VENICE BEACH, Calif.--(BUSINESS WIRE)--Apr 29, 2025--
CIV, an investment firm focused on backing and building transformative companies reshaping critical industries, today announced the close of its inaugural CIV Fund One. The fund is oversubscribed with more than $210 million in capital commitments.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429109039/en/
Founded by seasoned entrepreneurs and investors, CIV operates on the principle that civilization advances through bold technological innovation. CIV Fund One targets a projected $70 trillion U.S. market opportunity by 2050* for ongoing industrial transformation, strategically responding to critical shifts including artificial intelligence transforming the global economy, reshoring of manufacturing and supply chains, and surging energy demand.
CIV Fund One is backed by a distinguished group of founding limited partners, including StepStone Group, Gwynne Shotwell (President and COO, SpaceX), Brown Advisory, Fred Wilson (Co-Founder, Union Square Ventures), and a global network of leading institutions, endowments, family offices, and founders.
Gwynne Shotwell, President and COO, SpaceX said :“What sets CIV apart is their conviction and hands-on approach. They’re not just investors—they’re active company builders who help founders execute and scale from day one.”
CIV’s strategy is rooted in its ability to operate as both investor and company builder. The firm combines deep operating experience, a flexible capital model, and a global advisory network—creating structural advantages from company formation to scale. CIV partners directly with exceptional founders—and when the right company doesn’t yet exist, it co-founds and incubates one in-house.
CIV’s early investments reflect this hybrid strategy. The firm invested in Senra Systems, a next-gen manufacturing business applying automation to the wire harness industry. CIV also co-founded and seeded The Nuclear Company, a fleet-scale nuclear energy platform powering the AI and industrial economy. Additional Fund One investments include Base Power, Crux, and Verse—companies advancing scalable solutions in energy, fintech, and strategic supply chains.
CIV was founded by Patrick Maloney, Jeff Rosenthal, and Abhijoy Mitra—entrepreneurs and investors who have financed, built and scaled category-defining companies. Together, their combined expertise provides CIV-backed founders with a distinct operational and strategic advantage.
Maloney is an EY Entrepreneur of the Year and previously founded Inspire, a clean energy company acquired by Shell. Rosenthal co-founded Summit, the influential global thought leadership communities, is the co-owner of Powder Mountain, and has been a Senior Advisor to SpaceX, Colossal Biosciences, Scopely, Calm, Masterclass, and Goodleap, among others. Mitra was previously a General Partner at Coatue, leading venture and growth investments in industrial technology and climate innovation.
“The defining companies of this century will reimagine the systems that underpin our economy and society, ” said Patrick Maloney, Co-Founder and CEO, CIV. “ We actively partner with visionary founders to build businesses that address the most pressing challenges of our time. When the best company exists, we back it. When it doesn’t, we partner with outlier founders to build it.”
"CIV is a firm built for founders, by founders,"said Jeff Rosenthal, Co-Founder and Managing Partner, CIV ."Great founders don't just build businesses, they define movements and reshape markets. CIV exists to empower them with the resources and global relationships that help them execute at scale."
"The global economy is undergoing a fundamental shift,"added Abhijoy Mitra, Co-Founder and Managing Partner, CIV. "What's needed isn't just capital, it is long-range vision and operating capabilities. We’ve built CIV to deliver both."
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Media kit, founder biographies, and headshots can be found here.
Notes to Editor
About CIV
CIV is an investment firm that backs and builds transformative companies reshaping the world’s most critical industries. By combining deep operating expertise, a flexible capital model, and a unique global advisory network, CIV creates structural advantages for visionary founders tackling society’s most urgent challenges. When the best company exists, we back it. When it doesn’t, we partner with exceptional founders to develop groundbreaking ideas, build new companies, and accelerate their growth. www.civ.co
CIV co-founders (left to right): Abhijoy Mitra, Jeff Rosenthal and Patrick Maloney
MINNEAPOLIS (AP) — Federal agents carrying out immigration arrests in Minnesota's Twin Cities region already shaken by the fatal shooting of a woman rammed the door of one home Sunday and pushed their way inside, part of what the Department of Homeland Security has called its largest enforcement operation ever.
In a dramatic scene similar to those playing out across Minneapolis, agents captured a man in the home just minutes after pepper spraying protesters outside who had confronted the heavily-armed federal agents. Along the residential street, protesters honked car horns, banged on drums and blew whistles in attempts to disrupt the operation.
Video of the clash showed some agents pushing back protesters while a distraught woman later emerged from the house with a document that federal agents presented to arrest the man. Signed by an immigration officer, the document — unlike a warrant signed by a judge — does not authorize forced entry into a private residence. A warrant signed by an immigration officers only authorizes arrest in a public area.
