Website: [g2vp.com](https://g2vp.com) ### Introduction G2 Venture Partners (G2VP) is a venture capital firm founded in 2017, emerging as a spin-out from Kleiner Perkins Caufield & Byers. Headquartered in Portola Valley, California, G2VP focuses on investing in early-stage technology companies that drive digital transformation and sustainability across traditional industries such as energy, mobility, industrials, and agriculture. The firm aims to partner with innovative companies that utilize transformative technologies to revolutionize how society lives, works, and thrives. Specific employee count data is not publicly available, but the firm maintains a focused team typical of boutique venture capital entities. As a private entity, G2VP does not have a public ticker symbol and operates as an investment firm rather than a direct developer of products or infrastructure. Its mission centers on funding and supporting entrepreneurs who are building sustainable solutions to address global challenges, with a particular emphasis on climate and sustainability startups. This report will explore G2VP’s investment focus, key portfolio areas related to energy and compute infrastructure, and its broader impact on these sectors. ### Key Products and Technology As a venture capital firm, G2VP does not develop products or technologies directly but invests in companies that do. Below are key areas of focus within energy and compute infrastructure based on their portfolio and investment strategy: - **Energy Transition Technologies (Renewable Energy and Storage Solutions)** - **Type**: Investments in solar, wind, energy storage, and grid optimization technologies. - **Technical Specifications**: Varies by portfolio company; for example, investments may target battery storage systems with high energy density or grid-scale renewable projects with multi-MW outputs. - **Fuel Type or Energy Source**: Renewable sources (solar, wind, hydro) and energy storage solutions (lithium-ion, flow batteries). - **Key Differentiators**: Focus on scalable, cost-effective solutions that enhance grid reliability and reduce carbon footprints. - **Development Stage**: Ranges from early-stage R&D to commercial deployment, depending on the portfolio company. - **Target Customers**: Utilities, industrial sectors, and government entities aiming for decarbonization. - **Compute Infrastructure for AI and Data Centers (Digital Infrastructure)** - **Type**: Investments in companies providing hardware, software, or energy solutions for high-performance computing and AI data centers. - **Technical Specifications**: Support for high-efficiency cooling systems, energy-efficient chips, or renewable-powered data centers (specific specs depend on the investee). - **Fuel Type or Energy Source**: Often tied to renewable energy integration to power data centers sustainably. - **Key Differentiators**: Emphasis on reducing energy consumption and enabling scalable compute capacity for AI workloads. - **Development Stage**: Primarily early to growth stage, with some portfolio companies nearing commercial contracts. - **Target Customers**: Hyperscale cloud providers, AI startups, and tech companies requiring robust compute infrastructure. G2VP’s approach is to identify and nurture companies that align with global trends in sustainability and digitalization, particularly those addressing the intersection of energy and compute demands. ### Regulatory and Licensing Status As a venture capital firm, G2VP itself is not subject to direct regulatory oversight in the same manner as nuclear or energy infrastructure companies (e.g., NRC licensing for nuclear reactors). Instead, its regulatory interactions are limited to compliance with financial regulations overseen by bodies like the U.S. Securities and Exchange Commission (SEC) for investment activities. There are no specific filings or milestones related to energy project licensing directly tied to G2VP. However, the companies in G2VP’s portfolio may face regulatory hurdles depending on their sector. For instance, energy startups may require permits for grid integration or renewable project deployment, while compute infrastructure companies might navigate data privacy or environmental impact regulations. G2VP supports its portfolio companies in navigating these challenges, but specific timelines or milestones for commercial deployment are managed at the individual company level and not centralized through G2VP. ### Team and Leadership G2VP’s leadership team comprises experienced venture capitalists and industry experts with backgrounds in technology and sustainability. Key figures include: - **Ben Kortlang (Partner and Co-Founder)**: A veteran investor with prior experience at Kleiner Perkins, Ben focuses on energy and industrial transformation investments. He brings deep expertise in scaling technology companies. - **Brook Porter (Partner and Co-Founder)**: Also a former Kleiner Perkins executive, Brook specializes in mobility and energy innovation, with a passion for sustainable technology solutions. - **David Mount (Partner)**: David has a background in energy and industrial sectors, contributing strategic insights to G2VP’s investment decisions. Specific X handles or LinkedIn profiles for the team were not verified in the available data and are therefore omitted to maintain accuracy. ### Funding and Financial Position G2VP has raised significant capital to support its investment thesis. According to recent news, the firm is currently raising $750 million for its third fund, signaling strong investor confidence in climate and sustainability startups [TechCrunch](https://techcrunch.com/2024/12/13/g2-ventures-partners-is-raising-750-million-for-a-third-fund/). Previously, G2VP raised $500 million for its second fund in 2021, aimed at supporting entrepreneurs focused on sustainable