The newly established, Boise, Idaho-based August Ventures is seeking to invest in early-stage cleantech companies.
Run by Eric Hansen, the firm’s areas of interest include renewable energy, energy storage, energy efficiency and advanced materials, according to the firm’s website. Hansen says he will seek opportunities anywhere in the Western U.S.
August Ventures says it sees significant investment opportunities in the shortage of funding for early-stage companies, the evolving nature of global energy consumption, and the increased focus on global climate change.
“Recently, there has been an emergence of a number of cleantech-focused funds, we believe most cleantech funds will migrate beyond early stage investments as substantial institutional capital continues to flow into the sector; as these funds get larger, deploying small amounts of capital in individual companies becomes challenging. August Ventures will target companies needing early stage institutional round of up to $1 million to commercialize and expand their current businesses,” according to the firm's website.