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Capricorn
Palo Alto, California, United StatesFounded 1993
Climate & EnergyHardware & SemiconductorsAIHealthcareMobility & TransportationConsumerData & AnalyticsManufacturingDefense & Space
Capricorn Partners is a venture capital firm that invests in innovative, growing companies leveraging technology for a competitive advantage, primarily focusing on digital, health, and clean technologies with a positive global impact. Their strategy aims to generate both financial returns and strategic value through active engagement.
30% of their portfolio is in Climate & Energy. Deal activity increased 1200% year-over-year (13 deals in the last 12 months). Average disclosed round size is $149.9M (across 37 rounds with reported amounts).
Portfolio
40
Fund Size
$414.9M
Top Stage
Series A
Last 12 Mo
13
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
40 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Conxai | Unknown | — | Apr 2026 |
| RRhoda AI | Series D | $450M | Mar 2026 |
 Oska Health | Seed | $11M | Feb 2026 |
 Heron Power | Series D | $140M | Feb 2026 |
| XXyall | Unknown | $7.6M | Feb 2026 |
 Redwood Materials | Series E | $425M | Jan 2026 |
| TTrendtracker | Series A | $7M | Dec 2025 |
| AAzumuta | Series A | $8M | Nov 2025 |
| TTeradar | Series B | $150M | Nov 2025 |
 OpenLight | Series A | $34M | Aug 2025 |
| Heron Power | Series A | $38M | May 2025 |
 Electra | Series D | $129M | Apr 2025 |
| Electra | Series B | $186M | Apr 2025 |
 Twelve | Series C | $200M | Sep 2024 |
 Sprout.ai | Unknown | $6.8M | Oct 2023 |
 Seurat Technologies | Series C | $99M | Oct 2023 |
| VVoxelSensors | Seed | $5M | May 2023 |
 HeartFlow | Series F | $215M | Apr 2023 |
 Xanadu | Series C | $100M | Nov 2022 |
 Erthos, Inc. | Series B | $17.5M | Mar 2022 |
 DMC Biotechnologies | Series B | $34M | Dec 2021 |
| HHelion | Series F | $425M | Nov 2021 |
 Fervo Energy | Unknown | $28M | Apr 2021 |
 LARQ | Series A | $10M | Sep 2020 |
 NUVIA | Series B | $240M | Sep 2020 |
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Top Co-Investors
Breakthrough Energy Ventures6 shared
Temasek Holdings4 shared
Founders Fund4 shared
Mayfield Fund4 shared
Mithril Capital Management3 shared
Valor Equity Partners3 shared
Energy Impact Partners3 shared
Porsche Automobil Holding SE2 shared
Emerson Collective2 shared
Prelude Ventures2 shared
Draper Fisher Jurvetson2 shared
Fidelity Investments2 shared
GV (Google Ventures)2 shared
NVentures2 shared
Goldman Sachs2 shared
Dell Technologies Capital2 shared
Celesta Capital2 shared
Nepenthe LLC2 shared
Toyota AI Ventures2 shared
Sofinnova Partners1 shared
Last updated: 12 April 2026