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Conduit Ventures Limited

USGBEuropeMiddle EastAsiaAfricaClimateDeep TechAI/ML

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Investment thesis

Conduit Ventures Limited is an independent fund manager focused on synergistic optimisation solutions across the energy transition, food, and water. The firm partners with smart, growth-stage entrepreneurs to create value for all stakeholders, with the understanding that every challenge demands a tailored approach. In the early 2000s, Conduit understood that there was no silver bullet to the world's resource and energy challenges. Hence, the guiding strategy has been to invest in solutions that integrate seamlessly into the energy landscape, such as hydrogen, solar and biofuels. The firm creates synergy within its portfolio by investing in projects and solutions that complement each other, forming a self-serving ecosystem.

Notable quotes

The New Sources-Conduit Ventures collaboration is a powerful combination, combining the best of both worlds. Conduit Ventures' team consist of seasoned investors and are considered early pioneers in the hydrogen and fuel cell sector. Several of their portfolio companies are market leaders today.

John Butt · New Sources partnership announcement · 2025-11-13

New Sources will establish strategic partnerships with a strong operational focus and international footprint.

John Butt · New Sources partnership announcement · 2025-11-13

Recent investments

CompanyRoundSizeDate
Wal Low CarbonUnknown
SFC EnergyGrowth
TougasSeries B$6m2013-09-05
HydrexiaSeries B$2m2013-05-08
P21 Energy SolutionsSeries B$6m2009-05-13
Vairex Air SystemsSeries A$2m2008-09-23
Protonex Energy SolutionsSeries A2004-03-15
Ballard Power SystemsGrowth
Blue World TechnologiesGrowth
Heliocentris AGGrowth

Frequent co-investors

VC firmDeals together
Air Liquide1
Enertech1
Entrepreneurs Fund1
GBS1
Hoppinger1

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