Elemental Excelerator

Company

Investment-firm

Last deal

$32.5M

Amount

Grant

Stage

10.05.2022

Date

3

all rounds

$93M

Total amount

Financing round

General

About Company
Elemental Excelerator funds climate tech deployment to redesign systems at the root of climate change.

Related to

Trove

Trove

Trove helps brands take control of their resale marketplaces.

Sector

Retailers

Subsector

Diversified Retailers

Location

Brisbane, CA, USA

total rounds

7

total raised

$152.5M

Industry

Sector :

Subsector :

founded date

01.01.2012

Number of employees

Last funding type

Grant

IPO status

Private

Description

The non-profit incubator and impact investment firm, founded in 2009 and based in Honolulu, invests in growth-stage companies operating in the climate technology sector. Elemental has invested in over 150 companies, celebrated 25 exits, funded more than 119 technology projects, and built a platform for scaling equitable, market-driven solutions to climate change. By breaking down barriers to innovation alongside entrepreneurs, Elemental gains unique insight into the policy, market, and technology innovation needed to uplift people and communities around the world.
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$93M

Money Raised

Their latest funding was raised on 10.05.2022. Their latest investor Office of Naval Research. Their latest round Grant

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Office of Naval Research

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Aerospace and Defense

Subsector

Defense

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Marine Technology, Financial Services

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Co-Investors
Investors
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Number of lead investors

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Number of investors

Investor 
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Partners 
Office of Naval Research

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People

Founders
2
Dawn Lippert
Dawn Lippert

Dawn Lippert

Dawn Lippert is CEO of Elemental Excelerator, a startup program that each year funds 15-20 companies up to $1 million each to improve systems that impact the planet and people’s lives: energy, water, agriculture, transportation, and beyond. Dawn initially started funding companies in Hawaii in 2009, and in the past six years alone Elemental has awarded over $36 million to 99 portfolio companies. This funding goes toward innovation projects that are co-designed and co-deployed by the startup, customers, community members, and the Elemental team in the geographies of Hawaii, Asia, and California. Elemental portfolio companies have gone on to raise follow-on funding of over $1.1 billion. Elemental is a non-profit funded by a coalition of utility partners, corporate partners, philanthropic organizations, and the U.S. Navy.

current job

Emerson Collective
Emerson Collective

organization founded

2

Dawn Lippert

Jill Sims
Jill Sims

Jill Sims

In 2012, Jill and Dawn co-founded Energy Excelerator to fill a void in funding and support for cleantech companies. She currently manages the piece of our program that makes Energy Excelerator unique: funding, partnerships, and a program for customer demonstration projects.

current job

Elemental Excelerator
Elemental Excelerator

Jill Sims

Employee Profiles
16
Mike Curtis

Mike Curtis

Managing Director, Finance

Mike Jackson

Mike Jackson

Investor in Residence

Dawn Lippert

Dawn Lippert

CEO

Andrew Beebe

Andrew Beebe

Board of Managers

Lauren Tonokawa

Managing director, communications

Jill Sims

Jill Sims

COO and Head of Innovation Deployment

Danya Hakeem

Danya Hakeem

Managing Director, Portfolio

Danielle Harris

Danielle Harris

Director of Mobility Innovation

Activity

Recent News
25
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