Participated · Series C · May 2026

Utilidata develops the Karman platform which provides dynamic power orchestration for AI data centers by embedding real-time visibility and control directly into power distribution equipment to generate stranded capacity. The solution is built on a custom NVIDIA Jetson Orin Nano and the company has experience embedding its technology into smart meters to bring real-time visibility and power-flow control to the electric grid. Led by CEO Josh Brumberger and based in Ann Arbor, Michigan, Utilidata is pursuing commercialization with hyperscalers and the data center market. Financially, the company completed a Series C totaling $100M after a $60.3M tranche in April 2025 and a $40M extension in May 2026. The May 2026 funds are intended to help consolidate its market position and scale deployments with large cloud and data center customers.

Participated · Series C · Sep 2025

PassiveLogic is a Salt Lake City–based pioneer in “physical AI” that reimagines how buildings and infrastructure are designed, operated, and optimized. Its flagship product, Hive, is a real-time decision engine powered by an on-site GPU cluster that unifies control of HVAC, energy, logistics, and other building functions. By combining physics-informed digital twins with generative AI, the platform enables millisecond-level decisions for asset tracking, dynamic energy management, predictive maintenance, and adaptive environmental control. Complementary offerings include Sense Nano wireless sensors that capture real-time occupancy and environmental data, and Quantum Lens, a smartphone app for creating building digital twins. Acting as a “robot-of-robots,” PassiveLogic orchestrates sensors, IoT devices, and automation systems across environments ranging from data centers to hospitals. The company estimates a $1.3 trillion global market for Autonomous Buildings and targets the 40 % of global carbon emissions generated by buildings. Following its latest raise, PassiveLogic has secured more than $125 million in total funding to accelerate worldwide deployment of its platform.

Participated · Equity · Sep 2024

David Energy is a technology-driven retail energy provider led by CEO James McGinniss with a mission to run the grid on clean energy 24/7/365. The company builds a network of connected devices that respond to fluctuations in clean energy generation in real time. It operates two business lines and currently serves residential electricity customers in Texas and multi-unit business owners in New York, New Jersey, Massachusetts, and Texas. David Energy plans to use new funding to continue scaling both business lines in its active states and to begin expanding across the Northeast and Mid-Atlantic. Since its launch in 2019 the company has raised a total of $50M from venture capital and strategic investors. David Energy offers a software-driven retail electricity platform that integrates with customer devices (smart thermostats, EV chargers, backup generators, batteries, and solar) to analyze and control demand in real time. The platform leverages distributed energy resources directly into electricity markets to buy and deliver power more efficiently than incumbent providers and shares savings with customers. David positions its product to reduce costs, avoid outages, and lower reliance on carbon-intensive peaker plants while introducing transparency and modernity to a traditionally opaque industry. The company has been operating as a retail energy provider in New York, New Jersey, and Massachusetts and has submitted an application to expand into Texas. Financially, David Energy recently closed a $20.5 million Series A to scale its offerings. The company plans to use the capital to rapidly scale its SMB offering in New York, expand services into Texas, and launch a beta residential product in both markets. David Energy operates a software platform called Mycor that leverages building demand data and on-site assets to shift energy use to times when renewable power is most available and cheapest. The company bundles its energy-management software with a market energy supply contract, selling energy to customers at a fixed price and capturing margins from differences in wholesale pricing. To underwrite customer purchases, David obtained a $15 million monthly revolving credit facility from Hartree Partners that provides working capital to buy power upfront. The startup also raised $4.1 million in venture financing led by Equal Ventures, alongside Operator Partners, Box Group, Greycroft, Sandeep Jain, Xuan Yong, Kiran Bhatraju and Jason Jacobs’ My Climate Journey Collective. David holds retail electricity licenses in New York, New Jersey and Massachusetts and says it plans to expand around the country. The company previously raised $1.5 million in a pre-seed round in March 2020. David Energy has developed a proprietary machine-learning Energy Operating System that streamlines wholesale energy purchasing, reports sustainability metrics, and optimizes distributed energy resources such as smart thermostats, battery storage, and solar for commercial and industrial buildings. The platform is designed to give building owners and operators control and visibility over energy supply contracts while integrating customer resources into energy markets. The company takes a flat SaaS fee rather than a large markup on procured power to align incentives with customers. David Energy acquired R3 Energy Management prior to the Pre-Seed fundraise and leverages that team and technology as part of its offering. Founders James McGinniss (CEO), Brian Maxwell, and Ahmed Salman (CTO) bring experience in energy management, automation, and renewable project development. The company positions itself to help customers source cleaner energy and comply with new regulations such as New York’s Climate Mobilization Act.

