Fall 2025: Funga Announces Deal with Netflix, Avalanche Energy Awarded $10MM & More
See the latest highlights from Prime's portfolio companies, color coded by portfolio across Trellis Climate, Azolla Fund I, Prime Impact Fund I, and our syndication phase. To find out more about our entire portfolio, visit our investments page.
Avalanche Energy, a company creating compact fusion reactors, was awarded $10MM through the Washington State Department of Commerce’s Green Jobs Grant Program for the development of their FusionWERX test facility, a first-of-its-kind commercial-scale testing facility for advanced fusion technologies. This was covered by CleanTech Alliance, GeekWire, and Heatmap.
Calcarea, a company performing carbon capture at sea via accelerated weathering of limestone, has developed a new ship reactor to turn CO₂ into salt that can be stored for up to 100,000 years, as featured in Interesting Engineering and Marine Insight.
Carbon Reform, a climate tech company that develops modular carbon capture systems for commercial buildings to reduce CO2 and contaminant levels internally, while saving energy costs, announced the installation of their carbon reduction system in New Jersey – the first of its kind in New Jersey, covered by ROI-NJ, BINJE, and NJB.
Charm Industrial, a company sequestering carbon emissions via bio-oil, received the first Core Carbon Principles labeled Biochar CDR Credits from Isometricas covered by Carbon Herald.
C-Motive, a company developing electrostatic drive motors for electric vehicle applications, closed a $13.5MM funding round, allowing them to expand their production capabilities through building a new facility. They were also a finalist in the 2025 Wisconsin Innovation Awards, covered by the University of Wisconsin College of Engineering and the Wisconsin Technology Council.
ConnectDER is a company designing products for utilities seeking to monitor and manage residential distributed energy resources (DERs) while improving and standardizing the DER interconnection process. They announced the launch of their next-generation product, IslandDER™, designed to accelerate residential solar and storage installs as standardized backup solutions.
Funga is a company optimizing the microbiome of tree roots to accelerate growth, storing carbon in wood and soil. They announced a deal with Netflix, where Netflix has committed to buying Funga’s biodiversity-powered carbon removal credits for the next 11 years, covered by Forbes.
Gradient, a company building a climate-friendly hybrid heating and cooling unit to push the building sector toward zero carbon, was selected for the 2025 Net Zero Accelerator® cohort by USGBC California. They were also recently featured in Natural Refrigerants, Skylight Magazine, and Habitat Magazine, for their energy efficient approach and innovative products.
Lilac Solutions, a company scaling up lithium supply for the electric era, announced that its Generation 4 ion exchange technology is a key driver of improved results presented in Lake Resources’ updated Phase One Definitive Feasibility Study (DFS Addendum) for the Kachi Lithium Project in Argentina.
Muon Vision, a company developing a more sustainable way to process critical metals, is a semi-finalist in Pepperdine’s Graziadio Business School’s Most Fundable Companies competition. They were also selected to join the SQM Lithium Ventures Acceleration program.
NetZeroNitrogen is a company that eliminates synthetic nitrogen fertilizer’s estimated 1 billion+ tonnes of CO2e annual contribution to global warming, by providing farmers with a highly effective, natural, cheaper alternative source of nitrogen for crops. They announced the closing of an over-subscribed $6.6MM seed fundraising round, concluding in an excess of $8MM, covered by TechCrunch.
Nitricity, a company that produces an organic low-emission fertilizer through an innovative process that uses only air, water, clean energy, and waste biomass, raised a $50MM Series B funding round co-led by World Fund and Khosla Ventures. It also held a groundbreaking ceremony for its first-of-a-kind organic fertilizer plant in Delhi, California, funded in part by Trellis. The plant is slated for operation in 2026.
Oxylus Energy, a company developing a lower cost conversion of carbon dioxide into green methanol to decarbonize hard-to-abate sectors, took first place in the Yale Innovation Summit’s Climate Pitch Competition, featured in Yale Ventures.
Rain, a company developing autonomous aircraft for rapid wildfire response, was featured in the LA Times, for their emerging technologies driving firefighting innovations.
Rebound Technologies, is a company that developed a revolutionary, energy-efficient and more cost-effective alternative to traditional vapor compression cooling systems. They announced their partnership with the YMCA of the Pikes Peak Region, to install the first C1 cooling unit in the state of Colorado.
Still Bright, a company developing closed-loop reactions that enable environmentally sound and complete extraction of copper at unprecedented speeds, raised an $18.7MM seed round from Material Impact, Breakthrough Energy Ventures, and Azolla Ventures, covered by TechCrunch.
Sublime Systems, a low-carbon cement company, recently announced the completion of a pilot pour of ultra-low-carbon cement at a data center campus, in collaboration with STACK Infrastructure, as covered by STACK and Canary Media.
Tandem PV, a company developing perovskite-based tandem solar technology that delivers significantly higher energy output, received a $4MM grant from the California Energy Commission, accelerating the commercialization of their next-gen solar panels.
Twelve, a company that transforms CO₂ emissions into the building blocks for essential products currently made from fossil fuels, received an investment from United Airlines Ventures’ Sustainable Flight Fund and a 10-year partnership focused on commercializing low-carbon asphalt technology with Verde Resources. Their airline partnerships were featured in Forbes. They also announced a multiyear agreement with Autodesk, which centers on Twelve's groundbreaking power-to-liquid (PtL) technology.
Zanskar, a company using AI to discover and derisk new geothermal resources, announced their second deep geothermal discovery, at a site called “Pumpernickel”, in Northern Nevada, as covered by Heatmap.
