Azimuth Capital Management
VC Fund
Calgary, Canada
Azimuth Capital Management is a venture capital and private equity firm specializing in seed/startup, mid venture, early stage, middle market, and emerging companies. It makes direct investments and co-investments. Azimuth Capital Management seeks to invest in the energy sector resource and infrastructure development companies with a focuson oil and gas exploration and production, oil sands, non-conventional resource plays, energy infrastructure, services and energy technology. It prefers to invest in companies based in Canada and also invests in the United States and international energy sector opportunities. Azimuth Capital Management makes investments between $7.58 million and $36.12 million. It makes investments for a period of more than ten years. Pentti O. Karkkainen, and D. Jeffrey van Steenbergen founded KERN Partners in 2000 that later became Azimuth Capital Management. It has its headquarters in Calgary in Canada with additional office in San Francisco Bay Area and Operating Partners in Houston and Denver.
- Total investments:
- 18
- Last investment:
- Lead investor:
- 28%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Azimuth Capital Management invests in
Stages Azimuth Capital Management invests in
Countries Azimuth Capital Management invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 8 contacts → | |||
Round size
- Private Equity
- $39M–$251M
Investment Focus
Industry
- Energy 9 (50%)
- Renewable Energy 4 (22%)
- Oil and Gas 3 (17%)
- Solar 2 (11%)
- CleanTech 2 (11%)
Stage
- Private Equity 8 (44%)
- Venture - Series Unknown 3 (17%)
- Seed 2 (11%)
- Pre-Seed 1 (6%)
- Series A 1 (6%)
Country
- Canada 9 (50%)
- United States 4 (22%)
- Italy 1 (6%)
- United Kingdom 1 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Jeff van Steenbergen
General Partner
|
General Partner | Total investments: 1 | Find email | |
Cherry Ma
Senior Finance Analyst
|
Senior Finance Analyst | Total investments: 0 | Find email | |
Jason Montemurro
Partner
|
Partner | Total investments: 0 | Find email | |
Jim Nieuwenburg
General Partner
|
General Partner | Total investments: 0 | Find email | |
Kim Lynch Proctor
CFO & General Counsel
|
CFO & General Counsel | Total investments: 0 | Find email | |
| See all 8 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Monolith
|
Monolith is the world’s leading clean hydrogen and clean materials company. The company’s proprietary commercial-scale methane pyroloysis process uses 100% renewable power to superheat-- not burn-- conventional and renewable natural gas to create clean hydrogen, ammonia, and carbon black in an environmentally advantaged manner. Founded in 2012 byRob Hanson and Pete Johnson, Monolith was formed on the belief that you could build both a profitable company and create a cleaner world using technology. | Private Equity / Sep 26, 2024 | |
|
H Cycle
|
H Cycle deploys proven waste gasification technology to produce low-cost, low-carbon hydrogen for industrial and retail customers. | Series A / Apr 24, 2023 | |
|
Monolith
|
Monolith is the world’s leading clean hydrogen and clean materials company. The company’s proprietary commercial-scale methane pyroloysis process uses 100% renewable power to superheat-- not burn-- conventional and renewable natural gas to create clean hydrogen, ammonia, and carbon black in an environmentally advantaged manner. Founded in 2012 byRob Hanson and Pete Johnson, Monolith was formed on the belief that you could build both a profitable company and create a cleaner world using technology. | $300M / Series D / Jul 14, 2022 | |
Enoflex
|
Enoflex is passionate about connecting the low carbon world of tomorrow. | Seed / Jan 01, 2022 | |
PunchLab
|
PunchLab is a Mobile App that will turn your punching bag into a device able to detect, measure, and react to your strikes. No additional device other than your smartphone is needed. It uses the existing technology in your phone to give you real-time feedback on your bag workout and offers training routines pre-programmed by world-level athletes. | $994.4K / Seed / Jul 04, 2021 | |
Whitecap Resources
|
Whitecap is an oil-weighted growth company that pays a monthly cash dividend to its shareholders while being recognized for storing more CO2. The company also focused on sustainable long-term growth and shareholder return. Their premium asset base allows them to pair sustainable long-term growth with a disciplined risk management strategy.Whitecap Resources was established in 2009 and is headquartered in Calgary, Alberta. | Private Equity / Jan 01, 2021 | |
Recover Energy Services
|
Recover Energy Services is an eco-tech firm that offers cost-effective and eco-friendly disposal method for oil-based drill cuttings. | Venture - Series Unknown / Jun 17, 2020 | |
|
Monolith
|
Monolith is the world’s leading clean hydrogen and clean materials company. The company’s proprietary commercial-scale methane pyroloysis process uses 100% renewable power to superheat-- not burn-- conventional and renewable natural gas to create clean hydrogen, ammonia, and carbon black in an environmentally advantaged manner. Founded in 2012 byRob Hanson and Pete Johnson, Monolith was formed on the belief that you could build both a profitable company and create a cleaner world using technology. | Venture - Series Unknown / Jan 17, 2018 | |
TimberRock Energy
|
TimberRock Energy offers production and exploration of oil and gas. | $39M / Private Equity / Mar 06, 2017 | |
TimberRock Energy Solutions
|
TimberRock is a technology-enabled energy services company that delivers energy generation and efficiency solutions to commercial and industrial customers. Its proprietary Distributed Energy Management and Aggregation Platform (DE-MAP) allows distributed energy resources to be integrated and managed to deliver value to the host site, distributionutility and grid operator. The result is new distributed generation that delivers clean, renewable energy while improving the efficiency and reliability of the electric grid. | $29.2M / Venture - Series Unknown / Mar 01, 2017 | |
| See all 18 investments → | |||
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FAQ
What does Azimuth Capital Management invest in?
Azimuth Capital Management invests primarily in Energy, Renewable Energy and Oil and Gas startups, most often at Private Equity and Venture - Series Unknown stage. Most of the 18 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Azimuth Capital Management's check size?
Azimuth Capital Management typically joins rounds of $39M–$251M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Azimuth Capital Management participates in.
How do I contact Azimuth Capital Management?
Public channels for Azimuth Capital Management include LinkedIn 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 Azimuth Capital Management?
The team at Azimuth Capital Management includes Jeff van Steenbergen (General Partner), Cherry Ma (Senior Finance Analyst) and Jason Montemurro (Partner), among 8 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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