Dry Creek Ventures
Dry Creek Ventures, established in 2007, is an investment firm focused on funding and mentoring early-stage companies in the clean energy, clean food, and clean water sectors. The firm targets innovative entrepreneurs who have typically exhausted initial funding sources from friends and family but lack the necessary infrastructure and financial performance to attract larger venture capital investments. Dry Creek Ventures not only provides equity capital but also offers extensive operational and financial expertise, emphasizing a collaborative partnership approach rather than a transactional relationship. The firm is committed to helping entrepreneurs develop their businesses through significant time and effort, recognizing that teams can achieve success where individuals may struggle. By leveraging its extensive network and decades of business experience, Dry Creek Ventures aims to foster growth in the companies it supports.
2 past transactions
Lucid
Series A in 2010
Lucid is a privately held software company based in Oakland, California, specializing in building energy management and automation through its SaaS platform, BuildingOS. Founded in 2004 and formerly known as Lucid Design Group, Inc., the company provides a comprehensive solution for centralizing commercial building data, enabling users to make informed decisions aimed at improving efficiency and performance. BuildingOS is utilized by over 500 customers across 13,000 buildings, managing nearly 1.5 billion square feet of space and facilitating collaboration among finance, operations, and sustainability teams. The platform supports clients in managing substantial energy expenditures, collectively amounting to $500 million annually, by offering services such as data visualization, energy conservation, and building data integration. In 2011, Lucid changed its name and now operates as a subsidiary of Acuity Brands, Inc.
Solar Power Partners
Series B in 2009
Solar Power Partners, Inc. is a leading independent solar power producer that specializes in developing, owning, and operating distributed solar energy facilities across the continental United States and Hawaii. The company offers comprehensive services for businesses, institutions, municipalities, and agricultural customers, allowing them to harness solar energy efficiently. SPP provides solar-generated electricity through Power Purchase Agreements (PPAs), which offer long-term energy financing solutions that eliminate the burdens of ownership and maintenance for its customers. The company collaborates with solar integrators to create tailored renewable energy installations, particularly focusing on mid-scale projects. Its diverse clientele includes water districts, educational institutions, healthcare facilities, airports, commercial entities, and detention centers.
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