Loading organizations...
Cyan Ventures was founded in 2025 by David Mallard (Co-Founder & General Partner) and Steve Richmond (Co-Founder & General Partner).
Specialist investment and advisory firm backing founders building at intersection of energy and AI
Cyan Ventures was founded in 2025 by David Mallard (Co-Founder & General Partner) and Steve Richmond (Co-Founder & General Partner).
Key people at Cyan Ventures.
Cyan Ventures is a specialist investment and advisory firm that focuses on backing founders building at the intersection of clean energy and artificial intelligence (AI). Its mission is to accelerate the transition to a low-carbon, green economy by investing in breakthrough technologies and markets that can scale rapidly to address climate change and environmental degradation. Cyan Ventures targets early-stage companies, primarily at pre-seed, seed, and occasionally Series A stages, that leverage AI to create innovative solutions in energy and sustainability sectors. By concentrating capital and expertise on a small number of transformative ventures each year, Cyan Ventures aims to de-risk these high-capital-intensity opportunities and help them scale effectively, thereby influencing the broader clean energy startup ecosystem[1][2][3][4].
Founded in 2024, Cyan Ventures was established to make "Big Bets" on technologies and markets that can accelerate the energy and nature-based transition at a pace 2-5 times faster than current rates. The firm was co-founded by David Mallard and Steve Richmond, with Chris J. Parr serving as Principal Investor, bringing over a decade of experience in investment and corporate leadership. The idea emerged from the urgent need to address climate change and biodiversity loss by unlocking underexplored investment opportunities—particularly in the Asia Pacific region, where an estimated US$4.3 trillion in business opportunities related to the green economy remain largely untapped. Cyan Ventures combines research, advisory, and project development to identify and back ventures that can make significant progress in sustainability within a compressed timeframe[3][4][5][7].
Cyan Ventures rides the critical global trend of decarbonization and digital transformation in energy systems. The timing is pivotal as governments and industries worldwide commit to net-zero targets, creating a surge in demand for AI-enabled clean energy solutions that optimize efficiency, reduce emissions, and integrate renewable resources. Market forces such as rising energy volatility, regulatory shifts, and the urgent need for scalable climate solutions favor Cyan’s investment thesis. By backing startups that harness AI to solve complex energy challenges, Cyan Ventures not only accelerates technological innovation but also helps shape a more sustainable and resilient energy ecosystem globally[3][4][7].
Looking ahead, Cyan Ventures is poised to deepen its influence by continuing to identify and fund frontier technologies that can dramatically accelerate the green transition. Trends such as AI-driven energy management, grid optimization, and nature-based solutions will likely shape their investment focus. As the clean energy and AI sectors mature, Cyan’s early-stage investments could catalyze new industry standards and unlock substantial economic and environmental value. Their commitment to making 20 years of sustainability progress in less than 10 years underscores a bold vision that aligns with urgent global climate goals, positioning Cyan Ventures as a key player in the evolving energy innovation landscape[3][4][5].
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2025 | TrueMeter | $4.0M Seed | Ulu Ventures | 500 Emerging Europe, Pear VC, Costanoa Ventures, Cyan, e2vc, Flex Capital, RiverPark Ventures, Sand Hill Angels, The Sarah Smith Fund |
| May 1, 2025 | Verdi Expeditions | $5.0M Seed | SVG Ventures-THRIVE | SP Ventures, Baker Hall Capital, Cyan, Dangerous Ventures, Echo River Capital, Elemental Impact, Genome BC, Jetstream, NEC X, One Small Planet, Ponderosa Ventures, VentureUs, Waterpoint Lane |
| Jul 8, 2020 | Popshop Live | $3.0M Other Equity | Abstract Ventures, Ann Miura-Ko | Cyan Banister, Scott Banister, Backend Capital, Cyan, Halogen Ventures, Cyan Banister, Shrug Capital |
| May 1, 2015 | Silversheet | $3.0M Seed | Upfront Ventures | 2048 Ventures, Andreessen Horowitz, Fifth Wall, Jackson Square Ventures, Kain Capital, LAUNCH, Long Journey Ventures, Practical Venture Capital, Results Junkies, Eric Ries, Esther Dyson, Scott Banister, BAM Ventures, Cyan, Rincon Venture Partners, Slow Ventures, SV Angel |