CapeZero, a Brooklyn, NY-based software platform designed to streamline financial workflows for clean energy developers, has raised $2.6 million in seed funding. 

Investors

The round was led by Powerhouse Ventures, with participation from Climactic, Avesta Fund, Virta Ventures, and Stepchange. 

Powerhouse Ventures is a venture firm focused on supporting seed-stage startups that are developing innovative software solutions for climate-related challenges. Their work specifically targets industries like clean energy, mobility, and climate. 

CapeZero Use of Funds 

This investment will accelerate product development and market expansion as the renewable energy sector works to meet rising demand. 

About CapeZero 

Founded in 2023 by Manish Hebbar and Sumit Chachra, CapeZero is a software platform that empowers clean energy developers to navigate tax equity and tax credit financing efficiently. The platform provides tools for modeling and structuring tax credit investments, optimizing capital stacks, and enabling economic analysis for renewable energy projects. 

Funding Details 

Company: CapeZero, Inc.

Raised: $2.6M 

Round: Seed Round 

Funding Date: January 2025 

Lead Investor: Powerhouse Ventures 

Additional Investors: Climactic, Avesta Fund, Virta Ventures, Stepchange 

Company Website: https://www.capezero.com/  

Software Category: Financial Workflow Solutions 

Source: https://www.businesswire.com/news/home/20250123774487/