Third Sphere

Third Sphere is a venture capital investment firm based in Brooklyn, New York, founded in 2013. The firm specializes in pre-seed and seed stage investments, focusing on companies that drive rapid, scalable climate action across various sectors, including energy, food, water, waste, transportation, healthcare, and government technology. Third Sphere aims to achieve significant environmental impact while generating substantial financial returns by investing in innovative companies that enhance greenhouse gas reduction and resilience. With a track record of over 100 portfolio companies, the firm emphasizes collaboration with early-stage teams to unlock institutional funding and expand ownership opportunities. Third Sphere is distinguished by its extensive network, facilitating numerous introductions and providing access to asset finance, while its general partners bring a combined nine years of experience and a strong reputation in the climate technology investment space.

Shilpi Kumar

Partner

Past deals in Smart Cities

Near Space Labs

Series B in 2025
Near Space Labs is an aerial imagery and earth observation company based in the United States that specializes in providing high-quality geospatial information for various sectors. The company offers cloud-based delivery of fully processed images through its API, facilitating easy monitoring of assets across broad or specific areas. Near Space Labs supports businesses, government organizations, and partners by delivering actionable insights that enhance remote sensing capabilities. Its services are utilized in diverse fields, including insurance, utilities, infrastructure, conservation, smart cities, retail, energy, and disaster response. By monitoring construction progress and addressing issues such as pipeline leaks, vegetation encroachment, and weather-related damage, Near Space Labs enables clients to improve mobility, leisure, and urban planning.

Cycle

Series A in 2023
Cycle is a subscription service specializing in micro-mobility solutions tailored for delivery companies. By providing a fleet of individually branded e-mobility vehicles and cargo bikes, Cycle enhances the operational efficiency of its clients, enabling them to deliver parcels more quickly and effectively. The service not only benefits businesses by improving their competitiveness but also contributes to environmental sustainability by reducing greenhouse gas emissions associated with last-mile delivery. Cycle partners with hotels and apartments to integrate its offerings, ensuring that thousands of couriers can operate safely and comfortably while reducing transport-related CO2 emissions.

Domatic

Venture Round in 2022
Domatic, Inc. is a manufacturer of electrical hardware components, including circuit boards, microchips, thermostats, sensors, and HVAC controls tailored for building applications. Founded in 2019 and based in Palo Alto, California, the company specializes in creating intelligent and sustainable building systems. Domatic offers energy monitoring devices and lighting services, alongside a management and data analytics platform designed to enhance building sustainability. Its innovative approach utilizes a low-voltage DC wiring system that combines power and data transmission over the same wires, significantly streamlining installation and reducing costs compared to traditional high-voltage systems. This design minimizes the need for specialized labor and stringent code inspections, making it easier for builders to deploy efficient and sustainable solutions. Domatic's expertise in hardware, software, networking, and machine learning positions it as a leader in the evolution of building electrification.

ChargeLab

Series A in 2022
ChargeLab Inc. is a Toronto-based company that specializes in developing software for electric vehicle (EV) charging stations. Founded in 2015, ChargeLab's hardware-agnostic platform enhances the functionality of various EV chargers, making them smarter and easier to operate. The company's software solutions enable clients, including government entities, multinational real estate investment trusts, parking operators, and property managers, to efficiently manage and monetize their charging stations as part of an integrated network. By providing an affordable turnkey service that includes hardware, software, and installation, ChargeLab facilitates the deployment of large numbers of chargers, optimizing their operation and usage.

Cycle

Seed Round in 2022
Cycle is a subscription service specializing in micro-mobility solutions tailored for delivery companies. By providing a fleet of individually branded e-mobility vehicles and cargo bikes, Cycle enhances the operational efficiency of its clients, enabling them to deliver parcels more quickly and effectively. The service not only benefits businesses by improving their competitiveness but also contributes to environmental sustainability by reducing greenhouse gas emissions associated with last-mile delivery. Cycle partners with hotels and apartments to integrate its offerings, ensuring that thousands of couriers can operate safely and comfortably while reducing transport-related CO2 emissions.

Urbio

Pre Seed Round in 2021
Urbio is a software company that specializes in enhancing the energy transition by providing innovative tools for designing efficient energy infrastructure and technologies in building heating, cooling, and electrification. By integrating human expertise with artificial intelligence, Urbio streamlines traditional processes that typically rely on manual trial-and-error, resulting in improved outcomes achieved in significantly less time. The company focuses on increasing the efficiency of buildings, which are a major contributor to carbon emissions, thereby contributing to efforts against climate change. Its advanced data modeling capabilities support professional planners in creating more sustainable urban environments while optimizing time and costs associated with energy management.

