Westly Group

Westly Group

A venture capital and private equity firm investing in early to mid-stage clean technology companies.

Westly Group is a venture capital and private equity firm investing in early to mid-stage clean technology companies that is headquartered in Menlo Park, California and was founded in 2007.

Investment funds
Clean Technology Fund

On July 11, 2018 Westly Group announced raising $130 million in funding for their Clean Technology Fund. The firm plans on using the fund to make investments between $3 to $5 million in clean technology companies working in energy, buildings, and transportation. Investors contributing capital to the Clean Technology Fund are Innogy SE, Duke Energy Corp, CLP Holdings Ltd., American Electric Power Co., Chubu Electric Power Co., and Bridgestone Corp..

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Planet Labs

Planet Labs is a San Francisco-based satellite imaging company offering daily monitoring of images of the Earth.

T-REX is a cloud-based SaaS company which combines big data and asset class expertise to provide solutions and enhance performance of complex investments, including renewable energy and structured credit markets.

Gecko Robotics is a company developing robots for industrial inspections founded in 2013 by Troy Demmer.

Trove is a Brisbane, California-based company building and operating resale programs for brands.

Greenwave Systems Inc is an Irvine, California-based telecommunications equipment company founded in 2008 by Martin Manniche.

11 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Westly Capital Partners Fund III, L.P.
150,000,000
August 23, 2016
4 Results
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Richard Dal Porto
February 11, 2021
TechCrunch
Unlike impact investing, which is squarely focused on the (external) effects of a business, ESG concerns mostly internal practices and processes.

References

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