Orion Industrial Ventures (OIV) is the dedicated venture capital platform of Orion Resource Partners, investing in companies developing technologies to decarbonize industry and enable a sustainable supply of critical minerals, materials, and new energy solutions.
44% of their portfolio is in Climate & Energy. Deal activity increased 67% year-over-year (5 deals in the last 12 months). Average disclosed round size is $60.6M (across 16 rounds with reported amounts).
Portfolio
14
Fund Size
$43M
Top Stage
Series B
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
18 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 THEA | Series B | $100M | May 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Zanskar | Series B | $115M | Jan 2026 |
| LLoopX | Seed | $4.0M | Jan 2026 |
 Thea Energy | Series B | $100M | Jan 2026 |
 Alta Resource Technologies | Seed | $10M | May 2025 |
 VerAI Discoveries | Series B | $24M | Feb 2025 |
 Verai | Series B | $24M | Feb 2025 |
 Mangrove | Unknown | $35M | Jan 2025 |
 Mangrove Lithium | Unknown | $35M | Jan 2025 |
 SiTration | Growth | — | Jun 2024 |
| SiTration | Seed | $11.8M | Jun 2024 |
| Thea Energy | Series A | $20M | Feb 2024 |
 Ceibo | Series B | $30M | Jun 2023 |
| Zanskar | Series A | — | — |
| Zanskar | Series C | $115M | — |
Top Co-Investors
Lowercarbon Capital9 shared
Union Square Ventures6 shared
University Growth Fund5 shared
Obvious Ventures5 shared
UP.Partners5 shared
StepStone Group5 shared
Spring Lane Capital5 shared
Safar Partners5 shared
Carica Sustainable Investments5 shared
Cross Creek5 shared
GVP Climate5 shared
Clearvision Ventures5 shared
Hitachi Ventures3 shared
Starlight Ventures3 shared
Prelude Ventures3 shared
Blumberg Capital2 shared
Chrysalix Venture Capital2 shared
Insight Partners2 shared
First Star Ventures2 shared
Last updated: 7 October 2026