Virescent Ventures is Australia's largest specialist climate tech venture capital manager, investing in founders and technologies driving the global transition to net zero. The firm was established in 2022 out of the Clean Energy Innovation Fund and manages over $500 million across its funds, investing from pre-seed to growth stage in sectors including clean energy, mobility, food and agriculture, and circular economy.
40% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (1 deal in the last 12 months vs 4 prior). Their most common stage is series-a (80% of deals). Average disclosed round size is $30.1M (across 4 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Series A
Last 12 Mo
1
Team
Ben Gust
Managing Partner
Kristin Vaughan
Managing Partner
Blair Pritchard
Partner
Alex Oppes
Investment Director
Madison Benton
Climate Tech Investor
Mathew Velcic
Cleantech VC Investor
Francesca Qu
VC
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
Top Co-Investors
Last updated: 20 October 2026