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Annual Houston conference to target topics on digitalization of decarbonization

Venture Houston returns this year — this time focused on the digitization of decarbonization. Photo courtesy of Venture Houston

An event that brings top venture capitalists to Houston returns for its third year — and this time the topic of conversation is the energy transition.

Venture Houston, taking place on September 7, is presented by HX Venture Fund, a fund of funds that deploys capital into non-Houston firms to encourage investment in local startups. This year's theme is "Spotlighting the path for decarbonization in a digital world," and Sandy Guitar, managing partner at HXVF, tells EnergyCapital that while that might sound like a narrow topic, attendees will see at the event how broad a theme it really is.

"We're calling it digitalization to decarbonization in order to help identify the fact that decarbonization is just a market that you sell into — the technologies are very broadly defined," Guitar says. "Underneath that, the decarbonization market happens to involve everything that is better, cheaper, and faster."

The event, which has its ticket registration open now, has a full agenda with several keynote addresses and panels featuring venture leaders, CEOs, startup founders, and more from Houston and beyond. There will also be networking breaks and other activations, including a breakfast presented by DivInc and Capital Connect on September 6. This event features curated collisions for a select VCs and founders.

The conference's first panel, "Seeding Sustainability: Unlocking the Power of Early Stage Investments," includes Josh Posamentier, co-founder and managing partner of Congruent Ventures, who will share the stage with the founder of one of his firm's portfolio companies, Tim Latimer of Fervo Energy, among others.

To Posamentier, one of the things he hopes attendees takes away is how timely decarbonization is — especially in Houston.

"If I had one ask, it would be that people, especially for this audience, double down and mobilize more toward alternative energy," he tells EnergyCapital. "Take all the learnings, all the skills that come from conventional energy and repurpose them. I think there's it's a bigger market — more is being spent on renewables now than on oil and gas development and, you've got got a good 50 years of insane growth ahead."

And, as Guitar adds, the energy transition is not something that only affects the companies building the technology or working within the energy industry.

"I do think it's important to see the decarbonization not as a hard tech event, but as everything that touches carbon, which is basically everything in our planet in just the coal previously," she says. "Everything we make and use touches the climate."

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A View From HETI

PitchBook attributes $634 million in fourth-quarter VC to Fervo. Photo via Getty Images

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”

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This story originally appeared on our sister site, InnovationMap.com.

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