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Series B and later investors in energy and utilities

101 firms in the directory fund energy and utilities companies at series b and later. Growth investors funding scale-up rather than product discovery, including firms that lead late rounds.

Where these firms are

  • United States, state not given 16
  • New York 14
  • California 11
  • United Kingdom 9
  • Canada 7
  • France 6

Head office location. Most firms invest well outside it.

accel partners

Venture capital

Palo Alto, California, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Financial Services · Consumer & Retail · Energy & Utilities

First partner to exceptional teams, backing category-defining companies early.

Activant Capital

Venture capital

Greenwich, Connecticut, USA


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Financial Services · Energy & Utilities · Transportation & Logistics

Research-led growth-equity firm partnering with founders scaling commerce and infrastructure technology.

Adya

Venture capital

Houston, Texas, USA


Stages

GrowthSeedSeries ASeries BSeries C

Sectors

Energy & Utilities

Independent early-stage venture and advisory firm investing in seed-to-Series B energy, climate-tech and non-energy startups, plus private secondaries.

Amadeus Capital Partners

Venture capital

London, United Kingdom


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Energy & Utilities · Materials & Chemicals · Environmental & Safety

Backs deep-tech founders solving hard problems in large markets from seed through growth.

Amethis

Venture capital

Paris, France


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Consumer & Retail · Industrials & Manufacturing · Energy & Utilities · +2 more

Edmond de Rothschild PE affiliate providing impact-oriented growth capital to companies serving African and European markets, with ESG integration.

andreessen horowitz

Venture capital

Menlo Park, California, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Consumer & Retail · Energy & Utilities · Media & Communications

Backs innovators building generation-defining technology companies from seed to growth, with a platform model of operational support.

Aurora Private Equity

Venture capital

Aberdeen, Scotland, UK


Stages

GrowthSeedSeries ASeries BSeries C

Sectors

Healthcare & Life Sciences · Industrials & Manufacturing · Energy & Utilities · Media & Communications

Aberdeen-based business angel syndicate whose HNW/sophisticated members co-invest in emerging high-growth Scottish companies alongside the Scottish Co-Investment Fund.

bain capital ventures

Venture capital

Boston, Massachusetts, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Business & Professional Services · Energy & Utilities · Environmental & Safety

Partners with founders from idea to growth, providing hands-on support across talent, marketing and customer development on Bain Capital's institutional platform.

battery ventures

Venture capital

Boston, Massachusetts, USA


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Consumer & Retail · Industrials & Manufacturing · Energy & Utilities

Thesis-driven, technology-focused investor backing founders and teams at all stages of growth.

BlackPeak Capital

Venture capital

Sofia, Bulgaria


Stages

GrowthSeries BSeries C

Sectors

Healthcare & Life Sciences · Consumer & Retail · Energy & Utilities

Backs export-oriented niche players and domestic market leaders led by visionary management with a proven track record, in sectors with high growth or consolidation potential.

Blockchain Capital LLC

Venture capital

San Francisco, United States


Stages

GrowthSeedSeries ASeries BSeries C

Sectors

Consumer & Retail · Energy & Utilities · Media & Communications

One of the oldest crypto-dedicated VC firms; invests across the crypto stack (DeFi, infrastructure, consumer, gaming, identity) from seed through growth.

Blu Ventures

Venture capital

Washington, D.C. metro, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Energy & Utilities · Environmental & Safety

Backs market-defining cybersecurity founders from seed through scale, led by former operators.

Blue Cloud Ventures

Venture capital

New York, United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities · Environmental & Safety

Provides expansion capital to category-defining B2B software companies, increasingly centered on an AI-software thesis, backing later-stage SaaS and infrastructure businesses.

Bonaventure Capital

Venture capital

Birmingham, AL, USA


Stages

GrowthSeries ASeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Energy & Utilities · Agriculture

Growth-equity venture firm backing technology companies with scalable, value-additive solutions across agtech, cleantech, healthtech and fintech.

CALAO FINANCE

Venture capital

Paris, France


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities

An AMF-approved French private equity manager investing growth capital into SMEs and tangible-asset businesses in lifestyle and strategic sectors; acquired by Acer Finance in 2024.

CapitalG

Venture capital

San Francisco, California


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Financial Services · Consumer & Retail · Energy & Utilities · Environmental & Safety

Alphabet's independent growth fund backs category-defining companies scaling from startup to scale-up and gives them access to Google operating expertise.

Cardinal

Venture capital

Princeton, New Jersey


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Energy & Utilities · Media & Communications

Healthcare-only venture firm backing disruptive care-delivery and life sciences companies that deliver more care to more people for less money; portfolio includes athenahealth, Cubist and Sirtris,…

Cathay Innovation

Venture capital

Paris, France


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Consumer & Retail · Energy & Utilities · Transportation & Logistics

Global multi-stage VC that acts as a bridge between startups and industry, using 20+ corporate LPs and Fortune 500 relationships to scale portfolio companies across continents.

