# Braemar Energy Ventures: portfolio, investments and team

> Braemar Energy Ventures is a vc firm based in United States. 74 investments on record, latest Nov 2018. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/braemar-energy-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Braemar Energy Ventures

Last cheque observed Nov 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $280M, Oct 2023 VC firm

Seed Series A Series B Gas Subscription Biodiversity

Follow Braemar Energy Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbraemar-energy-ventures)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 74 on record

Since the last cheque **2895** days **00** hrs **00** min **00** sec

Median round **$161M** Cheque size, as they say **$5.0M – $25M** Rounds led **0 of 74** Sole investor **5 rounds** Exits **6 from the portfolio** Mostly in **United States, 85%**

Pitch Braemar Energy Ventures

## Braemar Energy Ventures highlights

- 01 74 rounds on record
- 02 Mostly Series B and Series C: 61% of its rounds
- 03 Sole investor in 5 rounds, median $10M
- 04 6 exits from the portfolio

## What they do

> We are reimagining how we move, power, make and build with technology investments that drive energy transition across industry. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $25M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Gas Subscription Biodiversity
- **Based in:** New York, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **74 appearances**

- **2018** 1 round
- **Nov** **[ChargePoint](https://millionrounds.com/company/chargepoint)** Series H · US · FinSMEs **$240M** With 8 others
- **2017** 1 round
- **Mar** **[ChargePoint](https://millionrounds.com/company/chargepoint)** US · FinSMEs **$82M** With 3 others
- **2015** 3 rounds
- **Jul** **[Voxel8](https://millionrounds.com/company/voxel8)** Series A · US **$12M** With 3 others
- **Jun** **[Aledia](https://millionrounds.com/company/aledia)** Series B **$31M** With 7 others
- **Apr** **[Sirrus](https://millionrounds.com/company/sirrus)** Series B · US **Undisclosed** With 3 others
- **2014** 10 rounds
- **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Debt · US **$3.0M** With 5 others
- **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Venture · US **$4.0M** With 4 others
- **Dec** **[Voxel8](https://millionrounds.com/company/voxel8)** US **Undisclosed** Sole investor
- **Sept** **[NexSteppe](https://millionrounds.com/company/nexsteppe)** Series C · US **$22M** With 3 others
- **Jun** **[Next Step Living](https://millionrounds.com/company/next-step-living)** Series D · US **$25M** With 3 others
- **Jun** **[Nuventix](https://millionrounds.com/company/nuventix)** Debt · US **$4.9M** With 5 others
- **May** **[ChargePoint, Inc.](https://millionrounds.com/company/chargepoint-inc)** Series E · US **$23M** With 5 others
- **Apr** **[SCIenergy](https://millionrounds.com/company/scienergy)** Venture · US **$12M** With 4 others
- **Feb** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series E · CA **$22M** With 9 others
- **Feb** **[Powervation](https://millionrounds.com/company/powervation)** Series C · US **$5.5M** With 3 others
- **2013** 11 rounds
- **Dec** **[Utilidata](https://millionrounds.com/company/utilidata)** Series B · US · finsmes.com **$20M** With 3 others
- **Nov** **[Solicore](https://millionrounds.com/company/solicore)** Series A · US · pehub.com **$4.0M** With 5 others
- **Oct** **[Sefaira](https://millionrounds.com/company/sefaira)** Venture · US · pehub.com **$7.2M** With 2 others
- **Aug** **[CoalTek](https://millionrounds.com/company/coaltek)** US · marketbrief.com **$750K** With 2 others
- **Jul** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series C · CA · canadianprivateequity.com **Undisclosed** With 7 others
- **Jul** **[Ioxus](https://millionrounds.com/company/ioxus)** Series C · US · finsmes.com **$15M** With 5 others
- **Jun** **[Enerkem](https://millionrounds.com/company/enerkem)** Series D · CA · newswire.ca **$49M** With 4 others
- **Jun** **[Enerkem](https://millionrounds.com/company/enerkem)** Growth · CA **$49M** With 4 others
- **Jun** **[SageCloud](https://millionrounds.com/company/sagecloud)** Series B · US · finance.yahoo.com **$10M** With 1 other
- **May** **[Convey Computer](https://millionrounds.com/company/convey-computer)** Growth · US · sec.gov **$15M** With 3 others
- **Apr** **[Aledia](https://millionrounds.com/company/aledia)** Series A · FR · finsmes.com **$13M** With 3 others
- **2012** 11 rounds
- **Dec** **[MC10](https://millionrounds.com/company/mc10)** Series C · US · mc10inc.com **$10M** With 6 others
- **Dec** **[Stion](https://millionrounds.com/company/stion)** Growth · US · bizjournals.com **$25M** With 2 others
- **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Series C · US · news.yahoo.com **$7.0M** With 4 others
- **Dec** **[Proterro](https://millionrounds.com/company/proterro)** Series A · US **$3.5M** With 4 others
- **Jul** **[EcoMotors](https://millionrounds.com/company/ecomotors)** Series C · US · finsmes.com **$33M** With 2 others
- **Apr** **[Sefaira](https://millionrounds.com/company/sefaira)** Series A · US · finance.yahoo.com **$11M** With 2 others
- **Mar** **[Albeo Technologies](https://millionrounds.com/company/albeo-technologies)** Series C · US · sec.gov **$6.5M** With 1 other
- **Mar** **[Lumenergi](https://millionrounds.com/company/lumenergi)** Series B · US · finsmes.com **$6.2M** With 2 others
- **Mar** **[Sirrus](https://millionrounds.com/company/sirrus)** Series A · US · finsmes.com **$14M** With 2 others
- **Mar** **[NexSteppe](https://millionrounds.com/company/nexsteppe)** US **Undisclosed** With 2 others
- **Feb** **[Utilidata](https://millionrounds.com/company/utilidata)** US · pcsutilidata.com **Undisclosed** Sole investor
- **2011** 12 rounds
- **Dec** **[NexSteppe](https://millionrounds.com/company/nexsteppe)** Series B · US · finsmes.com **$14M** With 1 other
- **Dec** **[Stion](https://millionrounds.com/company/stion)** Growth · US · finsmes.com **$130M** With 5 others
- **Jul** **[Enerkem](https://millionrounds.com/company/enerkem)** Series C · CA · enerkem.com **$31M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

