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Piva Capital

North America, California, United States, San Francisco

Description

Piva Capital is a San Francisco-based venture capital firm established in 2019, dedicated to investing in disruptive energy and industrial startups. The firm primarily targets companies that are leveraging innovative technologies to transform traditional sectors, focusing on solutions that drive efficiency, sustainability, and new industrial paradigms. Their investment thesis centers on identifying early-stage to growth-stage companies with high potential for significant market impact within the energy transition, advanced materials, manufacturing, and industrial automation spaces.

Piva Capital raised its inaugural fund, Piva Capital I, with a substantial close of $250 million. This capital is deployed into companies that are developing groundbreaking technologies such as advanced energy storage, carbon capture, industrial AI, and sustainable resource management. The firm is known for its hands-on approach, providing not only capital but also strategic guidance and access to a broad network of industry experts and corporate partners to help its portfolio companies scale and achieve their commercial objectives.

Typically, Piva Capital's initial investment checks range from $5 million to $20 million, primarily targeting Series A and Series B funding rounds, though they may also participate in select seed-stage opportunities. They are committed to supporting their portfolio companies through follow-on investments as they grow and achieve key milestones. The firm's long-term vision is to foster a portfolio of companies that are at the forefront of the global shift towards a more sustainable and technologically advanced industrial future, driving both financial returns and positive environmental and societal impact.

Investor Profile

Piva Capital has backed more than 25 startups, with 4 new investments in the last 12 months alone. The firm has led 11 rounds, about 44% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Germany.
  • Strong thematic focus on Manufacturing, Logistics, Nutrition.
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series B (44%)
  • Series A (28%)
  • Series C (12%)
  • Series Unknown (8%)
  • Series D (8%)

Country Focus

  • United States (96%)
  • Germany (4%)

Industry Focus

  • Manufacturing
  • Logistics
  • Nutrition
  • Biotechnology
  • Electronics
  • Power Grid
  • Artificial Intelligence (Ai)
  • Information Technology
  • Energy
  • Renewable Energy
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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 Piva Capital frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 3
Prelude Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Congruent Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Aliment Capital
North America, California, United States, Santa Monica
Co-Investments: 3
Paladin Capital Group
North America, District of Columbia, United States, Washington
Co-Investments: 2
Breakthrough Energy Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 5
Climate Investment
Europe, England, United Kingdom, London
Co-Investments: 2
Chevron Technology Ventures
North America, Texas, United States, Houston
Co-Investments: 5
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Future Shape
Europe, Ile-de-France, France, Paris
Co-Investments: 2

Which angels does Piva Capital often collaborate with?

DM
North America, California, United States, San Francisco
Shared Deals: 1
Chris Bryson
North America, Ontario, Canada, Toronto
Shared Deals: 1
JD
North America, California, United States, Menlo Park
Shared Deals: 1
TM
North America, California, United States, San Francisco
Shared Deals: 1
BH
North America, California, United States, Palo Alto
Shared Deals: 2
BJ
North America, Florida, United States, Jacksonville
Shared Deals: 1

What are some of recent deals done by Piva Capital?

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
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
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
OneRail

Orlando, Florida, United States

OneRail is a software-as-a-service platform that offers final mile delivery services for enterprise shippers.

Delivery ServiceFreight ServiceLast Mile TransportationLogisticsSaaS
Series CNov 21, 2024
Amount Raised: $42,000,000
Plantible Foods

San Marcos, California, United States

Plantible Foods is a food technology company that develops sustainable plant-based proteins from the aquatic plant lemna.

AgricultureAgTechAlternative ProteinNutrition
Series BNov 15, 2024
Amount Raised: $30,000,000
Pyka

Alameda, California, United States

Pyka develops autonomous electric aircraft to transform agriculture and logistics with innovative technology.

AerospaceAir TransportationAutonomous VehiclesRobotics
Series BSep 23, 2024
Amount Raised: $40,000,000
INERATEC

Karlsruhe, Baden-Wurttemberg, Germany

INERATEC provides sustainable fuels, gas-to-liquid, power-to-gas, and power-to-liquid application products.

Chemical EngineeringEnergyEnvironmental EngineeringRenewable Energy
Series BJan 16, 2024
Amount Raised: $128,367,051
Malta

Cambridge, Massachusetts, United States

Malta is a provider of industrial-grade, grid-scale energy storage, and electro-thermal energy storage solutions for energy industry.

EnergyRenewable EnergySolar
Series UnknownNov 29, 2023
Amount Raised: $21,612,797
Xage Security

Palo Alto, California, United States

Xage is a global leader in zero trust access and protection

BlockchainCyber SecurityIdentity ManagementInformation TechnologyInternet of ThingsNetwork SecuritySecuritySoftware
Series BNov 2, 2023
Amount Raised: $60,150,000
Alloy Enterprises

Somerville, Massachusetts, United States

Alloy Enterprises operates as industry disruptors looking to tackle inefficiencies in conventional manufacturing.

IndustrialIndustrial EngineeringManufacturing
Series AMay 17, 2023
Amount Raised: $26,000,000