💥 Proud to announce the final close of the $150M Blackhorn Ventures Industrial Impact Fund II, which provides us the opportunity to continue to partner with world-class founders transforming how we build, power, and move our world. 💥 I've been involved in the #energytransition for two decades and have never worked harder, or had more conviction in the timeliness of this opportunity: the 'AI Supercycle' and the 'Manufacturing Supercycle' are converging, creating an unprecedented increase in energy demand (and structural labor shortages) in the sectors where we invest - conditions ripe to build iconic companies for the 21st century. To take advantage of this opportunity, we're privileged to start new LP relationships with Mitsubishi Electric, Westlake, GOLDBECK and Mercuria, and excited to continue relationships with existing LPs who have been with us since our first fund: Jonathan F.P. Rose, The Grantham Foundation for the Protection of the Environment Simpson Strong-Tie amongst other foundations, advisors, and mission-aligned individuals. My exceptional colleagues at Blackhorn, led by Philip O'Connor + Melissa Cheong + Stephan Cizmar, wake up every day working to earn the right to support entrepreneurs accelerating the energy transition - companies like AGORUS, Buzz Solutions, Circuit Mind, Datch, ecoworks, Electric Era, Fero Labs, Golioth, Isometric Technologies (ISO), King Energy, Optera, RailVision Analytics, Ridepanda, Specifx Data, Sway (formerly Returnmates), ThinkLabs AI, Inc., Trunk and the newest member of the Blackhorn family Formic. The momentum across these 20 companies in the portfolio is undeniable: 9 of these 20 have already either raised subsequent capital or have received term sheets for up rounds or round extensions. For those on our shared journey to digitize our industrial infrastructure, decarbonize our economy, and safeguard our most critical infrastructure and economic competitiveness, thank you for your ambition! If you’re working to accelerate the energy transition and building a brighter future (whether as a founder, investor or industry stakeholder), please reach out. Shout out to Katie Fehrenbacher Snehal Shah Roodgally Senatus Tim McDonnell Bianca Giacobone Shaun Beaney for shining a light on this milestone during a challenging fundraising environment, and for your steadfast support of this vibrant ecosystem. The best is yet to come. ✨ ✨ ✨ https://lnkd.in/ekgTnCQR
Well done, Micah. I know that in some ways, the hard work is now just beginning - identifying, screening, and selecting startups to invest in, and the supporting their development. Wishing you great success in this important venture.
Bert Wank
2w
Congratulations Blackhorn Ventures for closing the fund under the current “climate change” conditions in finance. Conditions facing interest-rate sensitive renewable project investments, which #AI-enabled ventures such as infiniRel Corporation phelp to improve operational #efficiencies.
ian gardner
1w
congrats, need this dry powder to keep the transition moving.....
So good t o see this. There will be a great need for this. Congratulations to the team.
Bravo Micah Kotch!
Jacob Susman
2w
Very exciting to see, Micah Kotch. Congrats to you and the Blackhorn Ventures squad. Look forward to seeing the killer companies and teams you will back
Congrats to the entire team! Excited to cheer on your impact and continue finding opportunities to collaborate.
Gusty Clarke
2w
Congratulations, Micah, and Blackhorn Ventures!
Micah Kotch this is fantastic!
CEO @ Cycling Batteries | AWB Properties LLC | Dive Hostel-Mexico | Film Production Executive | Social Entrepreneur | Sustainability Advocate
2wThis is great, Micah. I have long sought a seed and early-stage fund focused on significant impact. We are primed to raise capital currently, based on our unique patent pending Ebike battery technology, that charges ebike batteries faster than you can safely drink a cup of coffee. I want to discuss cycling batteries with you or anybody at Blackhorn Ventures and see if there’s synchronicity. Ad Black CEO Adam@CyclingBatteries.com +1 646 508 2975 New York, USA CYCLINGBATTERIES.com Book a call: https://tidycal.com/adamblack