CalCEF Ventures pioneered one of the clean energy industry’s first venture capital fund-of-funds. Formed in 2004 with market-leading investment managers—Nth Power, Element Partners and VantagePoint Venture Partners—our portfolio contains over 40 cleantech companies in such sectors as energy efficiency, centralized and distributed renewable generation, transportation and green building technologies. This diverse portfolio, and our relationships with our investment managers, provides constant insights into the multiple challenges facing the maturing industry, insights which then inform our market and policy strategies.
CalCEF Ventures conceived, created and is the founding limited partner of the CalCEF Clean Energy Angel Fund, the first seed stage–focused investment vehicle in the clean energy market. The Fund is designed to address a persistent and increasingly significant problem in the clean energy industry—the absence of funding for companies at the earliest stage of their development, the so-called “valley of death” problem. The Angel Fund is a separate, for-profit entity independent of CalCEF with multiple individual and institutional LPs. Its objective is to produce an attractive financial return on investment and to meet a critical need in the emerging clean energy industry.