Keeling Capital

Overview

Keeling Capital is a fund-of-funds manager specializing in climate technology investments. The firm focuses on accelerating the development and deployment of climate solutions by providing investors with access to a broad climate tech opportunity set. Operating in the climate technology sector, the company employs a multi-manager strategy to invest in top climate venture capitalists globally. This approach allows Keeling Capital to offer a diversified portfolio, giving investors access to 200 underlying climate tech companies across various sectors and geographies. The business model is centered around co-investments in growth-stage companies, with a focus on decarbonization in key areas such as food, agriculture, energy, transport, mobility, built environment, heavy industry, and carbon management. Keeling Capital generates revenue through streamlined operations, including reporting and capital calls, and enhances investor engagement through regular events with leading experts in climate solutions. The company's mission aligns with the transition to Net Zero, viewing it as a multi-decade evolution and a generational wealth creation opportunity. Keeling Capital's strategy is built for returns and managed for risk. The firm invests intelligently to curate a portfolio designed to outperform. They have spent years refining a thesis-driven approach, developing deep sector expertise, and cultivating long-standing relationships to build a high-resolution view of the energy transition landscape. Keeling Capital partners with world-class specialist GPs to construct a high-quality, optimally diversified portfolio and layers on a targeted co-investment strategy to double down on breakout winners. The team comprises GPs, LPs, and operators with decades of experience across the energy and decarbonization landscape. The leadership includes Co-founders and Managing Partners Béla Hanratty and Ross Madden, Principal Shravan Shah, Venture Partner Jill MacAri, Senior Advisor Joanna Rupp, and Senior Advisor Partner Tony Lent. Keeling Capital's portfolio includes companies such as Koloma, producing clean, low-cost geologic hydrogen; Nira Energy, offering software to accelerate grid connection for data centers and renewables; Eneida, providing smarter, more reliable low-voltage grids; Relectrify, developing longer-lasting, lower-cost batteries; First Street, offering climate risk data connecting hazards to financial impact; Cast AI, automating cloud cost optimization and scaling; Minesense, providing real-time ore sensing to boost mining efficiency; Gritt Robotics, accelerating renewable infrastructure build; Ampacimon, offering dynamic line rating to unlock more grid capacity; Blue Energy, focusing on shipyard manufacturing to scale nuclear fission; Tyba, providing software to maximize returns from energy storage projects; and Disa, offering chemical-free mineral processing and remediation. Keeling Capital's strategy is built for returns and managed for risk. The firm invests intelligently to curate a portfolio designed to outperform. They have spent years refining a thesis-driven approach, developing deep sector expertise, and cultivating long-standing relationships to build a high-resolution view of the energy transition landscape. Keeling Capital partners with world-class specialist GPs to construct a high-quality, optimally diversified portfolio and layers on a targeted co-investment strategy to double down on breakout winners.

Investment Focus

• Focus on climate technology investments
• Alignment with decarbonization goals
• Potential for high returns with managed risk
• Diversified portfolio across various sectors and geographies
• Co-investment opportunities in growth-stage companies
• Access to top climate venture capitalists globally
• Streamlined operations including reporting and capital calls
• Engagement with leading experts in climate solutions
• Alignment with the transition to Net Zero
• Long-term investment horizon