Immigrant advocacy groups have done extensive “know-your-rights” campaigns urging people not to open their doors unless agents have a court order signed by a judge.
But within minutes of ramming the door in a neighborhood filled with single-family homes, the handcuffed man was led away and soon gone.
More than 2,000 immigration arrests have been made in Minnesota since the enforcement operation began at the beginning of December, said Homeland Security spokesperson Tricia McLaughlin.
The Twin Cities — the latest target in President Donald Trump’s immigration enforcement campaign — is bracing for what is next after 37-year-old Renee Good was shot and killed by an immigration officer Wednesday.
“We’re seeing a lot of immigration enforcement across Minneapolis and across the state, federal agents just swarming around our neighborhoods,” said Jason Chavez, a Minneapolis city councilmember. “They’ve definitely been out here.”
Chavez, the son of Mexican immigrants who represents an area with a growing immigrant population, said he is closely monitoring information from chat groups about where residents are seeing agents operating.
People holding whistles positioned themselves in freezing temperatures on street corners Sunday in the neighborhood where Good was killed, watching for any signs of federal agents.
More than 20,000 people have taken part in a variety of trainings to become “observers” of enforcement activities in Minnesota since the 2024 election, said Luis Argueta, a spokesperson for Unidos MN, a local human rights organization .
“It’s a role that people choose to take on voluntarily, because they choose to look out for their neighbors,” Argueta said.
The protests have been largely peaceful, but residents remained anxious. On Monday, Minneapolis public schools will start offering remote learning for the next month in response to concerns that children might feel unsafe venturing out while tensions remain high.
Many schools closed last week after Good’s shooting and the upheaval that followed.
While the enforcement activity continues, two of the state’s leading Democrats said that the investigation into Good's shooting death should not be overseen solely by the federal government.
Minneapolis Mayor Jacob Frey and U.S. Sen. Tina Smith said in separate interviews Sunday that state authorities should be included in the investigation because the federal government has already made clear what it believes happened.
“How can we trust the federal government to do an objective, unbiased investigation, without prejudice, when at the beginning of that investigation they have already announced exactly what they saw — what they think happened," Smith said on ABC’s "This Week."
The Trump administration has defended the officer who shot Good in her car, saying he was protecting himself and fellow agents and that Good had “weaponized” her vehicle.
Todd Lyons, acting director of ICE, defended the officer on Fox News Channel’s “The Sunday Briefing.”
"That law enforcement officer had milliseconds, if not short time to make a decision to save his life and his other fellow agents,” he said.
Lyons also said the administration’s enforcement operations in Minnesota wouldn't be needed “if local jurisdictions worked with us to turn over these criminally illegal aliens once they are already considered a public safety threat by the locals.”
The killing of Good by an ICE officer and the shooting of two people by federal agents in Portland, Oregon, led to dozens of protests across the country over the weekend.
Thousands of people marched Saturday in Minneapolis, where Homeland Security called its deployment of immigration officers in the Twin Cities its biggest ever immigration enforcement operation.
Associated Press journalists Giovanna Dell’Orto in Minneapolis, Thomas Strong in Washington, Bill Barrow in Atlanta, and John Seewer in Toledo, Ohio, contributed.
A woman gets into an altercation with a federal immigration officer as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)
A federal immigration officer deploys pepper spray as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)
A family member, center, reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)
Bystanders are treated after being pepper sprayed as federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)
A family member reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)
Federal agents look on after detaining a person during a patrol in Minneapolis, Minn., Sunday, Jan. 11, 2026. (Christopher Katsarov/The Canadian Press via AP)
Bystanders react after a man was detained by Immigration and Customs Enforcement (ICE) agents during a traffic stop, Sunday, Jan. 11, 2026, in Robbinsdale, Minn. (AP Photo/John Locher)
People stand near a memorial at the site where Renee Good was fatally shot by an ICE agent, Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
A man looks out of a car window after being detained by Immigration and Customs Enforcement (ICE) agents during a traffic stop, Sunday, Jan. 11, 2026, in Robbinsdale, Minn. (AP Photo/John Locher)
Border Patrol agents detain a man, Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/Adam Gray)
People shout toward Border Patrol agents making an arrest, Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/Adam Gray)
Demonstrators protest outside the White House in Washington, Saturday, Jan. 10, 2026, against the Immigration and Customs Enforcement agent who fatally shot Renee Good in Minneapolis. (AP Photo/Jose Luis Magana)
Minneapolis Mayor Jacob Frey holds a news conference on Saturday, Jan. 10, 2026, in Minneapolis. (AP Photo/Jen Golbeck)
Protesters react as they visit a makeshift memorial during a rally for Renee Good, who was fatally shot by an ICE officer earlier in the week, Saturday, Jan. 10, 2026, in Minneapolis. (AP Photo/John Locher)