Led · Equity · Apr 2024

Infogrid provides an AI-powered building intelligence and analytics platform that helps landlords and occupiers identify inefficiencies, reduce energy consumption, and lower carbon emissions. The platform also supplies high-quality data to support sustainability reporting and compliance with emerging disclosure rules. Infogrid positions its product as a tool for maintaining investor and market access by demonstrating ESG commitments. The company is trusted by customers including Hilton Worldwide, Bridge Commercial Real Estate, and Invesco. Leadership changes include the appointment of climate tech leader Kate Henningsen as CEO and the addition of four experienced board members. Infogrid was recently ranked among the top 10 global tech companies leading action on climate, and the new funding is intended to scale its real estate decarbonisation solutions. Infogrid offers an AI-powered platform that ingests data from an ecosystem of IoT sensors to track occupancy, air quality, cleaning needs, energy usage and CO2 levels, providing context to help property managers optimize buildings. The company says its AI is trained on user feedback and the large volume of signals it collects — nearly 4 billion data points per month, up from 500 million a year ago. Infogrid plans to use new capital for product development, strategic hires and customer acquisition as it scales. CEO William Cowell de Gruchy, who founded the company in 2018, cites 5x growth last year and regulatory and sustainability tailwinds driving demand. The startup serves major commercial real estate services companies but declines to disclose revenue; it has roughly a 250-person headcount. Infogrid competes with players such as BrainBox, Sidewalk Labs’ Mesa, Facilio and Buildings IOT, and often partners with or differentiates from these vendors by offering occupancy and air-quality context alongside other building data. Infogrid provides an end-to-end smart building system that retrofits existing buildings with IoT sensors combined with proprietary AI analysis. The platform is used to improve facilities management for large FM providers, including global banks, supermarkets, restaurant chains and the NHS. Its sensors can detect refrigerated products outside required temperature ranges, measure air quality, and check for virus-risk indicators such as Legionnaires' disease in water pipes. Infogrid positions itself with an impact-style mission to reduce the environmental and social costs of buildings while improving clients' bottom lines and asset values. The company has attracted institutional capital and attention as a solution to digitize a traditionally low-tech facilities management sector. Infogrid is led by founder and CEO William Cowell de Gruchy, a former British Army officer.

Led · Equity · Mar 2024

Sealed is a residential energy efficiency startup based in New York that provides software and solutions to contractors to accelerate home weatherization and electrification projects. The company recently launched Sealed Pro, a software platform focused on accelerating home energy improvement and electrification projects and initially focused on securing rebates for contractors. Its product suite includes a one-stop rebate solution, investment-grade energy savings predictions, customer qualification and education tools, and data and analytics for contractors. Sealed also acts as an aggregator for utility and government incentives, handling rebate processing and payments on behalf of contractors and enabling participation in measured savings and Virtual Power Plant (VPP) programs. The company raised $30M in funding and is using the proceeds to expand operations and development efforts. Sealed is led by co-founder and CEO Lauren Salz. Sealed provides end-to-end design, management, and financing of home weatherization and electrification upgrades, including insulation, air sealing, smart thermostats, lighting, and heat pump HVAC. After a remote home assessment Sealed prescribes the right combination of improvements and covers upfront costs, with a payment program based on actual energy reductions so the company is accountable for impact. The company says resulting efficiencies can cut energy use by as much as 50% and enable taking homes completely off fossil fuels. Sealed grew 350% from 2020 to 2021 and has expanded beyond New York State into Connecticut, New Jersey, the Philadelphia metro area and recently the Chicago metro area as it pursues national expansion. Management says surging homeowner interest positions the company to scale to millions of American homes. Sealed was founded in 2012 and is based in New York City. Sealed is an NYC-based home wellness company that empowers home heating and cooling with upgrades such as insulation and HVAC technology. The service matches homeowners with the right contractor, covers upfront costs, and gets paid if a house saves energy. Its performance-based financing is built on a patent-pending machine learning algorithm that uses real usage and consumption data to predict energy use and savings. Founded in 2012 by Lauren Salz (CEO) and Andy Frank (president), Sealed has partnerships with all major New York utilities, including Con Edison, Orange and Rockland Utilities, National Fuel Gas, Central Hudson Utilities, NYSEG and RG&E. The company intends to use the funds to accelerate nationwide expansion, beginning with launches in New Jersey and Connecticut and additional market entries over the next year focused on areas with older homes and extreme weather. Greg Smithies of Fifth Wall joined Sealed's board as part of the financing.