AP Ventures
AP Ventures is a London-based specialist venture capital firm that invests globally in early-stage companies developing hydrogen, carbon capture, sustainable aviation fuel, and industrial decarbonisation technologies, backed by institutional LPs including Temasek, Mitsubishi, and Anglo American Platinum.
- Company typePrivate
- Founded2018
- HeadquartersEnfield, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AP Ventures does
AP Ventures is a specialist venture capital firm headquartered in London (registered as AP Ventures LLP, FCA-regulated, FRN 844802) that invests globally in early-stage companies developing technically differentiated solutions for the energy transition. The firm's investment focus spans the hydrogen value chain (production, storage, transport, and end-use applications), carbon capture and utilisation, sustainable aviation fuels, ammonia-to-power, advanced recycling and circularity, and enabling digital infrastructure such as energy commodity traceability. AP Ventures backs companies operating in energy-intensive end markets including chemicals, steel, aviation, heavy mobility, and construction, where it works with founders on technical and commercial milestones and connects them to a global network of financial and industrial partners.
The firm manages Fund I (established 2018 at spin-out from Anglo American Platinum) and Fund II (closed 2021-2023), with Limited Partners including Temasek, Anglo American Platinum, Mitsubishi Corporation, Public Investment Corporation, Mirai Creation Fund II (Toyota-backed), Sumitomo Corporation, Plastic Omnium, Equinor Ventures, Yara Growth Ventures, Pavilion Capital, Nysnø Climate Investments, Implats, and KIRKBI Climate. AP Ventures generates returns through traditional VC mechanisms — management fees on committed capital and carried interest from portfolio exits — rather than product or service revenue. The firm is privately held, employs approximately 30 people across London and a San Francisco office, and was founded in 2018 following predecessor activity dating to 2013 under Anglo American Platinum's corporate venturing arm. Lead partners Andrew Hinkly and Kevin Eggers oversee investment activity, with senior investment managers covering hydrogen end-use, PEM/alkaline electrolysis, SAF, blue hydrogen, and carbon capture subsectors.
AP Ventures firmographics
Firmographics- Name
- AP Ventures
- Legal name
- AP Ventures LLP
- Website
- https://apventures.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AP Ventures is a London-based specialist venture capital firm that invests globally in early-stage companies developing hydrogen, carbon capture, sustainable aviation fuel, and industrial decarbonisation technologies, backed by institutional LPs including Temasek, Mitsubishi, and Anglo American Platinum.
- Ownership category
- akta.pro rank
AP Ventures industry classification
Industry- Product category
- Venture Capital / Private Equity
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
Keywords
Where AP Ventures is headquartered
LocationHeadquarters
- HQ city
- Enfield
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
AP Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Venture Capital Returns: AP Ventures generates returns through traditional VC mechanisms including management fees from managed funds and carried interest (performance fees) from successful portfolio company exits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
AP Ventures product offering
Product offeringCore offering
AP Ventures is a specialist venture capital firm that manages funds from institutional Limited Partners and invests in early-stage companies developing technologies for the energy transition. The firm deploys equity capital into technically differentiated solutions across hydrogen production/storage/transport, carbon capture and utilisation, sustainable aviation fuels, and advanced materials targeting energy-intensive sectors such as chemicals, steel, aviation, heavy mobility and construction. In addition to capital, AP Ventures provides portfolio companies with technical due diligence, strategic guidance, and access to a global network of industrial and financial partners.
Product overview
AP Ventures is a specialist venture capital firm headquartered in London that invests globally in technologies reshaping the industrial economy. The firm focuses on technically differentiated solutions which improve operational performance, enhance resilience, security and flexibility, and support the transition to lower-carbon systems. AP Ventures backs early-stage companies with applications in energy-intensive sectors such as chemicals, steel, aviation, heavy mobility and construction. Since 2013, the team has been investing in companies in complex segments of the energy transition, bringing experience and expertise across chemistry, materials science, engineering and finance. Rather than offering products or services, AP Ventures provides investment capital and strategic support to portfolio companies advancing technologies in low carbon molecule production, storage, transport and end use applications, carbon capture and utilisation technologies, and circularity and advanced recycling.
Differentiator
Problem solved
Functional benefit
Products and services
- AP Ventures Fund I
- AP Ventures Fund II
- Venture Capital Investment Management
- Limited Partner Advisory Services
Quantifiable outcome
- Portfolio companies deployed across hydrogen value chain, carbon capture, sustainable aviation fuels, and materials sectors since 2013
- +1 more outcomes
Companies that use AP Ventures
Customer profileNamed customers12 records
Segments2 records
Ideal customer profiles2 records
AP Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AP Ventures partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Hydrogen CouncilminorAP Ventures Managing Partner Andrew Hinkly participated in the Hydrogen Council G20 Investor Forum in Karuizawa, Japan, discussing innovative financing schemes for hydrogen projects.
