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The Venture Codex

Piva Capital

4 Embarcadero Center, Suite 3950, San Francisco, California, 94111, United States

Overview

Piva is a venture capital firm investing in visionary entrepreneurs and emerging technology companies that bring new software and hardware solutions to the world’s industrial and energy markets. It is investing its first $250M Fund I in disruptive energy and industrial companies across North America and Europe.

Total investments
27
Lead investments
13
Investments · 12mo
2
Active investors
5

Sector focus

  • Energy
  • Financial Services
  • Industrial
  • Software
  • Venture Capital
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Investment portfolio

  • Plantible Foods

    Participated · Equity · Aug 2026

    Plantible Foods produces functional ingredients derived from Lemna, also known as water lentils, and its flagship product Rubi Protein is a complete plant protein containing all nine essential amino acids and vitamin B12. The company operates a commercial production facility in Eldorado, Texas (Ranchito facility) and plans to expand that site by adding up to 50 commercial greenhouses. The planned expansion is expected to raise annual production capacity to more than 1,000 metric tons. Plantible says the increase in capacity will help meet rising customer demand and support additional jobs, contractors and suppliers in Schleicher County. Since establishing its commercial facility, the company has invested in local operations, engineering and research roles. The company’s recent financing includes a $25 million USDA OneRD Business & Industry Guaranteed Loan closed with X-Caliber Rural Capital.

  • Lunar Energy

    Participated · Series D · Feb 2026

    Lunar Energy builds an ecosystem of all-electric residential products, anchored by its proprietary home battery hardware and Gridshare optimization software that turns households into nodes of a virtual power plant. The company’s AI platform manages distributed energy resources, allowing utilities and homeowners to shift and store power intelligently. To date, Lunar Energy has deployed thousands of battery systems in California and remotely manages approximately 650 MW of devices worldwide. Its technology underpins several Sunrun-led power plant projects in Hawaii, Puerto Rico, and New England. Fresh capital from its latest rounds brings total new funding to $232 million, positioning the firm to accelerate U.S. hardware rollouts and expand its software footprint. Headquartered in Mountain View, California, the company is led by founder and CEO Kunal Girotra and continues to target affordable, green, and reliable home electrification.

  • Planted Solar

    Led · Equity · Jul 2025

    Planted Solar offers an integrated hardware-and-software platform that generates optimized layouts, energy models, and engineering drawings while pairing terrain-following, high-density arrays with automated installation tools. Its system claims to cut land use roughly 50%, enable slopes up to 27%, use 70% less steel, and deliver projects about twice as fast, producing roughly 30% lower cost of energy. The platform targets developers, EPCs, and independent power producers to unlock sites previously infeasible due to grading or land constraints. Founded in 2020 and operating projects across the U.S., Planted is also ramping activity in Asia-Pacific and Europe. With this funding, the company intends to accelerate development of both its digital and hardware solutions, expand deployment capacity, and form strategic partnerships globally. The product focus is on improving project economics and shortening time to power amid surging U.S. solar demand and deployment challenges. Planted Solar sells a rapid solar power plant deployment platform that integrates development software, high-density terrain-following arrays, and construction robots. The company emerged from stealth and announced 11 MW of projects in the Chicago metro area in partnership with Cultivate Power. Its high-density arrays produce roughly 2x more energy per acre with a 2-acre-per-MW footprint and can be built on slopes up to 27%, avoiding grading. Planted Solar says its approach cuts balance-of-system costs by about 50%, reduces installation hours, and enables project throughput and completion times roughly 3x faster. The company has raised $20 million in Series A funding from Breakthrough Energy Ventures and Khosla Ventures and received a U.S. Department of Energy Solar Energy Technologies Office award to support commercial launch and scale-up. Those funds and awards are being used to commercialize and scale the integrated hardware-software-robotics product and expand deployments. Planted Solar is headquartered in Oakland, California. Planted Solar develops a novel ground-mounted photovoltaic (PV) system along with balance-of-system components and an installation methodology aimed at utility-scale projects. The technology is intended to enable highly automated, rapid installation of solar arrays. Its design aims to lower the levelized cost of electricity, reduce land-use competition, and increase siting flexibility. The company was selected for federal support to demonstrate and validate the system at scale. Planted Solar’s project focuses on commercialization pathways to accelerate deployment and strengthen the solar supply chain. The team says the work will support next-generation solar manufacturing and installation practices.

