Participated · Equity · Mar 2026

GridBeyond develops hardware and software to coordinate distributed energy resources—solar, wind, batteries, hydropower—and flexible industrial and commercial loads to operate as virtual power plants. The company manages approximately 1 gigawatt of generation and storage and several gigawatts of demand-side flexibility, including a 200-megawatt battery installation in California. GridBeyond’s controllers and software are deployed across sites in Australia, Ireland, Japan, the UK, and the United States. Its platform enables rapid response and market participation, allowing batteries and flexible loads to perform grid balancing and power arbitrage. The company is using the newly raised €12 million equity to expand its portfolio of managed assets and deployments.

Participated · Series C · Feb 2024

Tsubame BHB is a Yokohama, Japan-based company developing small, distributed on-site ammonia production plants. It uses electride catalyst technologies developed by Honorary Professor Hideo Hosono of the Tokyo Institute of Technology to produce ammonia at low temperatures and low pressures. These technologies aim to reduce CO2 extraction compared with conventional methods. The company plans to expand operations and development efforts and to strengthen its overseas rollout with a focus on North and South America, Australia, and Africa. To support these plans it raised ¥5.3 billion in Series C funding. The article states the company has approximately 17,200 employees in 40 countries and a diverse business portfolio including metals and recycling, healthcare, semiconductors and electronics, and industrials.

Led · Equity · Nov 2018

AlgaEnergy is an international biotechnology company focused exclusively on microalgae, developing and commercializing microalgae-based solutions across agriculture, nutrition, cosmetics and other sectors. Its core commercial product line is microalgae-based agricultural biostimulants, which the company has sold since 2009 and are used by more than 2 million farmers worldwide. AlgaEnergy operates what it describes as a highly advanced industrial microalgae production plant in Arcos de la Frontera (Cádiz) and maintains a technology partnership with Iberdrola dating to 2009. Founded in 2007, the company emphasizes strong R&D investment and positions itself as an international reference in microalgae science and applications. Following the recent capital increase, AlgaEnergy plans to finance geographic expansion of its commercial structure, launch new business lines in nutrition and cosmetics, and develop additional microalgae-derived products. The investment is intended to reinforce the company's international leadership and broaden its offering of sustainable microalgae solutions. AlgaEnergy is a Spanish biotechnology firm specializing in the production and commercial applications of microalgae. It operates a commercial production facility in southern Spain and has been a pioneer in the microalgae biotechnology field since 2007. In late 2015 the company launched the world’s first line-up of microalgae-based biostimulant products to promote efficient crop cultivation. AlgaEnergy consolidates over four decades of academic knowledge in microalgae and has invested heavily in applied R&D under scientific leadership including Professor Miguel Garcia Guerrero. The company has secured an approximately €10 million equity investment from Yokogawa to fund projects such as international expansion of its biostimulant sales organization, entry into food and cosmetics, and development of its product pipeline. The strategic partnership also covers R&D, manufacturing, marketing and sales, with Yokogawa providing automation technologies to help maximize quality and efficiency as production scales.

Participated · Series B · Oct 2017

FogHorn is a Sunnyvale, Calif.–based developer of intelligence edge computing software for industrial and commercial IoT applications. Its software platform delivers advanced analytics and machine learning at the on‑premises edge to enable advanced monitoring, diagnostics, machine performance optimization, proactive maintenance and operational intelligence. The technology is positioned for OEMs, systems integrators and end customers across manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, smart grid, smart city, smart building and connected vehicle use cases. Company leadership includes CEO David C. King, Chief Revenue Officer John Neville and VP of Engineering Senthil Kumar. FogHorn said it will use the new funding to scale and invest in continued product innovation. The company has raised a total of $72.5M to date following this round. FogHorn develops the Lightning edge-intelligence software platform that brings advanced analytics and machine learning to on-premises edge environments. Its platform enables advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. The technology targets OEMs, systems integrators and end customers across manufacturing, oil & gas, power and water, transportation, renewable energy, mining, agriculture, Smart Building, Smart City and connected vehicle applications. Led by CEO David C. King, the company operates engineering resources in Mountain View and Pune, India. FogHorn recently completed a $30M Series B round, bringing total funding to $47.5M, to support engineering expansion and global go-to-market growth. FogHorn develops "edge intelligence" software that brings analytics and machine learning to industrial and commercial IoT deployments. Its platform supports advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and broader operational-intelligence use cases. The technology targets OEMs, systems integrators and end customers across manufacturing, oil and gas, power and water, transportation, renewable energy, mining, agriculture, Smart Building, Smart City and connected vehicle applications. Led by CEO David C. King, the company said it will use new funds to continue developing the platform and to expand its geographic reach. The articles note an extended Series A and a prior Series A announced in July 2016. FogHorn provides an edge intelligence (fog computing) platform that enables real-time analytics, machine learning models and edge computing applications for industrial and enterprise IoT use cases. Its software stack blends real-time, on-site processing of sensor data with cloud-based management, analysis and machine learning. The platform applies intelligence at the edge to lower cloud-related bandwidth costs and refocus the cloud on functions such as application portability, provisioning orchestration and advanced analytics. FogHorn targets sectors including manufacturing, power and water utilities, oil and gas, mining, renewable energy, transportation, health care, smart grids, smart cities, smart buildings and connected vehicles. The company is led by CEO David C. King and CTO Sastry Malladi. In connection with its funding activity it raised $12M in Series A financing and converted an additional $2.5M of initial seed capital.

Participated · Series A · Mar 2017

Bayshore Networks provides industrial cyber protection technology for Industrial Internet of Things (IIoT) applications, offering visibility into Operational Technology infrastructure and protecting ICS systems, industrial applications, networks, machines, and workers from cyber threats. Led by CEO Mike Dager and based in Bethesda, MD, the company partners with firms such as Arista, AT&T, BAE, Cisco, Dell, SAP, VMware, and Yokogawa. It closed a more than $11M Series A venture capital round that brought total funding to $15M. Benhamou Global Ventures led the investment, with participation from Trident Capital Cybersecurity, Yokogawa, and Samsung Next. In conjunction with the funding, Anik Bose, General Partner at BGV, joined Bayshore’s Board of Directors. Bayshore intends to use the funds to grow go-to-market channels and further develop its industrial cyber protection platform. Bayshore Networks offers a cloud-based software platform called the Bayshore IT/OT Gateway that provides IT teams visibility into OT infrastructure, networks, applications, machines and workers. The platform enables security enforcement, application segmentation and isolation via flexible policies. Founded in 2012 and led by CEO Mike Dager, the company has strategic alliances with AT&T, BAE Systems, Cisco Systems and VMware. Bayshore intends to use new funding to complete the relocation of its headquarters from New York City to Bethesda, Maryland and to invest in R&D. It also plans to expand its engineering and sales teams. The company raised $6.6M in Series A financing to support these initiatives.