- Hydrogen CouncilminorAP Ventures facilitated a workshop for the Hydrogen Council Finance project team on the role of venture capital in scaling the hydrogen economy.
Scale indicators3 records
Recent moves8 records
Expansion highlights7 records
AP Ventures competitors and assessment
Company assessmentDirect peers
- Breakthrough Energy Ventures: Bill Gates-backed climate-tech venture fund investing across hydrogen, CCUS, advanced materials, and energy. Directly comparable as a specialist, multi-stage climate VC partnering with industrial LPs and operating globally.
- Clean Energy Ventures: Seed-stage climate-tech fund backing companies in hydrogen, carbon capture, and industrial decarbonization. Comparable stage and sector focus, though AP Ventures operates across seed-to-Series C while CEV focuses earlier.
- Prelude Ventures: Multi-stage climate-tech VC focused on decarbonization, hydrogen, and sustainable materials. Directly comparable in sector mandate and partnership-driven model, with similar portfolio overlap in industrial hard-tech.
- DCVC: Deep-tech venture firm with significant climate/energy exposure. Co-invested with AP Ventures in Amogy (2021). Comparable in technical diligence approach and willingness to back hard-tech hardware at scale.
- Energy Impact Partners: VC fund backed by a global coalition of utilities and energy corporates investing across climate and energy transition. Comparable industrial-LP partnership model and focus on decarbonization infrastructure.
- Lowercarbon Capital: Climate-focused VC backing technologies that reduce CO2 emissions, with active hydrogen and carbon capture investments. Comparable thesis and stage focus; operates larger and more generalist than AP Ventures.
Broad incumbents
- Khosla Ventures: Large diversified venture firm with substantial climate-tech exposure including hydrogen and CCUS. Comparable as a deep-tech investor in energy transition but operates far broader across software and biotech.
- Equinor Ventures: Corporate venture arm of Equinor, an LP in AP Ventures Fund II. Comparable as a strategic energy CVC investing across the hydrogen value chain and CCUS, though backed by a single corporate parent.
- Aramco Ventures: Corporate venture arm of Saudi Aramco, co-investor with AP Ventures in Amogy and AquaHydrex. Comparable as a strategic energy CVC with hydrogen/ammonia focus, though operating under a single oil-major sponsor.
- Chevron Technology Ventures: Corporate venture arm of Chevron, co-investor in Hydrogenious LOHC, Immaterial, and other AP Ventures portfolio companies. Comparable strategic CVC with energy-transition mandate from a major oil and gas parent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AP Ventures social profiles
Digital presenceAP Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
AP Ventures leadership team
Management profileNumber of profiles
Profiles13 records
AP Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AP Ventures M&A and investment
M&A and investmentM&A
Investments47 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AP Ventures
What does AP Ventures do?
AP Ventures is a specialist venture capital firm that manages funds from institutional Limited Partners and invests in early-stage companies developing technologies for the energy transition. The firm deploys equity capital into technically differentiated solutions across hydrogen production/storage/transport, carbon capture and utilisation, sustainable aviation fuels, and advanced materials targeting energy-intensive sectors such as chemicals, steel, aviation, heavy mobility and construction. In addition to capital, AP Ventures provides portfolio companies with technical due diligence, strategic guidance, and access to a global network of industrial and financial partners.
Is AP Ventures a public or private company?
AP Ventures is a private company. It is classified as management employee owned and is currently operating.
When was AP Ventures founded?
AP Ventures was founded in 2018. It employs 11 to 50 people.
Where is AP Ventures based?
AP Ventures is headquartered in Enfield, United Kingdom, in the Europe region.
How does AP Ventures make money?
One revenue line is on record: venture Capital Returns.
Who are AP Ventures's main competitors?
Direct peers on record are Breakthrough Energy Ventures, Clean Energy Ventures, Prelude Ventures, DCVC, Energy Impact Partners and Lowercarbon Capital. Broad incumbents are Khosla Ventures, Equinor Ventures, Aramco Ventures and Chevron Technology Ventures.
Does AP Ventures have an API?
No public API is recorded for AP Ventures.
What industry is AP Ventures in?
AP Ventures's product category is Venture Capital / Private Equity. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms. Its NAICS code is 52394 and its SIC code is 6282.