# Kerogen Capital

> Kerogen Capital is a VC fund in Central backing Energy and Oil and Gas. See 11 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Central, Hong Kong
- Total investments: 11
- Last investment: Mar 2023
- Lead investor: 45%
- Fund size: $830M
- Last fund: Aug 2016
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/kerogen-capital/
- Website: http://www.kerogencap.com/

Kerogen Capital is an independent private equity fund manager specialising in the international oil and gas sector.

## Contacts

5 contacts available for Kerogen Capital. Shizune tracks 1 team members at Kerogen Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/kerogen-capital-2?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $35M–$43M |
| Private Equity | $18M–$108M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 6 | 55% |
| Oil and Gas | 5 | 45% |
| Renewable Energy | 2 | 18% |
| Energy Efficiency | 2 | 18% |
| Environmental Engineering | 2 | 18% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 4 | 36% |
| Series B | 2 | 18% |
| Funding Round | 2 | 18% |
| Seed | 1 | 9% |
| Series A | 1 | 9% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 27% |
| United Kingdom | 3 | 27% |
| France | 1 | 9% |
| Greece | 1 | 9% |
| Norway | 1 | 9% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jason Cheng | Co-Founder and Managing Partner | 4 | https://shizune.co/investors/profile/jason-cheng-3 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Geothermal Engineering | Geothermal Engineering Limited is a world-leading company working on the development of deep geothermal heat and power projects. | $17.8M | Private Equity | Mar 08, 2023 |  |
| Enervee | Enervee is a cleantech company offering a scalable B2B platform that empowers utilities and governments to influence consumer energy use at the point of purchase. By combining behavioral science, real-time product data, and embedded Eco Financing, Enervee drives measurable energy savings, customer engagement, and decarbonization. The companypartners with major utilities across the U.S., delivering white-labeled marketplaces and integrated tools that help meet regulatory and ESG goals, while generating revenue through SaaS licensing, implementation services, and transaction-based fees. | $35M | Series B | Apr 22, 2022 |  |
| EcoCeres | EcoCeres is an innovative biomass utilization company with strong R&D capability and excellent ESG performance. EcoCeres focuses on the utilization of bio-grease and agricultural waste. EcoCeres creates decarbonization solutions to help the world achieve carbon neutrality. | $108M | Private Equity | Feb 24, 2022 |  |
| EcoCeres | EcoCeres is an innovative biomass utilization company with strong R&D capability and excellent ESG performance. EcoCeres focuses on the utilization of bio-grease and agricultural waste. EcoCeres creates decarbonization solutions to help the world achieve carbon neutrality. | $108M | Series A | Feb 24, 2022 |  |
| AI Driller | Integrated solutions for remote operations and autonomous control. | $1.5M | Seed | Aug 22, 2019 |  |
| Kelvin | Kelvin uses A.I. to simplify the management of complex systems. | $43M | Series B | Dec 01, 2018 |  |
| Ideol Offshore | Ideol is a global and pure player in floating foundations for offshore wind and has been engineering and accompanying floating offshore wind projects from conception to installation since 2010. Recipient of numerous innovation and entrepreneurship awards and recognized as one of the most promising cleantech companies, Ideol’s fully integrated teamof over 60 experts and engineers has patented numerous innovations of which its globally acclaimed Damping Pool ®. A prestigious panel of international private and public investors have been supporting the company’s growth since its creation. | $16.5M |  | Apr 26, 2018 |  |
| Energean Oil & Gas | Energean is an independent E&P company focused on the Eastern Mediterranean region where it already holds seven E&P licences, encompassing Greece, the Adriatic, offshore Israel and onshore North Africa. | $50M | Private Equity | Feb 15, 2017 |  |
| Pandion Energy | Pandion Energy is a private Norwegian E&P company, backed by the Hong Kong and London based private equity fund manager Kerogen Capital. Pandion Energy focuses on exploration, development and production of oil and gas on the Norwegian Continental Shelf.Formed in November 2016, the company is based on industry professionals, assets and theoperational platform of Tullow Oil Norway AS, previously Spring Energy Norway AS.*Pandion Energy aims to participate in the development of the Cara oil and gas discovery located in the North Sea. In parallel, Pandion Energy will actively pursue attractive exploration and appraisal opportunities through licensing rounds and farm-ins. | $100M | Private Equity | Jan 31, 2017 |  |
| Hurricane Energy | Hurricane Energy is a UK-based oil and gas company with a specialist focus on hydrocarbon resources in naturally fractured basement reservoirs. Hurricane Energy’s acreage is located on the UK Continental Shelf where the company has made two significant discoveries. | $96.9M | Post-IPO Equity | Oct 24, 2016 |  |

10 of 11 investments shown.

## Co-investors
- [Bain Capital Private Equity](https://shizune.co/investors/profile/bain-capital-private-equity) — VC Fund, 2 deals together
- [Amundi Private Equity Funds](https://shizune.co/investors/profile/amundi-private-equity-funds) — VC Fund, 1 deal together
- [FS Investors](https://shizune.co/investors/profile/fs-investors) — VC Fund, 1 deal together
- [JP Morgan](https://shizune.co/investors/profile/jp-morgan-chase) — VC Fund, 1 deal together
- [Climate Investment](https://shizune.co/investors/profile/ogci-climate-investments) — VC Fund, 1 deal together
- [Paca Investissement](https://shizune.co/investors/profile/paca-investissement) — VC Fund, 1 deal together

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## FAQ

### What does Kerogen Capital invest in?

Kerogen Capital invests primarily in Energy, Oil and Gas and Renewable Energy startups, most often at Private Equity and Series B stage. Most of the 11 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Kerogen Capital's check size?

Kerogen Capital typically joins rounds of $35M–$43M at Series B and $18M–$108M 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 Kerogen Capital participates in.

### How do I contact Kerogen Capital?

Public channels for Kerogen Capital 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 Kerogen Capital?

The team at Kerogen Capital includes Jason Cheng (Co-Founder and Managing Partner). 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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