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Engine No. 1 is an investment firm dedicated to building and investing in companies that drive the reindustrialization of the United States. The firm's strategy centers on identifying and supporting innovative businesses, particularly those engaged in decarbonization efforts and the relocalization of supply chains. It employs an active ownership model, leveraging strategic engagement to unlock long-term value within its portfolio companies and influence positive systemic change.
The firm was founded in December 2020 by Christopher James, who launched Engine No. 1 with substantial personal capital. James’s founding insight was the conviction that long-term shareholder value is inextricably linked to stakeholder capitalism and a proactive approach to environmental and social governance. His pedigree as an experienced investor informed the firm’s philosophy of challenging conventional financial approaches to foster sustainable growth.
Engine No. 1’s offerings cater to institutional investors seeking to align capital with both financial returns and meaningful societal impact. The firm’s long-term vision is to foster a robust domestic industrial base by strategically backing and actively guiding companies crucial to addressing pressing challenges like climate change and supply chain vulnerabilities. It aims to build a more resilient and equitable economy through its targeted investments.
Key people at Engine No. 1.
Engine No. 1 was founded in 2020 by Christopher James (Founder).
Engine No. 1 has 2 tracked investments across 2 companies. The latest tracked deal is $505.0M Debt / Series C in Crusoe Energy Systems in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 21, 2022 | Crusoe Energy Systems | $505.0M Debt / Series C | Benjamin Kortlang | Atreides Management, Bain Capital Ventures, CMT Digital, DRW Venture Capital, Exor Ventures, Felicis Ventures, FootPrint Coalition Ventures, Founders Fund, Inclusive Capital Partners, KCK Group, Lowercarbon Capital, MCJ Collective, Polychain Capital, Sparkfund, SVB Capital, TAO Capital, Upper90, Valor Equity Partners, Winklevoss Capital, Zigg Capital |
| Apr 1, 2022 | Natural Fiber Welding | $85.0M Series B | Gregg Smith, Gregg Smith | Evolution VC Partners, Keith Masback, Advantage Capital, AiiM Partners, BMW I Ventures, Central Illinois Angels, Collaborative Fund, Gaingels, Lewis & Clark Agrifood, Raga Partners, Ralph Lauren Corporation, Scrum Ventures, John Hartman, Tidal Impact |
Key people at Engine No. 1.