Australasian venture capital firm Pacific Channel announced Tuesday the acquisition of ENGIE Factory Asia-Pacific Pte Ltd, along with the portfolio of securities it holds in seven early-stage climate-tech ventures focused on solar solutions, cooling, climate markets, sustainable housing, bioenergy, and data center efficiency.

In a statement, Pacific Channel said its Singapore platform will operate as Pacific Channel Climate Ventures, taking over the investment management of the portfolio and establishing a strategic base for the firm in Singapore and Southeast Asia.

Pacific Channel Managing Partner Brent Ogilvie said the acquisition was an important milestone for the firm and an exciting opportunity for the portfolio companies.

“This marks a significant expansion of Pacific Channel’s climate-tech investment platform across the Asia-Pacific region, extending our presence and active early-stage investment model beyond Australia and New Zealand into Southeast Asia,” he said.

It is noted that Pacific Channel has more than 20 years’ experience investing in deep-tech ventures and has achieved 11 successful exits across its portfolio.

“The seven early-stage climate-tech ventures have strong foundations, and we are pleased to be able to apply our active investment model to provide the founders and management teams with the specialist investment support, governance experience and access to our networks needed to help them move into their next phase of growth.

“Through the acquisition, Pacific Channel will support the ventures through their next phase of growth and commercial development, while ENGIE Innovation will continue to provide corporate support to the ventures where relevant, through its wider innovation ecosystem,” Ogilvie added.

ENGIE is a major global energy transition group with substantial international scale and reach.

As part of the acquisition, Pacific Channel will retain Singapore-based continuing team members from ENGIE Factory, including Tim van Vliet, who joins Pacific Channel as Principal and Southeast Asia Region Manager.

His appointment will help ensure continuity for the ventures, ongoing local capability and continued support for founders as the portfolio enters its next phase.

“This is an exciting next step for the ventures and for the wider opportunity ahead,

“Pacific Channel has a strong track record as an active early-stage investor, and this creates a strong platform to help companies from Singapore and Southeast Asia scale into broader regional and global markets,” said van Vliet.

For Pacific Channel, the move into Singapore creates a stronger Asia-Pacific platform across investors, co-investors, portfolio companies and future opportunities. Together, Australia, New Zealand, and Singapore form a connected base for the firm’s climate-tech activity, while also supporting its broader investment focus across health and agri-food, said the statement.

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