Air Liquide Investments in the future and demonstration (ALIAD) is a fully owned subsidiary of Air Liquide, part of the Group's Advanced Business and Technologies network. ALIAD plays a crucial role in enhancing the Group's growth and competitiveness by investing in innovative startups that introduce new technologies. This dedicated subsidiary allows Air Liquide to efficiently develop and manage its investments, ensuring the flexibility and responsiveness needed to support emerging projects. Through these strategic investments, ALIAD aims to foster innovation and contribute to the advancement of the industrial gas sector.

Green Angel Ventures, founded in 2013 and based in London, England, is a venture capital firm that focuses on early-stage investments in climate innovation. The company specializes in identifying and supporting inventions that address climate change across various sectors, including energy, carbon removal, nature-based solutions, food and agriculture, transport, industry, and recycling. By evaluating impactful projects and providing necessary funding, Green Angel Ventures aims to foster the growth of innovative solutions that can effectively combat climate challenges on a global scale.

Brookstreet Equity Partners is an international investment platform founded in 2016 and headquartered in London, UK. It specializes in growth capital investments, focusing on early-stage opportunities with asymmetric returns across various sectors, including Artificial Intelligence, Digital Transformation, Green Transition, and emerging themes like Space and DeFi.

Hydrogen Capital Partners is a firm dedicated to supporting the rapid growth of the new hydrogen energy economy, where hydrogen serves as an emission-free energy source or fuel. The sector is experiencing significant development, offering substantial investment opportunities across the value chain. The Hydrogen Council projects investments exceeding Euro 435 billion by 2030.

Global Communication Semiconductors designs, manufactures, and sells compound semiconductor wafers and foundry services, while also licensing intellectual property. The company focuses on optoelectronics technology, producing radio frequency integrated circuits, millimeter‑wave integrated circuits for wireless markets, power devices for power electronics, and photodetectors and lasers for optical communications. Its revenue is primarily generated in China, with additional sales in the United States, Taiwan, and other regions.

AP Ventures, established in 2018 and based in London, is a venture capital firm specializing in early-stage investments. It focuses on innovative technologies and businesses that leverage the unique properties of Platinum Group Metals to address global challenges, with a key focus on decarbonization and the hydrogen value chain. The firm, led by a team with proven expertise, invests in the United Kingdom across information technology, materials, resources, and manufacturing sectors.

Founded in 1995, SOSV is a global venture capital firm headquartered in New Jersey. It focuses on seed-to-growth stage investments in deep tech innovations, primarily in bio-tech/life sciences and hardware/robotics sectors, with a commitment to human and planetary health.

Established in 2006, Saint-Gobain NOVA is the venture capital arm of multinational corporation Saint-Gobain, headquartered in Courbevoie, France. It focuses on investing in mobility, industry, and construction sectors.

Urban Impact Ventures is focused on urban impact technology investing, concentrating on four key themes: sustainable mobility, liveability, digital infrastructure, and physical infrastructure. The firm seeks to generate attractive investment returns while also contributing positively to the UN Sustainable Development Goals. Its overarching ambition is to enhance urban quality of life across Europe.

Azimuth Capital Management is an energy-focused venture capital and private equity firm headquartered in Calgary, Canada, with additional offices in the San Francisco Bay Area, Houston, and Denver. It makes direct investments and co-investments in North American energy companies spanning oil and gas exploration and production, oil sands, non-conventional resources, energy infrastructure, services, and energy technology, including the energy transition. The firm targets opportunities in Canada, the United States, and international energy markets, with typical investments of 7.58 million to 36.12 million dollars and long-term horizons of more than ten years.

Renew Capital is an investment firm focused on Africa, bridging critical gaps for growing African businesses by connecting them with global impact investors.

The Development Bank of Wales is an independent company that provides commercial funding to small and medium-sized enterprises (SMEs) in Wales. It invests private and public funds, including EU funds, across various sectors such as B2B, healthcare, technology, and life sciences.

Wireframe Ventures is a San Francisco–based venture capital firm founded in 2016 that backs technology-driven startups across the United States at seed and early stages, with selective later-stage opportunities. It supports founders who aim to use technology to positively impact people and the planet, and seeks opportunities in information technology, robotics, diagnostics, and energy sectors.

