Element 8 announced today that its members invested more than $5.7 million in 14 companies during 2014. That amount of funding and the number of its members participating is a new record for Element 8, a consortium of accredited angel investors in the Pacific Northwest interested in supporting startups focused on “clean technology.”
This past year, the companies that received funding from Element 8’s 50 investors included Sparkfund, an energy efficiency funding company; Adaptive Symbiotic Technologies, a company that has developed microbial seed and plant treatments; and Perpetua Power, a firm that builds wireless renewable energy harvesting solutions.
“Element 8 seeks to support the development of companies and technologies that will accelerate the transition to a cleaner future and more sustainable world,” Element 8 Co-Chair Bill Lemon said in a press release. “To do that, we strive to make the entire investment process collaborative, supportive and fun for our members. The record number of members making investments in the last year is an affirmation that we’re achieving our mission.”
Overall, Element 8’s members have invested more than $19.6 million in more than 50 clean tech firms since the group was started as the Northwest Energy Angels in 2006. In 2013, Element 8 members invested $3.8 million in 13 companies.