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Elemental Excelerator

North America, Hawaii, United States, Honolulu

Description

Elemental Excelerator is a distinctive non-profit investor based in Honolulu, Hawaii, dedicated to scaling climate solutions that deliver significant social impact for all communities. Unlike traditional venture capital firms, Elemental provides project funding and strategic support, rather than solely equity investments, to accelerate the deployment of climate technologies. This unique model allows them to focus on de-risking innovative solutions and demonstrating their real-world viability, particularly in underserved communities.

The organization's investment thesis centers on supporting startups across critical sectors such as energy, water, agriculture, mobility, and the circular economy. Elemental's approach is highly hands-on, extending beyond capital provision to include crucial project deployment assistance, navigation of policy landscapes, and fostering community engagement. They help companies overcome barriers to scale by facilitating pilot projects and connecting innovators with the resources and partnerships needed to bring their solutions to market effectively.

Elemental Excelerator typically offers project funding of up to $1 million per company, often structured as non-dilutive grants or convertible notes for specific deployments. Since its inception, the organization has supported over 160 climate technology companies, playing a pivotal role in their early growth and market validation. Their portfolio companies have collectively gone on to raise more than $10 billion in follow-on funding from other investors, underscoring the significant leverage and validation provided by Elemental's unique blend of capital and operational support. This demonstrates their commitment to fostering a robust ecosystem for climate innovation that prioritizes both environmental and social returns.

Investor Profile

Elemental Excelerator has backed more than 212 startups, with 25 new investments in the last 12 months alone. The firm has led 120 rounds, about 57% of its total and boasts 25 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Convertible Note, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Software, Energy, Renewable Energy.
  • Led 15 rounds in the past year.
  • Typical check size: $150K – $1M.

Stage Focus

  • Series Unknown (32%)
  • Convertible Note (15%)
  • Seed (14%)
  • Grant (13%)
  • Non Equity Assistance (9%)
  • Series A (7%)
  • Pre Seed (4%)
  • Series B (4%)
  • Series D (1%)

Country Focus

  • United States (80%)
  • United Kingdom (4%)
  • Canada (3%)
  • Australia (2%)
  • Germany (2%)
  • Spain (2%)
  • Italy (1%)
  • India (1%)
  • Mexico (1%)
  • New Zealand (1%)

Industry Focus

  • Software
  • Energy
  • Renewable Energy
  • Cleantech
  • Agriculture
  • Solar
  • Sustainability
  • Transportation
  • Clean Energy
  • Energy Efficiency
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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 Elemental Excelerator frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
Congruent Ventures
North America, California, United States, San Francisco
Co-Investments: 4
City Light Capital
North America, New York, United States, New York
Co-Investments: 3
Overture VC
North America, California, United States, Los Angeles
Co-Investments: 4
Echo River Capital
North America, California, United States, Belvedere Tiburon
Co-Investments: 5
Dangerous Ventures
North America, California, United States, Los Angeles
Co-Investments: 3
American Family Insurance Institute for Corporate and Social Impact
North America, Wisconsin, United States, Madison
Co-Investments: 2
CityRock Venture Partners
North America, New York, United States, New York
Co-Investments: 2
Accelr8
North America, Massachusetts, United States, Boston
Co-Investments: 2
Cleo Capital
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Elemental Excelerator often collaborate with?

HF
North America, New York, United States, New York
Shared Deals: 1
JD
North America, California, United States, Menlo Park
Shared Deals: 1
Ashish Goel
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
JS
North America, New York, United States, New York
Shared Deals: 1
TS
North America, California, United States, San Francisco
Shared Deals: 1
Alok Mittal
Asia, Haryana, India, Gurgaon
Shared Deals: 1
RP
North America, California, United States, Los Angeles
Shared Deals: 1
NH
North America, California, United States, San Francisco
Shared Deals: 1
JF
North America, United States
Shared Deals: 1
CC
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Elemental Excelerator?

HIVED

London, England, United Kingdom

Hived is a supply chain, logistics, and delivery company offering a sustainable parcel delivery service.

Delivery ServiceLogisticsSupply Chain Management
Series BJul 3, 2025
Amount Raised: $42,363,848
SparkCharge

Somerville, Massachusetts, United States

SparkCharge is a climate technology company that offers mobile charging stations for electric vehicles.

AutomotiveCharging InfrastructureElectric VehicleGreenTech
Series AMay 20, 2025
Amount Raised: $15,500,000
Verdi Expeditions

Vancouver, British Columbia, Canada

Verdi Expeditions is a scalable platform for agricultural automation and tailored plant health.

Farming
SeedMay 15, 2025
Amount Raised: $4,657,315
Verdi

Vancouver, British Columbia, Canada

Bringing the benefits of indoor farming to the 99% of crops growing outdoors.

AgricultureArtificial Intelligence (AI)Information ServicesInformation Technology
SeedMay 15, 2025
Amount Raised: $4,657,315
Capture6

Berkeley, California, United States

Capture6 is a direct air capture start-up leveraging its technology to support climate resilience and industrial decarbonization.

Carbon CaptureClean EnergyCleanTechGreenTech
Series AMar 11, 2025
Amount Raised: $27,500,000
Nitricity

Stanford, California, United States

Nitricity is an energy company that creates renewable nitrogen fertilizer production with zero carbon emissions.

AgricultureChemicalEnergyMachinery ManufacturingRenewable Energy
Series UnknownMar 4, 2025
Amount Raised: $10,000,000
Mast Reforestation

Seattle, Washington, United States

Mast Reforestation is a tech-led reforestation company that provides seedling, project management, and carbon removal credits for forests.

CleanTechEnvironmental EngineeringForestryNatural ResourcesRenewable EnergySocial Impact
Series BFeb 11, 2025
Amount Raised: $25,000,000
Bedrock Energy

Austin, Texas, United States

Bedrock Energy develops drilling technology and advanced subsurface simulation software to enable geothermal heating and cooling.

CommercialConstruction
Series AJan 22, 2025
Amount Raised: $12,000,000
Origen

Long Ashton, North Somerset, United Kingdom

Origen offers limestone-based direct air capture technology to reduce atmospheric CO2 levels.

ConsultingEnvironmental ConsultingEnvironmental Engineering
Series AJan 16, 2025
Amount Raised: $13,000,000
FORAY bioscience

Cambridge, Massachusetts, United States

FORAY bioscience is a biotechnology company that uses biomanufacturing techniques to produce wood products.

BiotechnologyManufacturingWood Processing
Convertible NoteDec 11, 2024