Participated · Seed · Jul 2026

EELI Technology develops modular, field-deployable electrochemical systems designed to recover lithium and other critical minerals from low-grade or chemically complex sources. The team, led by founder Mert Akin, Ph.D., has its technology roots in programs such as Activate and Cyclotron Road at Berkeley Lab. EELI recently closed an oversubscribed $2 million pre-seed round to accelerate commercialization and expand operations. Over the next 18 months the company plans to build commercial-scale pilot systems, expand its Hayward, California technology development and manufacturing facility, and prepare for initial U.S. customer-site deployments. EELI has also received support from the California Energy Commission and the U.S. Department of Energy as it moves from research to commercial pilots.

Participated · Series A · Mar 2026

Ateios Systems develops RaiCure™, a curing technology for lithium-ion battery electrodes that replaces slow, energy-intensive thermal curing and avoids PFAs. The RaiCure technology was developed in collaboration with Oak Ridge National Laboratory. The company aims to scale its electrode production and supply battery manufacturers at commercial scale by embedding its solution into existing production lines. Ateios has active commercial partnerships with companies including Eastman Kodak and Vianode and plans to use new funding to increase production capacity and manufacturing capabilities. Its recent $7.25M Series A follows earlier support including a million-dollar investment from the TitletownTech Start-up Draft and participation in ORNL’s Innovation Crossroads program.

Led · Equity · Mar 2026

Imperium Technologies is an Austin-based cleantech company focused on modernizing industrial steam infrastructure. Its flagship offerings are InteliTrap®, a patented smart steam trap, and SteamView®, a cloud monitoring and analytics platform that provides real-time insight into steam system performance. By merging intelligent hardware with AI-driven software, the firm enables chemical, food-processing, and manufacturing plants to detect steam trap failures earlier, cut energy losses, and curb greenhouse-gas emissions. Steam accounts for 37 % of U.S. industrial fossil-fuel consumption, and Imperium’s technology targets this large, under-digitized segment. The company positions its solution as delivering a “triple win” of lower emissions, reduced operating costs, and improved equipment reliability. Newly raised capital will fuel commercialization efforts, broaden market reach, and enhance SteamView’s analytics capabilities. No revenue or user figures were disclosed in the press release.

Participated · Seed · Feb 2026

Derapi builds the connective software infrastructure that allows distributed energy resources (DERs) to plug into grid programs through a single, standardized API. Its platform offers secure data access, device control, and authorization, turning fragmented devices into coordinated grid-scale assets for utilities, virtual power plant operators, and energy software providers. The company is led by veterans from EnergyHub, Enphase, AutoGrid, and Proterra who aim to eliminate integration complexity in the rapidly expanding DER ecosystem. Customer feedback, including from Uplight, indicates that Derapi dramatically shortens the time required to onboard new battery partners. With electricity demand rising and grid reliability under pressure, Derapi positions itself as the trusted interoperability layer that unlocks flexibility and resilience. The newly secured funding will expand the team and support connectivity for millions of smart energy devices across the United States. Although the company has not disclosed revenue or user numbers, its focus is on scaling adoption of its universal integration layer among energy innovators.

Participated · Equity · Apr 2022

Recurrent is a software-only platform that analyzes EV battery health and produces standardized battery-health scores for consumers and dealerships. It ingests data from thousands of EVs daily and normalizes for driving behavior, charging patterns, and weather to enable apples-to-apples comparisons between used vehicles. Its battery health scores are displayed on consumer sites such as Edmunds.com and Cars.com, and the platform has attracted over 20,000 drivers. Recurrent’s mission is to give used EV buyers clearer insights into range dynamics and how batteries degrade over time. Founded in 2020 and based in Seattle, the company plans to bolster its used EV battery reporting capabilities following a recent fundraise. The startup reports a remarkable revenue surge and the CEO forecasts a tenfold expansion in the used EV sector over the next five years. Recurrent provides comprehensive EV battery reports that display Excellent/Good/Fair ratings and quantify a vehicle’s current range relative to its original range. Its reports are used by dealers, wholesalers and individual buyers to add transparency to the pre-owned EV market. The company says the new funding will be used to scale its product and further enhance features for corporate clients and EV owners. Recurrent has begun partnerships to deploy its ratings on dealer lots and in digital wholesale auctions. Del Grande Dealer Group will feature Recurrent ratings across its 19 rooftops, and a large used-auto wholesale auction provider will add ratings to its digital auctions. Recurrent was founded in 2020 and is headquartered in Seattle. Recurrent provides third-party battery life and range reports to help buyers evaluate used electric vehicles. The startup collects real-world driving data from contributors and has nearly 3,000 EV drivers contributing data and has collected nearly 6 million individual data points. Recurrent launched in September as a spinout of Pioneer Square Labs and is led by co-founders CEO Scott Case and CTO Kyle Rippey. It has 11 employees and in December raised a $3.5 million seed round. The company is building what it describes as the largest real-world database of EV ranges and plans to expand contributor recruitment and validate vehicle battery data against hands-on diagnostics. The business benefits from rising used-EV prices — Recurrent reports used EV prices increased by about $1,500 on average over the past two months. Recurrent builds third-party battery condition reports for used electric-vehicle shoppers and monthly battery-analytics reports for EV owners. The company collects its data from roughly 2,500 volunteer EV drivers who use the Recurrent service. Recurrent says its product helps bring transparency to the growing used-EV market by verifying battery life and range. The startup will use the new financing to invest in continued product development as it refines its condition reports and battery analytics. Investors emphasized market timing given rising used-EV sales and favorable policy tailwinds for EV adoption.