Gigascale Capital, established in 2023 and headquartered in Palo Alto, California, is a venture capital firm focused on investing in early-stage companies that operate in the climate tech sector. The firm, led by experienced tech founders and climate veterans Mike Schroepfer, Victoria Beasley, and Evaline Tsai, backs companies from Pre-Seed to Series A, supporting their growth and embracing scientific and technical challenges. Gigascale Capital's areas of interest include decarbonizing food & agriculture, industry, energy, transportation, materials, and the built environment, with the goal of making clean options more accessible and affordable.

Ara Partners is an investment firm focused on industrial decarbonization, targeting ventures in energy efficiency, renewable energy, industrial process electrification, waste management, and sustainable chemicals. It provides growth capital and strategic support to help portfolio companies expand and improve environmental performance across industrial and manufacturing, chemicals and materials, energy efficiency and fuels, and food and agriculture sectors. Founded in 2017 and based in Houston, the firm has offices in Boston, Washington, D.C., and Dublin, and pursues opportunities that build and scale enterprises with meaningful decarbonization impact.

Established in 2001 and headquartered in Wiesbaden, Germany, BM H Beteiligungs-Managementgesellschaft Hessen is a venture capital investment firm serving as an investment arm of Landesbank Hessen-Thüringen Girozentrale.

The UK Innovation & Science Seed Fund supports early-stage companies spun out of UK research institutions, focusing on innovative technologies and life sciences. Backed by the Department for Business, Energy and Industrial Strategy and managed independently by Midven, the fund invests in diverse sectors such as healthcare, IT, and advanced manufacturing.

Decarbonization Partners is an investment firm that focuses on late‑stage venture capital and early‑stage growth equity in companies developing proven clean‑energy technologies, electrification, green materials, and a circular digital economy. The firm targets six key areas and has already completed five investments.

Carbon Direct provides a carbon management platform that helps organizations reduce and remove carbon from the atmosphere. By combining scientific carbon knowledge with financial capital, the company delivers an end-to-end solution that turns carbon science into climate action. Its platform defines quality criteria for carbon credits, supports reductions in supply chain emissions, promotes the procurement of low-carbon fuels and materials, and enables large-scale purchase of carbon credits and removals. The company aims to scale carbon removal into a global industry through cross-functional expertise, addressing opportunities, risks, and applications of various removal and utilization technologies for clients seeking to meet climate goals.

SHINE develops and deploys fusion-based technology to produce medical isotopes and neutron sources. Its processes generate molybdenum-99, a precursor to technetium-99m used in diagnostic imaging, and lutetium-177 for diagnostic and therapeutic use, along with iodine-131 and iodine-125 for thyroid treatment and brachytherapy, and xenon-133 for lung and brain imaging. The company’s systems also provide neutron sources for industrial imaging, radiation-effects testing, and fusion materials research. In addition to medical isotopes, SHINE aims to recycle nuclear waste and advance fusion power as a source of clean energy. The business serves health care and industrial customers worldwide. SHINE is based in Janesville, Wisconsin, with an office in Alkmaar, Netherlands.

Triton Funds is a venture capital firm established in 2018 and located in La Jolla, California. The firm specializes in making agnostic investments, primarily targeting early to mid-stage companies across various sectors. Triton Funds focuses on opportunities within life sciences, the Internet of Things, cryptocurrency, and materials and resources, with a commitment to investing in companies based in the United States.

Hangzhou Dongfang Jiafu Asset Management is a venture capital firm established in 2016, with its headquarters located in Hangzhou, China, and additional offices in Beijing and Shanghai. The firm specializes in equity fund management and focuses its investment efforts on the technology, media, and telecommunications (TMT), advanced manufacturing, and healthcare sectors. By targeting these areas, Dongfang Jiafu aims to support innovative companies and drive growth within these dynamic industries.

GE Equity invests globally across various sectors, focusing on established companies with high growth potential. It takes minority ownership positions and offers growth capital, buy-out co-investments, secondary direct purchases, recapitalizations, and LP investments.

Founded in 1983, Kinetic Ventures is a venture capital firm specializing in early-stage investments in communications, information technology, and power/clean technology sectors. Based primarily in the United States, with additional offices in Canada and internationally, the firm invests between $2 million to $10 million per company, typically exiting through IPO or acquisition.

Founded in 2013, CAS Star is a venture capital firm based in Xi'an with an additional office in Beijing. It invests in and supports early-stage companies across various high-tech industries including optoelectronics, AI, biotechnology, aerospace, smart manufacturing, information technology, energy, oncology, advanced manufacturing, SaaS, and space technology.

