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Prithvi Ventures is a venture capital fund based in Chicago, founded in 2020. The firm specializes in investing in early-stage startups that focus on climate technologies aimed at reducing greenhouse gas emissions. With a fund size of approximately $57 million, Prithvi Ventures has executed over 30 deals and has achieved notable early performance metrics, including a 3.08x multiple on invested capital (MOIC) and a net internal rate of return (IRR) of 17.14%.
The firm emphasizes backing university spinouts, which often possess unique technology-to-market opportunities. This focus allows Prithvi Ventures to support founders who are addressing significant environmental challenges. The firm is a member of Greentown Labs, a prominent clean energy incubator located in Boston, which enhances its connections within the clean energy sector.
Prithvi Ventures primarily invests in pre-seed and seed stage startups, targeting innovative solutions in climate technology. The sectors of interest include carbon capture, battery management, methane monitoring, and broader areas such as fintech, AI, healthcare, and Web3. The firm seeks to drive Net Zero goals through its investments, actively participating in the clean energy ecosystem.
Investment checks typically range from $100,000 to $2 million, allowing the firm to support a variety of early-stage ventures. Prithvi Ventures operates across multiple geographies, including the USA, Singapore, the United Kingdom, Australia, South Africa, and Canada. The firm’s investment thesis emphasizes backing hyper ambitious startups that tackle climate change, particularly those with monopolistic technology-to-market potential.
Prithvi Ventures has invested in a diverse portfolio of over 30 companies, although specific names of notable portfolio companies are not disclosed. The firm focuses on startups that are developing innovative solutions to pressing environmental issues, particularly in the climate technology sector.
While details on notable exits are not specified, the firm has successfully executed four exits, indicating a strong performance in its investment strategy. The portfolio reflects a commitment to supporting early-stage companies that align with the firm’s mission of reducing greenhouse gas emissions and achieving sustainability.
On February 1, 2025, Prithvi Ventures made its most recent investment in Cyclops, a company providing environmental services in the B2B sector. This investment reflects the firm’s ongoing commitment to supporting innovative solutions in the climate technology space.
What are Prithvi Ventures' investment criteria?
Prithvi Ventures focuses on early-stage startups in the climate technology sector, particularly those in pre-seed and seed stages. The firm looks for innovative solutions that address significant environmental challenges, especially those that can lead to reductions in greenhouse gas emissions.
How can founders apply or pitch to Prithvi Ventures?
Founders interested in pitching to Prithvi Ventures should prepare a detailed presentation that outlines their technology, market potential, and team. While specific application forms or portals are not mentioned, reaching out through professional networks or connections within the clean energy ecosystem may facilitate introductions.
What makes Prithvi Ventures different from other VC firms?
Prithvi Ventures distinguishes itself by its exclusive focus on climate technology and its commitment to supporting university spinouts with unique technology-to-market opportunities. The firm emphasizes high-conviction ideas and aims to drive Net Zero goals through its investments.
What is the geographic scope of Prithvi Ventures' investments?
The firm invests in startups across several countries, including the USA, Singapore, the United Kingdom, Australia, South Africa, and Canada. This broad geographic reach allows Prithvi Ventures to tap into diverse markets and innovative solutions worldwide.
What is the typical check size for investments?
Prithvi Ventures typically invests between $100,000 and $2 million in its portfolio companies, providing sufficient capital to support early-stage growth and development.
What kind of post-investment support does Prithvi Ventures provide?
Prithvi Ventures adds value to its portfolio companies by leveraging its expertise in climate technology and its connections within the clean energy ecosystem. The firm provides guidance to help founders navigate the complexities of bringing their innovative technologies to market.
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