What does Azolla Ventures do?

Azolla Ventures is a venture capital firm based in Cambridge, Massachusetts, founded in 2021 by the nonprofit Prime Coalition. The firm specializes in early-stage investments in clean-tech hardware and biotech startups that aim to significantly reduce greenhouse gas emissions. Azolla Ventures operates as an independent, impact-first fund manager, combining catalytic capital with traditional venture capital to support innovative climate solutions. The firm focuses on visionary founders at high-risk stages, prioritizing investments that have the potential for gigaton-scale CO2e reductions by 2050. Azolla Ventures is majority woman-led and emphasizes partnerships with nonprofits to address early-stage climate funding gaps. Its portfolio includes companies like Heaten, which develops high-temperature heat pumps, and Noon Energy, known for low-cost long-duration battery storage. The team is dedicated to building businesses that contribute to a sustainable future while ensuring that their investments align with verified impact metrics.