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    Clean Energy Ventures

    Boston, Massachusetts, United StatesFounded 2005
    cleanenergyventures.comLinkedIn
    Climate & Energy

    Clean Energy Ventures (CEV) is a Boston-based venture capital firm investing in early-stage climate tech startups and clean energy technologies with the potential for multi-gigaton-scale GHG emissions reduction. The firm closed its $305 million Fund II in May 2024 and has been investing together for over 15 years.

    49% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (3 deals in the last 12 months vs 6 prior). Their most common stage is seed (46% of deals). Average disclosed round size is $11.9M (across 36 rounds with reported amounts).

    Find people at Clean Energy Ventures on Goldilocks AI

    Portfolio

    37

    Fund Size

    $305M

    Top Stage

    Seed

    Last 12 Mo

    3

    Team

    Dan Goldman

    Dan Goldman

    Co-Founder & Managing Partner

    David S. Miller, PhD.

    David S. Miller, PhD.

    Co-Founder & Managing Partner

    Raffi Freeman

    Raffi Freeman

    CFO, Nth cycle; Co-Founder & Managing Partner, Izuba Energy

    Temple Fennell

    Temple Fennell

    Co-Founder & Managing Partner

    Coleman Adams

    Coleman Adams

    Former Managing Director at Crescendo Power

    John Santoleri

    John Santoleri

    Former Managing Director Warburg Pincus, CFO Dimensional Energy

    Peter Sopher

    Peter Sopher

    CFO, DG Matrix; former investment partner, CEV

    Yi Jean Chow

    Yi Jean Chow

    Investment Partner

    Louis (Lou) Schick

    Louis (Lou) Schick

    Director of Investments

    Amy Zhao

    Amy Zhao

    Principal

    Matt Cohen

    Matt Cohen

    Principal

    Shanbor Gupta

    Shanbor Gupta

    Principal

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    39 investments
    CompanyRoundAmountDate
    DG Matrix logoDG MatrixSeries A$60MFeb 2026
    NexDash logoNexDashSeed—Nov 2025
    OxCCU logoOxCCUSeries B$28MSep 2025
    Exterra Carbon Solutions logoExterra Carbon SolutionsUnknown—May 2025
    PPeelOnSeed$1MJan 2025
    Electrified Thermal logoElectrified ThermalSeries A$19MDec 2024
    ConnectDER logoConnectDERSeries D$35MDec 2024
    Transaera logoTransaeraSeed$8.2MNov 2024
    Ayrton Energy logoAyrton EnergySeed$6.8MSep 2024
    Cala logoCalaSeed$5.6MAug 2024
    AAepnusSeed$8MJun 2024
    Aepnus Technology logoAepnus TechnologySeed$8MJun 2024
    Evari logoEvariSeed$7.5MMar 2024
    EElectrified Thermal SolutionsUnknown$19MJan 2024
    Advanced Ionics logoAdvanced IonicsSeries A$12.5MAug 2023
    Carbon Upcycling logoCarbon UpcyclingUnknown$26MJul 2023
    CCarbon UpcyclingUnknown$26MJul 2023
    it's electric logoit's electricPre-Seed$2.2MMar 2023
    Voltserver logoVoltserverSeries B$17.5MJan 2023
    CCopper LabsSeed$5.5MMar 2022
    Travertine logoTravertineSeed$8.5MJan 2022
    LLeading Edge EquipmentSeries A$7.6MOct 2020
    SparkMeter logoSparkMeterSeries A$12MAug 2020
    LineVision logoLineVisionSeries A$2MJan 2018
    Solantro logoSolantroSeries B$11MJan 2015
    Page 1 of 2

    Top Co-Investors

    Breakthrough Energy Ventures4 shared
    GVP Climate3 shared
    BDC Capital3 shared
    Lowercarbon Capital3 shared
    New York Angels3 shared
    Launchpad Capital3 shared
    Powerhouse Ventures2 shared
    MassMutual2 shared
    Starlight Ventures2 shared
    EDP Ventures2 shared
    Massachusetts Clean Energy Center2 shared
    SOSV2 shared
    Impact Science Ventures2 shared
    Voyager Ventures2 shared
    Gravity Climate Fund2 shared
    MUUS Climate Partners2 shared
    CRH Ventures2 shared
    Amplify Partners2 shared
    Cemex Ventures2 shared
    Climate Investment2 shared

    Last updated: 8 September 2026