Prime Impact Fund | Activity

News

Ally Harada, Partner and COO at Azolla Ventures (which manages Prime Impact Fund), named in Venture Capital Journal's 2026 Rising Stars list (H-L). Recognized for institutionalizing Azolla's regulatory compliance and finance reporting processes for Prime Impact Fund and Fund I portfolios.

Ally Harada named Venture Capital's 2026 Rising Star

Prime Impact Fund

venturecapitaljournal.com

Added recently

Milestone

Noon Energy, a Prime Impact Fund portfolio company, announced successful demonstration of its scaled-up ultra-long-duration energy storage system providing 100+ hours of energy storage capacity. The reversible solid oxide fuel cell battery is the first fully containerized, modular ultra-LDES system.

Noon Energy

Noon Energy Prime Impact Fund

noon.energy

Added recently

Essay

Azolla Ventures, which manages the Prime Impact Fund portfolio, announced it is widening its investment strategy to focus on climate resiliency in addition to mitigation. Prime Impact Fund closed on $50 million in 2020. In 2023, the team raised $239 million for Azolla Ventures.

Azolla Ventures widening investment strategy to focus on resiliency

Prime Impact Fund

latitudemedia.com

Added recently

Milestone

Portfolio company Gradient installed 277 heat pumps at Carroll Tower in Providence as part of a $1.25M public-private retrofit project.

Gradient

Gradient Prime Impact Fund

azollaventures.comAPR 23, 2026

APR 23, 2026

Milestone

Portfolio company Noon Energy announced a Meta agreement reserving up to 1 GW / 100 GWh of ultra-long-duration storage capacity.

Noon Energy

Noon Energy Prime Impact Fund

azollaventures.comAPR 21, 2026

APR 21, 2026

Investment

Portfolio company Via Separations raised $36M for industrial membrane systems that improve chemicals production efficiency.

Via Separations

Via Separations Prime Impact Fund

azollaventures.comAPR 1, 2026

APR 1, 2026

Investment

Portfolio company Avalanche Energy raised $29M to develop compact fusion reactors for remote power applications.

Avalanche Energy

Avalanche Energy Prime Impact Fund

azollaventures.comFEB 3, 2026

FEB 3, 2026

Investment

Portfolio company Zanskar raised $115M to develop AI-guided geothermal fields including Big Blind in Nevada.

Zanskar Geothermal

Zanskar Geothermal Prime Impact Fund

azollaventures.comJAN 27, 2026

JAN 27, 2026

Milestone

Announced successful 100+ hour battery demonstration for long-duration energy storage applications.

Noon Energy

Noon Energy Prime Impact Fund

starnewsonline.comJAN 21, 2026

JAN 21, 2026

Milestone

Completed pilot pour of ultra-low-carbon cement at data center campus in collaboration with STACK Infrastructure.

Sublime Systems

Sublime Systems Prime Impact Fund

primecoalition.orgOCT 2025

OCT 2025

Milestone

Announced second deep geothermal discovery at Pumpernickel site in Northern Nevada using AI-powered exploration.

Zanskar Geothermal

Zanskar Geothermal Prime Impact Fund

primecoalition.orgOCT 2025

OCT 2025

Investment

Closed $13.5M Series B funding round to expand production capabilities for electrostatic drive motors.

C-Motive Technologies

C-Motive Technologies Prime Impact Fund

primecoalition.orgOCT 2025

OCT 2025

Milestone

Awarded $10M from Washington State Department of Commerce's Green Jobs Grant Program for FusionWERX commercial-scale testing facility for advanced fusion technologies.

Avalanche Energy

Avalanche Energy Prime Impact Fund

primecoalition.orgSEP 2025

SEP 2025

Prime Impact Fund Activity

Ally Harada, Partner and COO at Azolla Ventures (which manages Prime Impact Fund), named in Venture Capital Journal's 2026 Rising Stars list (H-L). Recognized for institutionalizing Azolla's regulatory compliance and finance reporting processes for Prime Impact Fund and Fund I portfolios.

Azolla Ventures, which manages the Prime Impact Fund portfolio, announced it is widening its investment strategy to focus on climate resiliency in addition to mitigation. Prime Impact Fund closed on $50 million in 2020. In 2023, the team raised $239 million for Azolla Ventures.

Portfolio company Gradient installed 277 heat pumps at Carroll Tower in Providence as part of a $1.25M public-private retrofit project.

Portfolio company Noon Energy announced a Meta agreement reserving up to 1 GW / 100 GWh of ultra-long-duration storage capacity.

Portfolio company Via Separations raised $36M for industrial membrane systems that improve chemicals production efficiency.

Portfolio company Avalanche Energy raised $29M to develop compact fusion reactors for remote power applications.

Portfolio company Zanskar raised $115M to develop AI-guided geothermal fields including Big Blind in Nevada.

Announced successful 100+ hour battery demonstration for long-duration energy storage applications.

Completed pilot pour of ultra-low-carbon cement at data center campus in collaboration with STACK Infrastructure.

Announced second deep geothermal discovery at Pumpernickel site in Northern Nevada using AI-powered exploration.

Closed $13.5M Series B funding round to expand production capabilities for electrostatic drive motors.

Awarded $10M from Washington State Department of Commerce's Green Jobs Grant Program for FusionWERX commercial-scale testing facility for advanced fusion technologies.