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    DI

    Devonshire Investors

    Boston, Massachusetts, United StatesFounded 1992
    Climate & EnergyHealthcareConsumer

    Devonshire Investors is the private equity arm of Fidelity Investments, focusing on long-term investments in a diverse range of private companies. They typically invest in growth-stage businesses across various sectors, often taking significant stakes.

    50% of their portfolio is in Climate & Energy. Average disclosed round size is $83.8M (across 6 rounds with reported amounts).

    Find people at Devonshire Investors on Goldilocks AI

    Portfolio

    6

    Fund Size

    —

    Top Stage

    Series E

    Last 12 Mo

    0

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    6 investments
    CompanyRoundAmountDate
    Mainspring Energy, Inc. logoMainspring Energy, Inc.Series D$95MMay 2021
    Commonwealth Fusion Systems logoCommonwealth Fusion SystemsSeries A$84MMay 2020
    Commonwealth Fusion Systems logoCommonwealth Fusion SystemsSeries C$84MMay 2020
    Iora Health logoIora HealthSeries F$126MFeb 2020
    Iora Health logoIora HealthSeries E$100MMay 2018
    Beekeeper's Naturals logoBeekeeper's NaturalsUnknown$14M—

    Top Co-Investors

    Khosla Ventures5 shared
    Temasek Holdings3 shared
    Equinor3 shared
    .406 Ventures2 shared
    Flare Capital Partners2 shared
    Polaris Venture Partners2 shared
    Breakthrough Energy Ventures2 shared
    The Engine2 shared
    Eni Next2 shared
    Future Fund2 shared
    Moore Strategic Ventures2 shared
    Safar Partners2 shared
    Schooner Capital2 shared
    Starlight Ventures2 shared
    F-Prime Capital1 shared
    GE Ventures1 shared
    Humana1 shared
    Premji Invest1 shared
    Cox Enterprises1 shared
    Hostplus1 shared

    Last updated: 15 April 2026