B financing and intends to use the funds to accelerate its capabilities, scope and market presence. The financing is positioned to support product and market expansion. Enbala Power Networks provides a distributed energy resource management system (DERMS) platform that captures and aggregates customer loads, energy storage and renewable sources to form a network of continuously controlled energy resources. The platform dynamically optimizes and dispatches those resources in real time to meet power-system needs without impacting customer operations. The company is led by President and CEO Bud Vos and is based in Vancouver, BC, Canada. Its DERMS is used by utilities and grid operators including New Brunswick Power, PJM Interconnection and IESO. Financially, Enbala received a $3M investment and had raised $11M in equity earlier in the year. The company plans to use the new funds to extend and enhance its technology platform. Enbala Power Networks develops a real-time distributed energy resource management platform that aggregates, controls, optimizes and dispatches distributed energy. The company is led by CEO Bud Vos and is based in Vancouver, B.C., Canada. Its technology is used by customers including PJM Interconnection, New Brunswick Power, IESO and other utilities and grid operators. In March 2015 the company raised $11m in equity financing. Backers included new investors GE Ventures and Edison Energy alongside existing investors Export Development Canada, EnerTech Capital Partners, Sorfina Capital and Chrysalix EVC. Enbala intends to use the funds to extend and enhance its technology platform.

• Optimum Energy

  Led · Equity · Aug 2013

  Optimum Energy offers the OptiCx platform, a suite of software tools that intelligently adjust building temperature and equipment use to cut HVAC energy consumption. The company added features such as free-cooling prediction and machine-learning modules to optimize individual cooling equipment. Its products are deployed at sites including Rockefeller Center, Johnson & Johnson facilities, and the University of Texas, where a case study cites $1.5M annual savings. As of April 2015 Optimum reported it has saved 357,000,000 kWh of electricity across deployments. Financially, an SEC filing shows the company has raised $10.15M in fresh funding and is seeking to raise $20.3M by the round’s close; total funding is reported at around $45M. The company continues expanding its software lineup to add new energy-saving capabilities. Optimum Energy develops software that automatically controls temperature settings to reduce energy use in buildings. Its platform is used to manage heating and cooling across roughly 70 million square feet, including installations such as Rockefeller Center. Columbia University uses the software and saves about $700,000 per year. Optimum says the software can reduce energy consumption by 150 million kW-hours and cut CO2 emissions by over 225 million pounds, equivalent to removing annual emissions from 21,000 passenger vehicles. The company employs about 75 people and did not disclose total funding to date; reporting estimates put cumulative funding at approximately $35 million. CEO Matthew Frey said the Edison investment is "a powerful partnership that will benefit both Edison and Optimum going forward." Optimum Energy develops OptimumHVAC, a software platform that optimizes central chiller plants and other building systems to reduce energy consumption. The company recently announced a Rockefeller Center deployment that boosted chiller-plant efficiency and generated a $557,370 rebate through Con Edison’s Commercial and Industrial Energy Efficiency Program. That project is projected to avoid over 3,000 tons of CO2 annually, the equivalent of taking more than 550 cars off the road. Optimum plans to use new funding to accelerate product development and expand both direct and indirect sales teams, according to CEO Matthew Frey. The company has about 40 employees and has been adding staff and executives as it ramps up sales and marketing. Total disclosed funding now stands at $19 million.

No current team members are available.