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Clean Energy Ventures is a venture capital and private equity firm investing in companies reducing greenhouse gases through their production or use of energy that is headquartered in Boston, Massachusetts and was founded in 2017 by the Clean Energy Ventures Group. Clean Energy Ventures is interested in companies that provide solar solutions, material solutions, recycled insulation, power distribution products, and transportation systems in the United States. Notable investments made by Clean Energy Ventures include: Boston Materials, Pearl, Rebound Technologies, Leading Edge Crystal Technologies, ConnectDER, and SparkMeter. The firm is led by David S. Miller, Daniel Goldman, and Temple Fennell.
On October 15, 2019, Clean Energy Ventures announced raising $110 million for their first venture capital fund, the Clean Energy Venture Fund. The firm plans on using their first fund to invest in energy companies in the United States and Canada. The managing director of Clean Energy Ventures made the following public statement regarding the firm's first venture capital fund:
After more than a decade of investing in the advanced energy sector, it’s been gratifying that this first fund, which is focused on investments that address climate risks, was significantly oversubscribed. It’s really indicative not only of investors’ appetite for innovation in these sectors, but also of the new normal in which this kind of funding is possible without compromising return on investment.
