Climate Tech

We partner with founders solving climate problems in historically underfunded markets and seek to generate competitive investment returns.

About us

Investing since

2023

Portfolio companies

16

Target investments per year

5-7

Regions

MMV Climate Tech invests in companies across the US and Canada.

Sectors

We invest in companies we believe will deliver strong investment returns and climate solutions. We focus on partnering with founders applying climate technology and artificial intelligence to enhance the value, efficiency, resilience, and sustainability of energy-related real assets and infrastructure. We leverage the MassMutual ecosystem of assets, expertise, and capital solutions to help founders build exceptional businesses.

Clean
Power
Real
Estate
Digital
Infrastructure
Natural
Resources

(Hover over each sector to learn more.)

We invest in companies improving how clean power is developed, financed, connected, operated, and monetized. We are engaging with startups addressing power generation, energy storage, grid infrastructure, distributed energy, and virtual power plants. Our focus includes technologies and services that accelerate project deployment, improve asset performance, strengthen grid resilience, and support the electrification of buildings, transportation, and industry.

We focus on technologies that improve the efficiency, resilience, and long-term value of residential and commercial real estate. We are engaging with startups that help developers, owners, and operators reduce energy use, manage climate risk, and modernize building systems. Our focus areas include HVAC and cooling, building materials, electrification, energy management, automation, and technologies that improve asset-level operating performance.

We invest in companies addressing the energy, compute, and operating requirements of digital infrastructure. We are evaluating technologies that expand power availability, improve data center efficiency, reduce cooling and computing costs, and make digital assets more flexible and resilient. Our focus includes data center power supply, efficient compute, advanced cooling, distributed infrastructure, and software that optimizes how these assets are developed and operated.

We look for technologies that improve the productivity, resilience, and responsible management of natural resources. We are evaluating opportunities related to critical minerals, resource recovery and recycling, forestry and land management, water, and climate-risk monitoring. Our focus includes sensing, geospatial intelligence, advanced materials, and digital platforms that help asset owners increase resource efficiency, manage risk, and develop new sources of value.

Sectors

We invest in companies we believe will deliver strong investment returns and climate solutions. We focus on partnering with founders applying climate technology and artificial intelligence to enhance the value, efficiency, resilience, and sustainability of energy-related real assets and infrastructure. We leverage the MassMutual ecosystem of assets, expertise, and capital solutions to help founders build exceptional businesses.

Clean
Power

We look for companies leveraging big data and advanced analytics to create climate solutions for financial institutions and corporations. We are evaluating opportunities related to climate data management, carbon markets, digital MRV solutions, climate-related insurance products, sustainable asset management, and GHG emissions reporting.

Real
Estate

We focus on companies that are decarbonizing the built environment and related infrastructure. We are engaging with startups that help real estate developers, owners, operators, and the communities they serve reduce their environmental impact and increase their climate resilience. Our focus areas include HVAC innovation, windows and building materials, energy efficiency solutions, waste reduction, and water and air purification systems.

Digital
Infrastructure

We invest in companies that are decarbonizing the power system and electrifying energy demand. We are connecting with startups that help developers accelerate the siting, financing, permitting, and interconnection of renewables, storage, and other clean power assets. We also focus on digital and financial services that optimize clean power production or support demand-side electrification.

Natural
Resources

We invest in companies that are decarbonizing the power system and electrifying energy demand. We are connecting with startups that help developers accelerate the siting, financing, permitting, and interconnection of renewables, storage, and other clean power assets. We also focus on digital and financial services that optimize clean power production or support demand-side electrification.

Stage

We invest in early-stage companies at the Seed, Series A, and Series B stages. We can lead or co-lead Seed and Series A investments and typically participate as a value-added investor in Series B rounds. We seek to build long-term relationships with founders, reserve capital for follow-on investments, and connect our portfolio companies to the MassMutual ecosystem.

Process

Our diligence process is collaborative and tailored to each company’s technology, business model, and stage. Assuming timely access to information and your team, the process typically takes four to six weeks. We begin with an introductory conversation and, if there appears to be a mutual fit, work with founders to evaluate the following areas:

Product

Product demonstration, technical differentiation, and roadmap

Financials

Funding history, cap table, historical and projected financials, unit economics, and capital requirements

Technology

Technical validation, data and AI capabilities, and deployment risks

Regulation

Permitting, licensing, and regulatory requirements, where relevant

Market

Customer needs, competition, and market dynamics

Customers

Customer references, pipeline, and contracts

Sales

Go-to-market strategy, partnerships, and customer acquisition

Team

Key team members and hiring plans

Process

Our diligence process is collaborative and tailored to each company’s technology, business model, and stage. Assuming timely access to information and your team, the process typically takes four to six weeks. We begin with an introductory conversation and, if there appears to be a mutual fit, work with founders to evaluate the following areas:

Product

Product demonstration, technical differentiation, and roadmap

Market

Customer needs, competition, and market dynamics

Financials

Funding history, cap table, historical and projected financials, unit economics, and capital requirements

Customers

Customer references, pipeline, and contracts

Technology

Technical validation, data and AI capabilities, and deployment risks

Sales

Go-to-market strategy, partnerships, and customer acquisition

Regulation

Permitting, licensing, and regulatory requirements, where relevant

Team

Key team members and hiring plans