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Third Derivative Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

Third Derivative Investment Overview

Portfolio Companies
139
Total Invested
$243.0M
Average Investment
$2.2M

Third Derivative's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
NOC Energy2026SeedUndisclosedHouston
Oxylus Energy2025Non-equity AssistanceUndisclosedNew Haven
phelas2024Non-equity AssistanceUndisclosedMunich
MicroEra Power2026Non Equity Assistance$25KRochester
Allye2026Non-equity AssistanceUndisclosedLondon
Aerleum2025Non-equity AssistanceUndisclosedStrasbourg
HyperHeat2025Non-equity AssistanceUndisclosedOffenburg
Cambridge Electric Cement2025Non-equity AssistanceUndisclosedCambridge
Kraftblock2025Non-equity AssistanceUndisclosedSulzbach
Wild Microbes2024SeedUndisclosedCambridge

Complete List of Third Derivative Portfolio Companies (139)

Export
#CompanyStageAmountLocation
26NOC EnergySeedUndisclosedHouston, United States
27Oxylus EnergyNon-equity AssistanceUndisclosedNew Haven, United States
28phelasNon-equity AssistanceUndisclosedMunich, Germany
29MicroEra PowerNon Equity Assistance$25KRochester, United States
30AllyeNon-equity AssistanceUndisclosedLondon, United Kingdom
31AerleumNon-equity AssistanceUndisclosedStrasbourg, France
32HyperHeatNon-equity AssistanceUndisclosedOffenburg, Germany
33Cambridge Electric CementNon-equity AssistanceUndisclosedCambridge, United Kingdom
34KraftblockNon-equity AssistanceUndisclosedSulzbach, Germany
35Wild MicrobesSeedUndisclosedCambridge, United States
EnergyManufacturingRenewable Energy

NOC Energy facilitates the decarbonization of industrial heating without producing any carbon emissions.

Houston, United States
April 2026
Seed

Founder Contacts

30,000+ verified contacts

Carbon CaptureEnergy EfficiencyFuel

Oxylus Energy provides new carbon utilization technology for the generation of e-fuels.

New Haven, United States
April 2025
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

Energy

phelas develops the solution for the energy transition to use solar and wind power.

Munich, Germany
March 2024
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

CleanTechData CenterEnergyEnergy EfficiencyEnergy ManagementEnergy StorageFuel CellHeatingVentilationand Air Conditioning (HVAC)Property DevelopmentProperty Management

Resilient, efficient Thermal Energy Storage for C&I buildings

Rochester, United States
March 2026
$25K
Non Equity Assistance

Founder Contacts

30,000+ verified contacts

Energy StorageRenewable EnergySoftware

Allye is a software-enabled energy storage company that promotes local grid resiliency while helping society access green energy.

London, United Kingdom
March 2026
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

Chemical

Aerleum Develops a groundbreaking system that combines CO2 capture and conversion to produce clean fuels and chemicals.

Strasbourg, France
March 2025
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

ManufacturingRenewable Energy

Climate Tech // Industrial Heat

Offenburg, Germany
March 2025
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

Building MaterialConstructionGreen Building

Cambridge Electric Cement is a sustainable cement start-up.

Cambridge, United Kingdom
March 2025
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

EnergyEnergy StorageEnvironmental EngineeringRenewable EnergySustainability

High Temperature Energy Storage System

Sulzbach, Germany
March 2025
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

Alternative ProteinBiotechnologyGenetics

Wild Microbes is developing a microbial platform to produce faster and cheaper sustainable products from plastic to protein.

Cambridge, United States
March 2024
Seed

Founder Contacts

30,000+ verified contacts

Waste Management

GreenLIB Materials is a long-term recovery process for key materials from all forms of lithium-ion batteries.

Montreal, Canada
February 2026
$1.1M
Seed

Founder Contacts

30,000+ verified contacts

BatteryEnergy EfficiencyEnvironmental EngineeringRenewable EnergySoftware

BattGenie is developing software technology that enables safer, longer-lasting, and faster-charging batteries.

