Prelude Ventures
Consultancy : Company : Venture Capital
Prelude Ventures is a venture capital firm partnering with entrepreneurs to address climate change. Since 2013, we have invested in over 60 companies across advanced energy, food and agriculture, transportation and logistics, advanced materials and manufacturing, and advanced computing. We have a long-term commitment to the sector, accept informed risks, and couple a fundamental emphasis on venture-level returns with an understanding of deep-tech and hardware development timelines. Prelude manages capital exclusively for Simons family philanthropic entities and is a founding member of the Breakthrough Energy Coalition.
Assembly Line
☀️ Terabase Energy Raises $44 Million Series B to Digitalize and Automate the Deployment of Utility-Scale Solar Power Plants
Terabase Energy today announced a $44 million Series B financing co-led by Breakthrough Energy Ventures and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase’s total funding to $52 million and will be used to support the company’s mission to reduce the cost and increase the scalability of solar by building a digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.
Citrine Informatics Raises $16M in Series C Financing
Citrine Informatics, the leading provider of artificial intelligence software for materials, chemicals, and manufactured product development, announced the successful close of a $16 million Series C funding round. The round was led by Prelude Ventures and Innovation Endeavors, with participation from Drive Catalyst (Far Eastern Group), Alumni Ventures, ISAI Cap Venture, Presidio Ventures, and others.
This latest round of funding will be used to further accelerate the growth and development of Citrine’s AI-driven materials and chemical design platform, which is already in use by leading companies across materials, chemicals, formulated products, and manufacturing industries to improve the efficiency and effectiveness of their product development processes.
LuxWall Receives Funding Led by Breakthrough Energy Ventures and Prelude Ventures
LuxWall, Inc., a provider of vacuum insulated glass (VIG) solutions designed to significantly reduce carbon emissions in the built environment, today announced completion of a company financing. Breakthrough Energy Ventures (BEV) and Prelude Ventures led the round with participation from Baruch Future Ventures.