Climate Innovation Capital
Climate Innovation Capital (ClimateIC) is a Toronto-based growth equity venture fund founded in 2020 that invests in mid-stage, commercially proven climate technology companies across energy, buildings, agriculture, transportation, industrials, and waste sectors to deliver financial returns and decarbonization outcomes.
- Company typePrivate
- Founded2020
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Climate Innovation Capital does
Climate Innovation Capital (ClimateIC) is a Toronto-based growth equity venture capital firm founded in 2020 that invests in mid-stage, commercially proven climate technology companies. The firm targets cost-competitive climate technologies that address large-scale inefficiencies across the buildings, industrials, energy and power, agriculture and food, transportation and mobility, and waste and recycling sectors. ClimateIC's stated investment thesis is to deliver superior financial returns while accelerating decarbonization of the global economy and building a more resilient economy — framing climate solutions as a generational economic transformation rather than purely an impact thesis.
The firm is led by three Co-Founders and Managing Partners — Paul Atkinson, Kevin Kimsa, and Nelson Switzer — supported by a Partner (Gil Eiges), a Senior Associate (Zoe Best), a Senior Analyst (Ariel Sharir), and two operations/administration staff, totaling fewer than ten employees. Its portfolio of approximately eleven companies spans wildfire prevention (Skyward Wildfire), geothermal energy (XGS Energy), soil health and biological agriculture (MyLand, Groundwork BioAg), livestock virtual fencing (NoFence), grid optimization (LineVision), sustainable building products (CleanFiber), smart thermostats (Mysa), and climate management software (Manifest Climate), evidencing a deliberately diversified multi-vertical mandate within climate tech.
ClimateIC generates revenue through conventional venture fund economics — recurring management fees on committed capital plus carried interest on profitable exits — though neither fund size, vintage, LP roster, nor AUM is publicly disclosed. Deal flow is sourced through a public pitch deck submission portal on its website and direct outreach, and the firm maintains an active content presence via its website and newsletter. The most recent disclosed transactions include leading a $7.9 million CAD Seed Extension round for Skyward Wildfire (February 2026) alongside Diagram Ventures and Active Impact Investments, and forming a strategic partnership with Rho Impact (April 2026) to scale commercial climate innovations and accelerate portfolio company growth.
Climate Innovation Capital firmographics
Firmographics- Name
- Climate Innovation Capital
- Legal name
- Climate Innovation Capital Inc
- Website
- https://climateinnovationcapital.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Climate Innovation Capital (ClimateIC) is a Toronto-based growth equity venture fund founded in 2020 that invests in mid-stage, commercially proven climate technology companies across energy, buildings, agriculture, transportation, industrials, and waste sectors to deliver financial returns and decarbonization outcomes.
- Ownership category
- akta.pro rank
Climate Innovation Capital industry classification
Industry- Product category
- Climate Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Climate / Clean Tech & Decarbonization Funds (FSANAJAA)
- akta.pro secondary industries
- Energy & Sustainability / Climate Growth Equity (FSANACAG), Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE)
Keywords
Where Climate Innovation Capital is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Climate Innovation Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Distribution channels1 record
Marketing channels3 records
Climate Innovation Capital product offering
Product offeringCore offering
Climate Innovation Capital is a growth equity and venture capital fund that invests in mid-stage, commercially proven climate technology companies. The firm deploys capital into businesses developing cost-competitive decarbonization solutions across buildings, industrials, energy and power, agriculture and food, transportation and mobility, and waste and recycling sectors. The fund supports portfolio company growth through capital investment, strategic guidance, and network access rather than selling standalone products or services.
Product overview
Climate Innovation Capital is a venture capital firm that invests in mid-stage climate technology companies. It does not offer standalone products or services but provides investment capital to portfolio companies developing climate solutions across sectors including buildings, industrials, energy and power, agriculture and food, transportation and mobility, and waste and recycling.
Differentiator
Problem solved
Functional benefit
Companies that use Climate Innovation Capital
Customer profileSegments1 record
Ideal customer profiles1 record
Climate Innovation Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Climate Innovation Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Rho ImpactcoreClimate Innovation Capital and Rho Impact announced a partnership to scale commercial innovations for a climate resilient economy. The collaboration aims to support and accelerate the growth of climate technology companies in their portfolio.
