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Exit Ventures is a venture capital firm established in 2023 by Paul Burgon, focusing on early-stage investments in climate technology and sustainability. The firm operates primarily in the United States and has a distinctive investment strategy that emphasizes engaging corporate acquirers before making investments. This approach allows Exit Ventures to de-risk their deals and facilitate quicker exits for their portfolio companies.
As of its acquisition in October 2025 by KittyHawk, Exit Ventures had a reported AUM of $3 billion, derived from strategic acquisitions executed by its partners. The firm primarily targets Series A and B funding rounds, leveraging a global network of strategic acquirers to validate technologies and streamline due diligence processes. The firm’s focus on sustainability aligns with the increasing demand for impactful investments in the climate tech sector.
Exit Ventures specializes in investments within the climate tech sector, including clean energy, sustainable materials, and alternatives to single-use plastics. The firm targets Series A and B funding rounds, employing a rigorous selection process to identify companies that align with their strategic acquisition criteria. Their investment strategy revolves around the 'Strategic Exit System,' which emphasizes pre-investment engagement with potential acquirers to ensure alignment and support for portfolio companies.
This unique approach not only de-risks investments but also accelerates the path to strategic exits. Exit Ventures seeks to partner with founders who demonstrate a strong commitment to sustainability and innovation in the clean tech space. The firm’s geographic focus is primarily on the United States, but it maintains a network of global strategic acquirers to enhance its investment strategy.
Exit Ventures has made a notable investment in Solubag USA, a company dedicated to developing water-soluble alternatives to single-use plastics. The firm led a $4.5 million Series A investment in Solubag, which is utilizing the funds to expand its operations globally. This investment exemplifies Exit Ventures' commitment to supporting innovative solutions in the climate tech sector.
While the firm has a limited portfolio, its focus on strategic exits and partnerships with corporate acquirers positions it uniquely within the venture capital landscape. The emphasis on sustainability and clean technology remains a core aspect of their investment philosophy, aligning with the growing demand for environmentally responsible solutions.
Paul Burgon - Founder, now KittyHawk Frontier Partner. Paul has over 30 years of investment and operating experience, having led nearly 100 M&A and corporate venture capital transactions totaling $3 billion. He co-created the Danaher acquisition and corporate venture system and has held prior roles at Danaher, Steel Partners, and SWK Holdings. Paul is also recognized for his contributions to the Angel Capital Association, where he spoke at the 2024 Summit.
In October 2025, Exit Ventures was acquired by KittyHawk, marking a significant transition for the firm. Following the acquisition, Paul Burgon joined KittyHawk as a Frontier Partner, where he leads Energy & Climate investments. The Exit Ventures brand has since been integrated into KittyHawk's Frontier funds, effectively dissolving its independent operations.
Prior to the acquisition, Exit Ventures made headlines for leading a $4.5 million Series A investment in Solubag USA, a company focused on developing water-soluble alternatives to single-use plastics. This investment was aimed at supporting Solubag's global expansion and revenue growth.
What are Exit Ventures' investment criteria?
Exit Ventures focuses on early-stage companies in the climate tech sector, specifically those in Series A and B funding rounds. They prioritize investments in clean energy, sustainable materials, and alternatives to single-use plastics. The firm employs a rigorous selection process to ensure alignment with potential acquirers.
How can founders pitch to Exit Ventures?
Founders interested in pitching to Exit Ventures should prepare a detailed presentation that outlines their business model, market potential, and alignment with sustainability goals. A warm introduction through their network may enhance the chances of securing a meeting.
What makes Exit Ventures different from other VC firms?
Exit Ventures utilizes a unique 'exit before entry' strategy, engaging corporate acquirers prior to making investments. This approach helps to de-risk deals and accelerates the exit process, providing a distinct advantage for portfolio companies.
What is the geographic focus of Exit Ventures?
The firm primarily invests in the United States but maintains a global network of strategic acquirers to support its investment strategy.
What kind of support does Exit Ventures provide to its portfolio companies?
Exit Ventures facilitates connections with strategic industrial partners and helps navigate the complexities of the climate tech landscape, ensuring that investments are aligned with potential acquirers.
What is the fund size of Exit Ventures?
While the exact fund size is not publicly disclosed, Exit Ventures has an AUM of approximately $3 billion, derived from strategic acquisitions executed by its partners.
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