# Generate Capital

> Generate Capital is a VC fund backing Energy and Renewable Energy. See 28 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 28
- Last investment: Sep 2025
- Lead investor: 71%
- Fund size: $1B
- Last fund: Feb 2020
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/generatecapital/
- X (Twitter): https://twitter.com/GenerateCapital
- Website: https://generatecapital.com/
- Facebook: https://www.facebook.com/generatecapital/

Generate Capital is a finance company that builds, owns, and operates sustainable infrastructure to deliver affordable and reliable resource solutions. The company operates and finances assets in energy, mobility, and water resources.

## Contacts

5 contacts available for Generate Capital. Shizune tracks 10 team members at Generate Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/generate-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 10 | 36% |
| Renewable Energy | 7 | 25% |
| Solar | 6 | 21% |
| Manufacturing | 4 | 14% |
| Fuel | 3 | 11% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 7 | 25% |
| Private Equity | 7 | 25% |
| Post-IPO Debt | 4 | 14% |
| Series C | 2 | 7% |
| Series A | 1 | 4% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 16 | 57% |
| Canada | 2 | 7% |
| Brazil | 1 | 4% |
| United Kingdom | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrew Marino | Senior Managing Director & Head of Strategy | 4 | — |
| Brian Lehman | Chief Financial Officer | 0 | — |
| Matan Friedman | Co Founder | 0 | — |
| William Bubenicek | Generate | 0 | — |
| William Sonneborn | President | 10 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Soluna | Soluna specializes in developing green data centers for batchable computing, powered by wasted renewable energy. | $12.6M | Post-IPO Debt | Sep 16, 2025 |  |
| Enfinity Global | Founded in 2005, Enfinity has rapidly grown into one of the world’s largest and most experienced solar PV development companies; they are active in 20 countries across the globe and have been selected to build some of the largest projects in North America, Europe and Asia Pacific. There breadth and depth of experience ensures that they canseamlessly finance, develop and deliver even the most complex renewable energy projects for there customers.In the US, Enfinity provides turnkey solar solutions for commercial, municipal and utility customers. They do this by crafting best-in-class approaches for the delivery of clean energy systems. | $245M | Debt Financing | Jun 24, 2025 |  |
| Ubiquity | Ubiquity is a business that invests in, develops, and administers digital communication infrastructure. It provides customers with options and encourages competition, both of which are critical components of empowering communities for the future. Ubiquity invests in and operates a portfolio of companies involved in digital infrastructure, such ascommunications networks and smart city technologies. biquity's goal is to invest in, develop, and manage the critical communications infrastructure necessary to create truly smart cities where resource efficiency, sustainability, and quality of life are prioritized. The company seeks to facilitate the adoption of advanced technologies in urban areas. | $350M | Debt Financing | May 13, 2025 |  |
| Pacific Steel Group | Pacific Steel Group is a manufacturing company that offers steel fabrication services for residential and industrial construction sectors. | $200M | Debt Financing | Jan 16, 2025 |  |
| GrowUp Farms | We’re turning food production on its head to make way better food, that doesn’t cost the earth. | $49.4M | Private Equity | Jul 17, 2024 |  |
| Pine Gate Renewables | Pine Gate Renewables is a developer and owner-operator of utility-scale solar and energy storage projects. With one of the largest operational fleets and development pipelines, the company provides renewable energy and storage solutions for utility and C&I partners across North America. It operates utility-scale solar farms and also offersrelated services including land origination, project development management, community outreach management, financing, and asset management. | $650M | Private Equity | Apr 29, 2024 |  |
| Nexamp | Nexamp is leading the transformation to the new energy economy with proven solutions for the deployment and operation of solar energy assets. Our comprehensive capabilities span the entire solar project lifecycle – from project development, design and construction, through financing, operations and maintenance. Our integrated, best-in classsolutions make solar energy simple and profitable for our clients and partners, and make an impact every day. With a rapidly expanding network of property owners, businesses, communities and residents benefitting from our growing portfolio of solar assets across the US, Nexamp is laying the groundwork for a cleaner, more secure energy future. | $520M | Private Equity | Apr 10, 2024 |  |
| Nexamp | Nexamp is leading the transformation to the new energy economy with proven solutions for the deployment and operation of solar energy assets. Our comprehensive capabilities span the entire solar project lifecycle – from project development, design and construction, through financing, operations and maintenance. Our integrated, best-in classsolutions make solar energy simple and profitable for our clients and partners, and make an impact every day. With a rapidly expanding network of property owners, businesses, communities and residents benefitting from our growing portfolio of solar assets across the US, Nexamp is laying the groundwork for a cleaner, more secure energy future. | $520M | Private Equity | Apr 10, 2024 |  |
| Cultivate Power | Cultivate Power is a developer of distributed solar and storage projects dedicated to improving communities, the grid, and climate stability. | $10M | Series A | Oct 02, 2023 |  |
| Ambient Fuels | Ambient Fuels is a green energy developer that delivers green hydrogen solutions. | $250M | Private Equity | May 17, 2023 |  |

10 of 28 investments shown.

## Co-investors
- [Manulife Investment Management](https://shizune.co/investors/profile/manulife-investment-management) — VC Fund, 4 deals together
- [AB CarVal Investors](https://shizune.co/investors/profile/carval-investors) — VC Fund, 2 deals together
- Diamond Generating Corp — VC Fund, 2 deals together
- [Mercuria](https://shizune.co/investors/profile/mercuria-energy-group) — VC Fund, 2 deals together
- 1248 Holdings — VC Fund, 1 deal together
- [Aliment Capital](https://shizune.co/investors/profile/aliment-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Generate Capital invest in?

Generate Capital invests primarily in Energy, Renewable Energy and Solar startups, most often at Debt Financing and Private Equity stage. Most of the 28 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Generate Capital?

Public channels for Generate Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Generate Capital?

The team at Generate Capital includes Andrew Marino (Senior Managing Director & Head of Strategy), Brian Lehman (Chief Financial Officer) and Matan Friedman (Co Founder), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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