DR **Dennis Ray Costello** Partner, Braemar Capital Management III, L.P. i Form ADV

DD **Don D. Tappan** Officer i Filing they signed

NS **Neil Scott Suslak** Partner, Braemar Capital Management III, L.P. i Form ADV

WD **William D. Lese** Partner, Braemar Capital Management III, L.P. i Form ADV

We also hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$240M** gross assets of its funds, 3 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Braemar Capital Management III, L.P.
- **SEC number:** CRD 295530

## What they claim to have backed

From their own portfolio page (on their website)

**20** of 32 we have independently watched raise

[A123 Systems](https://millionrounds.com/company/a123-systems)[Aledia](https://millionrounds.com/company/aledia)[BrightVolt](https://millionrounds.com/company/brightvolt)[ChargePoint](https://millionrounds.com/company/chargepoint)[Convey Computer](https://millionrounds.com/company/convey-computer)[Enerkem](https://millionrounds.com/company/enerkem)[Fulham](https://millionrounds.com/company/fulham)[General Fusion](https://millionrounds.com/company/general-fusion)[Getaround](https://millionrounds.com/company/getaround)[Grid Net](https://millionrounds.com/company/grid-net)[IOXUS](https://millionrounds.com/company/ioxus)[MC10](https://millionrounds.com/company/mc10)[Metalenz](https://millionrounds.com/company/metalenz)[Proterro](https://millionrounds.com/company/proterro)[Sefaira](https://millionrounds.com/company/sefaira)[Sirrus](https://millionrounds.com/company/sirrus)[UtiliData](https://millionrounds.com/company/utilidata)[Verenium](https://millionrounds.com/company/verenium)[Voxel8](https://millionrounds.com/company/voxel8)[ZincFive](https://millionrounds.com/company/zincfive) Albeo Carbonfree Chemicals Flywheel Fractal Systems Katech Luminus Nuventix OPX Biotechnologies Powervation Renew Financial Solazyme Utility