HAAS Alert

Seed Round in 2021
HAAS Alert is a prominent provider of mobility and smart city data services focused on enhancing safety for emergency crews, drivers, and the general public through Cellular Vehicle-to-Vehicle (V2V) communication. The company's Safety Cloud delivers real-time data that connects first responders and various fleets with motorists and autonomous vehicles, helping to prevent collisions and minimize traffic delays. HAAS Alert's platform issues preemptive notifications to drivers, alerting them to the approach of emergency vehicles via their car dashboards or smartphones. Additionally, the service supports smart city initiatives by providing valuable traffic information to government officials, aiding in infrastructure planning and real-time traffic management. HAAS Alert collaborates with the U.S. Department of Homeland Security on innovative safety solutions and has garnered support from notable safety organizations.

Shyft Power Solutions

Seed Round in 2021
SHYFT Power Solutions, Inc. is a technology company specializing in the development of an integrated hardware and software platform aimed at monitoring and managing distributed energy resources (DERs). Founded in 2007 and based in San Francisco, California, SHYFT offers a product known as Shyft, which functions as a hybrid smart meter and transfer switch. This innovative solution utilizes Internet of Things (IoT) technology to streamline the management of power sources, allowing users to transition seamlessly between the grid and backup generators or other energy supplies. The accompanying mobile application empowers users to monitor their energy consumption and control their power sources effectively. By focusing on industrial-grade solutions, SHYFT addresses the challenges faced by markets with unreliable energy infrastructures, enabling enhanced energy efficiency and cost savings for real estate developers, solar providers, and business owners.

Urbio

Seed Round in 2021
Urbio is a software company that specializes in enhancing the energy transition by providing innovative tools for designing efficient energy infrastructure and technologies in building heating, cooling, and electrification. By integrating human expertise with artificial intelligence, Urbio streamlines traditional processes that typically rely on manual trial-and-error, resulting in improved outcomes achieved in significantly less time. The company focuses on increasing the efficiency of buildings, which are a major contributor to carbon emissions, thereby contributing to efforts against climate change. Its advanced data modeling capabilities support professional planners in creating more sustainable urban environments while optimizing time and costs associated with energy management.

ChargeLab

Seed Round in 2021
ChargeLab Inc. is a Toronto-based company that specializes in developing software for electric vehicle (EV) charging stations. Founded in 2015, ChargeLab's hardware-agnostic platform enhances the functionality of various EV chargers, making them smarter and easier to operate. The company's software solutions enable clients, including government entities, multinational real estate investment trusts, parking operators, and property managers, to efficiently manage and monetize their charging stations as part of an integrated network. By providing an affordable turnkey service that includes hardware, software, and installation, ChargeLab facilitates the deployment of large numbers of chargers, optimizing their operation and usage.

Oonee

Pre Seed Round in 2021
Oonee is a company that designs, finances, and operates automated bike parking infrastructure aimed at enhancing urban mobility and public spaces. Founded in 2017 and based in Brooklyn, New York, Oonee develops a network of smart, modular pods that provide secure parking for bicycles and scooters while also incorporating public space amenities. Its innovative parking cubes can accommodate multiple bikes and are expandable, featuring video surveillance to protect against theft. By offering these secure parking solutions, Oonee seeks to create a comprehensive bicycle parking and service network that caters to the needs of urban residents and improves the overall cycling experience in cities.

TestCompany

Seed Round in 2020
TestCompany is focused on enhancing the management of urban sewer systems through the application of artificial intelligence. By leveraging deep learning techniques, cloud computing, and data analysis, the company addresses the challenges posed by urbanization. Its innovative approach aims to promote sustainability and resilience within communities, ensuring that urban drainage systems are more efficient and effective in handling the increasing demands of growing populations. Through the integration of advanced technologies, TestCompany seeks to improve infrastructure management and support the long-term viability of urban environments.

Shyft Power Solutions

Seed Round in 2020
SHYFT Power Solutions, Inc. is a technology company specializing in the development of an integrated hardware and software platform aimed at monitoring and managing distributed energy resources (DERs). Founded in 2007 and based in San Francisco, California, SHYFT offers a product known as Shyft, which functions as a hybrid smart meter and transfer switch. This innovative solution utilizes Internet of Things (IoT) technology to streamline the management of power sources, allowing users to transition seamlessly between the grid and backup generators or other energy supplies. The accompanying mobile application empowers users to monitor their energy consumption and control their power sources effectively. By focusing on industrial-grade solutions, SHYFT addresses the challenges faced by markets with unreliable energy infrastructures, enabling enhanced energy efficiency and cost savings for real estate developers, solar providers, and business owners.

