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§ Venture Capital · San Francisco, CA, USA
Angel investment fund investing in seed and early-stage clean energy startups, focused on cleantech innovation.
The CalCEF Clean Energy Angel Fund operates as a seed and early-stage venture capital fund, specifically dedicated to advancing innovation within the clean energy and technology sectors. The fund strategically invests in nascent companies, providing crucial capital and resources to propel the development of novel solutions in areas such as renewable energy and energy efficiency. It aims to identify and support high-potential startups that can significantly contribute to a sustainable energy future, leveraging deep industry networks for effective deployment.
The fund was established by the broader California Clean Energy Fund (CalCEF), originating in San Francisco, California. Its inception addressed a critical need to bridge the funding gap for seed and startup-stage cleantech ventures, a common challenge for companies in their earliest phases of development. This initiative reflects a strategic insight into the necessity of early-stage financial intervention to nurture groundbreaking technologies and foster their commercial viability.
The fund's portfolio consists of early-stage clean energy companies, which represent its primary beneficiaries. The CalCEF Clean Energy Angel Fund's overarching vision is to accelerate the transition to a cleaner energy economy by fostering a robust ecosystem of innovative startups. It seeks to cultivate companies that not only offer commercially viable clean energy solutions but also contribute to significant environmental impact and economic growth.
California Clean Energy Angel Fund has 1 tracked investment across 1 company. The latest tracked deal is $24.0M Series C in Alphabet Energy in July 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 1, 2016 | Alphabet Energy | $24.0M Series C | Schlumberger | SeaChange Fund, Wireframe Ventures, NAT Goldhaber, Claremont Creek Ventures, GM Ventures, Michael Babb, TPG |