23-04-2025
New VC Firm CIV Raises $200 Million to Bet on Manufacturing, Energy
A new venture capital firm called CIV has raised an inaugural fund of $200 million to invest in startups tackling projects like nuclear energy and manufacturing — joining a broader movement in Silicon Valley to back physical-world companies with national implications.
The firm's founders include former Coatue Management general partner Abhijoy Mitra and Jeff Rosenthal, the co-creator of the events business behind Summit Series. Its chief executive officer, Patrick Maloney, previously founded Inspire Energy Capital, bought by Shell Plc. The firm is backed by high-profile tech figures like SpaceX Chief Operating Officer Gwynne Shotwell and Union Square Ventures co-founder Fred Wilson, as well as a group of traditional limited partners.
