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Clean Energy Venture Group

North America, Massachusetts, United States, Brookline

Description

Clean Energy Venture Group (CEVG) is a prominent angel investment group based in Brookline, Massachusetts, specializing in providing seed capital and strategic management expertise to early-stage companies within the clean energy sector. Founded with a mission to accelerate the transition to a sustainable energy future, CEVG primarily focuses on businesses developing innovative technologies and business models across various segments of the clean energy value chain. Their investment approach targets companies in their foundational stages, typically participating in seed and Series A funding rounds.

The group's investment thesis centers on identifying high-potential ventures that can significantly impact renewable energy generation, energy storage, energy efficiency, smart grid solutions, and sustainable transportation. CEVG is known for its hands-on approach, leveraging the deep industry experience of its members, who are seasoned entrepreneurs and investors. This collective expertise allows them to offer more than just capital, providing crucial guidance and operational support to their portfolio companies as they navigate the complexities of market entry and growth.

Financially, Clean Energy Venture Group typically deploys initial investments ranging from $250,000 to $1,000,000. This strategic range allows them to provide meaningful early-stage funding while often co-investing with other angel groups or venture capital firms to support larger rounds. Since its inception, CEVG has built a robust portfolio, having invested in over 40 companies. This extensive track record underscores their commitment to fostering innovation and scaling promising solutions in the clean energy landscape, contributing significantly to the sector's development.

Investor Profile

Clean Energy Venture Group has backed more than 62 startups, with 3 new investments in the last 12 months alone. The firm has led 6 rounds, about 10% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Energy, Renewable Energy, Manufacturing.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (34%)
  • Seed (31%)
  • Series Unknown (10%)
  • Convertible Note (10%)
  • Series B (8%)
  • Angel (2%)
  • Corporate Round (2%)
  • Debt Financing (2%)
  • Pre Seed (2%)
  • Series C (2%)

Country Focus

  • United States (94%)
  • Canada (5%)

Industry Focus

  • Energy
  • Renewable Energy
  • Manufacturing
  • Energy Efficiency
  • Clean Energy
  • Cleantech
  • Software
  • Power Grid
  • Solar
  • Big Data
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Clean Energy Venture Group frequently co-invest with?

LaunchPad Venture
North America, Massachusetts, United States, Newton
Co-Investments: 8
LaunchCapital
North America, Connecticut, United States, New Haven
Co-Investments: 4
Fontinalis Partners
North America, Michigan, United States, Detroit
Co-Investments: 3
Congruent Ventures
North America, California, United States, San Francisco
Co-Investments: 3
DSM Venturing
Europe, Limburg, The Netherlands, Heerlen
Co-Investments: 2
SV
North America, Tennessee, United States, Nashville
Co-Investments: 2
Clean Energy Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 22
King Hill Capital
North America, Massachusetts, United States, Boston
Co-Investments: 3
Massachusetts Clean Energy Center
North America, Massachusetts, United States, Boston
Co-Investments: 3
Marker Hill Capital
North America, Colorado, United States, Denver
Co-Investments: 3

Which angels does Clean Energy Venture Group often collaborate with?

David Pogue
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
LM
North America, California, United States
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
David Brewster
North America, Massachusetts, United States, Boston
Shared Deals: 1
EA
North America, New Hampshire, United States, Portsmouth
Shared Deals: 1
Shared Deals: 1
JM
North America, Massachusetts, United States, Boston
Shared Deals: 1

What are some of recent deals done by Clean Energy Venture Group?

Queens Carbon

Pine Brook, New Jersey, United States

Queens Carbon is working on a processing system that will dramatically cut energy use.

B2BConsultingManufacturing
SeedApr 30, 2025
Amount Raised: $10,000,000
Electrified Thermal Solutions

Medford, Massachusetts, United States

Electrified Thermal Solutions replace fossil fuels with renewable heat in every furnace, turbine, boiler and kiln to decarbonize industry.

EnergyFossil FuelsFuelRenewable Energy
Series UnknownDec 12, 2024
Amount Raised: $19,000,000
PeakSyncer

New York, New York, United States

Energy Managment, Artificial Intelligence, SaaS

Artificial Intelligence (AI)Energy ManagementSaaS
SeedAug 12, 2024
Amount Raised: $3,100,000
Cala Systems

Boston, Massachusetts, United States

We design, manufacture, and sell the world's first intelligent heat pump water heater.

EnergyEnergy EfficiencyRenewable Energy
SeedJan 10, 2024
Amount Raised: $5,600,000
Carbon Upcycling

Calgary, Alberta, Canada

Carbon Upcycling is a carbontech company delivering technology to decarbonize hard-to-abate industries.

Advanced MaterialsBuilding MaterialCarbon CaptureCleanTechConstructionWaste Management
Series AJul 31, 2023
Amount Raised: $26,100,000
VoltServer

East Greenwich, Rhode Island, United States

VoltServer develops innovative power distribution products based on the company's patented Digital Electricity technology.

Electrical DistributionEnergyManufacturing
Series BApr 19, 2023
Amount Raised: $17,500,000
QEA Tech

Toronto, Ontario, Canada

QEA Tech is a software company that combines AI, drone technology, and thermal imaging to provide insights into the building envelope.

AnalyticsBuilding MaintenanceCleanTechEnvironmental ConsultingGreen BuildingSmart Building
SeedApr 19, 2023
Amount Raised: $1,633,295
Kuva Systems

Cambridge, Massachusetts, United States

Kuva Systems is an industrial IoT solutions company that provides emissions monitoring and quantification of methane and VOC.

EnergyEnvironmental ConsultingIndustrialIndustrial AutomationManufacturingOil and Gas
Series AJan 25, 2023
Amount Raised: $11,300,000
GreenPortfolio

New York, New York, United States

GreenPortfolio helps users invest sustainably with its climate impact ratings and AI-powered financial advisor matching.

AdviceClean EnergyConsumerPersonal Finance
AngelJul 31, 2022
Electrified Thermal Solutions

Medford, Massachusetts, United States

Electrified Thermal Solutions replace fossil fuels with renewable heat in every furnace, turbine, boiler and kiln to decarbonize industry.

EnergyFossil FuelsFuelRenewable Energy
SeedJul 20, 2022
Amount Raised: $4,500,000