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Breakthrough Energy Ventures

Europe, Ile-de-France, France, Paris

Description

Breakthrough Energy Ventures (BEV) is a prominent venture capital firm at the forefront of the global effort to combat climate change, founded by Bill Gates. As a key component of the broader Breakthrough Energy initiative, BEV is dedicated to investing in innovative companies poised to deliver reliable and affordable clean energy solutions without contributing to greenhouse gas emissions. Its core mission revolves around accelerating the development and deployment of breakthrough technologies across five critical sectors: electricity, manufacturing, agriculture, transportation, and buildings, aiming for significant reductions in global emissions.

Investor Profile

Breakthrough Energy Ventures has backed more than 214 startups, with 36 new investments in the last 12 months alone. The firm has led 94 rounds, about 44% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Energy, Renewable Energy, CleanTech.
  • Led 7 rounds in the past year.
  • Typical check size: $5M – $25M.

Stage Focus

  • Series A (33%)
  • Series B (24%)
  • Seed (13%)
  • Series Unknown (10%)
  • Series C (8%)
  • Series D (3%)
  • Grant (3%)
  • Convertible Note (1%)
  • Pre Seed (1%)
  • Series E (1%)

Country Focus

  • United States (82%)
  • Canada (4%)
  • United Kingdom (3%)
  • Sweden (2%)
  • France (1%)
  • Nigeria (1%)
  • Denmark (1%)
  • Spain (1%)
  • Switzerland (1%)
  • Germany (1%)

Industry Focus

  • Energy
  • Renewable Energy
  • Cleantech
  • Manufacturing
  • Sustainability
  • Environmental Engineering
  • Industrial
  • Biotechnology
  • Energy Storage
  • Agtech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Breakthrough Energy Ventures frequently co-invest with?

The Engine
North America, Massachusetts, United States, Cambridge
Co-Investments: 14
MCJ Collective
North America, Massachusetts, United States, Boston
Co-Investments: 11
Prelude Ventures
North America, California, United States, San Francisco
Co-Investments: 26
Equinor Ventures
Europe, Rogaland, Norway, Stavanger
Co-Investments: 9
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 16
Climate Pledge Fund
North America, Washington, United States, Seattle
Co-Investments: 18
Climate Investment
Europe, England, United Kingdom, London
Co-Investments: 9
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 15
Lowercarbon Capital
North America, Wyoming, United States, Jackson
Co-Investments: 28
Capricorn Investment Group
North America, California, United States, Palo Alto
Co-Investments: 13

Which angels does Breakthrough Energy Ventures often collaborate with?

LJ
North America, Ohio, United States, Cleveland
Shared Deals: 2
JD
North America, California, United States, Menlo Park
Shared Deals: 4
JL
North America, Nevada, United States, Las Vegas
Shared Deals: 2
FG
North America, New York, United States, New York
Shared Deals: 2
AK
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 2
JG
North America, California, United States, San Francisco
Shared Deals: 2
RN
North America, Washington, United States, Seattle
Shared Deals: 2
TH
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 2
MC
North America, Texas, United States, Dallas
Shared Deals: 2
KL
North America, Ohio, United States, Cleveland
Shared Deals: 2

What are some of recent deals done by Breakthrough Energy Ventures?

Still Bright

Newark, Delaware, United States

Still Bright has discovered transformative reaction chemistry to enable the rapid, clean, and complete recovery of copper.

EnergyPower GridRenewable Energy
SeedJul 30, 2025
Amount Raised: $18,700,000
Planted Solar

Oakland, California, United States

Planted Solar designs and build solar power plants using software and robots

Clean EnergyEnergyRenewable EnergySolar
Series AJul 29, 2025
Amount Raised: $12,000,000
Hertha Metals

Conroe, Texas, United States

Hertha Metals is a manufacturing industry that designs and manufactures steel from any grade of iron ore without the use of coal.

EnergyManufacturingPrecious Metals
Series UnknownJul 22, 2025
Amount Raised: $17,000,000
GeologicAI

Calgary, Alberta, Canada

GeologicAI is a software company specializes in Oil and Gas software.

EnergyEnterprise SoftwareSoftware
Series BJul 17, 2025
Amount Raised: $44,000,000
Boston Metal

Woburn, Massachusetts, United States

Boston Metal is a metals production company that develops an electric-powered tech to decarbonize steelmaking and metal production.

Building MaterialCleanTechIndustrial ManufacturingManufacturingPrecious Metals
Convertible NoteJul 10, 2025
Amount Raised: $51,000,000
Fervo Energy

Houston, Texas, United States

Fervo Energy develops clean energy technology to generate carbon-free energy from geothermal systems.

EnergyEnergy EfficiencyNuclear
Series UnknownJun 11, 2025
Amount Raised: $100,000,000
Heron Power

Santa Cruz, California, United States

Heron Power is an energy technology startup focused on developing power electronics for the modern electrical grid.

Electrical Distribution
Series AMay 29, 2025
Amount Raised: $38,000,000
GridCARE

Redwood City, California, United States

GridCARE is the ultimate one-stop power solution for AI data centers, providing energy security and resilience at unparalleled speeds.

SeedMay 27, 2025
Amount Raised: $13,500,000
Hoofprint Biome

Raleigh, North Carolina, United States

Hoofprint Biome is a biotechnology company that develops probiotics that improve the sustainability of ruminant livestock production.

Animal FeedBiotechnologyLife ScienceLivestock
Series AApr 29, 2025
Amount Raised: $15,000,000
Electra

Boulder, Colorado, United States

Electra produces clean iron using low-temperature electrochemistry powered by renewables to decarbonize and transform steel production.

EnergyIndustrialRenewable Energy
Series BApr 24, 2025
Amount Raised: $186,000,000