Clearstream Capital LLC

Venture capital

New York, NY, USA


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities

Provide flexible growth capital to leading middle-market decarbonization strategies while delivering returns and climate impact.

Cogito Capital

Venture capital

Toronto, Ontario, Canada


Stages

GrowthSeedSeries ASeries BSeries C

Sectors

Software & Internet · Consumer & Retail · Industrials & Manufacturing · Energy & Utilities · Media & Communications · Real Estate

Invests internationally in technology companies enabling digital transformation of mature industries, pairing capital with market-entry advisory (sister vehicle Cogito Ventures does early stage).

Columbia Capital

Venture capital

Alexandria, VA, United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities · Media & Communications · Transportation & Logistics

Long-standing communications-and-technology specialist that partners with entrepreneurs to build category-defining enterprise IT, digital infrastructure and mobility businesses (Zayo, Cologix, Cloud…

Cycle Capital

Venture capital

Montreal, Quebec, Canada


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Energy & Utilities · Agriculture · Environmental & Safety

Canada's largest dedicated cleantech VC platform, backing companies commercialising technologies that cut emissions and resource use.

DBL

Venture capital

San Francisco, California, United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Energy & Utilities · Environmental & Safety

Impact venture firm pursuing a 'double bottom line' of top-tier venture returns alongside measurable social, economic and environmental benefit in the regions and sectors where it invests.

eCAPITAL ENTREPRENEURIAL PARTNERS

Venture capital

Germany


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities · Materials & Chemicals · Environmental & Safety

Backs visionaries decarbonizing industry and pioneers in software/cybersecurity across Europe.

Golden Gate Ventures

Venture capital

Singapore


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Financial Services · Consumer & Retail · Energy & Utilities · Transportation & Logistics

Backs exceptional founders across Asia-MENA ('Empowering the Audacious').

Greycroft

Venture capital

New York, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Consumer & Retail · Energy & Utilities

New York/Los Angeles VC investing across AI-driven software, consumer brands and climate technologies; 900+ investments, 26 unicorns.

Gula Tech Adventures

Venture capital

Ellicott City, Maryland, USA


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities · Environmental & Safety

Maryland firm founded by Ron & Cyndi Gula (Tenable co-founders), self-funding investments to strengthen critical infrastructure and grow the cybersecurity workforce; 18 exits.

H+

Venture capital

France


Stages

GrowthSeries BSeries C

Sectors

Energy & Utilities · Transportation & Logistics

Backs companies accelerating decarbonization across carbon-emitting sectors.

iEurope Capital

Venture capital

New York, USA (office in Budapest)


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Consumer & Retail · Energy & Utilities

Provides growth and expansion capital to privately held SMEs in Central Eastern Europe.

iGlobe Partners

Venture capital

Singapore


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Energy & Utilities

Unearths, invests in and scales deep-tech startups into global leaders across five funds.

Inter-Risco Private Equity

Venture capital

Porto, Portugal


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Industrials & Manufacturing · Energy & Utilities · Materials & Chemicals

Backs Iberian mid-market SMEs with expansion and build-up strategies to create sector-leading companies.

Jump Capital

Venture capital

Chicago, IL, USA


Stages

GrowthSeries ASeries BSeries C

Sectors

Software & Internet · Financial Services · Energy & Utilities

Thesis-driven early/growth-stage VC backing fintech, data infrastructure and vertical B2B software with hands-on operational support.

LG Technology Ventures

Venture capital

Silicon Valley, US


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Consumer & Retail · Energy & Utilities · Materials & Chemicals

Strategic corporate VC connecting portfolio startups to LG Group's global network.

Montlake Capital

Venture capital

United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Consumer & Retail · Energy & Utilities

Provides flexible, tailored growth capital and network support to Pacific Northwest companies.

NGP Energy Technology

Venture capital

United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities

Invests growth capital in companies providing products, services and technologies to the energy value chain.

sands capital management

Venture capital

Arlington, Virginia, USA


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Energy & Utilities

Concentrated growth-equity manager owning a small number of high-quality innovative growth businesses ('Own the Few. Own the Best').

The Lightsmith Group

Venture capital

New York, NY, USA


Stages

GrowthSeries BSeries C

Sectors

Healthcare & Life Sciences · Financial Services · Energy & Utilities · Transportation & Logistics · Agriculture · Environmental & Safety

Invests in growth-stage companies providing climate adaptation and resilience solutions.

UpperStage.Capital

Venture capital

Vancouver, BC, Canada


Stages

GrowthSeries BSeries C

Sectors

Healthcare & Life Sciences · Consumer & Retail · Food & Beverage · Industrials & Manufacturing · Energy & Utilities · Environmental & Safety

Combines investment and operational experience to grow impact-oriented businesses in sustainability and wellness.

