Zaid Ashai has joined Point Judith Capital, a Providence, R.I.-based VC firm, as a partner. He previously was with Good Energies and, before that, worked both with HabourVest Partners and Credit Suisse’s tech I-banking group.
Point Judith Capital announced today that Zaid Ashai has joined the team as a Partner. Zaid brings over a decade of venture capital and technology company financing experience to the firm. He joins General Partners Sean Marsh, David Martirano and Gina Raimondo along with Venture Partners and Advisers that include serial entrepreneurs Martin Clifford, Jim Eisenstein, Paul Mraz, Brad Waugh, Jeff Weiss, and Founding Partner Dave Mixer.
Zaid Ashai, a well respected Cleantech and Energy IT focused venture capitalist, was most recently with Good Energies, one of the leading multi-stage venture investors in Cleantech and Energy IT companies. While at Good Energies, Zaid was elected a Kauffman Fellow and completed numerous investments in the Energy sector. He joined Good Energies following receipt of an MBA and a MPA from Harvard, during which time he worked with Point Judith Capital as an Associate. Prior to attending Harvard, Zaid worked for HarbourVest Partners, a global private equity firm where had board level responsibilities for investments in Intertrade Systems, Trellix Networks, Moai Technologies, and Network Engines. Before joining HarbourVest Partners, he was an investment banking analyst in Credit Suisse’s Technology Group.
“Having worked with Zaid on a variety of investment opportunities over the past 5 years, we know he brings Cleantech and Energy IT industry expertise combined with a thoughtful approach of uniting serial entrepreneurs with innovative founders which is a hallmark of the Point Judith Capital approach.” said
In his new role with Point Judith Capital, Zaid will be leading the firm’s investing efforts in Energy IT. He previously led investments in Nexamp (the leading provider of renewable energy solutions in New England, which was co-led by Point Judith Capital), 3Tier (leading provider of renewable energy forecasting and assessment software), Emergence Bioenergy (a developer of alternative energy solutions for low-income and developing countries) Everpower (leading wind power producer) and Kalpan (an independent hydro producer in India).
“We are very pleased to have the opportunity to add to our team an investment professional of Zaid’s caliber who has the drive and energy to build successful companies while also having the maturity, perspective and discipline to make sound investment decisions.” said Sean Marsh.
Zaid joins a firm whose core mission is to work with innovative founders to build their companies into market leading enterprises. Central to this effort is building a team with serial entrepreneurs as substantial leaders of a portfolio company’s growth and success. Over the past decade, Point Judith Capital has recruited and backed serial entrepreneurs that have created over $11.5 billion of value during their careers.
“Zaid has added enormous value to our efforts at Nexamp and played a central role in bringing me into the company as CEO,” stated Stuart Patterson, CEO of Nexamp and former CEO of venture-backed success SpeechWorks which went public and was subsequently acquired by Scansoft (now Nuance).
“The early stage Energy venture market is poised to deliver superior returns over the next decade as the Energy IT sector continues to gain in importance driven by unyielding macro forces coupled with the emergence of highly capital efficient and innovative technology companies.” said Zaid Ashai, “Having developed a targeted Energy investment thesis while working at Point Judith Capital 5 years ago and
continuing my relationship with the firm ever since, I have come to appreciate how well positioned the firm is to capitalize on the intersection of innovative founders, serial entrepreneurs and high growth, capital efficient companies.”
About Point Judith Capital:
Point Judith Capital (PJC) is an early stage venture capital firm focused on Internet and Mobile, Healthcare and Energy IT, and Software industries. PJC partners with exceptional entrepreneurs to solve real problems in their industries with novel technologies, products, and business models. Together PJC works with them build the next generation of market-leading companies. The firm seeks to unite serial entrepreneurs with innovative founders to build market leading companies including Antenna Software, Getwell Network, Multiply.com, NABsys, Nexamp, Optasite, Sittercity.com and Taqua. For more information visit http://www.pointjudithcapital.com.