technology solutions [TechCrunch](https://techcrunch.com/2021/06/15/g2vp-vc-raises-500-million-to-fund-tech-that-make-industries-more-sustainable/). Total historical funding details beyond these rounds are not fully disclosed in public sources. As a private venture capital firm, G2VP does not report market cap or stock performance. Key institutional backers or limited partners are not publicly detailed in the latest data, though the firm’s ability to raise large funds suggests strong support from institutional investors. G2VP is not a revenue-generating entity in the traditional sense; its financial success is tied to the performance and exits of its portfolio companies. ### Recent News and Developments | Date | Event | Details | |---------------|----------------------------------|---------------------------------------------------------------------------------------------| | Dec 17, 2024 | Third Fund Raise Announcement | G2VP aims to raise $750M for its third venture capital fund [Dakota](https://www.dakota.com/fundraising-news/g2-venture-partners-aims-for-750m-with-third-vc-fund). | | Dec 13, 2024 | Fund Raise News Coverage | TechCrunch reports on G2VP’s $750M fundraise as a bullish signal for climate tech [TechCrunch](https://techcrunch.com/2024/12/13/g2-ventures-partners-is-raising-750-million-for-a-third-fund/). | | Oct 9, 2025 | Investor Profile Update | Tracxn updates G2VP’s investor profile with portfolio trends and news [Tracxn](https://tracxn.com/d/venture-capital/g2vp/__1WS0s2qqthKGPIFehDt94KA4gEx1-Bw9UzdEfc9fqGU). | | Jul 10, 2025 | Portfolio Insights | CB Insights publishes detailed profile on G2VP’s investment focus and portfolio [CB Insights](https://www.cbinsights.com/investor/g2vp). | | Jan 25, 2025 | Industry Sentiment on X | Posts on X highlight energy as a bottleneck for AI data centers, aligning with G2VP’s investment themes in energy-compute solutions. | Note: Some dates and events for 2025 are based on available data projections or updates; specific day-to-day news beyond December 2024 is limited due to the current date context. ### Partnerships and Collaborations G2VP does not form direct operational partnerships as it is a venture capital firm; instead, it facilitates strategic connections for its portfolio companies. While specific partnerships are not detailed in public data for G2VP itself, its investments often target companies collaborating with utilities, tech giants, and government programs. For example: - **Portfolio Company Collaborations**: G2VP-backed energy startups may partner with utilities for renewable energy deployment or grid integration projects, though specific names are not disclosed in recent data. - **Compute Infrastructure Focus**: Investments in data center solutions likely involve strategic alignments with hyperscale cloud providers or AI firms, as inferred from industry trends discussed on X. The strategic value lies in G2VP’s ability to connect portfolio companies with industry leaders, accelerating market entry and scaling. ### New Hampshire Relevance G2VP’s relevance to [[New Hampshire]] (NH) is indirect, as it does not operate energy or compute infrastructure projects itself but funds companies that could potentially align with NH’s needs. Assessing its fit: - **Proximity to Infrastructure**: NH hosts [[Seabrook Station]] (a nuclear power plant) and is part of the ISO-NE grid, which could benefit from G2VP-backed renewable energy or grid optimization technologies to balance load and integrate sustainable power sources. - **Technology Readiness**: Portfolio companies in energy transition or compute infrastructure may range from early-stage to near-commercial, potentially aligning with NH’s deployment timelines if targeted for Northeast US markets. - **Legislative Alignment**: NH’s legislative initiatives like HB 710, which may support advanced energy solutions or SMRs, could be relevant if G2VP invests in nuclear-adjacent or grid-support technologies, though no direct SMR investments are noted. - **Potential Applications**: G2VP-funded solutions could address NH grid power needs, support growing data center loads in the region, or provide industrial energy efficiency tools. - **Existing Connections**: There is no specific evidence of G2VP or its portfolio companies expressing interest in NH or the Northeast US directly, but their focus on sustainability aligns broadly with regional clean energy goals. G2VP’s impact on NH would likely materialize through a portfolio company deploying technology in the state, rather than direct involvement. ### Competitive Position G2VP operates in a competitive venture capital landscape focusing on climate and sustainability tech. Compared to peers: - **[[Breakthrough Energy Ventures]] ([[Breakthrough Energy Ventures|BEV]])**: Backed by high-profile investors like Bill Gates, BEV has a broader global scope and deeper pockets, focusing on high-risk, high-impact climate solutions. G2VP differentiates with a more focused early-stage investment strategy. - **[[Lowercarbon Capital]]**: This firm also targets climate tech but emphasizes carbon removal and niche areas. G2VP’s broader industry digitalization focus (including compute infrastructure) offers a wider investment lens. - **[[Energy Impact Partners]] (EIP)**: EIP collaborates closely with utilities for energy innovation, giving it a direct operational edge. G2VP’s risk lies in its reliance on portfolio company execution without such direct industry ties. G2VP’s unique advantage is its heritage from Kleiner Perkins, providing deep VC expertise, though it faces risks from market volatility in sustainability sectors. ### Closing Note G2VP is at a strong growth stage, raising significant capital for its third fund with a positive outlook for impactful investments in energy and compute infrastructure. *Report generated December 24, 2025*