Energize Fund III Experiences Oversubscription from Global LPs

Energize has raised capital for its Fund III from limited partners outside of the US, exceeding its target. The oversubscribed fund has attracted investors from various regions, including Asia and Europe. Energize's expertise in renewable energy investments has garnered interest from international LPs. The company plans to use the capital to invest in renewable energy projects globally.

Energize Capital, a leading multi-stage investor in climate solutions, has successfully raised $430 million for its Ventures Fund III (Ventures III), exceeding its target. The oversubscribed fund has attracted a diverse range of limited partners (LPs) from various regions, including Asia and Europe, showcasing the growing interest in renewable energy investments globally [1].

The fund, which is the third of its Ventures strategy, will focus on deploying capital into earlier-stage companies that are scaling energy and industrial transformation through digital and software-enabled solutions. This latest raise brings Energize's total assets under management to over $1.8 billion, empowering the firm to continue leveraging its team's expertise in climate technology [1].

The international LPs in Ventures III include Första AP-Fonden (AP1), Capricorn, Reference Capital, Keeling Capital, Keysight Technologies, WEX Venture Capital, and several other international pensions. Among the returning investors are GE Vernova, CDPQ, Builders Vision, UBS, and WEC [1].

Energize's expertise in renewable energy investments has garnered significant interest from international LPs. The company plans to use the capital from Ventures III to invest in renewable energy projects globally, contributing to the acceleration of the energy transition [1].

"Now on our third ventures fund, the Energize team has experienced firsthand how this space has evolved in both market size and complexity," said John Tough, managing partner at Energize Capital. "Today more than ever, operators need specialist investors with deep domain expertise and operational know-how to help them scale their solutions and achieve enduring growth" [1].

The fund will back asset-light climate solutions, with a particular focus on companies operating in the industrial digitization, next-generation infrastructure, and energy transition sectors. To date, Energize has deployed capital from Ventures III into several investments, including Tyba, a battery software optimization platform; Archive, a technology solution for brands to launch and scale profitable resale businesses; and Nira, a software platform that supports grid interconnection for energy developers [1].

Energize Capital, founded in 2016 and based in Chicago, seeks to scale sustainable innovation by partnering with the builders and operators shaping the future. The firm is backed by strategic, institutional, and impact LPs, including Första AP-Fonden (AP1), GE Vernova, Capricorn, CDPQ, Builders Vision, UBS, WEC, Reference Capital, Keeling Capital, Keysight Technologies, and WEX Venture Capital [1].

References
[1] https://www.prnewswire.com/news-releases/energize-capital-raises-430-million-to-capitalize-and-scale-digitally-enabled-climate-solutions-302471446.html