Participated · Series C · Mar 2025

Persefoni is a Sustainability Management SaaS and AI platform serving companies and financial institutions. Its product lineup includes Persefoni Pro, a free self-guided offering for SMBs and supply-chain participants launched in March 2024 that has seen more than 6,000 organic sign-ups. The company is expanding its AI suite—PersefoniGPT and smart emission factor matching—and reports model breakthroughs in energy and utility bill management and physical risk modeling, with commercial products expected in 2025. Planned 2025 product releases include a dedicated Product Carbon Footprint/LCA capability, enhanced audit and controls, and a self-serve analytics builder. Persefoni has broadened from a pure enterprise model to include successful self-service offerings and has expanded Persefoni Pro to offer free multi-framework sustainability reporting in addition to carbon accounting. Management expects the recent progress and financing to carry the business toward profitability as early as the second half of 2025. Persefoni offers a Climate Management & Accounting Platform that helps businesses, financial institutions, and governmental agencies manage climate-related data, disclosures, and performance. Its software simplifies carbon footprint calculations, identifies decarbonization strategies, and performs climate trajectory modeling aligned to Paris Agreement temperature scenarios. The platform also enables benchmarking by region, sector, and peer group. The company has launched PersefoniGPT, an AI co-pilot product for carbon accounting and management, expanding its AI capabilities. Persefoni serves enterprise and financial-institution customers and emphasizes regulatory and disclosure workflows. Financially, the company has raised over $150 million to date, reflecting investor interest in its product and market opportunity. Persefoni offers an "ERP for Carbon Data" that automates carbon accounting and helps organizations comply with standards such as the Greenhouse Gas Protocol and PCAF. Its platform targets asset managers, banks, insurers, pensions/endowments and corporates across manufacturing, agriculture, energy, apparel, retail, software and business services. The company emphasizes avoiding proprietary methodologies to ensure auditability and claims automated accounting without consulting services. Persefoni has strategic partnerships with Bain & Co., EDF and SMBC, has expanded into the Japanese market, launched a free-tier for SMBs and introduced a Temperature Scoring Model for 1.5C/2C implied temperature scenarios. It also integrates with the Patch offsetting platform on a commission-free, pass-through basis. Financially, the company recently completed a Series B and has raised a total of $114.2 million to date. Persefoni builds a carbon accounting and management platform that assembles, calculates, manages and reports organizational carbon footprints with real-time reporting on scope 1 through 3 emissions. The company was founded only last January and launched its product in August alongside an initial $3.5M raise. Persefoni has attracted corporate customers, with private equity firms like TPG signing on to its service. The startup recently added Robert G. Eccles, founding chairman of the Sustainability Accounting Standards Board, to its board of advisors. It plans to use new funding to support international expansion, product development, and recruitment. Persefoni develops an AI-powered carbon footprint management platform that generates business-centric sustainability reports and automates organizational emissions accounting. The company was founded in January by Jason Offerman, Kentaro Kawamori and Kim Stroh and is based in Tempe, Arizona. Persefoni plans to use its seed funding to continue product development, add features for large customers, expand its team beyond an 18-employee base, and pursue a Series A. The company said full availability of the platform will come in the fourth quarter and that it anticipates several million in sales by the end of the year. Persefoni positions itself against consumer and enterprise alternatives such as Klima, Salesforce Sustainability Cloud and SAP’s Climate 21 products, viewing some as competitors and others as potential partners. The platform emphasizes serving clients that are already serious about sustainability and meeting institutional investor demand for annual sustainability reports.

Led · Series E · Jul 2024

Infinitum designs patented air-core, axial-flux motors that are lighter, smaller, and more efficient than traditional motors, targeting applications including mission-critical data centers, commercial HVAC, pumps, and industrial equipment. The company’s motors rely on high-powered printed circuit board (HP-PCB) stators, which it says are central to its efficiency and light weight. Infinitum has more than 100 pending or issued patents and has developed a manufacturing approach that reduces copper usage and waste. The company was selected by the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains to negotiate funding to accelerate domestic clean energy manufacturing. Infinitum plans to establish an HP-PCB stator manufacturing facility expected to be located in Rockdale, Texas, which the company says could create up to 170 operating jobs and 125 construction jobs. The project and facility aim to strengthen U.S. supply chains for critical components that are currently produced largely overseas. Infinitum develops patented air-core motor systems that aim to sustainably power energy-intensive applications in data centers, hospitals, buildings, logistics, manufacturing and industrial facilities. Its motors consume 10–65% less energy than traditional motors, are about 50% smaller and lighter, and use 66% less copper. Infinitum motor systems include an integrated variable frequency drive and can be customized for specific power and torque requirements; their modular design enables servicing, repair, remanufacturing and recycling. The company cites U.S. Department of Energy estimates that implementing advanced motor technology in U.S. industrial and commercial sectors could save 127 TWh/yr, $14.7 billion, and reduce 90.2 MMT of CO2. Infinitum is based in Austin, Texas and is led by founder and CEO Ben Schuler. The company said it will use new funding to scale production, meet customer demand and accelerate decarbonization. Infinitum develops patented air-core motors that replace iron-core, copper-wound stators with a lightweight printed circuit board stator and a built-in variable frequency drive. Its motors are roughly 50% smaller and lighter, use 66% less copper, have no iron in the stator, and consume about 10% less energy than traditional motors. The printed circuit board stator is described as 10x more reliable, and the motor’s modular design enables component reuse while manufacturing and servicing are less carbon intensive. Infinitum positions its product to enable variable-speed operation across industrial applications (compressors, pumps, fans, material handling) to cut energy use and emissions. The company is partnering with Rockwell Automation to develop a motor and low-voltage drive solution to be distributed through Rockwell’s channels. Infinitum is based in Austin, Texas and intends to scale production to meet customer demand and drive industrial decarbonization. Infinitum produces a patented air-core motor that is 50% smaller and lighter, uses 66% less copper, contains no iron, and consumes about 10% less energy than conventional motors. Its motors are modular by design, allowing housings, rotors, and stators to be reused multiple times and extending service life beyond typical 10–20 year motor lifetimes. The company recently rebranded as Infinitum and is renaming product lines (IEs to Aircore EC, IEm to Aircore Mobility, and IEalt to Aircore Power Gen) as it pushes commercialization. Infinitum is based in Austin, Texas and operates a 65,000 square foot production facility in Mexico. The company plans to expand and fully automate assembly at that Mexico facility to meet a significant increase in demand. Leadership says the goal is to scale production this year and next while advancing decarbonization and circularity in industrial, commercial, and mobility applications. Infinitum Electric designs and manufactures patented air-core motor systems that replace heavy iron with printed circuit boards to deliver comparable power at half the size and weight and lower noise and carbon footprint. Its integrated motor systems include motor, variable frequency drive (VFD) and embedded IoT in a single compact package, and the motors are reported to be about 10% more efficient than conventional motors. Since launching its IEs Series in 2020 the company has secured customer agreements representing more than $900 million in potential orders across heavy industry, manufacturing, HVAC and transportation. The company plans to vertically integrate and automate production, complete development and commercialization of a traction motor for the electric-vehicle market, and expand high-volume production out of its facility in Tijuana, Mexico. Infinitum moved its headquarters to a larger facility in Round Rock, Texas, and said it will double its U.S. workforce in 2022 with an additional 50 employees across Round Rock and Spokane, Washington. The company is based in Austin, Texas and has positioned its technology to address large-scale electrification and decarbonization opportunities.

