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Dragonfly Enviro Capital is a venture capital firm founded in 2017 and based in Sydney, Australia. The firm focuses on climate and environmental investments, directing capital towards scalable solutions that positively impact nature. With a target fund size of $50 million, Dragonfly Enviro Capital has raised $7.5 million to date and has invested in 13 companies within the climate and environmental sectors.
The firm operates with a small team and emphasizes action over mere innovation, seeking to support operational companies that can deliver measurable environmental solutions. Dragonfly Enviro Capital is recognized as a leader in the Australian impact investment space and is a member of the ClimateSalad network, which connects various stakeholders in the climate investment community.
Notable milestones include the establishment of the Impact Growth Fund, which aims to achieve a target return of 20% per annum net of fees over the first eight years post-deployment. The firm is strategically positioned to capitalize on regulatory tailwinds in Australia surrounding net-zero commitments.
Dragonfly Enviro Capital invests primarily in early-stage growth equity, focusing on scalable environmental businesses that demonstrate differentiated intellectual property and proven commercial traction. The firm targets sectors such as climate, agtech, and energy, emphasizing investments in companies that are already operational and capable of delivering impactful solutions.
The investment strategy prioritizes businesses with a clear pathway to profitability, aligning with the firm’s thesis of addressing urgent environmental challenges through actionable solutions. Dragonfly Enviro Capital seeks to partner with companies that can demonstrate measurable sustainability outcomes, particularly in areas like natural capital, nature-positive urbanism, carbon management, and water solutions.
Investment checks typically range within the early-stage growth equity spectrum, and the firm is open to co-investment opportunities that align with its mission. The focus on operational companies rather than purely innovative startups distinguishes Dragonfly Enviro Capital in the competitive landscape of impact investing.
Dragonfly Enviro Capital has built a diverse portfolio of 13 companies focused on climate and environmental solutions. Notable portfolio companies include:
These companies represent a mix of sectors, including agtech, energy storage, and carbon management, all contributing to the overarching goal of achieving net-zero pathways. The firm’s portfolio reflects its commitment to investing in scalable, nature-positive solutions that address pressing environmental challenges.
Nigel Sharp – Founder. Nigel has over 35 years of experience in sustainable impact investing and is recognized as a leader in the Australian impact VC and private equity space. He has been instrumental in establishing Dragonfly Enviro Capital as a prominent player in the climate investment community.
His background includes significant involvement in various impact investment initiatives and collaborations within the ClimateSalad network, enhancing the firm's reputation and reach in the sector.
To pitch Dragonfly Enviro Capital, founders should reach out via email at hello@dragonflyenvirocapital.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and sustainability impact.
While there is no formal application portal, a well-structured email pitch can facilitate initial discussions. Response times may vary, but founders should expect a timely acknowledgment of their submission.
As of March 2026, Dragonfly Enviro Capital is actively raising its $50 million Impact Growth Fund, having secured and deployed $7.5 million to date. The firm has made 13 early investments in environmental tech businesses focused on net-zero pathways, with a self-reported weighted average IRR of 51%.
Recent activities highlight the firm's commitment to supporting scalable environmental solutions, particularly in sectors such as agtech, nature-based solutions, energy storage, carbon management, and water solutions.
What are Dragonfly Enviro Capital's investment criteria?
The firm focuses on early-stage growth equity investments in operational companies within the climate, agtech, and energy sectors. They seek businesses with differentiated intellectual property, proven commercial traction, and a clear pathway to profitability.
How can I apply or pitch to Dragonfly Enviro Capital?
Founders can reach out via email at hello@dragonflyenvirocapital.com to initiate a conversation or submit a pitch deck. It is advisable to include details about the business model, market opportunity, and sustainability impact.
What makes Dragonfly Enviro Capital different from other investors?
Dragonfly Enviro Capital emphasizes action over innovation, focusing on operational companies that can deliver measurable environmental solutions. This approach distinguishes them from many venture capital firms that prioritize early-stage, purely innovative startups.
What is the geographic scope of Dragonfly Enviro Capital's investments?
The firm primarily invests in the Oceania region, with a strong focus on Australian companies that are scaling internationally.
What is the fund size and check size range?
Dragonfly Enviro Capital's target fund size is $50 million, with $7.5 million already raised and deployed. Check sizes typically align with early-stage growth equity investments.
What kind of post-investment involvement does Dragonfly Enviro Capital have?
The firm adds value to its portfolio companies by leveraging its expertise in sustainable impact investing and its extensive network within the Australian climate investment community, facilitating growth and scalability.
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