Centrica Innovations

Corporate VC San Francisco, United States Est. 2017
Visit website ↗ LinkedIn
Last updated 2026-06-18
Portfolio
2
in our dataset
Rounds participated
2
Rounds led
0
Rounds' value
$19.6M
total disclosed, rounds participated
Stages
A Round, Seed

About

Centrica Innovations is the venture arm of Centrica, an energy services holding company for major energy supply companies in the UK, the US, and other countries. Centrica, which owns British Gas and US company Direct Energy, has acquired In 2015 Israeli company Panoramic Power for $60 million. Panoramic Power became Centrica's development center in Israel. Centrica Innovations invests in three different models: In the first model, it invests money in a company from the Series A stage onward, and if it becomes strategic for Centrica, it is likely to offer to acquire it. In the second model, it invests smaller amounts in a seed round for companies in early stages through the Centrica's Labs fund. In the third model, Centrica directly acquires a company of interest to it through its mergers and acquisitions arm, which is also looking for attractive deals through the company's Israeli office. Centrica Innovations is a 100 million fund aimed at investing in developing new energy technologies in 3 technology hubs: Israel, US, and London. The fund invests in the fields of Distributed Energy & Power, Connected Home, Artificial Intelligence and Robotics, Electric Vehicle, Big Data, and Analytics.

Portfolio · 2

EchoCare Technologies
Noninvasive Home Monitoring System for Seniors
1 round $1.6M committed Latest: 2019-01
Indegy
Industrial Cyber Security for OT/ICS Networks
1 round $18.0M committed Latest: 2018-08

Investment activity

2 portfolio exits on record.

Portfolio by sector

Automotive & Mobility Technologies1
Health Tech & Life Sciences1
Cyber Security1

Q&A

What is Centrica Innovations' investment thesis?
Centrica Innovations, the venture arm of Centrica, invests in developing new energy technologies. It focuses on Distributed Energy & Power, Connected Home, Artificial Intelligence and Robotics, Electric Vehicle, Big Data, and Analytics. The fund operates with a 100 million fund across three technology hubs: Israel, the US, and London.
What is Centrica Innovations' investment strategy?
Centrica Innovations employs three investment models: investing in companies from Series A onward with potential for acquisition, making smaller seed round investments through Centrica's Labs fund, and direct acquisitions through its M&A arm.
Which notable exits has Centrica Innovations had recently?
Centrica Innovations saw the acquisition of Driivz in February 2022 by Gilbarco Veeder-Root. Previously, Indegy was acquired in December 2019 for $78 million by Tenable.
What are some of Centrica Innovations' portfolio companies?
Centrica Innovations' portfolio includes Driivz, which provides electric vehicle charging and energy management solutions, and EchoCare Technologies, a noninvasive home monitoring system for seniors.
In which sectors has Centrica Innovations seen exits?
Centrica Innovations has had exits in the Automotive & Mobility Technologies sector with Driivz, and in Cyber Security with Indegy.
What is Centrica Innovations' geographic focus for investments?
Centrica Innovations focuses its investments across three technology hubs: Israel, the US, and London.
What is the typical investment stage for Centrica Innovations?
Centrica Innovations primarily invests in Seed and A Round stages, with a strategy that can extend to later stages if a company becomes strategic for Centrica.
Who is a key team member at Centrica Innovations?
Idan Mor serves as an Investment Director at Centrica Innovations.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)