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Congruent Ventures

North America, California, United States, San Francisco

Description

Congruent Ventures is a prominent early-stage venture capital firm exclusively dedicated to climate technology and sustainable solutions. Based in San Francisco, the firm strategically invests in companies at the Seed and Series A stages, focusing on innovations that address critical environmental challenges and drive the transition to a low-carbon economy. Their investment thesis spans a broad spectrum of climate-related sectors, including renewable energy, sustainable mobility, food and agriculture technology, industrial decarbonization, and enterprise software designed for climate impact.

The firm has demonstrated significant growth in its capital base, reflecting increasing investor confidence in the climate tech sector and Congruent's specialized approach. They closed their first fund in 2017 with $27 million, followed by a $50 million second fund in 2020. Most recently, Congruent Ventures announced the close of their third fund at $100 million in 2023, bringing their total assets under management to approximately $177 million. This capital enables them to provide substantial initial investments, typically ranging from $500,000 to $3 million, while also reserving significant capital for follow-on rounds to support their portfolio companies' long-term growth.

Beyond capital, Congruent Ventures is known for its deep domain expertise and hands-on approach, leveraging a team with extensive operational experience in climate and energy sectors. They actively support founders in navigating the complexities of commercializing climate technologies, from regulatory hurdles to market adoption. Their portfolio includes over 50 companies, underscoring their commitment to building a diverse ecosystem of impactful climate solutions. This focused strategy and robust financial backing position Congruent Ventures as a key player in accelerating innovation within the global climate tech landscape.

Investor Profile

Congruent Ventures has backed more than 126 startups, with 15 new investments in the last 12 months alone. The firm has led 36 rounds, about 29% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Energy, Renewable Energy.
  • Led 5 rounds in the past year.
  • Typical check size: $500K – $3M.

Stage Focus

  • Series A (37%)
  • Seed (35%)
  • Series B (15%)
  • Series Unknown (5%)
  • Series C (4%)
  • Series D (2%)
  • Pre Seed (2%)
  • Convertible Note (1%)

Country Focus

  • United States (98%)
  • Canada (2%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Energy
  • Renewable Energy
  • Solar
  • Artificial Intelligence (Ai)
  • Robotics
  • Internet Of Things
  • Manufacturing
  • Information Technology
  • Food And Beverage
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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 Congruent Ventures frequently co-invest with?

MCJ Collective
North America, Massachusetts, United States, Boston
Co-Investments: 8
National Grid Partners (NGP)
North America, California, United States, Los Gatos
Co-Investments: 8
Prelude Ventures
North America, California, United States, San Francisco
Co-Investments: 12
Acre Venture Partners
North America, California, United States, Santa Monica
Co-Investments: 5
Blue Bear Capital
North America, California, United States, Los Angeles
Co-Investments: 9
Obvious Ventures
North America, California, United States, San Francisco
Co-Investments: 8
Breakthrough Energy Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 6
Powerhouse Ventures
North America, California, United States, Oakland
Co-Investments: 6
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 6
Capricorn Investment Group
North America, California, United States, Palo Alto
Co-Investments: 5

Which angels does Congruent Ventures often collaborate with?

JM
Europe, Gloucestershire, United Kingdom, Berkeley
Shared Deals: 2
DU
North America, California, United States
Shared Deals: 1
KM
North America, California, United States, San Francisco
Shared Deals: 2
JN
North America, California, United States, Los Angeles
Shared Deals: 2
NJ
North America, California, United States, Los Angeles
Shared Deals: 2
JT
North America, Georgia, United States, Atlanta
Shared Deals: 1
LR
North America, California, United States, Palo Alto
Shared Deals: 2
JV
North America, California, United States, San Francisco
Shared Deals: 2
ML
North America, California, United States, Portola Valley
Shared Deals: 1
PR
North America, California, United States, San Mateo
Shared Deals: 2

What are some of recent deals done by Congruent Ventures?

Pano

San Francisco, California, United States

Pano uses deep learning AI and computer vision to automatically detect, verify and classify wildfire events in real time.

Artificial Intelligence (AI)HardwarePublic SafetySoftware
Series BJun 16, 2025
Amount Raised: $44,000,000
Muon Space

Mountain View, California, United States

Muon Space is a space systems company that designs, builds, and operates LEO satellite constellations for earth intelligence missions.

AerospaceInformation ServicesInformation Technology
Series BJun 12, 2025
Amount Raised: $44,500,000
Parallel Systems

Los Angeles, California, United States

Parallel Systems is an autonomous, battery-electric rail system that aims to transition freight transportation from trucking to rail.

Autonomous VehiclesFreight ServiceGreenTechTransportation
Series BApr 14, 2025
Amount Raised: $38,000,000
Adaptive insurance

Austin, Texas, United States

The provider of climate insurance is called adaptive insurance.

Insurance
SeedFeb 25, 2025
Amount Raised: $5,000,000
Presto

Oakland, California, United States

Presto is a software platform to power magical charging experiences for fleets, mobility providers, and businesses.

Information TechnologyInternet
SeedFeb 6, 2025
Amount Raised: $15,000,000
VEIR

Woburn, Massachusetts, United States

VEIR develops superconducting wires for electrical transmission that are used in data centers and renewable energy sectors.

Electrical DistributionPower GridSolar
Series BJan 28, 2025
Amount Raised: $75,000,000
Bonsai Robotics

San Jose, California, United States

Bonsai Robotics provides vision-based automation solutions for off-road vehicles, such as agricultural machines.

Industrial AutomationMachinery ManufacturingRobotics
Series AJan 28, 2025
Amount Raised: $15,000,000
Fervo Energy

Houston, Texas, United States

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

EnergyEnergy EfficiencyNuclear
Series DDec 19, 2024
Amount Raised: $135,000,000
Raptor Maps

Somerville, Massachusetts, United States

Raptor Maps provides performance intelligence solutions for solar asset management.

Asset ManagementData VisualizationDronesEnergySolar
Series CDec 10, 2024
Amount Raised: $35,000,000
AMP

Louisville, Colorado, United States

AMP utilizes AI-powered sortation to enhance recycling efficiency and reduce costs.

Artificial Intelligence (AI)Machine LearningRecyclingRoboticsWaste Management
Series DDec 5, 2024
Amount Raised: $91,000,000