Energize Capital has closed its latest investment vehicle, Ventures Fund III, securing $430 million in capital commitments. The fund will support early-stage companies developing digital and software-enabled solutions for energy and industrial transformation.
Ventures Fund III marks the firm’s third venture-focused fund and fifth institutional fund overall. The new capital brings Energize’s total assets under management to more than $1.8 billion. The fund will concentrate on businesses advancing technologies in industrial digitisation, grid infrastructure, and the energy transition.
The announcement comes amid a wave of changes reshaping global industry, including advances in artificial intelligence, shifts in supply chains, and efforts to decarbonise manufacturing and energy systems. These developments are fuelling demand for digital solutions that can navigate operational complexity and support decarbonisation goals.
John Tough, managing partner at Energize Capital, said the evolving nature of the climate technology space requires specialist investors with sector-specific knowledge. “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,” he said.
The fund is backed by a range of institutional and strategic investors, including Sweden’s AP1, Capricorn, Reference Capital, and Keeling Capital. Returning limited partners include GE Vernova, CDPQ, UBS, and Builders Vision.
Ventures III has already deployed capital into several companies, including Tyba, a battery software optimisation platform; Archive, a resale technology service for brands; and Nira, a software tool that supports grid interconnection for energy developers.
