Virescent Ventures

Virescent Ventures is a Melbourne-based venture capital investment firm established in 2022, specializing in cleantech innovation. The firm focuses on investing across a range of stages, from pre-seed to late-stage growth capital, and emphasizes deep tech, business model innovations, as well as software and hardware solutions. Through its investments, Virescent Ventures aims to support the development of sustainable technologies and promote advancements in the cleantech sector.

Ben Gust

Managing Partner

Alex Oppes

Director

Blair Pritchard

Partner

Kristin Vaughan

Managing Partner

27 past transactions

Kwetta

Series A in 2025
Kwetta is a technology company specialising in electric vehicle (EV) charging infrastructure. It develops innovative grid charging systems that enhance power grid efficiency and capacity, supporting a wide range of EVs, from cars to heavy vehicles. By seamlessly integrating with existing infrastructure, Kwetta's technology enables EV owners and grid operators to optimise energy usage and accelerate the transition to electrified transportation.

Renewable Metals

Seed Round in 2024
Renewable Metals is a company that specializes in recycling end-of-life batteries. It employs a proprietary process to recover nearly all the lithium, nickel, cobalt, copper, and manganese from these batteries, ensuring minimal waste. This service enables clients to produce new batteries using recycled materials, thereby reducing waste and promoting sustainability.

Hysata

Series B in 2024
Hysata is focused on advancing hydrogen electrolyzer technology to facilitate the production of green hydrogen, aiming to significantly reduce costs to below $2 per kilogram. This innovative approach is rooted in research from the University of Wollongong's ARC Centre of Excellence for Electromaterials Science, led by Professor Gerry Swiegers. The company’s electrolyzers operate by using electricity to separate water into hydrogen and oxygen, thereby supporting the transition from fossil fuels to sustainable energy sources. Hysata's initiatives are designed to play a crucial role in helping businesses achieve net-zero emissions and accelerate the global move towards environmentally friendly energy solutions.

AgriWebb

Venture Round in 2024
AgriWebb, established in 2014 and headquartered in Sydney, Australia, specializes in developing and delivering comprehensive farm management software. Its flagship product, AgriWebb NoteBook, is a farm management and record-keeping application designed for the livestock production industry. The software enables real-time data collection, even offline, and offers features such as livestock action tracking, paddock treatment and crop recording, task management, inventory recording, and online access to data, reporting, and analytics. AgriWebb's founders, with a 5-generation livestock production background, aim to transform the industry by promoting data-driven decision-making and improving management efficiency, transparency, and benchmarking.

Gridcog

Seed Round in 2024
Gridcog is a software company focused on energy transition planning, tracking, and optimization. Its intelligent technology platform enables the simulation and management of diverse energy projects across multiple markets and sites. The software supports the development of renewable and zero-carbon communities by optimizing the use of solar energy, energy storage, heat pumps, and electric vehicle charging systems. Gridcog's solutions are designed to assist energy providers and project developers in maximizing both commercial viability and environmental sustainability in their operations. By facilitating the planning and optimization of microgrids, virtual power plants, and other renewable energy systems, Gridcog contributes to the advancement of a decentralized and decarbonized energy future.

Redback Technology

Venture Round in 2024
Redback Technology specializes in the development, manufacture, and marketing of solar and battery storage solutions tailored for residential and commercial applications. Founded in 2015 and based in Indooroopilly, Australia, the company offers integrated hardware and software technologies designed to capture, store, and manage solar energy effectively. Its advanced inverter hardware features power electronics and cloud system control, enabling users to analyze and manage their energy generation and consumption in real-time. Redback Technology's solutions provide an efficient and cost-effective means for homes and small businesses to harness solar energy, ensuring a swift return on investment. The emphasis on quality and streamlined design facilitates rapid integration and reduces installation costs, making solar energy more accessible to a broader audience.

SEA Electric

Venture Round in 2024
SEA Electric is an automotive technology company focused on developing proprietary electric power systems for urban delivery and commercial transport fleets. The company designs and assembles a diverse range of medium and heavy-duty electric vehicles, including delivery trucks, garbage trucks, tipper trucks, and various types of buses and vans. By specializing in the electrification of commercial vehicles globally, SEA Electric aims to significantly reduce CO2 emissions and operating costs for its clients, contributing to a more sustainable transportation sector.

Wattwatchers

Venture Round in 2024
Wattwatchers is a digital energy technology company that provides a low-cost network for energy management in homes and businesses. The company offers a suite of Class 1, all-IP metering and monitoring devices, along with co-developed software interfaces and cloud service management tools. Its systems can be installed in various configurations and operate in real-time, independent of utility infrastructures. The Wattwatchers AUDITOR series includes internet metering devices available in 3G and WiFi versions, designed to integrate seamlessly with alternative IoT communication platforms such as LoRaWAN. By enabling real-time observation and control of electricity consumption, Wattwatchers helps users identify and manage power-hungry devices, ultimately leading to reduced electricity bills and enhanced energy efficiency.

