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Breakthrough Energy Ventures

Founders Bill Gates Jack Ma Jeff Bezos John Doerr Vinod Khosla

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 161
Average round size
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The average size of a deal this fund participated in
$44M
Portfolio companies 99
Rounds per year 17.89
Lead investments 22
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Exits 2
Key employees 5

Areas of investment

  • Energy
  • Renewable Energy
  • CleanTech
  • Manufacturing
  • Sustainability
Summary

Breakthrough Energy Ventures appeared to be the VC, which was created in 2015. The fund was located in Europe if to be more exact in France. The leading representative office of defined VC is situated in the Paris.

The fund is constantly included in 7-12 investment rounds annually. The important activity for fund was in 2019. The usual things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this VC is 53 percentage points more often commits exit comparing to other organizations.

Among the most popular fund investment industries, there are Chemical, Energy. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight QuantumScape, Pivot Bio, Commonwealth Fusion. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. The fund has exact preference in a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Breakthrough Energy Ventures, startups are often financed by Pangaea Ventures, Volkswagen Group, Sand Hill Angels. The meaningful sponsors for the fund in investment in the same round are The Engine, Sofinnova Partners, Prelude Ventures, LLC. In the next rounds fund is usually obtained by OGCI Climate Investments.

The fund was created by Bill Gates, Jack Ma, Jeff Bezos, John Doerr, Vinod Khosla. The overall number of key employees were 5.

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Related Funds

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Breakthrough Energy Ventures:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Lilac Solutions

Advanced Materials
Chemical
Energy Storage
Natural Resources
$145M12 Feb 2024 Rhode Island, United States

Heart Aerospace

Aerospace
$107M01 Feb 2024 Gothenburg, Västra Götaland County, Sweden

Albedo

Big Data
Geospatial
$35M23 Jan 2024 Denver, Colorado, United States

Fourth Power

Energy
Renewable Energy
$19M12 Dec 2023 Cambridge, Massachusetts, United States

EnerSoft

Energy
Software
$10M25 Sep 2023 Calgary, Canada

ZeroAvia

Aerospace
Air Transportation
CleanTech
$116M18 Sep 2023 California, United States

Boston Metal

Building Material
CleanTech
$122M06 Sep 2023 Woburn, Massachusetts, United States

Sortera Alloys

Artificial Intelligence
Information Technology
Manufacturing
$30M30 Aug 2023 Fort Wayne, Indiana, United States

Yard Stick PBC

Environmental Engineering
Renewable Energy
$10M17 Aug 2023 Cambridge, Massachusetts, United States
News
ClearFlame Engine Technologies Raises $17M in Series A Funding

– ClearFlame Engine Technologies, a Geneva, Ill.-based startup dedicated to the development of net-zero engine technology, secured $17m in Series A financing.
– The round was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.
– The company intends to use the funds to commercialize its engine technology for the long-haul trucking, agriculture and power generation sectors.

Lilac Solutions Announces $150 Million Series B to Scale Lithium Supply for the Electric Vehicle Era

– Lilac Solutions announced a $150m Series B financing round led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates.
– The round was also joined by Mercuria Energy Trading and Valor Equity Partners; existing investors Breakthrough Energy Ventures and The Engine also participated in the round.
– Lilac has developed a new ion exchange technology to increase production of lithium from brine resources.
– Lilac will use the new funds to ramp production of the company’s unique ion exchange beads, expand its teams of engineers and field operators, and deploy the technology globally.
– Most of the world’s lithium is contained in brine resources – naturally occurring deposits of salt water. These brines are abundant, but resource developers have struggled to bring projects into production due to a lack of cost-effective technology.

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Total investments 161
Average round size 44M
Rounds per year 17.89
Peak activity year 2021
Lead investments 22
Follow on index 0.38
Exits 2
Group Appearance index 0.89

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Lilac Solutions

Advanced Materials
Chemical
Energy Storage
Natural Resources
$145M12 Feb 2024 Rhode Island, United States

Heart Aerospace

Aerospace
$107M01 Feb 2024 Gothenburg, Västra Götaland County, Sweden

Albedo

Big Data
Geospatial
$35M23 Jan 2024 Denver, Colorado, United States

Fourth Power

Energy
Renewable Energy
$19M12 Dec 2023 Cambridge, Massachusetts, United States

EnerSoft

Energy
Software
$10M25 Sep 2023 Calgary, Canada

ZeroAvia

Aerospace
Air Transportation
CleanTech
$116M18 Sep 2023 California, United States

Boston Metal

Building Material
CleanTech
$122M06 Sep 2023 Woburn, Massachusetts, United States

Sortera Alloys

Artificial Intelligence
Information Technology
Manufacturing
$30M30 Aug 2023 Fort Wayne, Indiana, United States

Yard Stick PBC

Environmental Engineering
Renewable Energy
$10M17 Aug 2023 Cambridge, Massachusetts, United States
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