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Cyan Ventures

Location on request · Invests in US; North America · Website

Check size

$500K-$3M

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Thesis

Massive growth in AI and electrification is straining our grid. The future belongs to businesses making energy cheap and programmable. We back founders early with breakthrough innovation and durable economic advantage.

Likely not a fit for

No renewable energy manufacturing, traditional utility plays, or non-technology energy solutions

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Preferred
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

2 contacts on file

SR

Steve Richmond

Partner · Primary contact

DM

David Mallard

Partner

Portfolio

Balto EnergyClimate Clean Energy

Balto Energy is an innovative energy company focused on empowering homeowners to achieve energy independence through solar power. By utilizing their proprietary Solar-Led Electrification Driver (SLED), Balto helps customers transition to self-sustaining home energy systems with creative financing and ongoing support.

DaylightClimate Clean Energy

Daylight is a decentralized energy company that transforms everyday homes into mini power plants, enabling families to lower their energy bills, stay powered during outages, and earn rewards for contributing to a more reliable grid. By sending excess energy back into the system, Daylight reduces pressure on aging infrastructure and builds local resilience in energy supply.

TrueMeterEnterprise Software

TrueMeter is an AI-driven energy management platform that helps multi-site operators reduce their utility bills by automatically auditing, optimizing, and consolidating energy expenses without requiring any upfront investment.

GuidewheelEnterprise Software

Guidewheel provides AI-powered machine intelligence for factory operations, enabling real-time insights to optimize production and reduce downtime.

Watt CarbonClimate Clean Energy

Watt Carbon is an innovative platform that leverages advanced technology to provide comprehensive carbon measurement and management solutions. Their API facilitates seamless integration for businesses looking to track and optimize their carbon footprint effectively.

Volta BackClimate Clean Energy

Volta Back provides a solution for reimbursing employees for home charging sessions of electric vehicles (EVs) without the need for hardware deployment. Their platform identifies home charging sessions using existing data from car manufacturers and electricity suppliers, making it a cost-effective option for companies managing EV charging.

Sunscreen EnergyEnterprise Software

Sunscreen Energy is focused on providing environmentally safe solutions to combat heat waves and extreme heat. Their innovative approach utilizes biodegradable, non-toxic materials that ensure energy resilience without leaving harmful residues.

PathEnterprise Software

Path Power, Inc. is focused on revolutionizing the energy sector by providing innovative underground power solutions. Their approach aims to enhance the efficiency and sustainability of power distribution.

Raya PowerClimate Clean Energy

Raya Power is revolutionizing solar energy by providing a plug-and-play solar system that is renter-friendly and easy to install without the need for permits or roof modifications. Their innovative design allows users to harness solar energy and battery backup seamlessly, making clean energy accessible to everyone, regardless of home ownership status.

Nona TechnologiesEnterprise Software

Nona Technologies, INC. specializes in portable seawater desalination devices that utilize cutting-edge electronic technology. Their innovative approach eliminates the need for heat and reverse osmosis, making desalination effortless and efficient.

StormentumClimate Clean Energy

Stormentum is pioneering the storage-first revolution in home energy by providing a battery-agnostic alternative to traditional inverter systems. Their innovative platform combines the modularity of microinverters, the power of hybrid systems, and a unified design, all at a significantly lower cost than conventional setups.

GlowClimate Clean Energy

Glow is a pioneering platform that leverages game theory and blockchain technology to enhance the profitability and impact of solar energy projects. By reinvesting revenue from solar farms, Glow maximizes efficiency and transparency, allowing stakeholders to track their contributions to environmental change.

Recent activity

Cyan Ventures in the news

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Research briefRead more
Cyan Ventures Research Document Investment Thesis Cyan Ventures is an early-stage venture capital fund focused exclusively on intelligent energy technology. The fund is built on the conviction that massive growth in AI and electrification is straining the existing electrical grid, requiring unprecedented innovation and investment to solve. Cyan believes that the future belongs to businesses that make energy cheap and programmable, with the solution requiring both breakthrough innovation and durable economic advantage at scale. Sector Focus Cyan invests exclusively in energy technology with a particular emphasis on: Energy efficiency and demand response technologies AI-powered energy management and optimization Grid hardening and resilience infrastructure Renewable energy and storage technologies Electrification enablement Energy infrastructure and distribution Climate adaptation technologies The fund explicitly focuses on companies creating intelligent, programmable energy solutions rather than renewable energy manufacturing or traditional utilities. Stage Focus Cyan is definitively an early-stage investor with stated focus on pre-seed and seed investments. The fund emphasizes backing founders early with breakthrough innovation potential and aims to be a first institutional investor in the energy technology space. Check Size Based on portfolio analysis and typical early-stage fund sizing, Cyan appears to write initial checks in the range of $500K-$3M: Pre-seed: $500K-$1M Seed: $1M-$3M Estimated typical check: $1M-$2M for seed-stage investments Lead Tendency Cyan positions itself as a lead investor, participating in early-stage rounds with conviction-based decision making. The portfolio demonstrates leadership positions in seed-stage rounds. Recent Activity Cyan Ventures has been actively deploying capital: Portfolio includes 15+ companies across energy efficiency, renewable energy, grid infrastructure, and climate adaptation Notable recent investments span AI for energy optimization, decentralized energy networks, EV infrastructure, and agricultural technology Fund appears to be in active deployment phase with consistent investment activity Investment timeline shows focus on seed-stage companies with working products or early traction Portfolio Highlights Active Portfolio Companies (15+ disclosed): Balto Energy - AI home energy platform for demand response Go Daylight - Decentralized energy network infrastructure TrueMeter - AI agent for energy bill savings GuideWheel - AI for productive factories and industrial efficiency WattCarbon - Monetizing energy savings through carbon credits VoltaBack - Fleet EVs as virtual power plants Sunscreen - Reducing outdoor ambient temperatures Path Power - Undergrounding electrical grid infrastructure Raya Power - Taking air conditioning off-grid Nona Technologies - Low-power water purification Stormentum - Intelligent, storage-first solar Glow - Creating solar capacity where needed most ModelWise - Hardening electrical systems with AI Magnefy - Early electrical failure detection Verdi - Farm automation for agriculture DiffIt - EdTech for STEM education FutureProof Tech - Property resilience insurance Team Core Partners: David Mallard, Co-Founder and General Partner - Long track record in energy and cleantech Steve Richmond, Co-Founder and General Partner - Deep expertise in energy infrastructure and venture investing The team demonstrates substantial experience in energy technology and venture capital, with focus on building a specialized fund in this domain. Geographic Focus Primarily focused on US-based founders and companies, with potential for selective international investments in companies serving US energy markets. Founder Preferences Cyan seeks founders with: Deep domain expertise in energy systems and infrastructure Technical backgrounds in hardware, software, or systems engineering Ability to build durable competitive advantages Focus on solving real energy infrastructure challenges Commitment to breakthrough innovation rather than incremental solutions Decision Process Based on team structure, Cyan appears to use a partnership model with co-founders making decisions together, likely with advisory input from broader networks. Quick decision-making timeline suggested by active deployment and seed-stage focus. Fund Status Fund is actively deploying with consistent recent investments. No indication of between-funds status - appears to be in mid-deployment phase. Notable Observations Strong focus on energy as infrastructure for AI and electrification Diverse portfolio spanning efficiency, generation, storage, and grid infrastructure Mix of software, hardware, and infrastructure plays Particular strength in intelligent energy and AI applications Long-term perspective on energy transformation

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