# Evergy Ventures

Evergy Ventures is a Venture Capital based in Kansas City, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Kansas City, United States
- **Region:** North America
- **Address:** 1200 Main St Suite 2000 Kansas City, MO 64105, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** evergyventures.com
- **LinkedIn:** https://www.linkedin.com/company/evergy-ventures

## Regulatory record

- **Reports private funds:** No

## About

Evergy Ventures is the non-regulated investment affiliate of Evergy, Inc., an all-electric utility serving more than 1.6 million customers in Kansas and Missouri. It invests in innovative companies that help create cleaner, safer, more reliable energy solutions and offers investment capital and strategic support to businesses within the energy ecosystem. Through a growth-driven investment strategy, it partners with early-stage and revenue-generating companies, with core focus areas including energy storage, grid modernization, digital utility, connected mobility, and utility-focused AI.

## Sectors

- Energy Transition & Renewables
- Cybersecurity
- AI/ML
- Mobility & Transportation
- Industrial Tech

## People

- Dennis Odell — Vice President and Head of Evergy Ventures
- Brock Smith — Managing Director
- Drew Robinson — Principal

## Questions

### What is Evergy Ventures’ relationship with Evergy, Inc.?

Evergy Ventures is the wholly owned, non-regulated investment affiliate of Evergy, Inc., the publicly traded utility formed from the 2018 merger of Great Plains Energy and Westar Energy. It invests on behalf of the parent utility’s non-ratepayer capital, keeping a firewall between its venture and growth equity activities and Evergy’s regulated operations.

### How does Evergy Ventures source investment opportunities?

Deal flow arrives through founder and GP networks, the team’s relationships in the Midwest energy ecosystem, and referrals from the utility’s operational and engineering units. LP positions in Energy Impact Partners, KCRise Fund, The Westly Group, and Union provide an additional pipeline of co-investment and fund-referred opportunities.

### Does Evergy Ventures manage a single pool of committed capital or deploy off Evergy’s balance sheet?

The firm does not disclose a committed fund size. It deploys capital from Evergy, Inc.’s non-regulated balance sheet, which allows it to write equity checks without the traditional fundraising cycle constraints of a venture capital firm.

### Which sectors does Evergy Ventures explicitly avoid?

The firm does not publish a formal exclusion list. Because its mandate ties to the future of the regulated electric grid, it has not invested in oil and gas upstream, pure-play fossil generation, or consumer internet companies outside the energy value chain.

### How does Evergy Ventures work alongside its LP fund managers like Energy Impact Partners?

Evergy Ventures serves as a strategic limited partner and sits inside EIP’s utility partner network. The relationship is a two-way information and co-investment channel: Evergy gains exposure to EIP’s deal flow and diligence, while EIP portfolio companies can leverage Evergy as a potential utility deployment partner in the Midwest.

### What is Evergy Ventures’ known posture on co-investments alongside external GPs?

The firm co-invests directly when a portfolio company fits its strategic mandate. Its dual structure — direct book plus LP stakes — is designed to facilitate co-investment alongside the funds it backs, though specific co-investment deals are not publicly itemized.

## Related profiles

- [Evergreen Partners](https://altss.com/profile/evergreen-partners)
- [Everlane Equity Partners](https://altss.com/profile/everlane-equity-partners)

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Last updated: 2026-08-11T15:06:42.396Z

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