Braemar Energy Ventures

Braemar Energy Ventures was a New York-based venture capital firm established in 2003, specializing exclusively in technology and communications opportunities within the energy sector. Over its active investment period, the firm successfully raised four distinct funds, accumulating approximately $950 million in total capital commitments. These funds included Braemar Energy Ventures I (2003), Braemar Energy Ventures II (2006), Braemar Energy Ventures III (2010), and its final fund, Braemar Energy Ventures IV, which closed in 2014. This significant capital base allowed Braemar to become a notable player in the cleantech and energy tech investment landscape during its operational years.

The firm's investment strategy was broad within the energy domain, targeting companies developing innovative technologies across various sub-sectors. This included renewable energy generation, energy efficiency solutions, smart grid technologies, advanced materials, and technologies for oil and gas exploration and production. Braemar typically engaged in early-stage to growth-stage investments, providing capital to support product development, market expansion, and scaling operations. Initial first cheques from Braemar Energy Ventures generally ranged from $5 million to $20 million, with the capacity for substantial follow-on investments in successful portfolio companies as they matured.

As of recent years, Braemar Energy Ventures is no longer actively making new investments. The firm's last fund, Braemar Energy Ventures IV, was raised in 2014, and since then, the focus has shifted towards managing and exiting its existing portfolio. While the firm played a crucial role in funding numerous energy technology startups over more than a decade, its current status reflects a transition from active deal-making to a harvest phase. Therefore, while its historical investment range is well-documented, Braemar Energy Ventures is not a source for new venture capital funding today.