Climate Innovation Capital

Climate Innovation Capital is a private equity firm established in 2020 and headquartered in Toronto, Canada. The firm specializes in growth equity investments, primarily focusing on late-stage venture and mid-market private equity opportunities. It targets technology companies that operate across a wide range of sectors, including energy, power, storage, transportation, mobility, industrial processes, management, food, agriculture, forestry, buildings, waste, plastics, and recycling. By investing in these areas, Climate Innovation Capital aims to drive innovation and contribute to sustainable development within the climate sector.

Paul Atkinson

Founder and Managing Partner

Zoe Best

Associate

Kevin Kimsa

Co-Founder and Managing Partner

Paul Manias

Founder and Managing Partner

Lilliana Paoletti

Associate

Nelson Switzer

Co-Founder and Managing Partner

Nelson Switzer

Managing Partner and Co-Founder

9 past transactions

XGS Energy

Venture Round in 2025
XGS Energy is a geothermal heat harvesting technology company focused on developing solutions for clean and renewable energy production. The company specializes in creating innovative geothermal power technologies that allow clients to efficiently and safely extract geothermal heat from deep earth formations worldwide. XGS Energy aims to provide competitively priced renewable energy that is environmentally friendly and accessible in various locations, contributing to a sustainable energy future.

MyLand

Series B in 2025
MyLand is a soil health company dedicated to enhancing agricultural productivity and addressing global challenges such as food security and climate disruption. By utilizing innovative and patented technology, MyLand enables farmers to implement regenerative agriculture practices that restore the natural ecosystem of the land. This approach infuses life into the soil, allowing farms to regain their fertility and improve overall soil health. Through partnerships with farmers, MyLand aims to increase biological health, ultimately leading to greater productivity and profitability for agricultural operations.

Mysa

Series B in 2024
Mysa is a developer of advanced smart thermostats designed to optimize home heating and reduce energy expenses. Its high-voltage thermostat features smart learning capabilities that can lead to approximately 15% savings on energy bills. The device allows users to remotely control their home's heating through a smartphone from anywhere in the world. Mysa's thermostats are Wi-Fi enabled and can track and display current room temperatures, detect when appliances are mistakenly left on in vacant homes, and generate detailed energy reports that provide insights into daily usage and potential utility costs. Additionally, Mysa's products integrate seamlessly with popular smart home platforms such as Amazon Alexa, Google Home, and Apple HomeKit, enhancing convenience for homeowners seeking efficient energy consumption.

Kuva Systems

Series A in 2023
Kuva Systems, founded in 2015 and based in Cambridge, Massachusetts, has created an industrial IoT solution focused on monitoring and quantifying methane and volatile organic compound (VOC) emissions. The company's infrared imaging system automatically detects and measures these emissions, providing operators with annotated video clips of leaks. It captures emission events in both day-only and day-night modes, and transfers the quantified visuals to the cloud in real-time. This technology enables oil and gas companies to efficiently monitor their assets and manage environmental compliance.

CleanFiber

Series B in 2023
CleanFiber, LLC specializes in producing high-performance cellulose insulation materials made from recycled corrugated cardboard for residential and commercial construction. Founded in 2013 and based in Blasdell, New York, with an additional office in Buffalo, CleanFiber transitioned from its previous name, UltraCell Insulation, in September 2018. The company focuses on providing sustainable, carbon-negative insulation solutions that can be applied in attics, walls, and floors, catering to both new construction and retrofit projects. CleanFiber's products not only enhance fire resistance in buildings but also offer a cost-competitive alternative for construction companies, supporting environmentally friendly building practices. The company is currently expanding its production capabilities to meet growing demand.

LineVision

Series C in 2022
LineVision, Inc. is a developer of advanced transmission line monitoring systems for electric utilities, headquartered in Somerville, Massachusetts. Incorporated in 2018, the company focuses on enhancing the efficiency, flexibility, and safety of overhead power lines. Utilizing patented non-contact sensors, LineVision’s systems provide real-time monitoring and analytics, enabling utilities to assess conductor health, detect anomalies, and optimize asset management through dynamic line ratings. The platform is designed for rapid deployment without the need for scheduled outages or specialized equipment. By delivering critical insights into the performance of transmission lines, LineVision aids utilities in increasing the capacity, resilience, and safety of the electrical grid, thereby supporting the transition to more sustainable energy solutions.

Groundwork BioAg

Series B in 2022
Groundwork BioAg, based in Mazor, Israel, specializes in the development, manufacture, and commercialization of mycorrhizal inoculants designed for mainstream agriculture. These inoculants enhance the symbiotic relationship between plants and mycorrhizae, improving nutrient absorption and extending root systems, which in turn leads to higher crop yields. Groundwork BioAg's products not only help farmers achieve greater productivity but also promote sustainability by reducing the need for fertilizers and minimizing environmental impact. The company's innovative approach addresses critical challenges such as food security and climate change, making it a significant player in the bio-agriculture sector.

Manifest Climate

Series A in 2022
Manifest Climate is a climate intelligence platform that assists organizations in navigating climate change challenges by facilitating regulatory compliance and promoting sustainable practices. The company aims to transform climate risks into opportunities, providing resources such as industry-specific climate news, trends, and peer benchmarking. Through its platform, Manifest Climate helps businesses enhance their climate reporting and build confidence in their environmental strategies, ultimately fostering alignment and action towards a more climate-resilient future.

Mysa

Series B in 2021
Mysa is a developer of advanced smart thermostats designed to optimize home heating and reduce energy expenses. Its high-voltage thermostat features smart learning capabilities that can lead to approximately 15% savings on energy bills. The device allows users to remotely control their home's heating through a smartphone from anywhere in the world. Mysa's thermostats are Wi-Fi enabled and can track and display current room temperatures, detect when appliances are mistakenly left on in vacant homes, and generate detailed energy reports that provide insights into daily usage and potential utility costs. Additionally, Mysa's products integrate seamlessly with popular smart home platforms such as Amazon Alexa, Google Home, and Apple HomeKit, enhancing convenience for homeowners seeking efficient energy consumption.
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