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Exascale Fund, co-founded by Chris Anderson, is an early-stage investment organization based in the United States. The firm focuses on supporting entrepreneurs who are developing scalable technologies to combat climate change. Founded with a mission to back innovative solutions, Exascale Fund operates with an evergreen structure, allowing for patient capital without the pressure of fixed exit timelines. This structure enables the firm to engage with startups from the concept stage through to proven tests and commercial rollout.
As of now, Exascale Fund has a portfolio of 10 companies and is actively involved in the climate technology sector. The firm’s approach is characterized by flexibility in geography and investment sizes, making it well-suited to support a diverse array of climate technology ventures. Notable milestones include the merger of Virya LLC into Exascale Fund in Q1 2024, further solidifying its commitment to addressing climate challenges.
Exascale Fund invests in technologies aimed at tackling climate change, specifically in sectors such as clean energy, carbon capture, sustainable agriculture, and energy storage. The firm engages with startups at various stages, from pre-seed to Series A, providing the necessary support to help them scale their innovations. The fund's investment strategy is flexible regarding geography and check sizes, allowing it to adapt to the unique needs of each venture.
The firm’s thesis, termed 'The era of exa,' highlights the projected increase in global clean electricity demand to 430 exajoules by 2050, up from approximately 100 exajoules currently. Exascale Fund seeks to back entrepreneurs who are building the infrastructure necessary for this exponential growth in clean energy. This focus on long-term sustainability and innovation positions Exascale Fund as a key player in the climate technology investment landscape.
Exascale Fund's portfolio includes 10 companies that are innovating in various aspects of climate technology:
This diverse portfolio reflects Exascale Fund's commitment to supporting a wide range of solutions aimed at mitigating climate change.
Chris Anderson: Co-Founder of Exascale Fund, known for curating TED Conferences. He brings a wealth of experience in fostering innovative ideas and technologies.
Additional team members have not been publicly named, but the firm is known for its focus on climate technology and supporting entrepreneurs in this sector.
To pitch to Exascale Fund, founders should visit their website at exa.vc. It is recommended to include a comprehensive deck that outlines the business model, market opportunity, and technology details. The fund does not specify a formal application process, but a well-prepared pitch can significantly enhance the chances of engagement.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review of the pitch.
In Q1 2024, Exascale Fund merged with Virya LLC, enhancing its capabilities and focus on climate technology investments. This merger signifies a strategic move to consolidate resources and expertise in addressing climate challenges.
What are Exascale Fund's investment criteria?
Exascale Fund invests in early-stage companies focused on climate technology, specifically in sectors such as clean energy, carbon capture, and energy storage. The firm engages with startups from pre-seed to Series A stages.
How can I apply or pitch to Exascale Fund?
Founders can pitch their ideas through the Exascale Fund website at exa.vc. It is advisable to include a clear business model, market analysis, and details on the technology being developed.
What makes Exascale Fund different from other investors?
Exascale Fund operates with an evergreen structure, allowing for patient capital without fixed exit timelines. This enables the firm to support startups over a longer period, fostering deeper partnerships.
What is the geographic scope of Exascale Fund's investments?
While Exascale Fund is based in the United States, it maintains a flexible approach to geography, allowing it to invest in climate technology ventures globally.
What is the typical check size for investments?
Exascale Fund does not publicly disclose specific check sizes, but it is known to be flexible regarding investment amounts to accommodate the needs of different startups.
What kind of post-investment involvement can founders expect?
Exascale Fund provides strategic support and patient capital to its portfolio companies, helping them navigate the challenges of scaling their technologies.
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