Private Equity

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Evok Innovations

Evok Innovations is a leading climate-focused venture capital firm investing in hard tech solutions for heavy industry.

Evok Innovations logo

Evok Innovations

Evok Innovations is a leading climate-focused venture capital firm investing in hard tech solutions for heavy industry. We partner with exceptional entrepreneurs to scale transformative technologies in our focus areas of energy, mining & minerals, industrial optimization, and adaptation & resilience.

General information

Firm type

Private Equity

Year founded

2016

AUM

Undisclosed

Location

Region

North America

Country

Canada

City

Vancouver

Corporate office

1410 – 1130 West Pender Street, Vancouver, BC, Canada

Principals

Mike Biddle

Partner

Marty Reed

Partner

Naynika Chaubey

Partner

Jane Kearns

Partner

Sector focus

ClimateTechEnergy Transition & RenewablesIndustrial TechMining & Minerals

Frequently asked questions

Who runs investment decisions at Evok Innovations?

Investment decisions are led by the partnership group, which includes Mike Biddle, Marty Reed, Naynika Chaubey, and Jane Kearns. All four are listed as partners on the firm's public-facing website. The firm does not publish a formal investment committee roster, but its operating model relies on the industrial-technology operating experience of its senior partners.

How does Evok source proprietary deal flow?

Evok's partners draw on their prior careers as industrial-technology operators to access founders and technologies that often lack traditional venture-broker representation. The firm's explicit alliance with incumbent heavy-industry players — announced alongside Fund II in 2022 — creates a sourcing channel rooted in industrial supply chains and engineering networks rather than pitch-deck competitions.

What investment stages does Evok typically target?

Evok targets early-to-mid-stage companies, concentrating on Series A and B rounds. The firm states it prioritizes technologies that have moved beyond laboratory validation and can demonstrate clear cost advantages and market potential inside industrial environments.

Which sectors does Evok explicitly avoid?

Evok does not publish a formal exclusion list, but its exclusive focus on heavy-industry hard-tech means it does not invest in consumer climate apps, carbon-credit marketplaces, or software-only decarbonization platforms. The firm's published verticals are energy, mining and minerals, industrial optimization, and adaptation and resilience.

How is Evok structured, and where does the capital come from?

Evok operates as a venture capital asset manager with an initial fund launched in 2016 and a second fund closed in 2022. The firm does not publicly disclose its limited partners. Wealth-origin information is not publicly available; the firm has not disclosed affiliations with a single-family fortune or sovereign pool.

Does Evok participate in fund commitments or only direct deals?

Evok's portfolio is built entirely on direct venture investments into hard-tech companies. There is no public evidence of fund-of-fund commitments or third-party manager allocations. The firm describes its model as hands-on, with partners often taking board seats and operating as extensions of portfolio management teams.

What is Evok's known posture on co-investments alongside external GPs?

Evok does not publish a formal co-investment policy, but its portfolio structure — concentrated positions taken at early series stages — and its operating-partner model suggest lead-investor behavior rather than passive GP co-invest participation. No co-investment vehicles or club arrangements are disclosed.

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