Led · Series A · Mar 2026

PlasmaLeap designs, manufactures and sells modular plasma reactors that synthesize ammonia and nitric acid from air, water and renewable power, eliminating the fossil-fuel inputs and heavy transport normally required for nitrogen fertiliser production. Spun out of the University of Sydney, the company targets on-farm or local hub installations that cut growers’ input costs, lower supply-chain risk and slash CO₂ emissions from fertiliser manufacturing, transport and field losses—an impact area that accounts for roughly 2.5 % of global industrial emissions. Its platform is also being engineered to make e-fuels, synthetic hydrocarbons and other industrial chemicals, opening pathways to decarbonise hard-to-abate sectors like energy and transport. PlasmaLeap is currently progressing first-of-a-kind fertiliser hubs in New South Wales and Tasmania and expanding field trials to validate commercial performance. Management expects the solution to generate high-quality carbon credits and improve national food security by shielding farmers from global price shocks. Financially, the company has just secured almost A$30 million (US$20 million) in Series A capital to fund these deployments and further R&D, adding to earlier grants such as support from the Gates Foundation.

Participated · Series C · Oct 2024

Agrolend operates a lending platform that provides credit at the point of sale for agricultural inputs (seeds, crop protection, crop nutrition) using CPR-F contracts signed via farmers’ WhatsApp. The company leverages a distribution network of more than 150 partners—retailers, industries, and cooperatives—and operates in over 15 Brazilian states across crops including soybeans, corn, coffee, sugarcane, fruits, vegetables and livestock. Agrolend finances loans through issuance of time deposits targeted to agribusiness (LCAs) distributed on major investment platforms. The company has nearly $100M in total funding and reports a capital base of approximately $100M following the latest round. Management says the capital increase will let Agrolend expand credit offerings to industries, retailers and cooperatives without raising its leverage ratio, continuing a history of low‑risk growth. Its stated goal is to grow the credit portfolio to $600M and serve about 10,000 small and medium‑sized farmers. Agrolend is a São Paulo-based financial institution that provides credit to small and medium-sized farmers in Brazil through a digital platform. Led by CEO Andre Glezer, the company originates and formalizes loans in a digital environment via smartphone, partnering with input and equipment distributors, industries and agtechs to finance technology. It operates in more than ten Brazilian states across crops and sectors including soybeans, corn, coffee, sugar cane, fruits, livestock and dairy cattle. Agrolend is targeting expansion to serve up to 10,000 small-to-medium sized farmers and increase its loan book to R$2 billion for the 2023/24 crop season. The company expected its loan book to reach R$250 million by the end of 2022 and will increase equity to R$220 million after the Series B. The business combines digital origination with partnerships and capital markets solutions to scale agricultural credit across Brazil. Agrolend offers a 100% digital credit product for small and medium agricultural producers, with a fast, low-friction underwriting process that completes in under five days and typically does not require physical collateral. The company uses advanced technology to enable an innovative credit model focused on financing diverse agricultural productions and investments in equipment and new technologies. Agrolend emphasizes ESG and social impact by targeting underserved producers across more than 10 Brazilian states and roughly 100 municipalities. Founded in December 2020, the startup says it is currently doubling in size every month. The recent capital will support growth of the credit portfolio, expansion of the team, and improvements to the platform and credit model. Management aims to scale the loan book to R$1 billion and reach 5,000 customers within two years. Agrolend offers an online loan origination platform for small and medium-scale farmers, using advanced technology and innovative credit analysis to underwrite loans without physical collateral. The company partners with traditional agricultural inputs players and supply-chain participants to originate loans and reach growers. Loans range from 50,000 to 300,000 Brazilian reals, run for up to one year, and are repaid after harvest; some loans can be issued as soon as 24 hours after request. Agrolend says it offers lower interest rates than traditional banks and operates the entire process digitally. Founded in December 2020 and based in São Paulo, the startup raised seed capital to scale lending and build its team. It plans to structure a fund that will receive and hold originated loans, with Agrolend selling loans to that debt investment vehicle to enable much larger lending capacity.

