Published by Todd Bush on September 26, 2023
Fund III cohort accelerates the energy transition, facilitates discovery of better therapeutics and advances critical industries
September 26, 2023 08:00 AM Eastern Daylight Time
ATLANTA & BOSTON & SAN DIEGO & TAMPA, Fla. & WASHINGTON--(BUSINESS WIRE)--Anzu Partners, an investment firm delivering capital and strategic support to early-stage breakthrough technology companies, today announced it has raised more than $200 million at the close of its third venture capital fund.
Fund III was established to invest in companies developing next-generation solutions in clean technology, industrial innovations, and life sciences. Investors in Fund III include new and returning public and private institutions, single and multifamily offices, and accredited investors across the U.S. and overseas.
Anzu Partner’s Fund III has deployed $123.1 million to 12 companies across the following sectors:
The Fund III cohort reflects Anzu Partners’ expanded commitment to clean technology companies that are not only powering the energy transition but also enabling a more sustainable use of resources, representing nearly half of the companies in the portfolio. Previous investments in clean technologies include Niron Magnetics, which is commercializing a non-rare earth permanent magnet alternative, and 6K, which is driving a sustainable domestic battery material production process with near-zero waste and lower carbon footprint.
“Anzu Partners is focused on investing in the breakthrough technologies that will serve as the backbone of industry – and will foster broader access to clean technologies, transformative therapeutics and our electrified future,” said David Michael, Managing Partner and co-founder, Anzu Partners. “There’s no time like the present to invest in the core technologies that will support the industries of tomorrow, because tomorrow is already on our doorstep.”
To further underscore the need to develop next-gen technologies, more than $117 million in government funding and grants have been awarded to Anzu Partners’ portfolio companies, including EnCharge AI, Niron Magnetics, 6K and South 8 Technologies.
>> Additional Reading: Hydrogen Ignites the Future: Two Projects Illuminate the Path to Clean Energy
Anzu Partners was founded in 2014 with the mission to advance breakthrough technologies and build an investment platform that allows founders to focus on what they do best – build industry-disruptive technologies. Today, Anzu Partners has a bench of more than a dozen technical experts and approximately 70 investment, operations, and platform professionals who offer strategic, financial management, global connectivity, operational, communications and marketing support to portfolio companies as they mature from early stage to commercialization.
Anzu Partners manages approximately $1 billion in strategic assets across several funds and strategies, including two existing oversubscribed venture funds (Fund I with $128 million launched in 2016, Fund II with $190 million launched in 2019), a Special Purpose Acquisition Company (“SPAC”), and a series of special purpose vehicles.
Anzu Partners is an investment firm that focuses on clean tech, industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, global connectivity, and operations. For more information, please visit anzupartners.com.
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