Schmidt Family Foundation

The Schmidt Family Foundation is an independent non-profit organization based in Boca Raton, Florida, established in 1986. Its mission is to empower individuals by helping them help themselves, focusing on community enrichment and excellence. The foundation offers funding to local organizations, addressing key areas such as education, health care, culture, and subsistence. The board of trustees manages the foundation's assets, ensuring that its support is responsive to community needs and fosters sustainable growth. Through its philanthropic efforts, the Schmidt Family Foundation aims to nurture and strengthen the community that Charles E. and Dorothy F. Schmidt were part of for many years.

Wendy Schmidt

President and Founder

10 past transactions

Kelvin

Series A in 2023
Kelvin, formerly known as Radiator Labs, Inc., manufactures innovative radiator covers designed to enhance the efficiency of steam-heated buildings. The company's flagship product, the Cozy, is a wireless and cost-effective retrofit that can be easily installed over existing radiators to provide precise temperature control. This system addresses common issues such as overheating and uneven heating, significantly improving indoor comfort. By redistributing steam flow, the Cozy can accelerate heating in colder rooms and reduce overall heating costs by up to 40%. With an estimated potential for cumulative annual savings of $7 billion across the 120 million residential and commercial radiators in the United States, Kelvin's solutions aim to tackle both energy waste and tenant discomfort in various building types. Founded in 2011 and based in Brooklyn, New York, the company has received multiple awards for its contributions to clean energy and innovation.

Allume Energy

Series A in 2021
Allume Energy Pty. Ltd. is a renewable energy technology company based in Melbourne, Australia, specializing in providing solar-powered electricity to apartment residents. Founded in 2015, the company focuses on solar energy systems designed for multi-unit dwellings, facilitating grid sharing and offering solar as a service to Australian communities. In addition to selling and installing solar energy systems, Allume Energy provides a real-time application that allows users to track their electricity usage.

BlocPower

Series A in 2021
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

BlocPower

Series A in 2021
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

Aclima

Series B in 2020
Aclima Inc. is a San Francisco-based company that designs and deploys environmental sensor networks to measure and analyze air pollution and greenhouse gases. Established in 2007, Aclima combines advanced sensor technology, climate science, enterprise software, and machine learning to deliver hyperlocal air quality data at a block-by-block resolution. Its solutions generate real-time streaming data that allows for the creation of high-resolution maps of emissions, covering various pollutants such as CO2, methane, and particulate matter. Aclima's technology is aimed at commercial and government sectors, providing actionable insights that help communities and industries manage their environmental impact. Recognized as a 2017 World Economic Forum Technology Pioneer and featured in the 2018 Global Cleantech 100, Aclima's mission focuses on improving public health and planetary well-being through enhanced environmental intelligence.

Novoloop

Grant in 2018
Novoloop focuses on upcycling plastic waste into high-performance materials, branded as OISTRE™, which are utilized in various applications such as footwear, automotive, and home products. The company transforms packaging waste into materials that perform comparably to traditional fossil fuel-derived products, incorporating up to 50% post-consumer recycled content. This process not only reduces carbon emissions by up to 45% but also employs a low-carbon manufacturing method known as ATOD™, which emphasizes sustainability without compromising quality. Founded in 2015 and based in Philadelphia, Novoloop aims to contribute to a circular economy by providing environmentally friendly alternatives in the materials industry.

Aclima

Series A in 2018
Aclima Inc. is a San Francisco-based company that designs and deploys environmental sensor networks to measure and analyze air pollution and greenhouse gases. Established in 2007, Aclima combines advanced sensor technology, climate science, enterprise software, and machine learning to deliver hyperlocal air quality data at a block-by-block resolution. Its solutions generate real-time streaming data that allows for the creation of high-resolution maps of emissions, covering various pollutants such as CO2, methane, and particulate matter. Aclima's technology is aimed at commercial and government sectors, providing actionable insights that help communities and industries manage their environmental impact. Recognized as a 2017 World Economic Forum Technology Pioneer and featured in the 2018 Global Cleantech 100, Aclima's mission focuses on improving public health and planetary well-being through enhanced environmental intelligence.

Novoloop

Grant in 2017
Novoloop focuses on upcycling plastic waste into high-performance materials, branded as OISTRE™, which are utilized in various applications such as footwear, automotive, and home products. The company transforms packaging waste into materials that perform comparably to traditional fossil fuel-derived products, incorporating up to 50% post-consumer recycled content. This process not only reduces carbon emissions by up to 45% but also employs a low-carbon manufacturing method known as ATOD™, which emphasizes sustainability without compromising quality. Founded in 2015 and based in Philadelphia, Novoloop aims to contribute to a circular economy by providing environmentally friendly alternatives in the materials industry.

BlocPower

Pre Seed Round in 2016
BlocPower is an energy technology startup based in Los Angeles, California, focused on developing sustainable solutions for buildings. The company provides solar power and energy efficiency products aimed at reducing energy costs for churches, schools, small businesses, non-profits, and homeowners. By leveraging data, thermodynamic models, and advanced technology, BlocPower upgrades buildings to make them healthier, greener, and smarter, while also tackling carbon emissions. The company collaborates with various stakeholders, including governments, utilities, building owners, lenders, contractors, and equipment providers, to electrify buildings and promote energy savings, particularly in financially underserved communities. Through its initiatives, BlocPower aims to contribute to the creation of environmentally friendly and healthy urban spaces.

Novoloop

Grant in 2016
Novoloop focuses on upcycling plastic waste into high-performance materials, branded as OISTRE™, which are utilized in various applications such as footwear, automotive, and home products. The company transforms packaging waste into materials that perform comparably to traditional fossil fuel-derived products, incorporating up to 50% post-consumer recycled content. This process not only reduces carbon emissions by up to 45% but also employs a low-carbon manufacturing method known as ATOD™, which emphasizes sustainability without compromising quality. Founded in 2015 and based in Philadelphia, Novoloop aims to contribute to a circular economy by providing environmentally friendly alternatives in the materials industry.
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