Energize Capital LLC
SEC-registered investment adviser.
- Website
- https://www.energizecap.com
- HQ
- IL
Energize Capital LLC is a multi-stage investor in asset-light technologies that advance energy, climate, and industrial sectors. Its portfolio includes Emerald AI, InstaLILY, DroneDeploy, Smartcar, and Urbint Inc. Leadership includes John Tough, Co-Founder and Managing Partner, Juan Muldoon and Tyler Lancaster, who are Partners and Co-Heads of Ventures, and Michael Polsky, Chair of the Investment Committee.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Series A, Series B, Growth | Not enough dated deals | Growth, Series B |
| Sectors | Climate software, Energy, Manufacturing, Construction and proptech | Not enough dated deals | Enterprise SaaS, Hardware, Cybersecurity, Mobility, Robotics |
| Regions | Not stated | Not enough dated deals | CA |
Says: what the firm's funds state. Does: from 2 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2018 | 5 | Cybersecurity, Hardware, Manufacturing |
| 2019 | 7 | Enterprise SaaS, Hardware, Mobility |
| 2020 | 2 | Cybersecurity, Enterprise SaaS |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2018 | 0 | 0 | 0 | 2 | 3 |
| 2019 | 0 | 0 | 2 | 3 | 2 |
| 2020 | 0 | 0 | 0 | 1 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 1 | 1 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Energize Ventures Fund III LP Energize Capital invests in asset-light technologies that advance the energy, climate, and industrial sectors, including AI-enabled solutions for critical industries. Its venture program backs earlier-stage digital solutions. Inferred from the firm's website | 2023 | $311.76M (Form D) | Open, writing first checks |
| Energize Ventures Fund II LP | 2020 | $327.75M (Form D) | Follow-ons only |
03 · People across funds
- James Murphy, Member of the Investment Manager's Investment Committee
Energize Ventures Fund III LP (Named on Form D); Energize Ventures Fund II LP (Named on Form D)
- John Tough, Co-Founder & Managing Partner, Member of Investment Committee
Energize Ventures Fund III LP (Named on Form D); Energize Ventures Fund II LP (Named on Form D)
- Juan Muldoon, Partner — Co-Head of Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Named on Form D)
- Katie McClain, Partner & COO, Member of Investment Committee
Energize Ventures Fund III LP (Named on Form D); Energize Ventures Fund II LP (Named on Form D)
- Michael Polsky, Executive Chairman & Founder of Invenergy; Chair of Investment Committee
Energize Ventures Fund III LP (Named on Form D); Energize Ventures Fund II LP (Named on Form D)
- Agustina Soriano Sergi, Senior Associate — Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Alan Glass, Partner — Co-Head of Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Ana Hugener, Principal — Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Anson MacKinney, Senior Associate — Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Eileen Waris, Principal — Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Elisabeth Spencer, Associate — Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Iliana Griva, Associate — Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- James (Jim) Murphy, CEO & Co-Founder of Invenergy, Member of Investment Committee
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Kevin Stevens, Partner — Co-Head of Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Lauren Densham, Partner, Head of Portfolio Services & Impact
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Mark Tomasovic, Principal — Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Meredith Breach Bos, Principal — Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Sam Austin, Principal — Endurance
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Tyler Lancaster, Partner — Co-Head of Ventures
Energize Ventures Fund III LP (Team); Energize Ventures Fund II LP (Team)
- Aaron Donenberg, Portfolio Finance Associate
On the team page, not linked to a fund
- Tom Lei, Head of Portfolio Finance and Operations
On the team page, not linked to a fund
04 · Recent deals
05 · Latest from the firm
- InvestmentWhy We Invested in Emerald AISep 11, 2026
- InvestmentWhy We Invested in InstaLILYSep 11, 2026
06 · Sources
- https://www.energizecap.com
- https://energizecap.com/team
- https://energizecap.com/about-us
- https://energizecap.com/insights
- https://energizecap.com/
- https://energizecap.com/insights/why-we-invested-in-instalily
- https://energizecap.com/insights/why-we-invested-in-emerald-ai
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026