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Founded in 1996 by Scott Ungerer, EnerTech Capital is a private investment firm headquartered in Wayne, Pennsylvania, with additional offices in Toronto, Philadelphia, Montreal, Calgary, and Menlo Park. The firm has over 25 years of experience in the venture capital space, managing approximately $500 million in capital commitments and achieving 35 successful exits. EnerTech Capital focuses on early to mid-stage companies that enhance energy efficiency and profitability.
Throughout its history, EnerTech has built a diverse portfolio of 73 companies, demonstrating its commitment to innovation in the energy and power industries. The firm operates across North America, emphasizing its presence in key markets such as Canada and the United States. Notable milestones include the successful exit of Sofdesk, which was sold to Enphase Energy, showcasing the firm's ability to identify and nurture high-potential startups.
EnerTech Capital invests primarily in early to mid-stage companies that provide innovative products and services aimed at improving energy production and consumption. The firm concentrates on three core areas: Mobility, Industry 4.0, and Connected Customer technologies. Their investment strategy emphasizes utility and grid-edge technologies, which are crucial for enhancing energy efficiency.
The firm typically invests in companies that demonstrate a strong potential for profitability and scalability. EnerTech Capital seeks founders who are not only innovative but also possess a deep understanding of their respective markets. The firm prefers to engage in deal structures that allow for active involvement in the growth of portfolio companies, often providing strategic guidance and access to a network of industry experts.
EnerTech Capital's portfolio includes a diverse range of companies focused on energy innovation. Notable portfolio companies include:
This diverse portfolio reflects EnerTech's commitment to investing in companies that enhance energy efficiency and profitability across various sectors.
Wally Hunter: Managing Partner with extensive experience in venture capital and energy innovation.
Scott Ungerer: Founder & Managing Partner, known for his contributions to the energy sector and as a TechCrunch author.
Dean Sciorillo: Managing Director with a focus on investment strategy and portfolio management.
Jarett Carson: Managing Director specializing in energy technologies and market analysis.
Gian Vergnetti: Partner with expertise in energy efficiency and technology investments.
Terry Bishop: Executive in Residence, providing strategic insights and guidance to portfolio companies.
Angie Fischer: Executive with a background in energy management and operational support.
Nagar Rahmani: Special Advisor, previously with Wittington Ventures, focusing on energy and mobility investments.
Hanif Joshaghani: Executive in Residence, offering mentorship and strategic direction.
Susan Brennan: Executive in Residence with experience in energy sector operations.
Michelle Murcia: Executive supporting portfolio company growth and development.
Jiajia Zhou: Associate involved in deal sourcing and analysis.
To pitch EnerTech Capital, founders should use the contact information available on their website. A detailed pitch deck should include the business model, market analysis, financial projections, and the team’s background. EnerTech Capital prefers warm introductions but will consider direct pitches through their website.
Response times may vary, but founders can generally expect feedback within a few weeks of submission.
EnerTech Capital operates a **Mobility Advisory Board**, which includes industry experts who guide investments in the mobility sector. Additionally, the firm has a **Strategic Partners Program** that offers tailored benefits to corporate partners, enhancing collaboration and resource sharing.
In May 2024, EnerTech Capital received a $10 million investment from Allison Transmission's venture arm, enhancing its access to emerging technologies in the energy sector.
EnerTech Capital has been active in the venture capital space since its founding in 1996, demonstrating a long-standing commitment to energy innovation.
The firm continues to expand its portfolio, focusing on companies that improve energy production and consumption efficiency.
What are EnerTech Capital's investment criteria?
EnerTech Capital focuses on early to mid-stage companies that provide innovative solutions in energy, mobility, AI, and IoT sectors. The firm looks for companies that demonstrate strong potential for profitability and scalability, particularly those enhancing energy efficiency.
How can I apply or pitch to EnerTech Capital?
Founders can pitch to EnerTech Capital through their website at enertechcapital.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes EnerTech Capital different from other venture firms?
EnerTech Capital distinguishes itself through its extensive experience in energy innovation and its focus on transformative sectors. The firm provides strategic guidance and access to a network of industry experts, which can significantly benefit portfolio companies.
What is EnerTech Capital's geographic scope?
The firm operates primarily in North America, with a strong presence in Canada and the United States. EnerTech Capital has offices in multiple cities, including Toronto, Philadelphia, and Montreal.
What is EnerTech Capital's fund size and check size?
EnerTech Capital currently manages a fund size of approximately $150 million. The firm typically invests in early to mid-stage companies, with check sizes varying based on the specific needs of the startup.
What kind of post-investment involvement does EnerTech Capital have?
EnerTech Capital actively engages with its portfolio companies, providing strategic guidance, access to industry experts, and networking opportunities. The firm often participates in board meetings and supports follow-on investments as needed.
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