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CalCEF, or the California Clean Energy Fund, operates as an ecosystem builder and investor, primarily focusing on clean energy solutions. The organization develops and deploys innovative financing models, including seed funds, to channel capital into burgeoning clean energy startups. Its core capability lies in optimizing the clean energy transition by connecting capital to investment opportunities and providing support to early-stage ventures.
Established in 2004 as the California Clean Energy Fund, the organization was initially designed to invest in clean energy organizations within California. Over time, it has evolved, becoming closely associated with CalCEF Innovations, which operates as New Energy Nexus. This evolution reflects a sustained commitment to fostering an environment where clean energy entrepreneurship can flourish, supporting the growth of nascent technologies.
CalCEF serves a broad base of diverse clean energy entrepreneurs, ranging from emerging technologies to more established clean energy ventures. Its long-term vision centers on accelerating the global transition to a 100% clean energy economy, striving for accessibility for all. The organization works to realize this by providing comprehensive support and fostering a thriving ecosystem for innovation in the clean energy sector.
CalCEF has 4 tracked investments across 2 companies. The latest tracked deal is $13.0M Series B in Alphabet Energy in March 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2013 | Alphabet Energy | $13.0M Series B | Vince Elenko | Piva Capital, SeaChange Fund, Wireframe Ventures, NAT Goldhaber, Claremont Creek Ventures, TPG Biotech |
| Apr 27, 2012 | Boulder Ionics | $4.3M Series A | Andrew Haughian | 9TH Street Investments, JSR Corporation, Protonic Capital |
| Sep 1, 2011 | Alphabet Energy | $12.0M Series A | Geoff Duyk | Piva Capital, SeaChange Fund, Wireframe Ventures, NAT Goldhaber, Paul Straub |
| May 1, 2010 | Alphabet Energy | $1.0M Seed | Calcef, Paul Straub | SeaChange Fund, Wireframe Ventures, NAT Goldhaber |