Venture capital fund · 3 deals
Every published round Breakthrough Energy Ventures took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Type One Energy | Seed | 2 Aug 2024 | $82.5m | Lead | Forbes Australia, TechCrunch Australia | |
| Rumin8 | Seed | 26 Jan 2023 | $17 | Lead | Startup Daily (Thu 26 Mar 2026), AgFunderNews (Wed 3 Apr 2024), Crunchbase News, Startup News (WA), AgFunderNews (Thu 26 Jan 2023), SmartCompany (Thu 26 Jan 2023), Startup Daily (Mon 23 Jan 2023), SmartCompany (Mon 23 Jan 2023) | |
| Rumin8 | Seed | 24 Jan 2023 | $25m | Lead | Techboard, SmartCompany, Beef Central / Grain Central |
Companies Breakthrough Energy Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Rumin8 | 24 Jan 2023, Seed | 2 | 2 | |
| Type One Energy | 2 Aug 2024, Seed | 1 | 1 |
Investors that coverage says has money in a fund Breakthrough Energy Ventures runs. This is a stake in the fund, not in any company the fund has backed.
| Investor | Fund | Sources |
|---|---|---|
| Bill Gates | - | Crunchbase News, @AuManufacturing, RenewEconomy |
| Bill Gates | Breakthrough Energy Ventures | Crunchbase News, SmartCompany |
| Jeff Bezos | - | SmartCompany (Thu 26 Jan 2023), SmartCompany (Mon 23 Jan 2023), RenewEconomy (Fri 2 Jul 2021), RenewEconomy (Thu 11 Mar 2021) |
| Jeff Bezos | Breakthrough Energy Ventures | Crunchbase News, SmartCompany |
| Sir Richard Branson | - | SmartCompany (Thu 26 Jan 2023), SmartCompany (Mon 23 Jan 2023), RenewEconomy |
Companies Breakthrough Energy Ventures has backed that another company then bought. An exit for the holding, not a deal Breakthrough Energy Ventures did.
Stories naming Breakthrough Energy Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Fusion startup Type One Energy has pulled in a $53.5m extension to its seed round, led by Breakthrough Energy Ventures with Foxglove Ventures and GD1 taking part, to accelerate its stellarator reactor plans.
Also Forbes Australia
Roundup of venture-funded startups reengineering everyday foods with unusual ingredients, detailing recent raises by Onego Bio, Planet A Foods, Savor, Perfect Day, Ripple Foods and Sydney-based Eden Brew.
A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.
Year-end Crunchbase column recapping five distinctive 2023 raises: Cortical Labs, Forward, Neura Robotics, KoBold Metals and Living Carbon, with amounts, backers and one stated valuation.
Also TechCrunch Venture
Crunchbase data analysis ranking the busiest cleantech investors, led by Lowercarbon Capital, and citing large sustainability rounds at Loam Bio, Our Next Energy, Ohmium and Palmetto Clean Technology.
Wollemi Capital, the Sydney climate investor, has closed a $220m raise, past its initial $100m goal, backed by CBA, Trawalla and others; the article recalls its bets on Loam Bio, Pluton Bio and Pachama.
A biotech startup making a methane-cutting cattle feed additive has raised pre-seed capital from four backers, with the piece also recalling recent emissions-focused raises by two other Perth ventures.
Also AgFunderNews·AgFunderNews·SmartCompany·SmartCompany·AgFunderNews
A survey of waste-management startups covering livestock and human waste ventures, their cumulative funding, Rumin8's January round led by Breakthrough Energy Ventures, and accelerator and corporate partnerships in the sector.
Calix's cement and lime decarbonisation subsidiary Leilac has signed an MOU licensing its electric kiln technology to direct air capture firm Heirloom, with both companies' chief executives commenting on the collaboration.
Gates discussed livestock emissions in a Lowy Institute session, recalling his firm Breakthrough Energy Ventures' investment in Western Australian methane-supplement startup Rumin8, and praised Australian agriculture and climate policy.
Weekly agrifoodtech deal roundup: grocery and agtech startups announce new funding rounds, an Australian feed-additive startup lands backing, several acquisitions and a shutdown occur, and a protein fund launches.
Also AgFunderNews
Weekly roundup covering three Australian raises: Rumin8's climate tech funding led by Breakthrough Energy Ventures, Ferronova's biotech round led by Renew Pharmaceuticals, and EMVision's stroke imaging milestone payment.
WA climate tech firm Rumin8 closed the second phase of its seed round, raising US$12 million from Breakthrough Energy Ventures and Harvest Road Group, with existing climate fund investors topping up their holdings.
Also SmartCompany·Techboard
Breakthrough Energy Ventures, the fund led by Bill Gates, took part in a $17.24 million round for Perth climate startup Rumin8, whose cattle feed additives cut methane; Prelude Ventures, Aware Super and Harvest Road also invested.
Also Startup Daily·SmartCompany·AgFunderNews·Startup Daily·Startup News (WA)·AgFunderNews·Crunchbase News
Weekly agrifoodtech roundup covering several food and agtech funding rounds, a research grant for Crop One, a grocery delivery partnership, and the closure of Australian startup YourGrocer.
Breakthrough Energy Ventures and Prelude Ventures backed Terabase Energy's Series B, with the article also recalling the fund's earlier investment in air conditioning startup Blue Frontier.
Mining major Rio Tinto has joined Bill Gates' fund and other industrial and cleantech backers in a US$198 million Series B for hydrogen electrolyser developer Electric Hydrogen; Fortescue's electrolyser investments are also noted.
Form Energy unveiled its iron-air long-duration battery and announced a $US200 million Series D led by ArcelorMittal's XCarb fund, which invested $US25 million; earlier backers include Bezos, Breakthrough Energy Ventures and Macquarie Capital.
Opinion piece by Hydrostor and Energy Estate executives arguing compressed air storage can serve Australia's grid, citing Hydrostor's financing round with Meridiam, its Broken Hill project, and overseas storage investments.
Israeli green hydrogen startup H2Pro has closed a US$22 million Series A2 round led by Bill Gates' Breakthrough Energy Ventures alongside Breakthrough Energy Ventures Europe and IN Venture, backing its efficient water-splitting technology.
Analysis arguing tech billionaires' funds are investing in mining startups, citing past backing of KoBold Metals and Lilac Solutions, and urging Australian junior miners to position for this interest.
A US utility will pilot Gates-backed Form Energy's long-duration aqueous air flow battery, promising 150 hours of grid storage, with Australian-linked backers and solar players mentioned.