# Northwater Capital: portfolio, investments and team

> Northwater Capital is a vc firm. 27 investments on record, latest Sept 2014. Portfolio, stages, co-investors and team.

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

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

# Northwater Capital

Last cheque observed Sep 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Series B Series C Series A Cleantech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 27 on record

Since the last cheque **4437** days **00** hrs **00** min **00** sec

Median round **$9.0M** Rounds led **0 of 27** Sole investor **3 rounds** Exits **2 from the portfolio** Mostly in **United States, 78%**

Pitch Northwater Capital

## Northwater Capital highlights

- 01 27 rounds on record
- 02 Mostly Series B and Series C: 70% of its rounds
- 03 Sole investor in 3 rounds, median $15M
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Cleantech
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **27 appearances**

- **2014** 3 rounds
- **Sept** **[Legend3D](https://millionrounds.com/company/legend3d)** Series C · US **$10M** With 1 other
- **Jul** **[MTPV](https://millionrounds.com/company/mtpv)** Series B · US **$11M** With 2 others
- **Apr** **[VanDyne SuperTurbo](https://millionrounds.com/company/vandyne-superturbo)** Series C · US **$15M** Sole investor
- **2013** 6 rounds
- **Jul** **[LiquidPiston](https://millionrounds.com/company/liquidpiston)** Series C · US · finsmes.com **$6.5M** With 1 other
- **Jul** **[Ioxus](https://millionrounds.com/company/ioxus)** Series C · US · finsmes.com **$15M** With 5 others
- **Jun** **[Skyonic](https://millionrounds.com/company/skyonic)** Series C · US · finance.yahoo.com **$39M** With 5 others
- **Feb** **[Temporal Power](https://millionrounds.com/company/temporal-power)** Series B · CA · temporalpower.com **$10M** With 5 others
- **Feb** **[Legend3D](https://millionrounds.com/company/legend3d)** Series B · US · finsmes.com **$8.0M** With 1 other
- **Jan** **[Arctic Sand Technologies](https://millionrounds.com/company/arctic-sand-technologies)** Series A · US · finsmes.com **$9.6M** With 3 others
- **2012** 7 rounds
- **Jun** **[Skyonic](https://millionrounds.com/company/skyonic)** Series C · US · skyonic.com **$9.0M** With 4 others
- **Apr** **[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Series B · CA · finsmes.com **$3.0M** With 1 other
- **Feb** **[VanDyne SuperTurbo](https://millionrounds.com/company/vandyne-superturbo)** Series C · US · prnewswire.com **$8.0M** Sole investor
- **Feb** **[Noble Biomaterials](https://millionrounds.com/company/noble-biomaterials)** Series B · US · finsmes.com **$8.0M** With 2 others
- **Jan** **[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Series B · CA · finsmes.com **$5.0M** With 1 other
- **Jan** **[MTPV](https://millionrounds.com/company/mtpv)** Series B · US · finsmes.com **$3.3M** With 1 other
- **Jan** **[ThinkVine](https://millionrounds.com/company/thinkvine)** Series C · US · finsmes.com **$8.0M** With 4 others
- **2011** 5 rounds
- **Dec** **[Legend3D](https://millionrounds.com/company/legend3d)** Series E · US · finsmes.com **$19M** With 1 other
- **Jul** **[Unique Solutions Design](https://millionrounds.com/company/unique-solutions-design)** Series A · CA · finsmes.com **$30M** Sole investor
- **Jun** **[General Compression](https://millionrounds.com/company/general-compression)** Series B · US · masshightech.com **$34M** With 2 others
- **Apr** **[Ioxus](https://millionrounds.com/company/ioxus)** Series B · US · techcrunch.com **$21M** With 3 others
- **Jan** **[LiquidPiston](https://millionrounds.com/company/liquidpiston)** Series B · US · finsmes.com **$5.0M** With 1 other
- **2010** 1 round
- **Mar** **[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Series A · CA · techcrunch.com **$7.0M** With 3 others
- **2008** 1 round
- **Jan** **[Intrinsity](https://millionrounds.com/company/intrinsity)** Series E · US **$32M** With 4 others
- **2007** 2 rounds
- **Nov** **[China Rapid Finance](https://millionrounds.com/company/china-rapid-finance)** Series B · CN · crfchina.com **$21M** With 3 others
- **Mar** **[Airgain](https://millionrounds.com/company/airgain)** Series F · US **$5.5M** With 1 other
- **2006** 1 round
- **Mar** **[Airgain](https://millionrounds.com/company/airgain)** Venture · US · airgain.com **$4.1M** With 1 other
- **2005** 1 round
- **Jul** **[Airgain](https://millionrounds.com/company/airgain)** Venture · US · airgain.com **$4.8M** With 1 other