Led · Equity · Jul 2024

Dynelectro develops next-generation solid-oxide electrolysis (SOE) systems using an AC:DC approach to improve efficiency and longevity for green hydrogen production. Its technology addresses SOE limitations by extending operational life from about two years to ten years, reducing energy waste and enabling grid-balancing through rapid production adjustments. The company targets hard-to-abate industrial sectors by providing on-site hydrogen, lowering emissions, and enabling synthetic fuels and Power-to-X projects. Recent financing and grants will support scaling its Dynamic Electrolyser Unit (DEU) from 150-kW prototypes to commercial, fully modular 1-MW units. The first 1-MW installation is scheduled for the first half of 2025 at European Energy’s renewable facility in Denmark. Management says the round validates the technology and positions Dynelectro to advance sustainable energy deployment. Dynelectro develops a patented, scalable solid-oxide electrolysis technology to source affordable green hydrogen and enable production of green fuels. The company plans to scale its Dynamic Electrolysis Units to 1 MW as a prerequisite for a commercial launch in 2025. It recently closed a €4.5 million Seed round to accelerate commercialization and scale-up work. Dynelectro was founded in 2018 by fuel-cell scientist Søren Højgaard Jensen and hydrogen strategist Samantha J. Phillips and is based in Copenhagen. The team includes fuel-cell specialist Anne Lyck Smitshuysen, whose research earned a €67k grant from the Ramboll Foundation and a finalist spot in the 2022 Future Hydrogen Leader Award; she was also named by Nature as one of three scientists at the cutting edge of new energy solutions. The company frames its mission around making clean, affordable energy and contributing to global CO2 reduction targets.

Led · Series A · Oct 2023

Verqor uses an alternative underwriting process that relies on farm productivity data and NDVI factors (supply chain, weather, price fluctuation and yield information) rather than traditional credit scores. It issues cashless credits and delivers inputs directly to farmers, while connecting them with corporates, importers and exporters who buy their products. Farmers repay loans through Verqor’s platform after the crop cycle completes. To date Verqor has pre-certified farmers for third-party financial institutions but plans to become an on-balance lender for roughly 60% of its business while keeping 40% off-balance. The company aims to approve loans in 48 hours or less and will invest in back-office automation and AI to digitize processes. Verqor will also expand throughout Mexico and continue building its network of ag corporates and partners. Founded in 2019 in Mexico, Verqor builds a platform that digitizes informal agricultural transactions to enable traceability and access to credit for small and medium farmers. The platform underwrites credit using productive analyses and alternative data, places approved credit as a balance for farmers to buy inputs (fertilizer, seeds, agro‑chemicals, biologicals, insecticides) and delivers those inputs directly. Verqor also connects farmers with buyers such as AB InBev, Heineken and exporters/importers in the U.S., routing payments through its platform to create transaction history. A core company goal is to reduce intermediaries and formalize supply‑chain traceability so farmers can access additional agtech tools. Verqor currently operates as a non‑banking financial institution and must run credit through third parties due to fintech regulations; the company plans a Series A to make itself the direct lender for credits it places. Short‑term plans include commercial growth across Mexico and, with investor support, potential Latin American expansion within roughly two years.

Participated · Series B · Aug 2023

Verdagy develops Advanced Alkaline Water Electrolysis (AWE) eDynamic® electrolyzers designed for large-scale green hydrogen production. Its technology targets low levelized cost of hydrogen (LCOH) through high current densities, the widest dynamic range in the industry, and fast response to match renewable power. The company announced a gigawatt-scale Silicon Valley factory in 2023 and operates R&D and highly automated commercial pilot plants in Moss Landing, California. Verdagy plans to commence shipments from its Newark, CA manufacturing facility in 2025 to enable infrastructure-scale deployments. To accelerate high-volume manufacturing, Verdagy has been awarded a $39.6 million grant from the U.S. Department of Energy (pending negotiations). The company is ramping up commercial deployments and is committed to helping meet the DOE's $2/kg LCOH target by 2026. Verdagy develops scaling electrolyzer technologies for industrial markets, headquartered in Moss Landing, CA. Its core product is the eDynamic® family; the company is accelerating launch and commercialization of the eDynamic 20 megawatt (MW) electrolyzer module. The 20MW module is intended to serve as a fundamental unit for future systems at the 200MW scale and beyond. Verdagy will expand deployments after initial commercial unit deployments with existing partners to customers in heavy industries such as oil and gas, ammonia, steel and e‑fuels to support industrial decarbonization. The company’s leadership includes CEO Marty Neese (SunPower, Ballard), COO Peter Cousins (scaled Tesla gigafactories) and founder Dr. Ryan Gilliam (founder of Fortera and Chemetry). Verdagy has created a membrane-based electrolysis technology that blends advantages of alkaline water electrolysis (AWE) and proton-exchange membrane (PEM) approaches, using very large active-area cells that can operate at high current densities and wide dynamic ranges. The company’s single-element architecture focuses on proprietary interior cell design—heat dissipation, gas/liquid circulation and flow management—which Verdagy says is difficult to replicate. Its cells enable both efficient operation in a max-efficiency range and the ability to absorb excess renewable electricity to produce large amounts of hydrogen for storage or use. Verdagy is targeting industrial hydrogen applications—on-site or near-site supply for oil refining, fertilizer production, food processing and metal-alloy production—where it says a smaller footprint and lower lifecycle emissions are beneficial. The technology is patent-pending and the company emphasizes industrial-scale deployment tied to renewable power sources like wind and solar. Financially, Verdagy completed an over-subscribed $25 million strategic investor round to support its development and commercialization efforts.