Zoomo

Venture Round in 2024
Zoomo is a company specializing in electric bikes aimed at enhancing the efficiency of gig workers in the food delivery industry. It offers a diverse range of light electric vehicles, including e-Bikes, e-Mopeds, and e-Cargo options. Zoomo's bikes are equipped with features such as electronic locks, GPS tracking, built-in alarm systems, integrated lights, fast charging capabilities, rear racks, and suspension systems. These attributes make them suitable for various delivery applications, including parcel, mail, and grocery deliveries. The company is focused on expanding its offerings to cater to individual consumers, promoting accessible and sustainable micro-mobility solutions for the on-demand delivery sector.

Sunman Energy

Venture Round in 2024
Sunman Energy Co., Ltd. is an innovative technology company based in North Sydney, Australia, with additional locations in Shanghai, China; St. Peter, Germany; and Japan. Founded in 2014 by a group of industry veterans, the company specializes in the development and manufacturing of advanced solar panels. Its flagship product, the eArc, is the world's first glass-free, lightweight, and flexible solar panel, made possible through the research and development of composite materials. This breakthrough allows Sunman Energy to provide solar solutions that are cost-effective, reliable, and suitable for a variety of applications that were previously unattainable, thereby making solar power more accessible and affordable for a wider population.

Zen Ecosystems

Venture Round in 2024
Zen Ecosystems is a company that specializes in providing energy management solutions for both commercial buildings and residential homes. Founded in 2013 and headquartered in Newport Beach, California, Zen Ecosystems offers a cloud-based platform that integrates various systems, including HVAC and lighting, to optimize energy consumption across multiple sites. Their product range includes smart thermostats designed to enhance energy efficiency and reduce utility costs. By utilizing their advanced technology, Zen Ecosystems aims to promote smart energy practices, streamline HVAC management, and minimize the carbon footprint of users, thereby contributing to environmental sustainability.

Thinxtra Pty Limited

Venture Round in 2024
Thinxtra Pty Limited, established in 2015 and based in Sydney, Australia, specializes in providing Internet of Things (IoT) solutions and services. The company utilizes Sigfox technology to deliver connectivity tailored for various applications, including asset tracking, smart industry, and smart building solutions. Its offerings enable real-time monitoring of operations, facility metrics, and valuable assets, while also facilitating efficient management of utilities such as water and electricity. Thinxtra's services extend to security solutions for homes and businesses, smart agriculture for farmers, and e-health systems for elderly monitoring. Additionally, the company provides innovative products like Xkit and Oyster, aimed at enhancing connectivity and operational efficiency across diverse sectors. As of April 2016, Thinxtra operates as a subsidiary of Rakon Limited.

GreenSync

Venture Round in 2024
GreenSync is a global energy technology company that specializes in creating dynamic grids by connecting various energy resources. Its cloud-based platform utilizes analytics and automation to enhance smart grid capabilities, enabling real-time monitoring and automated demand response. By identifying major grid congestion points, GreenSync offers rebates to customers, thereby improving grid reliability. The company facilitates the development of new markets, including peer-to-peer and micro markets, along with large-scale energy trading. Through its innovative solutions, GreenSync empowers businesses to optimize energy consumption, allowing them to buy, sell, and store energy more efficiently.

Omni Tanker

Venture Round in 2024
Omni Tanker Pty Ltd, established in 2006 and headquartered in Smeaton Grange, Australia, specializes in the manufacture of carbon fiber tank containers and road tanker equipment. The company produces a range of products, including the Omni Road Tankers—available in A and AB models, Omni Sulphuric acid tanks, and the Omni L4 Mini Tanks. Additionally, it offers the OmniTAINER, an intermodal tank container designed for the safe transport of dangerous goods by road and rail. Omni Tanker's innovative solutions enable the transportation and storage of aggressive corrosive chemicals and high-purity oxidizing agents, thereby supporting clients in minimizing environmental impacts associated with hazardous materials.

Renewable Metals

Seed Round in 2023
Renewable Metals is a company that specializes in recycling end-of-life batteries. It employs a proprietary process to recover nearly all the lithium, nickel, cobalt, copper, and manganese from these batteries, ensuring minimal waste. This service enables clients to produce new batteries using recycled materials, thereby reducing waste and promoting sustainability.

HydGene Renewables

Seed Round in 2023
HydGene Renewables is a renewable hydrogen energy firm focused on advancing the adoption of low-carbon technology through its innovative green hydrogen solutions. The company specializes in harnessing biomass waste to produce renewable hydrogen on-site and on-demand, utilizing an engineered biocatalyst. This approach allows clients in remote areas to access a sustainable and cost-effective source of energy. By converting biomass into hydrogen, HydGene Renewables aims to provide an efficient alternative to conventional energy sources, supporting the transition to a more sustainable energy landscape.

Novalith

Series A in 2023
Novalith Technologies is a climate technology company focused on transforming lithium production through innovative extraction and refining processes. Its proprietary LiCAL technology utilizes carbon dioxide in the extraction of lithium chemicals, which significantly lowers the need for equipment, chemical reagents, water, and energy compared to traditional methods. This approach not only reduces capital and production costs but also minimizes the environmental impact by creating a smaller emissions footprint. By providing a carbon-sustainable solution, Novalith enables its clients to enhance sustainability outcomes and aims to revolutionize the global battery supply chain.

