Energize Capital, formerly known as Energize Ventures, has closed its second growth fund, bringing its total capital commitments for its growth equity platform to $300 million. This brings Energize's assets under management to $1.2 billion, surpassing $860 million in total committed capital from LPs. The company has changed its name to Energize Capital to reflect its extended strategy into growth equity and its focus on supporting enduring climate software businesses.
The demand for growth capital in the climate market is high, with a shortage of providers. Energize Capital aims to be the go-to partner for entrepreneurs as they scale. The company's expertise lies in scaling asset-light digital climate solutions for the new energy economy. Energize has made investments in several climate software companies and has seen significant growth in its portfolio's software revenue. The company is backed by a diverse set of LPs and has invested in 26 climate software companies to date.