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Cerulean Ventures is a pre-seed venture capital firm founded in 2022 and based in Santa Barbara, California. With a focus on leveraging artificial intelligence (AI) to tackle climate change, the firm aims to identify systemic leverage points across various sectors to drive transformative economic changes. Cerulean Ventures closed its first fund, totaling $10 million, during Climate Week NYC in September 2024. The firm is dedicated to supporting innovative founders who are developing digital technologies that can create significant climate impact and promote sustainability.
The leadership team consists of General Partners Matthew Stotts and Jahed Momand, both of whom bring extensive experience in technology and finance. Stotts has a background in tech marketing consultancy and fintech, while Momand has co-founded a DevOps SaaS company and has expertise in enterprise software product leadership. Together, they work closely with portfolio companies to provide operational support, go-to-market strategy guidance, and financial planning assistance.
Cerulean Ventures has established a strong reputation in the climate tech space, connecting with a network of strategic investors, including the Regen Foundation and multiple global family offices. The firm is committed to fostering a collaborative environment that encourages innovation and sustainability, making it a distinctive player in the venture capital landscape.
Cerulean Ventures primarily invests in pre-seed and seed stage companies that utilize digital technologies, particularly AI, to create meaningful climate impact. The firm targets sectors that are often resistant to digital transformation, such as mining, niche manufacturing, soft tropical commodities, and pharma supply chains. By focusing on these areas, Cerulean Ventures aims to back teams that are generating new environmental assets and developing digital tools for climate risk adaptation and mitigation.
The geographic focus of Cerulean Ventures spans the United States, Africa, and the European Union, allowing the firm to tap into diverse markets and innovative solutions. The firm seeks to invest in companies that are addressing hard problems in climate tech, particularly those that leverage software, blockchain, and financial technology to create climate-positive economies. This strategic focus on systemic leverage points across various sectors positions Cerulean Ventures as a leader in the climate tech investment space.
Cerulean Ventures boasts a diverse portfolio of 33 companies that are making strides in climate technology and sustainability. Notable investments include:
These companies represent a commitment to addressing climate challenges through innovative solutions, and while no exits have been reported yet, the firm continues to support its portfolio in navigating the complexities of the climate tech landscape.
Matthew Stotts: General Partner with a background in tech marketing consultancy and fintech. He focuses on helping portfolio companies with go-to-market strategies and operational support.
Jahed Momand: General Partner and co-founder of a DevOps SaaS company, with expertise in enterprise software product leadership. He works closely with founders to navigate challenges in the climate tech space.
To pitch Cerulean Ventures, founders should visit their pitch page at cerulean.vc/founders. The firm prefers pitches that clearly articulate how the proposed solutions leverage AI to create climate impact. Warm introductions are encouraged, but cold applications are also accepted.
Cerulean Ventures recently closed its first fund, totaling $10 million, during Climate Week NYC in September 2024. The firm has made 33 investments in various climate tech companies, including notable names like Earthbanc, Jasmine Energy, CommonShare, and Regen Network. This activity underscores their commitment to supporting innovative solutions for climate change.
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