VCV Digital Group

Venture capital

New York, New York, USA


Stages

GrowthSeedSeries BSeries C

Sectors

Software & Internet · Healthcare & Life Sciences · Industrials & Manufacturing · Energy & Utilities

Venture firm combining engineering and financial-structuring expertise to back seed-through-growth startups in AI, health tech, digital infrastructure and blockchain.

Wolfensohn

Venture capital

New York, United States


Stages

GrowthSeries BSeries C

Sectors

Software & Internet · Financial Services · Consumer & Retail · Energy & Utilities

Private investment firm and corporate/government advisor; Wolfensohn Capital Partners takes active-minority stakes in high-growth EM businesses.

61 more series b and later investors in energy and utilities

Listed by name and head office. Full profiles are in the searchable directory.

  • Woven Capital · Tokyo, Japan / Palo Alto, California
  • XPND Capital · Montreal, Canada
  • Zephyr Management, L.P. · New York, United States
  • ZGI Capital · Riga, Latvia
  • Activate Capital · San Francisco, California, USA
  • Adara Ventures · Madrid, Spain
  • advantage capital · United States
  • Arborview Capital · Chevy Chase, Maryland, USA
  • Argo Capital · Madrid, Spain
  • Artisanal Ventures · USA
  • AXIO Capital · Paris, France
  • BAI Capital · Beijing, China
  • BeCapital · Brussels, Belgium
  • Blue Bear Capital · Jackson, Wyoming, United States
  • Bridges Fund Management · London, United Kingdom
  • Broadline Capital · USA
  • Brookstreet Equity · London, United Kingdom
  • Clerisy · United States
  • Colorado Impact Fund · Denver, United States
  • Comcast Ventures · New York, New York, USA
  • Concentric · London, UK
  • Crimson Investment · Palo Alto, CA, USA
  • Dallas Venture Capital · Irving, Texas
  • Delwinds Capital · United States
  • DOB Equity · Veessen, Netherlands (office Nairobi, Kenya)
  • DTCP · Germany
  • Earthshot Ventures · Honolulu, Hawaii, USA
  • Echoeight Investments · United Kingdom
  • Elsewhere Partners · US
  • Equatorius Capital Group · Boston, MA, USA
  • Experienced Capital · Paris, France
  • GD1 (Global From Day One) · Auckland, New Zealand
  • GiantLeap Capital · New York, NY, USA (and Chicago)
  • Greensphere Capital · London, United Kingdom
  • Guidepost Growth Equity · Boston, United States
  • HighBar · Menlo Park, California, USA
  • Idea Well Capital · Canada
  • InvestInData · United States
  • MetaProp · New York City, New York, USA
  • MindWorks Capital · Hong Kong
  • MKB · Montreal, Quebec, Canada
  • Momenta · Switzerland / New York, USA
  • Native American Venture Fund · New York, NY, USA
  • NewSpace Capital · Luxembourg
  • Oak Investment · United States
  • Oxx · Stockholm, Sweden
  • Portland Private Equity · Barbados
  • Roadmap Equity · San Francisco, California, United States
  • saif partners · China (Beijing/Shanghai/Shenzhen offices)
  • SAV (Scale Asia Ventures) · Palo Alto, California, USA
  • Sente Ventures · Chicago, Illinois, USA
  • Sorensen Capital · Cyprus
  • Space Capital · New York, USA
  • Suma Capital · Barcelona, Spain
  • SV Health Investors · United Kingdom
  • Tenzing · London, United Kingdom
  • Theatrecap · New York, NY, USA
  • Third Prime · United States
  • UP.Partners · Santa Monica, California, United States
  • Wave Equity · Boston, MA, United States
  • XPV Water · Toronto, Ontario, Canada

What series b and later rounds price at

US market medians, so you can see where a term sheet sits against the market rather than only against the firm offering it.

  • Median pre-money valuation$188.3M · $141.5M in 2025
  • Median round size$40M · $30M in 2025
  • AI vs non-AI pre-money$267M vs $134M

PitchBook-NVCA Venture Monitor, Q2 2026 (As of June 30, 2026), page 10. Figures are United States medians across all sectors; this report does not break valuations out by sector, so these are not sector-specific.

Twenty of these are worth your time. The rest are not.

A sector list tells you who invests here. It does not tell you which of them writes cheques your size, at your stage, right now. Run the free valuation and we rank this list against your own numbers, then show you how many fit before you pay anything.

Other stages in energy and utilities

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Counts are as of 2026-09-27; the list above is loaded live, so it can differ if firms have been added or removed since. Sector and stage focus is as stated by the firm. Firms wanting a correction can get in touch.