Led · Equity · Feb 2024

Montana Technologies develops the patented AirJoule system, a self‑regenerating pressure swing adsorption technology that harvests thermal energy and water from air. The company says the technology can reduce electricity consumption and refrigerant use compared with conventional air conditioning, lowering carbon emissions and enabling low‑cost atmospheric water harvesting. Montana has formed a joint venture with GE Vernova to combine GE Vernova’s proprietary sorbent materials and coating processes with the AirJoule system, and maintains a global supply agreement with BASF to enable low‑cost production at scale. The company also executed an agreement with Carrier Corp. to commercialize AirJoule across HVAC markets in the Americas, Europe, India, and the Middle East. Rice Investment Group has committed $10 million as part of a private capital consortium led by Carrier Ventures to accelerate commercialization. Montana is pursuing a business combination with Power & Digital Infrastructure Acquisition II Corp (XPDB) expected to close in March, after which it is expected to trade on NASDAQ under the ticker AIRJ.

Participated · Series A · Nov 2023

Talus Renewables created the first commercial, modular green ammonia system and produces ammonia using water, air, and renewable power. Its talusOne (up to 1.4 tonnes/day) and talusTen (up to 20 tonnes/day) systems are fully containerized, operate on intermittent renewables, and are designed for rapid deployment. The company positions its technology to generate lower-cost, carbon-free ammonia at or near the point of use, reducing supply-chain length for agriculture, mining, and industrial customers. Additional applications cited include maritime shipping, renewable energy storage, and power generation. Talus has begun commercial deployments—the first talusOne was installed with the Kenya Nut Company in the Kenya Highlands—and plans to deliver multiple systems in US and European markets later this year. A subsidiary, TalusAg, focuses on green ammonia production for the agriculture sector.

Participated · Equity · Jul 2021

Cold Bore Technology develops SmartPAD, an end-to-end integrated software and hardware platform that collects, analyzes, and reports data to drive safer, more autonomous completions operations. The platform is positioned to unlock step-change improvements across key performance indicators by better utilizing previously underused data. SmartPAD deployments were on pace to exceed 100% year‑on‑year growth in 2021 as operators adopted the technology to meet ESG commitments and improve safety. A recent implementation with Hibernia Resources reduced completions program duration by 15 days (27%) with corresponding cost and emissions reductions. The company is scaling to meet increasing demand and is partnering with strategic investors and customers to expand deployments. Cold Bore is based in Calgary, Alberta and lists existing investors including the Rice Investment Group. Cold Bore Technology is a global leader in completion optimization technology based in Calgary, Alberta. Its SmartPAD™ service combines patented valve-positioning and pressure-monitoring sensors, field data collection systems, and proprietary software to provide an Electronic Completions Recorder and Remote Frac Operating System. The industrial IoT platform enables real-time operational data to be accessed remotely by those monitoring onsite activity. In the past six months the company has signed and executed service agreements with fracking operators throughout North America, including six of the top 10 producers. Proceeds from the recent financing will be used to scale Cold Bore’s teams and technology to meet strong market demand. The company emphasizes delivering tangible completion-cost savings to operators through data-driven optimization. Cold Bore Technology builds Industrial Internet of Things-based fracturing optimization software, including its SmartPAD electronic completions recorder and remote frac operating system. The company uses proprietary algorithms and machine learning to drive Positive Efficiency Gains, address Non-Productive Time in the field, reduce completion program duration, and deliver cost savings. Cold Bore reports an established customer base and expects increasing cashflow as market adoption continues. Management is led by Blair Layton, Brett Chell, and Nicolai Pacurari, and the board includes Toby Rice, Murray Smith, Blair Layton, Gregg Sedun, and Glen Hawker. The company plans to deploy invested capital toward enhancement of its data analytics platform, marketing initiatives, and general corporate purposes. Cold Bore is headquartered in Calgary, Alberta, and is actively pursuing expansion in both the United States and Canada as noted in the release.