Xtelligent

Pre Seed Round in 2020
Xtelligent Inc. is a technology company specializing in adaptive traffic control systems, founded in 2016 and headquartered in Los Angeles, California. The company utilizes advanced algorithms and artificial intelligence to optimize traffic flow by integrating various sensor data and employing machine learning techniques. Xtelligent's innovative system connects signalized intersections with cutting-edge sensor technology and edge-computing capabilities, allowing for real-time adjustments in signal timing. This approach aims to significantly reduce congestion on urban roadways and supports the development of connected and autonomous vehicle technologies. With a global presence and additional offices in Europe, Xtelligent is positioned to lead advancements in traffic management solutions.

EVA

Seed Round in 2020
EVA is a technology company based in Brooklyn, New York, founded in 2017. It specializes in developing compact electric automated aircraft, known as X01, aimed at alleviating urban traffic congestion. The company creates a robust infrastructure for drone applications by establishing a network of drone control and charging stations, facilitating efficient connectivity between cities and countries. EVA's product offerings include high-throughput drone docking stations tailored for healthcare logistics, disaster relief, and critical logistics. Additionally, the company provides essential tools such as carry-on landing carpets, vertical and multimodal transfer stations, and drone vans equipped with operational and control centers, ensuring effective mobility solutions for its clients.

ChargeLab

Seed Round in 2020
ChargeLab Inc. is a Toronto-based company that specializes in developing software for electric vehicle (EV) charging stations. Founded in 2015, ChargeLab's hardware-agnostic platform enhances the functionality of various EV chargers, making them smarter and easier to operate. The company's software solutions enable clients, including government entities, multinational real estate investment trusts, parking operators, and property managers, to efficiently manage and monetize their charging stations as part of an integrated network. By providing an affordable turnkey service that includes hardware, software, and installation, ChargeLab facilitates the deployment of large numbers of chargers, optimizing their operation and usage.

EVA

Convertible Note in 2020
EVA is a technology company based in Brooklyn, New York, founded in 2017. It specializes in developing compact electric automated aircraft, known as X01, aimed at alleviating urban traffic congestion. The company creates a robust infrastructure for drone applications by establishing a network of drone control and charging stations, facilitating efficient connectivity between cities and countries. EVA's product offerings include high-throughput drone docking stations tailored for healthcare logistics, disaster relief, and critical logistics. Additionally, the company provides essential tools such as carry-on landing carpets, vertical and multimodal transfer stations, and drone vans equipped with operational and control centers, ensuring effective mobility solutions for its clients.

Circuit

Seed Round in 2019
Circuit is a software company that specializes in providing micro-transit services through an application that utilizes all-electric vehicles. Founded in 2011 and headquartered in West Palm Beach, Florida, Circuit offers a turn-key solution for on-demand transportation. Users can easily book rides through the app, which connects them with efficient drivers, ensuring a responsible and convenient shuttle service. The company's focus on electric vehicles aligns with sustainable transportation goals, promoting eco-friendly travel options for its customers.

GreenQ

Convertible Note in 2018
GreenQ Ltd. is a technology company based in Jerusalem, Israel, with an additional office in Santa Monica, California, specializing in electronic sensors and software solutions for the waste management industry. Founded in 2015, GreenQ develops hardware that is installed on garbage trucks to facilitate smart waste collection processes. This technology collects real-time data on waste pickup without manual intervention, allowing municipalities and waste collection vendors to monitor waste levels, optimize collection routes, and manage fleet operations more efficiently. The company's solutions contribute to the Smart City initiative by integrating Internet of Things (IoT) capabilities into existing waste management systems, enhancing service quality while reducing operational costs and emissions. GreenQ's innovative approach aims to support sustainable urban environments and improve the overall efficiency of waste management services.

Coord

Series A in 2018
Coord is a New York City-based company dedicated to transforming urban streets through its innovative curb management platform. This platform enables cities to digitally operate and price curb space, enhancing the efficiency, safety, and equity of urban environments. By providing tools that locate available vehicles from both docked and dockless systems, as well as offering pricing and geometric data for tollways, Coord empowers municipal authorities to effectively manage curb inventory. The company has gained recognition for its contributions to urban design and innovation, partnering with several cities including Seattle, Boston, and Nashville. Backed by notable investors such as Alphabet's Sidewalk Labs and Urban.us, Coord is positioned at the forefront of urban mobility solutions.

