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The Venture Codex

U.S. Department of Energy

1000 Independence Ave., SW, Washington, DC, 20585, United States

Overview

Government agency regulating energy policy and research.

Founded

1977

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Grant

Geographic focus

United States

Sector focus

Energy
Energy Efficiency
Energy Management
Finance

Investment portfolio

82rounds
NAMEDATESIZE
Coreshell Technologies
Aug 2026Led
$50 MGrant
Curio
Aug 2026Led
$3 MGrant
Alice & Bob
Mar 2026Led
$4 MGrant
V-Glass
Mar 2026Participated
$4 MSeed
Infleqtion
Mar 2026Led
$4 MGrant
MOLG
Nov 2024Led
$5 MGrant
Hempitecture
Nov 2024Led
$8 MOther Equity
Transaera
Nov 2024Participated
$11 MSeed
Infinitum
Oct 2024Led
$34 MGrant
LongPath Technologies
Oct 2024Led
$162 MDebt
Furno
Oct 2024Led
$20 MGrant
Infleqtion
Sep 2024Led
$1 MGrant
Coreshell Technologies
Aug 2026Led
$50 MGrant
Curio
Aug 2026Led
$3 MGrant
Alice & Bob
Mar 2026Led
$4 MGrant
V-Glass
Mar 2026Participated
$4 MSeed
Infleqtion
Mar 2026Led
$4 MGrant
MOLG
Nov 2024Led
$5 MGrant
Hempitecture
Nov 2024Led
$8 MOther Equity
Transaera
Nov 2024Participated
$11 MSeed
Infinitum
Oct 2024Led
$34 MGrant
LongPath Technologies
Oct 2024Led
$162 MDebt
Furno
Oct 2024Led
$20 MGrant
Infleqtion
Sep 2024Led
$1 MGrant
82
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Deal Distribution

U.S. Department of Energy: 82 funding rounds are recorded in the selected participation categories.All available history.
U.S. Department of Energy: 82 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed06
Series A04
Series C+02
Other Equity117
Grant403
Debt81

Monthly Deal Activity

U.S. Department of Energy: 82 deals are recorded across 208 months.All available history.
U.S. Department of Energy: 82 deals are recorded across 208 months. All available history
MonthDeals
Jul '091
Aug '090
Sep '091
Oct '090
Nov '090
Dec '091
Jan '101
Feb '100
Mar '100
Apr '100
May '101
Jun '100
Jul '100
Aug '101
Sep '100
Oct '100
Nov '100
Dec '101
Jan '110
Feb '110
Mar '111
Apr '110
May '110
Jun '111
Jul '110
Aug '111
Sep '111
Oct '110
Nov '111
Dec '110
Jan '122
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '151
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '161
May '160
Jun '160
Jul '162
Aug '160
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '182
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '202
Oct '200
Nov '201
Dec '200
Jan '211
Feb '211
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '211
Jan '222
Feb '221
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '221
Nov '222
Dec '220
Jan '231
Feb '231
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '231
Sep '230
Oct '233
Nov '232
Dec '230
Jan '242
Feb '243
Mar '242
Apr '241
May '240
Jun '244
Jul '242
Aug '240
Sep '241
Oct '243
Nov '243
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '263
Apr '260
May '260
Jun '260
Jul '260
Aug '262
Sep '260
Oct '260

Sector Breakdown

U.S. Department of Energy: Clean Energy & Sustainability is the largest displayed sector by deal count (59 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

U.S. Department of Energy: Clean Energy & Sustainability is the largest displayed sector by deal count (59 deals). All available history
SectorDeals
Clean Energy & Sustainability59
Manufacturing38
Space & Frontier Tech32
Hardware & Robotics14
Transportation & Logistics9
Enterprise Software7
Networks, Cloud & Communication7
Real Estate & Construction6
AI & Machine Learning6
Professional Services6
Data, Analytics & IT5
Cybersecurity & Privacy4
Health & Life Sciences4
Consumer & Lifestyle2
Government & Defense1
E-Commerce & Retail1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

U.S. Department of Energy: 82 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

U.S. Department of Energy: 82 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M34
$5M-$10M7
$10M-$25M23
$25M-$50M5
$50M-$100M2
$100M-$250M7
$250M-$500M0
$500M-$1B3
$1B+1

Deals By Geography

U.S. Department of Energy: United States has the largest recorded deal count among the displayed regions (80 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

U.S. Department of Energy: United States has the largest recorded deal count among the displayed regions (80 deals). All available history
RegionDeals
United States80
Europe1
Canada1
U.S. Department of Energy: 20 co-investors are shown, with BP Ventures sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

U.S. Department of Energy: 20 co-investors are shown, with BP Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
BP Ventures2
California Energy Commission2
Energy Impact Partners2
Engine Ventures2
Northwater Capital Management2
Starlight Ventures2
21501
Acero Capital1
AENU1
Anzu Partners1
Apollo Investment Corporation1
ARPA-E1
Avista Development1
BASF Venture Capital1
Berg & Berg Enterprises1
Bioeconomy Capital1
Blindspot Ventures1
BlueCap Partners1
Bohemian Investments1
Breakthrough Energy Ventures1

Investment Strategy

U.S. Department of Energy: Led accounts for 72% and participating for 28% of round participation.All available history.
U.S. Department of Energy: Led accounts for 72% and participating for 28% of round participation. All available history
CategoryDeals (count)Share (%)
Led5972%
Participating2328%
U.S. Department of Energy: Single-lead accounts for 98% and co-led for 2% of lead dynamics.All available history.
U.S. Department of Energy: Single-lead accounts for 98% and co-led for 2% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5898%
Co-led12%

Team

Andraleigh Rodini

Civil Liberties and Privacy Officer

Dustin Nord

U.S. Department of Energy Grant Recipient

Elizabeth Sherwood-Randall

Deputy Secretary of Energy

Gerald Curry

Deputy Associate Under Secretary for Security

Gregory A. Beard

CEO, Owner & Founder

Jigar Shah

Director

Jill Hruby

Administrator for Nuclear Security

Jimmy Carter

Founder

Matthew Napoli, Ph.D.
Sam Mahalingam

Exascale Computing Project - Industry Council Member (Honorary Role)

Steve Krebs

Senior Consultant