Shell Ventures is the strategic investment arm of Shell, focusing on identifying and adopting innovative technologies to enhance commercial advantage. It invests in promising tech companies, joint ventures, and venture capital funds across sectors such as power, mobility, emission management, digital, and resources.

New Climate Ventures is an early-stage venture capital firm based in Houston, Texas, founded in 2021. The firm focuses on investing in innovative companies that specialize in carbon reduction and avoidance technologies, as well as those operating in the energy, food, ag tech, climate tech, and finance sectors. New Climate Ventures employs a diversified investment approach, utilizing its expertise in various fields, including technology and market analysis, to support entrepreneurs during the critical early stages of business development. The firm actively collaborates with founders by offering operational guidance, investment strategies, team-building support, and access to a broad network of investors, startups, and corporations, all aimed at facilitating the success of its portfolio companies.

Shenzhen Capital Group Co., Ltd (SCGC) is a venture capital firm founded in 1999 by the Shenzhen Government. The company is dedicated to fostering national industries, developing national brands, and promoting economic transformation through investments in emerging sectors. SCGC primarily targets small to medium enterprises and innovative high-tech companies, focusing on those in various stages of growth, including startups and those undergoing transformation. Its investment portfolio spans industries that align with national policy support, such as information technology, internet services, new media, biopharmaceuticals, new energy, environmental protection, chemical engineering, and high-end equipment manufacturing. With a registered capital of 5.42 billion RMB and significant assets under management, SCGC has established itself as a leader in the venture capital landscape, having invested in numerous companies, many of which have achieved public listings across global capital markets.

Launch Africa Ventures is a venture capital firm founded in 2020 and based in Ebene, Mauritius, that funds early-stage startups across Africa, focusing on seed and pre-Series A opportunities. It seeks investments across fintech, healthtech, climate tech, agritech, edtech, transportation and logistics, mobility, e-commerce, software as a service, artificial intelligence, big data, and analytics.

Lateral Frontiers is a New York-based venture capital firm focused on Africa, investing in early and growth-stage technology-enabled companies and providing debt and equity capital to support businesses across financial services, healthcare, education, energy, agriculture, housing, logistics, mobility and other sectors that address significant continental needs.

Lightrock, a venture capital firm, specializes in early-stage and growth capital investments, focusing on tech-driven businesses that address global challenges. It primarily invests in India, with a typical investment size of $0.5 million to $5 million in companies generating $0.5 million to $5 million in annual revenues. Lightrock's sectors of interest include fintech, healthcare, agriculture, education, and technology-led SME enablement platforms. It does not invest in real estate, prototypes, or business plans. Lightrock is headquartered in Bangalore, India, and operates as a subsidiary of LGT Group Foundation.

Founded in 2020, Planet First Partners is a London-based investment firm focused on growth equity and impact investing. They actively partner with entrepreneurs to scale ventures that deliver positive environmental or social outcomes across sectors such as technology, energy, healthcare, consumer goods, and industrials.

Fonds de solidarité FTQ is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Quebec. Established in 1983, the firm specializes in investing in small and medium-sized businesses across various sectors, including natural resources, aerospace, agri-food, life sciences, and culture. It primarily focuses on projects that require funding of $3 million or more and provides loans up to $2 million. The firm actively seeks investment opportunities in Quebec, particularly in regions such as Abitibi-Témiscamingue and Montérégie. Fonds de solidarité FTQ invests in a range of activities, including business succession, financial restructuring, and market development, while avoiding sectors like retail, real estate, and biotechnology. It typically engages in equity financing and unsecured debt with investment horizons ranging from five to ten years. The firm aims to support projects that positively impact the Quebec economy and often takes either minority or majority stakes in its portfolio companies.

Founded in 1989, Connecticut Innovations supports high-tech companies by providing strategic capital and operational insight. They focus on energy, biotechnology, information technology, and photonics sectors, offering flexible financing, guidance, and valuable partnerships to enable growth.

Founded in 2021 and based in Cambridge, Massachusetts, Azolla Ventures is an early-stage investor focused on climate impact. It prioritizes investments with significant greenhouse gas reduction potential and promotes diversity among entrepreneurs.

Energy Foundry is a venture capital firm focused on investing in early-stage energy startups and companies with transformative technologies, primarily based in Illinois. It provides funding and support to grid and energy technology companies.