Loam Bio

Series B in 2023
Loam Bio is a company focused on manufacturing microbial products designed to reduce atmospheric CO2 levels and enhance soil fertility. Founded in 2016 and based in Orange, Australia, the company is engaged in developing innovative technology that enables the inoculation of crops with symbiotic micro-organisms. This approach aims to improve agricultural sustainability by promoting healthier soils and more efficient carbon management.

Morse Micro

Series B in 2022
Morse Micro is a wireless integrated circuit solutions company focused on advancing Wi-Fi technology for the Internet of Things (IoT). Founded by industry experts, including original Wi-Fi inventor Prof. Neil Weste, the company has a strong foundation in wireless innovation. Headquartered in Australia, with additional offices in China and the U.S., Morse Micro develops low-power Wi-Fi chips that facilitate connectivity across a wide array of IoT applications, such as surveillance systems, access control, industrial automation, and mobile devices. The company’s expertise and extensive portfolio of intellectual property enable it to create smaller and more cost-effective solutions for clients in the IoT market, enhancing the reach and efficiency of connected devices.

Samsara Eco

Series A in 2022
Samsara Eco is an innovative environmental technology company focused on addressing plastic pollution through its advanced enzymatic recycling processes. The company utilizes groundbreaking technology that employs plastic-eating super enzymes to decompose plastics into their fundamental components. This allows the recycled materials to be reused repeatedly as high-quality inputs for new plastic products or transformed into more valuable commodities. By breaking down plastics regardless of their color or shape, Samsara Eco aims to create a sustainable solution for the plastic waste crisis, enabling manufacturers to produce new plastic items from recycled materials with the same quality as virgin inputs.

Sundrive Solar

Series A in 2022
Sundrive Solar is a solar technology start-up focused on developing innovative solutions to lower the costs associated with high-efficiency solar cells. The company aims to enhance the performance and sustainability of these cells by utilizing more abundant materials, specifically replacing silver with copper in the manufacturing process. This approach not only reduces production costs but also supports the energy industry in adopting more sustainable practices. Sundrive Solar's commitment to using readily available materials positions it as a forward-thinking player in the renewable energy sector.

All G Foods

Series A in 2022
All G Foods is a company focused on creating alternative protein products through precision fermentation technologies. Established in November 2020 in Waterloo, South Australia, the company develops a diverse range of plant-based meat alternatives, including mince, sausages, chicken, and bacon. In addition to its meat substitutes, All G is advancing the production of next-generation dairy products, utilizing fermentation technology to create cow-free dairy proteins suitable for milk and other dairy items. The company's mission is to provide consumers with vegetarian options that replicate the taste and experience of traditional meat products.

Hysata

Series A in 2022
Hysata is focused on advancing hydrogen electrolyzer technology to facilitate the production of green hydrogen, aiming to significantly reduce costs to below $2 per kilogram. This innovative approach is rooted in research from the University of Wollongong's ARC Centre of Excellence for Electromaterials Science, led by Professor Gerry Swiegers. The company’s electrolyzers operate by using electricity to separate water into hydrogen and oxygen, thereby supporting the transition from fossil fuels to sustainable energy sources. Hysata's initiatives are designed to play a crucial role in helping businesses achieve net-zero emissions and accelerate the global move towards environmentally friendly energy solutions.

MicroTau

Seed Round in 2022
MicroTau is a technology company specializing in microfabrication to enhance surface properties such as drag reduction, anti-fouling, anti-bacterial, and hydrophobic effects. Utilizing a direct contactless microfabrication method, MicroTau prints microscopic patterns with light, allowing for scalable application on large surfaces. The company focuses on developing UV-curable coatings and custom riblet designs, catering to various industries, including aerospace, shipping, and healthcare. By commercializing its innovative technology, MicroTau aims to optimize performance and efficiency in aviation, contribute to energy savings, and provide functional finishes for furniture manufacturing.

Samsara Eco

Seed Round in 2022
Samsara Eco is an innovative environmental technology company focused on addressing plastic pollution through its advanced enzymatic recycling processes. The company utilizes groundbreaking technology that employs plastic-eating super enzymes to decompose plastics into their fundamental components. This allows the recycled materials to be reused repeatedly as high-quality inputs for new plastic products or transformed into more valuable commodities. By breaking down plastics regardless of their color or shape, Samsara Eco aims to create a sustainable solution for the plastic waste crisis, enabling manufacturers to produce new plastic items from recycled materials with the same quality as virgin inputs.

Jet Charge

Series B in 2022
Jet Charge is a prominent provider of electric vehicle (EV) charging infrastructure in Australia, focusing on facilitating the transition from internal combustion engines to electric vehicles. The company offers a comprehensive range of products and services, including installations for both domestic and commercial charging solutions. Jet Charge is dedicated to supporting the EV community by providing innovative charging infrastructure and accessories, backed by its own patented technologies in the electric vehicle sector. Through its efforts, Jet Charge aims to contribute to a sustainable future for transportation.
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