Seattle, United States
February 2023
Non-equity Assistance

Founder Contacts

30,000+ verified contacts

Clean EnergyCleanTechEnergyRenewable Energy

HYDGEN develops modular electrolyzer systems designed for on-site and on-demand green hydrogen production.

Singapore, Singapore
October 2025
$5.0M
Seed

Founder Contacts

30,000+ verified contacts

Carbon CaptureConsumer ElectronicsCookingOrganicRenewable EnergySocial Impact

ATEC solves clean cooking and climate change through disruptive technology.

Castlemaine, Australia
September 2025
$15.5M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

EnergyEnergy StorageRenewable Energy

XL Batteries develops a technology platform to reduce waste formation.

Brooklyn, United States
September 2025
$7.5M
Seed

Founder Contacts

30,000+ verified contacts

BiotechnologyChemicalManufacturing

Cascade Biocatalysts creates productive enzymes for economical biomanufacturing of sustainable chemicals.

Denver, United States
August 2025
$5.4M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

EnergyManufacturingPrecious Metals

Hertha Metals is a manufacturing industry that designs and manufactures steel from any grade of iron ore without the use of coal.

Conroe, United States
July 2025
$17.0M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

BatteryEnergy StorageRenewable Energy

Elementium is a battery materials company that develops and scales novel electrolyte formulations for advanced lithium-ion chemistries.

Katy, United States
July 2025
$3.0M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

Carbon CaptureChemical EngineeringSustainability

Mass Mitigation of Carbon Emissions

Los Angeles, United States
February 2025
$4.3M
Seed

Founder Contacts

30,000+ verified contacts

Chemical EngineeringManufacturingRecycling

Tereform develops novel deconstruction processes to transform waste materials into pristine chemical building blocks.

Denver, United States
February 2025
$1.2M
Seed

Founder Contacts

30,000+ verified contacts

BatteryCleanTechEnergyEnergy EfficiencyEnergy ManagementEnergy StoragePower GridRenewable EnergySoftwareSustainability

Cleantech and energy SaaS

Toronto, Canada
January 2025
$2.5M
Seed

Founder Contacts

30,000+ verified contacts

EnergyEnvironmental ConsultingRenewable Energy

Sironix Renewables is a seed-stage company that develops environmentally friendly and safe chemicals.

Seattle, United States
October 2024
$3.0M
Venture - Series Unknown

Founder Contacts

30,000+ verified contacts

Environmental ConsultingEnvironmental EngineeringNatural ResourcesSustainability

Carbonfuture is the world's leading provider of high-quality durable carbon removal credits.

Freiburg, Germany
September 2024
Series A

Founder Contacts

30,000+ verified contacts

Consumer GoodsElectronicsEnergyEnergy StorageHeatingVentilationand Air Conditioning (HVAC)

Blue Frontier specializes in air conditioning systems designed for sustainability, comfort, and energy storage.

Boca Raton, United States
March 2024
Series A

Founder Contacts

30,000+ verified contacts

EnterpriseFashionProduct Design

CanvaLoop with their proprietary technology and infrastructure convert agricultural waste to textile fibres.

Surat, India
March 2026
$1.4M
Series Unknown

Founder Contacts

30,000+ verified contacts

Showing 26-50 of 139 portfolio companies

Frequently Asked Questions About Third Derivative

How many companies has Third Derivative invested in?

Third Derivative has invested in 139 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Third Derivative invest in?

Third Derivative's top investment sectors include Renewable Energy, Energy, Energy Storage, Manufacturing, Energy Efficiency. The firm invests across 44 different industry categories.

What is Third Derivative's largest investment?

Among tracked funding rounds, Hertha Metals received $17.0M in a Venture - Series Unknown round. Third Derivative's total known invested capital is $243.0M.

What is the average investment size for Third Derivative?

Third Derivative's average investment size is $2.2M across its portfolio of 139 companies.

What are Third Derivative's most recent investments?

Recent Third Derivative portfolio additions include NOC Energy, Oxylus Energy, phelas, MicroEra Power, Allye. These companies were founded in 2020 or later.

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