Invenergy Future Fund has closed its first $150m fund. It has invested $30m of this to date in five start-ups that focus on edge-of-grid technology. The fund is managed by the Australian Renewable Energy Agency (ARENA) and was set up with a $200m grant from the US Department of Energy. The fund is looking for series B or C opportunities in the $5m to $8m range. Invenergy has also rebranded as Energize Ventures.
Invenergy Future Fund has closed its first $150m fund. It has invested $30m of this to date in five start-ups that focus on edge-of-grid technology. Areas of interest for future funding include microgrids, behind-the-meter building energy management technologies and battery storage. The fund is looking for series B or C opportunities in the $5m to $8m range. Invenergy has also rebranded as Energize Ventures.