G2 Venture Partners

What G2 Venture Partners does

G2 Venture Partners (G2VP) is a venture capital and growth investing firm founded in 2016 by four former Senior Partners of Kleiner Perkins' Green Growth Fund — Ben Kortlang, Brook Porter, David Mount, and Daniel Oros. Headquartered in Portola Valley, California, the firm invests in technology companies at their inflection points that digitize and decarbonize traditional industries including transportation, energy, agriculture, manufacturing, and logistics. Its core offering is venture capital deployment through a series of pooled funds: Fund I closed at $350 million in June 2018 (with a flagship commitment from investor John Doerr), Fund II closed at $500 million in June 2021, and Fund III (G2VP III, LP) filed a Form D with the SEC in December 2024 seeking up to $750 million.

G2VP operates as a relatively lean team of 11–50 employees, structured around a partner group (including Operating Partners such as former Vertiv CEO Rob Johnson and former Zoox Head of Strategy Neel Mehta), a COO, principal, director of investor relations, and a multi-level analyst cohort. The firm maintains a portfolio of 30+ companies — including Antora Energy, Waabi, Cast AI, Crusoe, Lumafield, Pivot Bio, Locus Robotics, Luminar, and others — supported by an in-house job board (Getro-powered) for portfolio talent and annual impact reporting on sustainability outcomes. Its GTM is relationship-driven: deal sourcing occurs through direct outreach, founder referrals, and engagement at climate-tech and venture capital events, rather than traditional marketing channels.

The business model follows a standard institutional VC structure: recurring management fees on committed capital (the firm does not publicly disclose fee rates), supplemented by performance-based carried interest on successful portfolio exits. The firm earns no direct product or service revenue; all disclosed monetization flows from fund economics. Geographic footprint is global in claim, with primary operational base in the United States and portfolio exposure spanning North America, Europe (e.g., 1KOMMA5°), and APAC-backed rounds.

Name

G2 Venture Partners

Legal name

G2VP, LLC

Website

https://g2vp.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

G2 Venture Partners is a venture capital firm founded in 2016 that invests in technology companies digitizing and decarbonizing traditional industries including transportation, energy, manufacturing, and agriculture, serving technology founders and institutional limited partners through three funds totaling up to ~$1.6 billion.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Late-Stage Venture Capital (Series C+) (FSANAAAC)

Keywords

• Venture capital investing
• Climate technology investing
• Growth equity funding
• Sustainable technology investing
• Industrial digitization capital

Headquarters

HQ city

Menlo Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Management Fees: Standard VC management fee structure charged on committed capital
2. Carried Interest: Performance-based carried interest from successful portfolio company exits

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

G2 Venture Partners is a venture capital and growth equity firm that invests capital in emerging technology companies digitizing traditional industries and driving sustainable market transformations. The firm partners with extraordinary companies at their inflection points across transportation, energy, agriculture, manufacturing, and logistics sectors. Capital is deployed through multi-fund limited partnership vehicles, with portfolio companies receiving ongoing strategic guidance, operational support, and access to an industrial partner network.

Product overview

G2 Venture Partners is a venture capital and growth investing firm that partners with technology companies at their inflection points to build a sustainable future. The firm offers a single unified investment platform rather than a multi-module product architecture. Core offerings include venture capital investment services for emerging technology companies, a portfolio company platform showcasing investments across sectors including 1KOMMA5°, AiDash, Antora, Arcadia, AssetWatch, Carbon, Cast AI, Crusoe, Fictiv, LightGuide, LinkSquares, Locus Robotics, Lumafield, Luminar, Motive, Oyster, Pivot Bio, ProducePay, Relay, Scandit, Seegrid, Trove, Turvo, VAST Data, Waabi, and Wonolo. Additional offerings include a job board platform powered by Getro for portfolio company recruitment, annual impact reporting on sustainability metrics, and news/blog content covering investment announcements and industry insights.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Investment Services Venture capital and growth equity investment in emerging technology companies that digitize traditional industries and drive sustainable market transformations across transportation, energy, agriculture, manufacturing, and logistics.
• Impact Reporting for Limited Partners Annual impact reports measuring sustainability outcomes, emissions reduction, and environmental benefits across the portfolio, provided to limited partners as part of fund reporting.

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship, core and foundational.

• UberflagshipStrategic or Co-development Partner · 28 January 2026Uber committed $250M in milestone-based investment for Waabi partnership to deploy 25,000+ robotaxis on Uber platform
• NVIDIA (NVentures)coreStrategic or Co-development Partner · 28 January 2026NVIDIA's venture arm invested in Waabi's Series C and provides GPU/compute infrastructure partnership
• Volvo Group Venture CapitalcoreStrategic or Co-development Partner · 28 January 2026Volvo invested in Waabi and partnered on autonomous trucking technology integration
• Kleiner PerkinsfoundationalStrategic or Co-development Partner · 15 June 2021G2VP spun out from Kleiner Perkins' Green Growth Fund. Founders were Senior Partners at KP before founding G2VP. Prior investments at Kleiner Perkins include OSIsoft, Proterra, Enphase Energy, and others.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DCVC (Data Collective): Deep-tech and climate-tech focused VC investing in computationally driven industrial transformation. Participated alongside G2VP in Lumafield Series C and shares the 'digitize traditional industries' thesis.
• Lux Capital: Frontier-technology VC with substantial climate-tech and industrial-tech exposure. Co-invested with G2VP in Lumafield and pursues a similar 'science-driven reindustrialization' mandate.
• Breakthrough Energy Ventures: Bill Gates-founded climate-tech venture fund investing across energy, transportation, buildings and agriculture. Direct peer to G2VP with overlapping thesis on decarbonization and overlapping co-investors on rounds such as Antora Energy.
• Eclipse Ventures: Industrial-tech-focused VC investing in digitizing traditional industries. Co-led Antora Energy Series C with G2VP and shares the same sustainable industry transformation thesis.
• Khosla Ventures: Broad-stage venture firm with deep climate-tech and industrial-tech exposure. Co-led Waabi Series C with G2VP, demonstrating direct co-investment overlap and similar late-stage check sizes.
• Energy Impact Partners: Dedicated climate-tech and energy-transition venture and growth fund backed by utilities and corporates. Direct peer given shared focus on digitizing and decarbonizing traditional industries.
• Prelude Ventures: Early- and growth-stage climate-tech focused venture firm. Comparable as a thematic specialist in sustainable industry transformation.
• IVP (Institutional Venture Partners): Late-stage growth equity firm leading large Series C/D rounds. Led Lumafield Series C with G2VP participation, demonstrating similar late-stage check profile in enterprise/industrial tech.

Broad incumbents

• Kleiner Perkins: G2VP's founding team spun out of Kleiner Perkins' Green Growth Fund; KP continues to invest across climate and enterprise tech and has co-invested with G2VP (e.g., Lumafield). Comparable as a multi-stage tech investor with overlapping climate exposure.
• SoftBank Vision Fund 2: Mega-scale late-stage investor co-leading large rounds with G2VP (e.g., Cast AI $108M Series C). Overlap is at the late-stage check-size and climate/AI infrastructure end of the market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/G2VPLLC
• LinkedInlinkedin.com/company/g2vp

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments53 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about G2 Venture Partners