United States · Investor

Third Derivative

Last cheque observed Sep 2026; 97 cheques on record.

Deploying nowAccelerator

Pre-seedSeedClimate Tech

Deploying now
30%of best year13cheques in 12 months, 97 on record
Since the last cheque40days00hrs00min00sec
Median round$2.5MCheque size, as they say$100K – $100KRounds led0 of 97Sole investor23 roundsMostly inUnited States, 54%
Pitch Third Derivative

Third Derivative highlights

  1. 01

    13 cheques in the last 12 months

  2. 02

    Mostly Venture and Seed: 76% of its rounds

  3. 03

    Sole investor in 23 rounds, median $3.1M

What they do

Third Derivative is an open, collaborative climate tech ecosystem that accelerates startups and moves markets.From their own website
Type
Accelerator
Cheque size
$100K – $100K as they say
Stages
Pre-seedSeed
Sectors
Climate Tech
Based in
Boulder, United States
Cold pitches
Accepted

The record

Every round we can evidence, newest first97 appearances

  1. 2026

    12 rounds

  2. Sept
    Kanin EnergyGrowth · CA · BetaKit$100MWith 3 others
  3. Sept
    CERT SystemsGrant · CA$2.0MWith 1 other
  4. Jul
    XL BatteriesVenture · US$13MWith 1 other
  5. Jun
    SwitchVenture · US · TechStartups$10MWith 4 others
  6. Apr
    NOC EnergySeed · US · HAX$2.7MWith 4 others
  7. Apr
    EmbueGrant · US$974KWith 1 other
  8. Apr
    Lumen EnergyVenture · US$700KWith 2 others
  9. Mar
    AllyeVenture · GBUndisclosedSole investor
  10. Mar
    CanvaLoop FibreVenture$1.4MSole investor
  11. Mar
    MicroEra PowerGrant · US$25KWith 5 others
  12. Feb
    GreenLIB MaterialsSeed · CA$1.1MWith 3 others
  13. Jan
    DexMatSeed · US$9.2MWith 4 others
  14. 2025

    43 rounds

  15. Nov
    Switched SourceSeed · US$2.6MWith 2 others
  16. Oct
    HYDGENSeed · SG$5.0MSole investor
  17. Oct
    RenewSeries A · US$12MWith 5 others
  18. Oct
    Carbon CellGrant · GB$35KWith 4 others
  19. Oct
    AllyeSeed · GB · Elbow Beach$2.5MWith 1 other
  20. Sept
    Offgrid Energy LabsSeries A · IN · TechCrunch$15MWith 2 others
  21. Sept
    XL BatteriesSeed · US$7.5MWith 1 other
  22. Sept
    ATECVenture · AU$16MWith 1 other
  23. Sept
    MicroEra PowerGrant · US$250KWith 4 others
  24. Sept
    Blue FrontierVenture · USUndisclosedWith 1 other
  25. Sept
    TorusSeed · LT$1.9MWith 4 others
  26. Aug
    NoPo NanotechnologiesVentureUndisclosedWith 1 other
  27. Aug
    ChemFinity TechnologiesVenture · USUndisclosedWith 2 others
  28. Aug
    CERT SystemsVenture · CAUndisclosedSole investor
  29. Aug
    RenkubeVentureUndisclosedSole investor
  30. Aug
    Oort EnergyVenture · GBUndisclosedWith 1 other
  31. Aug
    Rewind TurbineVenture · ITUndisclosedSole investor
  32. Aug
    Cascade BiocatalystsVenture · US$5.4MWith 2 others
  33. Aug
    Lumen EnergyVenture · US$2.3MWith 2 others
  34. Aug
    EnzincVenture · USUndisclosedWith 1 other
  35. Aug
    Dynami Battery CorpVenture · USUndisclosedSole investor
  36. Aug
    DTE MaterialsVenture · USUndisclosedWith 1 other
  37. Aug
    MIRICOVenture · GBUndisclosedWith 2 others
  38. Jul
    Hertha MetalsVenture · US$17MWith 4 others
  39. Jul
    SeeO2 EnergyGrant · CA$184KWith 2 others
  40. Jul
    Ocean Network Express (ONE)Debt · SG$396MWith 4 others
  41. Jul
    Elementium MaterialsVenture · US$3.0MWith 1 other
  42. Jul
    Allegro EnergyGrant · AU$1.2MWith 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.

Who they invest alongside

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

National Science FoundationGovernment13rounds togetherCleantech OpenAccelerator10rounds togetherBreakthrough EnergyVC firm5rounds togetherSOSVVC firm4rounds togetherUS Department of EnergyGovernment4rounds togetherCreative Destruction LabAccelerator3rounds together360 CapitalVC firm2rounds togetherAgFunderVC firm2rounds togetherCarbon13Accelerator2rounds togetherCitibankGrowth equity2rounds togetherClean Energy VenturesVC firm2rounds togetherClimate CapitalVC firm2rounds together

Recently backed

The latest companies Third Derivative put money into.

Kanin Energy$100M · Sept 2026CERT Systems$2.0M · Sept 2026XL Batteries$13M · Jul 2026NOC Energy$2.7M · Apr 2026Embue$974K · Apr 2026Lumen Energy$700K · Apr 2026

Quick answers about Third Derivative

What does Third Derivative invest in?

Third Derivative invests most often at Venture and Seed (76% of the rounds on record), in sectors such as Climate Tech.

How active is Third Derivative?

97 investments on record, 13 of them in the last 12 months. The most recent was in Sept 2026.

What has Third Derivative invested in recently?

Its most recent investments on record: Kanin Energy (Growth, Sept 2026), CERT Systems (Grant, Sept 2026) and XL Batteries (Venture, Jul 2026).

How big are Third Derivative's cheques?

The median round it joins is $2.5M. It says it writes cheques of $100K to $100K.

Does Third Derivative lead rounds?

Rarely, if at all: none of its 97 investments on record names it as the lead.

Where does Third Derivative invest?

Most of the companies it backs are in the United States (54%), Canada (14%) and the United Kingdom (14%).

Is Third Derivative investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

Who does Third Derivative invest alongside?

Most often National Science Foundation (13 rounds together), Cleantech Open (10 rounds together) and Breakthrough Energy (5 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it