Opalene Climate Capital (Venture Capital Fund)

Opalene Climate Capital

Opalene Climate Capital is a unique, impact-oriented venture capital fund launched by VertueLab that doubles private investment with state-matched dollars to accelerate equitable climate tech innovation.

Geographic Scope: Washington State (based in Washington, a global leader in innovation and home to one of the world's most dynamic climate tech ecosystems)

Climate Resilience:

• Microgrids
• Circular systems
• Carbon capture innovations
• Earth-safe materials
• Digital tools for resilient infrastructure

Climate Mitigation:

• Clean energy solutions
• Green building technologies
• Clean transportation
• Regenerative agriculture
• Energy-efficient data centers

Target Entrepreneurs:

• BIPOC-led ventures
• Women-led ventures
• Rural enterprises
• Frontline community enterprises
• Overlooked ventures facing barriers to capital

Fund Structure:

• Doubles private investment with state-matched dollars
• Blends public, private, and philanthropic capital
• Mission-driven structure to lower risk and maximize impact
• Designed for flexibility and impact

Why Opalene Is Different:

• Proven Track Record: Built on more than a decade of funding early-stage climate tech in the Pacific Northwest, with dozens of high-impact companies supported
• Local Focus with Global Scaling: Invests in Washington-based innovators, leveraging partnerships with cities, universities, labs, and engineers for real-world testing, deployment, and global growth
• Mission-Driven Structure: Backed by a nonprofit, enabling mission-aligned investors to directly support scalable climate tech

Portfolio Examples:

• Harvest: All-in-one electric heat pump system for heating, cooling, and water heating in homes
• OpConnect: EV charging infrastructure solutions for apartments, condos, and fleet operators