Congruent Ventures

Congruent Ventures is a San Francisco climate firm with reported total AUM above $1bn. The fund stack covers Fund I ($92m), Fund II ($175m), Fund III ($275m, December 2023), and a $300m Continuity Fund. Stage focus is pre-seed to Series A, with about 80 percent of rounds being first institutional. The thesis spans atoms, bits, and business model innovation. Industrial holdings include Fervo Energy (geothermal), Avalanche Energy (fusion), AMP Robotics, Parallel Systems (autonomous rail), and Span.IO.