# Azolla Ventures

> Azolla Ventures is a Cambridge, Massachusetts-based, impact-first venture firm that invests at the earliest stages of climate technology, especially capital-intensive hardware and science that conventional investors may consider too early or risky. Its blended $239 million Fund I combines catalytic and market-oriented capital, while nonprofit partner Prime Coalition independently gates investments for climate impact and additionality.

- **Founded:** 2021
- **Headquarters:** Cambridge, United States
- **Founders:** Amy Duffuor (Co-founder and General Partner), Matthew Nordan (Co-founder and General Partner), Johanna Wolfson (Co-founder and General Partner)
- **Team size:** Approximately 12 people are listed on the firm's public team page; third-party contact data supplied for this profile reports 21 employees.
- **Products:** Azolla Ventures Fund I, Early-stage climate investing, Portfolio company support, Prime Impact Fund portfolio management
- **Notable:** Closed an oversubscribed $239 million blended Fund I in 2023., Built a public Azolla Fund I portfolio of 17 companies spanning industrial heat, critical minerals, carbon management, agriculture, offshore wind, wildfire response and geothermal drilling by August 2026., Prime Coalition and Azolla together manage more than 30 publicly listed portfolio companies across Azolla Fund I and Prime Impact Fund.

## Products & services

- **Azolla Ventures Fund I** — A $239 million blended early-stage climate fund combining catalytic and market-oriented capital across two coordinated sleeves.
- **Early-stage climate investing** — Pre-seed, seed and selective Series A investment in overlooked climate technologies, frequently involving hardware, materials and deep science.
- **Portfolio company support** — Hands-on help with business building, hiring, customer development, community engagement and subsequent financing.
- **Prime Impact Fund portfolio management** — The Azolla team also manages the portfolio of its $50 million predecessor vehicle, Prime Impact Fund.

## Achievements

- Closed an oversubscribed $239 million blended Fund I in 2023.
- Built a public Azolla Fund I portfolio of 17 companies spanning industrial heat, critical minerals, carbon management, agriculture, offshore wind, wildfire response and geothermal drilling by August 2026.
- Prime Coalition and Azolla together manage more than 30 publicly listed portfolio companies across Azolla Fund I and Prime Impact Fund.
- BlueMark independently reviewed the impact-management practices of Azolla Fund I and Prime Impact Fund in 2025.
- Amy Duffuor received the U.S. Department of Energy's 2024 C3E Award in Finance & Investment.
- Amy Duffuor and Johanna Wolfson were named to The Hedge Fund Journal's 2025 Private Markets: 50 Women Leaders list.

## Latest updates

- **2026-07** — Prime Impact Fund portfolio company Clean Crop Technologies joined Chipotle's Cultivate Next portfolio.
- **2026-06** — Azolla portfolio company EQON announced a $6 million seed round led by Azolla and co-led by Wilstar Innovate.
- **2026-06** — SiTration reported a prototype trial with BHP Invent and Copper South Australia for recovering high-purity metals from mining waste streams.
- **2026-04** — Prime Impact Fund portfolio company Via Separations raised $36 million to scale industrial membrane technology.
- **2026-03** — Scalvy raised a $13.9 million Series A for modular energy-management systems.
- **2026-03** — SEC filings recorded Azolla Ventures Full-Cycle Fund II, LP and Azolla Ventures Catalytic Fund II, LP; the filings do not by themselves establish a final close.

## Links

- Website: https://azollaventures.com
- LinkedIn: https://www.linkedin.com/company/azolla-ventures
- Twitter/X: https://twitter.com/azollaventures

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Profile page: https://yespress.io/azolla-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-08-16