Lime Rock New Energy

Lime Rock New Energy is a growth capital fund dedicated to driving the clean energy transition. Based in Westport, Connecticut, the fund launched in 2019 with $375 million under management. Lime Rock targets investments between $30 million and $90 million, focusing on three key sectors: renewable energy, energy efficiency, and electrification of transportation. Their portfolio includes notable companies like Smart Wires, which provides grid optimization technology, and Qmerit, focused on electrification solutions for residential and light commercial use. Lime Rock New Energy invests primarily in North America, with a strong preference for scaling up businesses that offer clear commercial advantages in the clean energy economy. The fund is led by experienced managing directors Mark McCall, Alex Mishkin, and Mark Lewis, who bring deep expertise from energy and financial sectors. They focus on active partnerships with entrepreneurs, providing strategic guidance and leveraging their network to drive growth. Their investment strategy emphasizes supporting companies with scalable, measurable environmental impacts. Lime Rock typically seeks businesses at the growth stage and prefers to lead investments. Startups looking to engage should present clear pathways to significant market expansion within the energy transition sector.