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **6 in all**

**[Powervation](https://millionrounds.com/company/powervation)** Bought by [ROHM Semiconductor](https://millionrounds.com/fund/rohm-semiconductor) **$70M** Jul 2015

**[Nuventix](https://millionrounds.com/company/nuventix)** Bought by Aavid Thermalloy **Undisclosed** Jul 2014

**[Lumenergi](https://millionrounds.com/company/lumenergi)** Bought by Fulham **Undisclosed** Aug 2013

**[Luminus Devices](https://millionrounds.com/company/luminus-devices)** Bought by Lightera **$22M** Jun 2013

**[Albeo Technologies](https://millionrounds.com/company/albeo-technologies)** Bought by General Electric (GE) **Undisclosed** Nov 2012

**[EnerNOC](https://millionrounds.com/company/enernoc)** Listed **Undisclosed** May 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$280M**

raised in Oct 2023

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$161M** the round, not its cheque Alone, median **$10M**

Led 0 of 74 rounds **0%**

- **Said size:** $5.0M – $25M
- **Sole investor:** 5 rounds
- **Last cheque:** Nov 2018
- **Exits:** 6 from the portfolio

Rounds by stage said on their site

- Series B said *20*
- Series C *15*
- Series A said *10*
- Growth said *7*
- Venture *5*
- Seed said *-*
- Pre-IPO said *-*

Cheques by year Led Joined

2004 2018

Often in the room with

- [Rho Capital Partners](https://millionrounds.com/fund/rho-capital-partners) 15
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 8
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 7
- [CenterPoint Ventures](https://millionrounds.com/fund/centerpoint-ventures) 6
- [The Westly Group](https://millionrounds.com/fund/westly-group) 6
- [VentureTech Alliance](https://millionrounds.com/fund/venturetech-alliance) 6

**Pitching Braemar Energy Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Braemar Energy Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Rho Capital Partners** Private equity **15** rounds together](https://millionrounds.com/fund/rho-capital-partners)[**Intel Capital** Corporate VC **8** rounds together](https://millionrounds.com/fund/intel-capital)[**Lightspeed Venture Partners** VC firm **7** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**CenterPoint Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/centerpoint-ventures)[**The Westly Group** VC firm **6** rounds together](https://millionrounds.com/fund/westly-group)[**VentureTech Alliance** Growth equity **6** rounds together](https://millionrounds.com/fund/venturetech-alliance)[**Khosla Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Scottish Equity Partners** Private equity **5** rounds together](https://millionrounds.com/fund/scottish-equity-partners)[**Cycle Capital** Private equity **4** rounds together](https://millionrounds.com/fund/cycle-capital)[**DFJ** VC firm **4** rounds together](https://millionrounds.com/fund/dfj)[**GE Energy Financial Services** Investment firm **4** rounds together](https://millionrounds.com/fund/ge-energy-financial-services)[**Harris & Harris Group** Growth equity **4** rounds together](https://millionrounds.com/fund/harris-and-harris-group)

## Recently backed

The latest companies Braemar Energy Ventures put money into.

[**ChargePoint** $240M · Nov 2018](https://millionrounds.com/company/chargepoint)

## Quick answers about Braemar Energy Ventures

### What does Braemar Energy Ventures invest in?

Braemar Energy Ventures invests most often at Series B and Series C (61% of the rounds on record), in sectors such as Gas, Subscription and Biodiversity.

### How active is Braemar Energy Ventures?

74 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2018.

### What has Braemar Energy Ventures invested in recently?

Its most recent investments on record: ChargePoint (Series H, Nov 2018).

### How big are Braemar Energy Ventures's cheques?

The median round it joins is $161M. It says it writes cheques of $5.0M to $25M.

### Does Braemar Energy Ventures lead rounds?

Rarely, if at all: none of its 74 investments on record names it as the lead.

### Where does Braemar Energy Ventures invest?

Most of the companies it backs are in the United States (85%) and Canada (13%).

### Is Braemar Energy Ventures investing now?

No investments in the last 12 months; the latest was in Nov 2018.

### Who does Braemar Energy Ventures invest alongside?

Most often Rho Capital Partners (15 rounds together), Intel Capital (8 rounds together) and Lightspeed Venture Partners (7 rounds together).

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