Evergy Ventures

Evergy Ventures, previously known as GXP Investments, operates as the non-regulated venture capital arm of Evergy, Inc., a prominent electric utility serving approximately 1.6 million customers across Kansas and Missouri. Based in Kansas City, Missouri, the firm strategically invests in innovative technologies and companies that are shaping the future of the energy sector. Their investment thesis is deeply aligned with the evolving landscape of utility operations, focusing on areas such as grid modernization, renewable energy integration, energy storage solutions, smart city technologies, distributed energy resources, and enhanced customer engagement platforms.

The firm's approach is that of a strategic corporate venture capital investor, aiming to not only provide capital but also to leverage Evergy's extensive industry expertise, operational infrastructure, and customer base to accelerate the growth of its portfolio companies. This symbiotic relationship allows Evergy Ventures to identify and support technologies that can directly benefit Evergy's core business, improve grid reliability, enhance sustainability efforts, and deliver value to its customers. They typically engage with companies from early-stage (Seed) through growth-stage (Series B and C) rounds, seeking to build long-term partnerships.

Evergy Ventures is known for its flexible investment approach, with initial first cheques generally ranging from $250,000 up to $5,000,000. This range allows them to support a diverse set of startups, from those just beginning to prove their concept to more established companies seeking to scale. Their commitment to fostering innovation within the energy ecosystem underscores their role as a key player in the transition towards a cleaner, more efficient, and resilient energy future, actively seeking out solutions that can be integrated into large-scale utility operations.