# Avista Development

> Avista Development is a VC fund in Spokane backing Solar, Biopharma and Power Grid. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Spokane, United States
- Total investments: 4
- Last investment: Dec 2024
- Lead investor: 0%
- Last updated: Aug 2026

Avista Development is a VC fund in Spokane focused on Solar and Biopharma. Avista Development

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 1 | 25% |
| Biopharma | 1 | 25% |
| Power Grid | 1 | 25% |
| Life Science | 1 | 25% |
| Biotechnology | 1 | 25% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 50% |
| Series C | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ConnectDER | ConnectDER develops small elegant solutions for big complex problems in the power and water sectors. | $35M | Series D | Dec 03, 2024 |  |
| ConnectDER | ConnectDER develops small elegant solutions for big complex problems in the power and water sectors. | $27M | Series C | May 23, 2023 |  |
| Lumen Bioscience | Lumen Bio is a clinical-stage biotechnology company developing topically and mucosally delivered biologic drugs to treat and prevent highly prevalent diseases. | $16M | Series B | Sep 01, 2020 |  |
| ConnectDER | ConnectDER develops small elegant solutions for big complex problems in the power and water sectors. | $7.3M | Series B | Jan 22, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [Clean Energy Ventures](https://shizune.co/investors/profile/clean-energy-ventures-cev) — VC Fund, 3 deals together
- [Energy Innovation Capital](https://shizune.co/investors/profile/energy-innovation-capital) — VC Fund, 2 deals together
- [Evergy Ventures](https://shizune.co/investors/profile/evergy-ventures) — VC Fund, 2 deals together
- [LG Technology Ventures](https://shizune.co/investors/profile/lg-technology-ventures) — VC Fund, 2 deals together
- Skyview Ventures — VC Fund, 2 deals together
- [Planetary Technologies](https://shizune.co/investors/profile/bioeconomy-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Avista Development invest in?

Avista Development invests primarily in Solar, Biopharma and Power Grid startups, most often at Series B and Series C stage. Most of the 4 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Avista Development last invest?

The most recent investment recorded for Avista Development closed in Dec 2024. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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