Backing pioneering Washington founders inventing solutions for local resilience and global climate impact.
Launched by VertueLab, Opalene Climate Capital is an uncommon venture capital fund that doubles private investment with state-matched dollars to accelerate clean tech innovation and impact. The fund focuses on Washington state, home to one of the world’s most vibrant climate tech ecosystems.
We Invest In:
Opalene centers growth and impact at the Seed and Series A stages. We invest in scalable hardware, software, and AI-enabled clean tech startups with potential for global reach in the energy, mobility, built environment, agriculture, maritime, industrial, and aviation sectors with a focus on:
CLIMATE RESILIENCE
Innovation that helps communities withstand the stresses of climate change on our infrastructure, health, natural ecosystems, and economies.
OVERLOOKED VENTURES
WA- based climate tech startups, including visionary founders and teams historically excluded from venture capital.
CLIMATE MITIGATION
Reduction, prevention, or removal of greenhouse gas emissions, to minimize damage and repair our climate.
Opalene sprouted in one of the nation’s most ambitious hubs for climate innovation: Washington state.
With a nearly $1 trillion economy, deep technical and business talent, and a suite of supportive climate policies, the region offers fertile ground for breakthrough solutions and scalable ventures.
The climate crisis won’t wait – and neither can we. Now is the time for funders and innovators to act.
The Opalene Advantage:
MATCHING DOLLARS FROM WASHINGTON STATE
With 1:1 matching investment from Washington state, public capital boosts private capital, and startups get a longer runway to success.
DEEP EXPERTISE AND EXPERIENCE
We’ve been accelerating the success of climate tech startup companies since 2011, and investing in the most promising ones for over 10 years.
STRONG PARTNERSHIPS
We leverage our deep partnerships and VertueLab programs to source investment opportunities, and to equip the portfolio companies with the skills and connections they need to scale up.
How it Works:
The Opalene fund combines private venture capital and catalytic capital with public capital to maximize impact and reduce risk.
Venture Capital
Market-rate, open to accredited Investors
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Catalytic Capital
Recoverable grants & regenerative grants through DAFs or Foundation PRIs
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Public Capital
1:1 Matching capital from WA State Department of Commerce
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