New System Ventures

New System Ventures is a venture capital firm established in 2023 and located in New York, New York. The firm is dedicated to accelerating the global transition to a decarbonized economy by focusing on early-stage climate technologies. Its investment strategy encompasses various sectors, including mobility, energy, and industry, along with related technologies and services. By targeting innovative solutions within these areas, New System Ventures aims to contribute to the broader efforts of mitigating climate change and promoting sustainable development.

Ian Samuels

Founder and Managing Partner

6 past transactions

Crux

Series B in 2025
Crux is the capital markets technology company changing the way clean energy and manufacturing projects are financed in the U.S. Crux’s platform, market intelligence, and expert team help developers and manufacturers raise capital through all stages of project development and operation. The company’s first offering is the leading platform for tax credit transfers. Since its launch in 2023, Crux has raised more than $27 million in funding from venture capital and strategic investors. Crux’s world-class team brings together expertise from energy, tax, finance, government, and technology to power an abundant, resilient, and secure energy future. For more information, visit https://www.cruxclimate.com/.

MetOx Technologies

Series B in 2024
MetOx Technologies is a manufacturer of high-temperature superconducting (HTS) wire, utilizing YBCO to facilitate the efficient transmission of electricity. This technology allows for the transmission of large amounts of electricity with minimal cross-sectional area, eliminating electrical loss and heat generation during operation. MetOx employs a proprietary one-pass metal-organic chemical vapor deposition process for the production of buffer and superconductor layers, enhancing the quality and cost-effectiveness of its HTS wire. The applications of this advanced wire include upgrading transmission and distribution lines, supporting magnetic confinement fusion reactors, and developing next-generation MRI scanners, as well as use in wind turbines.

RedoxBlox

Series A in 2024
RedoxBlox specializes in thermochemical energy storage technology aimed at decarbonizing high-temperature industrial thermal processing and enhancing natural gas power production. By providing a cost-effective alternative to fossil fuels, the company enables continuous energy discharge at high temperatures, significantly reducing carbon and nitrogen oxide emissions. Its system is designed to integrate seamlessly with existing infrastructure, improving grid resilience while supporting industrial processors and power plant operators. RedoxBlox's technology facilitates the electrification and storage of energy, allowing industries to harness renewable energy sources through large-scale, long-duration energy storage solutions.

MetOx Technologies

Series B in 2024
MetOx Technologies is a manufacturer of high-temperature superconducting (HTS) wire, utilizing YBCO to facilitate the efficient transmission of electricity. This technology allows for the transmission of large amounts of electricity with minimal cross-sectional area, eliminating electrical loss and heat generation during operation. MetOx employs a proprietary one-pass metal-organic chemical vapor deposition process for the production of buffer and superconductor layers, enhancing the quality and cost-effectiveness of its HTS wire. The applications of this advanced wire include upgrading transmission and distribution lines, supporting magnetic confinement fusion reactors, and developing next-generation MRI scanners, as well as use in wind turbines.

Crux

Series A in 2024
Crux is the capital markets technology company changing the way clean energy and manufacturing projects are financed in the U.S. Crux’s platform, market intelligence, and expert team help developers and manufacturers raise capital through all stages of project development and operation. The company’s first offering is the leading platform for tax credit transfers. Since its launch in 2023, Crux has raised more than $27 million in funding from venture capital and strategic investors. Crux’s world-class team brings together expertise from energy, tax, finance, government, and technology to power an abundant, resilient, and secure energy future. For more information, visit https://www.cruxclimate.com/.

Crux

Seed Round in 2023
Crux is the capital markets technology company changing the way clean energy and manufacturing projects are financed in the U.S. Crux’s platform, market intelligence, and expert team help developers and manufacturers raise capital through all stages of project development and operation. The company’s first offering is the leading platform for tax credit transfers. Since its launch in 2023, Crux has raised more than $27 million in funding from venture capital and strategic investors. Crux’s world-class team brings together expertise from energy, tax, finance, government, and technology to power an abundant, resilient, and secure energy future. For more information, visit https://www.cruxclimate.com/.
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