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

We hold **4** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[SeaWell Networks](https://millionrounds.com/company/seawell-networks)** Bought by [Arris Group](https://millionrounds.com/fund/arris-group) **Undisclosed** Apr 2014

**[Intrinsity](https://millionrounds.com/company/intrinsity)** Bought by [Apple](https://millionrounds.com/fund/apple) **$121M** Apr 2010

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

## The cheque

Series B Series C Series A

Median round joined **$9.0M** the round, not its cheque Alone, median **$15M**

Led 0 of 27 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Sept 2014
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series B *11*
- Series C *8*
- Series A *3*
- Series E *2*
- Venture *2*
- Series F *1*

Cheques by year Led Joined

2005 2014

Often in the room with

- [Energy Technology Ventures](https://millionrounds.com/fund/energy-technology-ventures) 4
- [Adams Capital Management](https://millionrounds.com/fund/adams-capital-management) 3
- [Augustus Ventures Limited](https://millionrounds.com/fund/augustus-ventures-limited) 3
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 3
- [Aster](https://millionrounds.com/fund/aster) 2
- [Braemar Energy Ventures](https://millionrounds.com/fund/braemar-energy-ventures) 2

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## Who they invest alongside

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

[**Energy Technology Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/energy-technology-ventures)[**Adams Capital Management** VC firm **3** rounds together](https://millionrounds.com/fund/adams-capital-management)[**Augustus Ventures Limited** VC firm **3** rounds together](https://millionrounds.com/fund/augustus-ventures-limited)[**BDC Capital** VC firm **3** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Aster** Accelerator **2** rounds together](https://millionrounds.com/fund/aster)[**Braemar Energy Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/braemar-energy-ventures)[**ConocoPhillips** VC firm **2** rounds together](https://millionrounds.com/fund/conocophillips-tec)[**GEN3 Capital Fund** Investment firm **2** rounds together](https://millionrounds.com/fund/gen3-capital-fund)[**MaRS Investment Accelerator Fund** VC firm **2** rounds together](https://millionrounds.com/fund/mars-investment-accelerator-fund)

## Quick answers about Northwater Capital

### What does Northwater Capital invest in?

Northwater Capital invests most often at Series B and Series C (70% of the rounds on record), in sectors such as Cleantech.

### How active is Northwater Capital?

27 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2014.

### How big are Northwater Capital's cheques?

The median round it joins is $9.0M.

### Does Northwater Capital lead rounds?

Rarely, if at all: none of its 27 investments on record names it as the lead.

### Where does Northwater Capital invest?

Most of the companies it backs are in the United States (78%) and Canada (19%).

### Is Northwater Capital investing now?

No investments in the last 12 months; the latest was in Sept 2014.

### Who does Northwater Capital invest alongside?

Most often Energy Technology Ventures (4 rounds together), Adams Capital Management (3 rounds together) and Augustus Ventures Limited (3 rounds together).

### What kind of investor is Northwater Capital?

Northwater Capital is a VC firm.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=northwater-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=northwater-capital)