  • VEIR

    Participated · Series B · Jan 2025

    VEIR designs superconducting power-delivery products that provide up to 10× the power of traditional cables at the same voltage, enabling a smaller electrical footprint for AI-focused data centers and higher-capacity transmission corridors. Its solutions aim to improve data-center efficiency, reduce server latency, simplify campus electrical designs, and enable existing transmission lines to carry significantly more power within the same corridor. VEIR targets customers across data centers, utilities, and renewable energy developers to accelerate grid resilience and global decarbonization. The company positions superconductors as a way to relieve interconnection bottlenecks and integrate new generation onto the grid. VEIR is based in Woburn, Mass., and is pursuing commercialization of its product portfolio. The company recently closed a major financing to support those commercialization efforts. Veir develops next-generation superconducting electric transmission technology designed to carry much higher electrical currents with negligible losses by cooling lines with liquid nitrogen. The company’s proprietary system aims to increase transmission capacity relative to the current grid while using existing rights of way, which can ease siting and permitting for developers. Veir operates an outdoor demonstration of its technology and is focused on delivering full product specifications for each subsystem. Led by CEO Tim Heidel, the company plans to use new funding to advance product development across its subsystems. No revenue or user metrics were disclosed in the article. Veir is a Boston, MA–based company led by CEO Adam Wallen that develops an evaporative cryogenic cooling technology platform for high-temperature superconductor electricity transmission. Its platform is designed to increase the amount of power transmitted at lower voltages in smaller right-of-ways, connecting low-cost renewable resources to demand centers. The company raised a $10M Series A, bringing total funding to date to more than $12M. The round was led by Breakthrough Energy Ventures, with participation from existing investor Congruent Ventures and new investor The Engine. Veir intends to use the capital to scale its team—hiring technical talent in cryogenics and the energy industry as well as operational and sales staff—and to begin developing and testing critical subsystems required for grid deployment. The company also plans to establish a physical development site in Massachusetts to support commercial development and testing.

  • OneRail

    Participated · Series C · Dec 2024

    OneRail provides last-mile omnichannel fulfillment via its OmniPoint SaaS platform paired with logistics-as-a-service, automating fulfillment orchestration, carrier selection and delivery mode. The company recently acquired Orderbot to add distributed order management and inventory visibility, enabling dynamic selection of inventory across fulfillment locations. OneRail plans to deepen decision logic upstream and invest in data science, machine learning and AI to enhance multimodal, multi-carrier capabilities and lower fulfillment costs. It operates a real-time connected network of 12 million drivers and maintains a 98% on-time delivery rate via a 24/7 U.S.-based exceptions team. Since its prior financing in November 2022, OneRail has grown revenue by 254% and reports year-over-year revenue growth of 102%, and has expanded service to more than 400 cities across the U.S. and Canada. OneRail offers a delivery operating system and fulfillment platform that automates last-mile logistics, intelligently selecting the right shipping mode and courier to optimize each order. Its platform is directly connected to a real-time network of nearly 10 million drivers and is supported by a USA-based Exceptions Assist operations layer available 24/7. OneRail reports an on-time delivery rate above 98% (98.6% in company materials) and says its system is transacting over 12 million data calls per minute. The company has expanded service to over 330 U.S. cities and deployed from more than 10,000 unique shipper locations, with a Logistics Partner Network that grew by four million (up 66% year over year). Since its Series A in 2021 the company has grown revenue year-over-year by 312% and employs nearly 100 team members in Orlando. OneRail plans to use the new funding to build new data-driven platform capabilities and to expand its sales, marketing, and solution engineering teams to meet increased shipper demand. OneRail provides a 3-in-1 final mile delivery fulfillment platform combining a national courier network, an API-driven smart-matching delivery operating system and a 24/7 Exceptions Assist™ team. The company reports an on-time delivery rate of 98.6 percent and an exceptions rate described as virtually zero. OneRail says its network spans 7.5 million drivers across 200 major U.S. cities and its Logistics Partner Network grew by 4 million year-over-year. Over the past 18 months the Orlando-based startup closed $21.5 million in financing, grew headcount from nine to 80, and delivered over 10x year-over-year revenue growth with major Fortune 500 customers. OneRail offers standalone or TMS-integrated deployments and has an integration with SAP Commerce Cloud available in the SAP Store. The company plans to use new capital to expand its customer success team, enhance its delivery operating system and Logistics Partner Network, activate key partnerships, and accelerate customers' digital supply chain transformation. OneRail provides a delivery orchestration and fulfillment platform that connects a shipper’s demand signal (POS, eCommerce, OMS, ERP) to an aggregated network of final-mile couriers and carriers, automating rate shopping, dispatch, tracking and proof of delivery. The platform supports forward and reverse logistics and claims real-time visibility, event-driven notifications, and data-driven delivery optimization. OneRail aggregates over 120 delivery companies, 65 parcel and LTL carriers, and a network it describes as 6 million delivery drivers. The company reported growth of 5,200% since January 2020 and cites accelerated e-commerce demand during the COVID-19 pandemic as a driver of commercial adoption. OneRail has begun national rollouts with customers such as American Tire Distributors for expedited delivery programs. Management says the financing will be used to scale business development and marketing efforts to expand the company’s final-mile footprint and customer base. OneRail provides a final-mile orchestration and fulfillment platform that matches shippers' real-time demand signals (Point of Sale, ERP, eCommerce) to a contracted network of aggregated couriers. The platform identifies exceptions and manages each delivery through proof of delivery. OneRail serves multiple verticals including retail, industrial supply, health care and product manufacturers. The company has agreements with over 50 courier entities and a footprint of more than 75,000 individual couriers, with fleet assets ranging from sedans to large box trucks and services including white-glove installation and assembly. Its network operates in all 50 states. OneRail plans to use the new funding to expand platform capabilities and grow its logistics operations team.

Team