Scale indicators1 record
Recent moves4 records
Expansion highlights4 records
Climate Innovation Capital competitors and assessment
Company assessmentRegional players
- Clean Growth Fund: Canadian growth equity and venture fund focused on clean technology, providing a directly comparable domestic peer in geography and stage focus.
Direct peers
- Energy Impact Partners: Growth-equity and late-stage venture investor in climate and clean-energy technologies, with a cooperative LP/utility model. Closely comparable to ClimateIC in mandate, stage focus, and cross-vertical climate deployment.
- Prelude Ventures: Multi-stage climate tech VC investing across energy, mobility, food/ag, and built environment. Comparable thesis (commercial viability, decarbonization at scale) and portfolio breadth overlap with ClimateIC.
- Lowercarbon Capital: Climate-focused VC investing across decarbonization and CO2 removal, with seed through growth checks. Direct comparable in thesis and stage focus, with a more concentrated portfolio approach.
- Clean Energy Ventures: Seed and early-growth climate tech fund backing commercially viable decarbonization companies. Closely aligned with ClimateIC's mid-stage, commercial-viability-first investment posture.
- Congruent Ventures: Climate-tech and sustainability-focused early-to-growth investor across energy, mobility, and the built environment. Comparable stage range and vertical diversification to ClimateIC.
- Climate Capital: Early and growth-stage venture investor dedicated to climate solutions across multiple decarbonization verticals. Closely aligned mandate and stage posture with ClimateIC.
Broad incumbents
- Breakthrough Energy Ventures: Large, well-capitalized climate-tech fund backed by Bill Gates and partners, investing across the five BE pathways. Comparable in climate-only mandate and late-stage deployment; much larger scale than ClimateIC.
- DCVC (now part of The Carbon Team): Deep-tech and climate VC with a substantial climate allocation across energy, agriculture, and industry. Comparable on the climate-tech side of its portfolio though broader in scope than ClimateIC.
- Khosla Ventures: Large venture firm with a meaningful climate-tech practice spanning energy, agriculture, and industry. Comparable where ClimateIC competes for similar opportunities, but Khosla's climate allocation is a sleeve of a generalist fund.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Climate Innovation Capital social profiles
Digital presenceClimate Innovation Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Climate Innovation Capital leadership team
Management profileNumber of profiles
Profiles8 records
Climate Innovation Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Climate Innovation Capital M&A and investment
M&A and investmentM&A
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Climate Innovation Capital
What does Climate Innovation Capital do?
Climate Innovation Capital is a growth equity and venture capital fund that invests in mid-stage, commercially proven climate technology companies. The firm deploys capital into businesses developing cost-competitive decarbonization solutions across buildings, industrials, energy and power, agriculture and food, transportation and mobility, and waste and recycling sectors. The fund supports portfolio company growth through capital investment, strategic guidance, and network access rather than selling standalone products or services.
Is Climate Innovation Capital a public or private company?
Climate Innovation Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Climate Innovation Capital founded?
Climate Innovation Capital was founded in 2020. It employs 1 to 10 people.
Where is Climate Innovation Capital based?
Climate Innovation Capital is headquartered in Toronto, Canada, in the North America region.
Who are Climate Innovation Capital's main competitors?
Clean Growth Fund is listed as a regional player. Direct peers are Energy Impact Partners, Prelude Ventures, Lowercarbon Capital, Clean Energy Ventures, Congruent Ventures and Climate Capital. Broad incumbents are Breakthrough Energy Ventures, DCVC (now part of The Carbon Team) and Khosla Ventures.
Does Climate Innovation Capital have an API?
No public API is recorded for Climate Innovation Capital.
What industry is Climate Innovation Capital in?
Climate Innovation Capital's product category is Climate Venture Capital. Its primary akta.pro industry code is FSANAJAA, Climate / Clean Tech & Decarbonization Funds, with a secondary code of FSANACAG, Energy & Sustainability / Climate Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.