Energy-tech investor Cottonwood Venture Partners is back in market with its second fund and has added two professionals to its team.
The Houston-based venture capital firm is targeting an undisclosed amount for CVP Energy Technology Fund II, according to a document filed with the SEC on Aug. 8. The firm invests in digital technology companies that work with the oil and gas industry.
The firm recently announced the hiring of Anthony Thomas as a principal and Sonya Christianson as vice president of finance and operations.
Thomas was formerly a senior vice president of business development at Ringers Gloves, an industrial safety product company. Christianson was previously a senior director of finance and administration at Station Houston, a technology accelerator.
Cottonwood was founded in 2017 by Jeremy Arendt, Ryan Gurny and Mark Mills. It closed its debut fund on $32 million in October of last year. The firm lists six portfolio companies on its website including Tachyus, a cloud-based platform that detects how reservoirs react to stimulus; Novi Labs, a machine learning company that helps oil and gas companies create wells; and Well Data Labs, a company that helps companies manage their internal fracking data.
Representatives of Cottonwood did not respond to a request for comment.