Energize Capital LLC
Energize Capital invests in software and services advancing the energy transition. $1.7 billion AUM, over 35 active portfolio companies across venture capital and private equity strategies.
In the firm's own words, from its website.
28 additional team members, 1 additional co-investor or affiliate, 25 additional investments, funds and LPs, 35 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days. Last change: 17 Sep 2025, Latest round GridStrong seed ($10M round) on 17 Sep 2025.
People to know
View all people- Executive Vice President & Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Partner — Co-Head of EnduranceWhy: Partner: part of the investment decisionNo route on file yet
- Partner — Co-Head of VenturesWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
60 connected entities2 observed roundsrounds 2025
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Energize Capital LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Energize Capital LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
2 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| GridStrong | Seed Funding · Seed | participant | unknown | $10.0M | unknown | Sep 17, 2025 | Fact Press release |
| GreenLite | Series B · Series B | participant | unknown | $49.5M | unknown | Sep 15, 2025 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, climate, energy, cybersecurity, industrial, media
- Stages
- series a, multi stage
- Geography
- chicago, global
- Check size
- $10.0M to $30.0M stated by the firm
- Self-described
- venture capital
Team
32 current, 4 departed
Decision makers
- John Joseph Tough · Executive Vice President & Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Alan Glass · Partner — Co-Head of EnduranceWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Juan Muldoon · Partner — Co-Head of VenturesWhy this person: Partner: part of the investment decision; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Executive Vice President & Managing Partner
- Partner — Co-Head of Endurance
- Partner — Co-Head of Ventures
4 departed (kept with end dates)
- Adam Ross Katz · Vice President, Head Of Legal, Chief Compliance Officer, & Secretary · Aug 1, 2022 to Oct 26, 2023 Inference
- AMY Noelle Francetic · Managing Director And Chief Compliance Officer · Jan 1, 2017 to Nov 27, 2019 Inference
- Shariq a Syed · Chief Financial Officer · Oct 1, 2021 to Sep 21, 2022 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
27 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Energize Growth St III LLC | Growth fund · ADV: Private Equity Fund | 2024 adv first reported | Early deployment | $211M Mar 31, 2026 | 12 | unknown | unknown |
| EV Fs Spv LLC | SPV or co-invest vehicle | 2024 form d first sale | Early deployment | $1.7M Mar 31, 2026 | 14 | $22,107 | May 10, 2024 |
| Energize Ventures Fund III LP | Fund | 2023 form d first sale | Fundraising | $379M Mar 31, 2026 | 85 | $312M | Apr 18, 2025 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Shear Family Foundation Inc | FOUNDATION | EV Urb Spv LLC | $501,666 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| John D & Catherine T Macarthur Foundation | FOUNDATION | Energize Ventures Fund III LP | $288,850 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Shear Family Foundation Inc | FOUNDATION | Energize Ventures Fund II LP | $1.7M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
1 co-investors · on 5 other DFX graphs
Co-investors
- 2025-09-171 shared deal · one time · they led 1
Compare portfolios with Congruent Management, LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 5 other DFX graphs · 2 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators, Independent Sponsors, Private Equity, RIA and Wealth, Private Credit, matched by identifier. See which records
Energize Capital LLC is the same institution as 5 records in Allocators, Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.
DFX found 5 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Energize Capital LLC sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
40 dated events, 87 observations from 4 sources
Timeline
- seen on or beforeSep 24, 2026Energize Capital LLC: SEED_FUND_MANAGER -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $1,677M)Classification changedClassificationInference
- seen on or beforeSep 12, 2026Energize Capital LLC: MULTI_STAGE_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInference
- Mar 31, 2026Energize Nira Spv I LLC first reported on Form ADV by Energize Capital LLC (Private Equity Fund), GAV $38,627,473
- Mar 31, 2026Eviii Climate Spv a LLC first reported on Form ADV by Energize Capital LLC (Private Equity Fund), GAV $39,988,513
- Mar 31, 2026EV Mta Zkb Spv LP first reported on Form ADV by Energize Capital LLC (Venture Capital Fund), GAV $5,866,491
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 26 private fundsShowHide
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- energizecap.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 26 (21 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.7Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 26
- Owners on Schedule A
- The Michael P. Polsky Trust (Owner), owns 75% or more; Polsky Energy Holdings LLC (Sole Owner), owns 75% or more; Polsky Energy Investments LLC (Sole Owner), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 24, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.7B
- Sep 13, 2026Seed fund manager (probable, 80%)Name or self-description says seed
- Sep 12, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.4B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2017-07-28 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2017-07-28 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2023-11-28 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Employees | 26 | Mar 31, 2026 | Fact | Form ADV |
| Employees | 18 | Mar 28, 2024 | Fact | Form ADV |
| Headquarters | Chicago, IL | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Chicago, IL | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital “Venture Capital” | Sep 30, 2026 | Fact | |
| Self-described type | seed “First check” | Sep 16, 2026 | Fact | |
| Self-described type | seed “First check” | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| PE funds reported | 5 | Mar 31, 2026 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 26 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 26 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 20 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.7B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.7B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $1.7B | Mar 31, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $1.4B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 29, 2026 | Fact | Form ADV |
| Stated check (high) | $30.0M “First check $10-30M” | Sep 30, 2026 | Fact | |
| Stated check (high) | $30.0M “First check $10-30M” | Sep 16, 2026 | Fact | |
| Stated check (high) | $30.0M “First check $10-30M” | Sep 12, 2026 | Fact | |
| Stated check (low) | $10.0M “First check $10-30M” | Sep 30, 2026 | Fact | |
| Stated check (low) | $10.0M “First check $10-30M” | Sep 16, 2026 | Fact | |
| Stated check (low) | $10.0M “First check $10-30M” | Sep 12, 2026 | Fact | |
| Stated geography | Chicago, global “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Chicago, global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Chicago, global “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, enterprise software, climate, energy, cybersecurity, industrial, media “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, climate, energy, cybersecurity, industrial, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, climate, energy, cybersecurity, industrial, media “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series a, multi stage “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series a, multi stage “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series a, multi stage “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 21 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 21 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 20 | Mar 28, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShowHide
Both early and growth/opportunity families, reported GAV $1.7B
- importance
- gav: 0.67 · funds: 1 · people: 0.76 · investments: 0.11 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2025-09-17
- emerging manager
- fund count: 29 · reported gav: $1.7B · first adv filing: 2017-07-28 · years since first filing: 9.2
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-24
- Organization classification changed2026-09-12
- Adviser's first ADV filing2017-07-28source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.