Qucit

Venture Round in 2018
Qucit, formerly Quantified Cities, is a technology company that employs data-driven methods and artificial intelligence to enhance urban services' efficiency. Founded on the premise of growing urban populations necessitating smarter city management, Qucit develops a logistics optimization platform for shared mobility systems. This platform automates vehicle fleet deployment and rebalancing, optimizes operating costs, and models human behaviors using diverse urban data. By doing so, Qucit helps companies and institutions streamline shared mobility services, contributing to more livable and sustainable cities.

Near Space Labs

Seed Round in 2018
Near Space Labs is an aerial imagery and earth observation company based in the United States that specializes in providing high-quality geospatial information for various sectors. The company offers cloud-based delivery of fully processed images through its API, facilitating easy monitoring of assets across broad or specific areas. Near Space Labs supports businesses, government organizations, and partners by delivering actionable insights that enhance remote sensing capabilities. Its services are utilized in diverse fields, including insurance, utilities, infrastructure, conservation, smart cities, retail, energy, and disaster response. By monitoring construction progress and addressing issues such as pipeline leaks, vegetation encroachment, and weather-related damage, Near Space Labs enables clients to improve mobility, leisure, and urban planning.

Blueprint Power

Series A in 2018
Blueprint Power is a technology company based in New York City that focuses on enhancing the financial sustainability of distributed clean energy systems. The company enables regional groups of real estate companies to transform their properties into power plants capable of generating excess energy, which can then be sold to various markets and customers seeking reliable electricity. By utilizing machine learning and data analytics, Blueprint Power effectively manages energy consumption in commercial buildings, allowing them to participate in wholesale energy markets. This approach creates additional revenue streams for property owners and helps them maximize the value of their existing energy assets. Founded by a team of experienced innovators from notable firms, Blueprint Power is supported by influential leaders and investors across the real estate, energy, and technology sectors.

ODN

Angel Round in 2018
Open Data Nation combines detailed public records and industry expertise to reveal new, leading indicators of risks that threaten lives and livelihoods in cities. It utilizes location-based driving data and open data to predict where car crashes are likely and help auto insurance carriers and city Vision Zero Initiatives prevent crashes and save lives.

ClearRoad

Pre Seed Round in 2018
ClearRoad is a company focused on revolutionizing the management and monetization of public road infrastructure. Through its Internet of Things (IoT) platform, ClearRoad enables government agencies in North America to implement road usage pricing models, facilitating the efficient collection of funds for road maintenance and management. The platform's flexibility allows it to integrate with various vehicle identification technologies and regulatory frameworks, making it adaptable to different programmatic designs. ClearRoad has already made significant strides in this area, with established per-mile programs in Oregon and Washington State, as well as partnerships with key players in the tolling and telematics industries. The company's innovative approach aims to automate toll road pricing without relying on traditional proprietary hardware infrastructure, thereby reducing traffic congestion in urban areas.

Blueprint Power

Seed Round in 2017
Blueprint Power is a technology company based in New York City that focuses on enhancing the financial sustainability of distributed clean energy systems. The company enables regional groups of real estate companies to transform their properties into power plants capable of generating excess energy, which can then be sold to various markets and customers seeking reliable electricity. By utilizing machine learning and data analytics, Blueprint Power effectively manages energy consumption in commercial buildings, allowing them to participate in wholesale energy markets. This approach creates additional revenue streams for property owners and helps them maximize the value of their existing energy assets. Founded by a team of experienced innovators from notable firms, Blueprint Power is supported by influential leaders and investors across the real estate, energy, and technology sectors.

Swell Energy

Convertible Note in 2017
Swell Energy, established in 2014 and headquartered in Santa Monica, California, specializes in energy storage solutions for residential and commercial customers in Southern California. The company offers smart and lithium-ion home batteries, as well as solar home batteries, and provides comprehensive services including design, permitting, installation, and maintenance. Swell Energy's signature product, EnergyShield, combines solar panels and compact lithium-ion home batteries to supply backup power and act as a buffer between homes and the power grid. The company also facilitates the adoption of clean energy technologies through financing and educational resources, and partners with local solar and storage companies for seamless installations. Additionally, Swell Energy delivers virtual power plant networks and grid-balancing services to utilities, contributing to a more resilient and sustainable distributed energy system.

