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

Co-Founder and Managing Partner

Zoe Best

Associate

Kevin Kimsa

Co-Founder and Managing Partner

Lilliana Paoletti

Associate

Nelson Switzer

Co-Founder and Managing Partner

Nelson Switzer

Co-Founder and Managing Partner

9 past transactions

XGS Energy

Venture Round in 2025
XGS Energy is a geothermal heat harvesting technology company focused on providing competitively priced renewable energy solutions. The company specializes in developing advanced technologies that enable the safe extraction of geothermal heat and power from deep earth formations worldwide. By utilizing these innovative methods, XGS Energy aims to deliver clean, green, and climate-friendly energy that is both affordable and accessible, contributing to the global transition toward sustainable energy sources.

MyLand

Series B in 2025
MyLand is a soil health company dedicated to addressing critical challenges such as food security and climate disruption. The company employs innovative and patented technology that enables farmers to implement regenerative agriculture practices effectively and efficiently. By focusing on the biological health of the soil and leveraging the land's natural ecosystem, MyLand collaborates with farmers to revitalize their soil, aiming to restore farms to their most fertile state. This approach not only enhances soil health but also leads to increased productivity and profitability for farmers. Through its commitment to improving soil health globally, MyLand is playing a pivotal role in promoting sustainable agricultural practices.

Mysa

Series B in 2024
Mysa is a developer of innovative high-voltage smart thermostats designed to optimize home heating while reducing energy costs. The company offers a fully featured thermostat that includes smart learning capabilities, which can lead to approximately 15% savings on energy bills. Mysa's Wi-Fi-enabled devices allow homeowners to monitor and control their home’s temperature remotely through a smartphone app, providing convenience and efficiency. Additionally, the thermostats utilize location tracking to identify and address any appliances that may be left on when the house is unoccupied. Mysa also generates detailed energy reports that inform users about their daily energy consumption and potential utility expenses. The thermostats seamlessly integrate with popular smart home platforms, including Amazon Alexa, Google Home, and Apple HomeKit, enhancing their utility and user experience.

Kuva Systems

Series A in 2023
Kuva Systems is a company based in Cambridge, Massachusetts, founded in 2015, that specializes in industrial IoT solutions for monitoring emissions. The company has developed an advanced infrared imaging system that automatically detects and quantifies methane and volatile organic compound (VOC) emissions. This system captures emission events in both day and night modes and provides operators with annotated video clips of leaks for clear visibility. The technology enables real-time data transfer to the cloud, allowing oil and gas companies to efficiently monitor their assets and manage emissions more effectively.

CleanFiber

Series B in 2023
CleanFiber, LLC is a manufacturer of cellulose insulation materials designed for use in attics, walls, and floors of both residential and commercial buildings. Founded in 2013 and headquartered in Blasdell, New York, with an additional office in Buffalo, the company specializes in producing high-performance, carbon-negative insulation from recycled corrugated cardboard. This innovative approach not only promotes sustainability but also enables construction companies to build fire-resistant structures while maintaining cost competitiveness. CleanFiber has transitioned from its former name, UltraCell Insulation, LLC, in September 2018, and is currently focused on rapidly scaling up production to meet growing demand in the insulation market.

LineVision

Series C in 2022
LineVision, Inc. is a company that specializes in developing advanced transmission line monitoring systems for electric utilities. Founded in 2018 and headquartered in Somerville, Massachusetts, LineVision offers a patented non-contact sensor technology that enables real-time monitoring and analytics of overhead power lines. This system provides crucial insights into the health and performance of transmission lines, allowing utilities to enhance capacity, reliability, and safety without the need for scheduled outages or specialized installation equipment. Key features of LineVision's platform include asset management, dynamic line ratings, and a secure web interface for data and analytics. By leveraging these capabilities, LineVision supports utility partners in their efforts to improve grid resilience and facilitate the energy transition.

Groundwork BioAg

Series B in 2022
Groundwork BioAg, Ltd. is a bio-agriculture company based in Mazor, Israel, specializing in the development, manufacturing, and commercialization of mycorrhizal inoculants for mainstream agriculture. By leveraging the natural symbiotic relationship between mycorrhizae and plants, the company aims to enhance crop productivity, sustainability, and profitability. Their products help to extend root systems, improve nutrient absorption, and increase crop yields, all while enabling agricultural producers to reduce their reliance on fertilizers and minimize environmental impact. Groundwork BioAg addresses critical challenges such as food security and climate change, positioning itself as a nature-based solution for carbon dioxide removal in agricultural practices.

Manifest Climate

Series A in 2022
Manifest Climate is a climate intelligence platform focused on assisting organizations in navigating climate change challenges. The company provides tools for regulatory compliance and identifies opportunities for environmentally sustainable practices within businesses. By offering curated industry-specific climate news, trends, peer benchmarking, and monthly reports, Manifest Climate empowers companies to manage climate risks effectively and transform them into opportunities. Their mission is to foster alignment and proactive action towards a climate-adjusted future, enabling organizations to enhance their climate confidence and improve their reporting capabilities.

Mysa

Series B in 2021
Mysa is a developer of innovative high-voltage smart thermostats designed to optimize home heating while reducing energy costs. The company offers a fully featured thermostat that includes smart learning capabilities, which can lead to approximately 15% savings on energy bills. Mysa's Wi-Fi-enabled devices allow homeowners to monitor and control their home’s temperature remotely through a smartphone app, providing convenience and efficiency. Additionally, the thermostats utilize location tracking to identify and address any appliances that may be left on when the house is unoccupied. Mysa also generates detailed energy reports that inform users about their daily energy consumption and potential utility expenses. The thermostats seamlessly integrate with popular smart home platforms, including Amazon Alexa, Google Home, and Apple HomeKit, enhancing their utility and user experience.
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