Toyota Ventures is a San Francisco Bay Area-based venture capital firm founded in 2017. It invests globally in early-stage startups focusing on disruptive technologies and business models, with a mission to drive innovation for Toyota. The firm manages over $500 million across funds like the Frontier Fund (AI, cloud computing, autonomy, mobility, robotics, smart cities, digital health, fintech, materials, energy) and the Climate Fund (innovative carbon neutrality solutions).

Finindus is an investment company that provides early-stage and growth financing to innovative companies focused on materials science, processing technologies, and sustainable manufacturing across the metal value chain. Typically investing €0.5 to €5 million per round, with a maximum of €10 million per company, Finindus actively contributes to portfolio companies' value creation through its network, expertise, and access to OCAS's research facilities.

Mercia Ventures is an early-stage to scale-up investment firm. It supports ambitious UK businesses looking for growth investment delivered through our national footprint.

ACF Investors, established in 2011 and based in Sheffield, United Kingdom, operates as a venture capital entity that collaborates with experienced angel investors to support early-stage businesses. The firm focuses on co-investing alongside syndicates of angel investors, leveraging their sector-specific expertise to identify and fund high-potential companies. ACF Investors has built a strong portfolio, having invested over £40 million in partnership with more than £200 million from angel investors and other sources, resulting in a diverse collection of over 80 companies. The organization is dedicated to fostering the growth of small and medium-sized enterprises throughout the UK, often providing support through multiple funding rounds as these companies scale.

Founded in 2015, Liquid 2 Ventures is a venture capital firm based in San Francisco, California. It specializes in seed-stage investments for technology startups.

Founded in 2011, Longwall Venture Partners is a venture capital firm based in Oxford, United Kingdom. It specializes in early-stage investments across science, engineering, healthcare, and technology sectors.

Founded in 2021, Waterspring Ventures is a venture capital firm based in Cardiff, UK. It invests in early-stage companies across various sectors including manufacturing, sustainability, consumer goods, TV production, and tech-enabled industries.

Established in 1999, Innovation Works is a prominent investor in Southwestern Pennsylvania's technology sector. It provides capital and resources to early-stage companies with high growth potential and significant regional impact, particularly focusing on robotics, AI, medical devices, retail technologies, and enterprise software.

Chalmers Ventures is a Swedish venture capital firm based in Gothenburg that supports technology-driven companies through coaching, financing and business development. The firm invests across seed, early, and growth stages in Sweden, with programs that include incubation, startup camps and accelerator activities as well as a technology transfer program. It focuses on companies connected to the Gothenburg region and Sweden operating in information technology, communications, new materials, green tech, health tech and biotechnology, and seeks innovative ventures with growth potential. The firm typically makes minority investments and uses a staged funding approach, providing capital through various program phases and through balance sheet investments. It partners with ventures that participate in its programs, helping them advance from explore to scalable stages and achieve commercial success.

Rev1 Ventures is a venture capital firm based in Columbus, Ohio. Established in 2005, it focuses on seed-stage investments across various sectors including enterprise software, digital health, life sciences, food tech, advanced materials, and alternative energy. With over $100 million under management, Rev1 provides strategic services alongside capital to help startups scale and corporates innovate.

Founded in 2005, Demeter Partners is a Paris-based private equity firm specializing in investments that drive the ecological transition. It focuses on seed to late-stage companies and infrastructure projects across Europe, with a particular emphasis on France. The firm invests between €0.5 million and €30 million, typically taking minority stakes and seeking board seats.

Asymmetry Ventures is a venture capital firm based in San Francisco, California. It focuses on investing in early-stage startups that exhibit scalability and strong market differentiation.

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

High-Tech Gründerfonds Management GmbH is a venture capital firm based in Bonn, Germany, specializing in early-stage investments in high-tech startups. Established in 2005, the firm focuses on technology-driven companies across various sectors, including information and communication technology, life sciences, healthcare, automation, and cleantech. HTGF typically invests in companies that have been operational for no more than one year, aiming to contribute up to €0.6 million in initial funding and up to €3 million in follow-on financing. The firm seeks a minority stake, generally around 15%, and provides a subordinated loan convertible into equity, with deferred interest for up to four years to support liquidity. With a total investment volume of approximately €895.5 million across three funds, HTGF has successfully supported over 500 startups and attracted more than €2 billion in follow-on investments from external sources. The firm's investors include notable public and private entities, underscoring its role as a key player in fostering innovation and growth within the German startup ecosystem.