Near Space Labs

Seed Round in 2017
Near Space Labs is an aerial imagery and earth observation company based in the United States that specializes in providing high-quality geospatial information for various sectors. The company offers cloud-based delivery of fully processed images through its API, facilitating easy monitoring of assets across broad or specific areas. Near Space Labs supports businesses, government organizations, and partners by delivering actionable insights that enhance remote sensing capabilities. Its services are utilized in diverse fields, including insurance, utilities, infrastructure, conservation, smart cities, retail, energy, and disaster response. By monitoring construction progress and addressing issues such as pipeline leaks, vegetation encroachment, and weather-related damage, Near Space Labs enables clients to improve mobility, leisure, and urban planning.

Qucit

Venture Round in 2017
Qucit, formerly Quantified Cities, is a technology company that employs data-driven methods and artificial intelligence to enhance urban services' efficiency. Founded on the premise of growing urban populations necessitating smarter city management, Qucit develops a logistics optimization platform for shared mobility systems. This platform automates vehicle fleet deployment and rebalancing, optimizes operating costs, and models human behaviors using diverse urban data. By doing so, Qucit helps companies and institutions streamline shared mobility services, contributing to more livable and sustainable cities.

Upshift

Seed Round in 2017
Upshift, Inc. is a car subscription service based in Oakland, California, that caters to both personal and business needs in the San Francisco area. Founded in 2012, the company offers an innovative alternative to traditional car ownership by providing a platform that allows users to access vehicles on a flexible basis. Upshift focuses on low-mileage urban drivers, offering all-inclusive, usage-based plans that include delivery, remote driving, concierge services, parking, insurance, and maintenance. The company's model aims to reduce carbon emissions and decrease the need for parking spaces by offering vehicles that are delivered to users and picked up after use, promoting a more sustainable approach to mobility.

HAAS Alert

Seed Round in 2017
HAAS Alert is a prominent provider of mobility and smart city data services focused on enhancing safety for emergency crews, drivers, and the general public through Cellular Vehicle-to-Vehicle (V2V) communication. The company's Safety Cloud delivers real-time data that connects first responders and various fleets with motorists and autonomous vehicles, helping to prevent collisions and minimize traffic delays. HAAS Alert's platform issues preemptive notifications to drivers, alerting them to the approach of emergency vehicles via their car dashboards or smartphones. Additionally, the service supports smart city initiatives by providing valuable traffic information to government officials, aiding in infrastructure planning and real-time traffic management. HAAS Alert collaborates with the U.S. Department of Homeland Security on innovative safety solutions and has garnered support from notable safety organizations.

BlocPower

Pre Seed Round in 2016
BlocPower is an innovative energy technology company based in Los Angeles, California, focused on creating healthier, greener, and smarter buildings. Established in 2014, BlocPower specializes in providing solar power and energy efficiency solutions tailored for churches, schools, small businesses, non-profits, and homeowners. The company employs advanced technologies and innovative electrification equipment to enhance urban structures, identifying and retrofitting energy-wasting buildings through a proprietary machine learning platform. This platform analyzes data to determine the most effective retrofits, enabling clients to reduce energy consumption and save 20 to 40 percent on their energy bills annually. By connecting various stakeholders—including government agencies, utilities, and equipment providers—BlocPower effectively addresses energy inefficiencies in financially underserved communities, contributing to the advancement of smart and sustainable urban environments.

BlocPower

Pre Seed Round in 2014
BlocPower is an innovative energy technology company based in Los Angeles, California, focused on creating healthier, greener, and smarter buildings. Established in 2014, BlocPower specializes in providing solar power and energy efficiency solutions tailored for churches, schools, small businesses, non-profits, and homeowners. The company employs advanced technologies and innovative electrification equipment to enhance urban structures, identifying and retrofitting energy-wasting buildings through a proprietary machine learning platform. This platform analyzes data to determine the most effective retrofits, enabling clients to reduce energy consumption and save 20 to 40 percent on their energy bills annually. By connecting various stakeholders—including government agencies, utilities, and equipment providers—BlocPower effectively addresses energy inefficiencies in financially underserved communities, contributing to the advancement of smart and sustainable urban environments.

SeamlessDocs

Seed Round in 2014
SeamlessDocs is a leading provider of online services tailored for government agencies, facilitating their transition to digital operations. Founded in 2012, the company offers a platform that enables agencies to convert traditional PDF documents into dynamic web forms. This platform supports essential functions such as eSignature collection, payment processing, workflow automation, and submission data management. By streamlining these processes, SeamlessDocs enhances the efficiency and effectiveness of government operations. The company has established partnerships with over 400 municipal departments across the United States, Canada, and the Caribbean, making it a significant player in digital government solutions.
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