G2 Venture Partners

Identity

Fund name

G2 Venture Partners

Full name

G2VP, LLC. Climate and industrial decarbonization venture and growth firm, spun out of the Kleiner Perkins Green Growth Fund.

Type

Venture plus growth equity. Series B through growth.

Track

Venture growth. Round 3 target.

Round

Round 3

Fund size and AUM

About 1 billion dollars under management. Fund I 350 million, Fund II 500 million, Fund III in market targeting 750 million (about 254 million raised as of December 2025, not yet closed).

HQ

Portola Valley, California

Offices

Team across North America and Europe.

Money

Typical ticket

25 to 75 million dollars, Series B to D. Can go larger by co leading mega rounds.

Stage focus

Series B to D.

Lead or follow

Leads or co leads, takes board seats, reserves for follow ons.

Ownership target

Meaningful minority as lead, roughly 10 to 20 percent, portfolio of about 15 to 20 per fund.

Reserves

Reserves for follow ons.

Structure appetite what they actually write

Thesis fit

Sectors

Industrial decarbonization, power infrastructure and AI compute.

Pattern

Digitize and decarbonize traditional industries, at Series B and up, lead or co lead.

Track record and key investments

Owns the two closest analogues to MicroLink. Led the Crusoe Energy 350 million dollar Series C (energy first AI data centers on stranded energy, took a board seat). Invested in VAST Data Series F at a 30 billion dollar valuation (Tauscher championed). Led the 1KOMMA5 Series B (home electrification and heat pumps). Also Arcadia, AiDash, Nikola Labs, Enphase and Cast AI.

Exits

Enphase, Opower and Silver Spring Networks (positive legacy exits). Proterra went public then filed Chapter 11 (a notable loss). Fund returns not public.

Transaction types

Equity and growth equity, 25 to 75 million dollars Series B to D, leads or co leads. No debt or project finance itself.

Stakeholders who sits behind the fund

Process

How they like to work

Equity and growth equity only. No debt or project finance, but fluent in investing equity alongside project finance and credit facilities (did exactly this on Crusoe).

Diligence

Rigorous, data led, deep dives, methodical. Builds conviction by seeing the technology work in the field.

Fit for MicroLink

Strong long term fit at Round 3, sits at their exact intersection of industrial decarbonization, power infrastructure and AI compute. To match a 25 to 75 million dollar Series B to D check MicroLink needs tens of MW live and revenue generating, contracted recurring revenue from both compute and heat offtake ideally 10 million dollar plus run rate, positive project level unit economics, and a repeatable host pipeline. Biggest objection is the Crusoe conflict since Crusoe is now a competitor, so prepare a crisp answer on why MicroLink is complementary. Not a now target.

Contractual posture

Board seat when leading. Expect standard growth equity terms, 1x non participating preference, pro rata, information rights and protective provisions. Specifics only surface in a term sheet.

Relationship

Intro source

Jasper Platz and Jake Tauscher replied, too early for them, happy to stay in touch.

Current stage

Target

Next action

Put Tauscher and Platz on a quarterly investor style update list now, metrics forward, promises versus delivery. Re engage for a working session once Ohio project finance closes or first sites energize, and offer a site visit.

Note

Round 3 growth target. Too early now, strong once tens of MW are live and revenue generating.

Interaction log