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 · Jan 2026

XFuel develops a single-step Chemical Liquid Refining (CLR – CLEAR) process that converts waste hydrocarbon liquids into ultra-clean, drop-in transport fuels aimed at the shipping sector and other hard-to-abate industries. The company is building a modular production plant in Catalonia designed to process 16,000 tonnes of marine waste oils into 14,000 tonnes of low-carbon marine gas oil using waste-based feedstocks. XFuel says the waste-derived feedstocks and process will significantly reduce the carbon footprint of produced fuels. The Catalonia facility is intended as a flagship demonstration of commercial viability and infrastructure compatibility for drop-in low-carbon fuels. The company secured a €4.1 million competitive grant—the second-largest award under the programme—to support the project, which company leadership frames as validation of its technology and commercial credibility. The project also aims to contribute to local economic regeneration in communities facing nuclear plant closures.

Participated · Equity · Nov 2023

Ole is an on-demand app that lets customers browse and purchase designer clothing from nearby luxury stores—including Miu Miu, Acne Studios, Isabel Marant, Fleur du Mal and Lisa Yang—with guaranteed delivery in 50 minutes. Its Try At Home service lets users receive multiple sizes, try items at home while messengers wait up to 15 minutes, and return unwanted items immediately. Ole charges a $5 delivery fee and takes a 25% commission from retail partners; average order value is $450 and about 40% of users are repeat customers. Messengers deliver by bicycle to promote sustainability, are vetted for service and interest in fashion, half the delivery team are women, and Ole says it pays them above market rates. Founded in 2021 and currently operating only in New York City, Ole plans U.S. and European expansion in 2024 and product enhancements including live chat and AI-powered personalized recommendations. The company says it will use the new capital to further develop the product and partner with more brands to expand its offering.