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Starshot Capital is a climate-focused venture capital firm founded in 2021 and based in Los Angeles. The firm was established by Jeremy Brewer and Sam Levac-Levey, who previously co-founded Work on Climate, a community with over 28,000 members dedicated to climate innovation. Starshot Capital aims to support high-impact, high-growth businesses that address global challenges, particularly climate change. The firm believes that innovation in decarbonization presents significant opportunities for both environmental impact and economic growth.
Currently, Starshot Capital manages a fund size of $35 million, known as Starshot Fund I, which closed in 2024. The firm has a portfolio of seven companies, focusing on early-stage investments that can avert a cumulative 1 gigaton of carbon emissions by 2050. Starshot Capital operates primarily in the United States and has established a strong network within the climate tech community, enhancing its deal flow and collaboration opportunities.
Starshot Capital invests in early-stage startups innovating in various sectors related to climate technology, including climate, energy, agtech, biotech, and industrial sectors. The firm targets companies at the pre-seed, seed, seed+, Series A, and growth equity stages. Their investment strategy emphasizes sustainable solutions that are economically viable, particularly in areas such as renewable energy, energy efficiency, and sustainable agriculture.
The firm seeks to back companies that can significantly reduce carbon emissions and contribute to a sustainable future. Starshot Capital's investment thesis focuses on underinvested climate sectors, aiming to identify scalable solutions that address the climate crisis while creating economic opportunities. They prioritize technologies that can deliver substantial environmental benefits alongside top-tier venture returns.
Starshot Capital's portfolio includes seven notable companies that exemplify its focus on climate technology:
These companies reflect Starshot Capital's commitment to investing in technologies that can lead to substantial reductions in carbon emissions and promote sustainability.
Jeremy Brewer: Managing Partner. Brewer is a veteran of Google and Facebook and co-launched Work on Climate, the largest technical climate community with over 28,000 members.
Sam Levac-Levey: Founding Partner. Levac-Levey is a mechanical engineer with experience at Tesla and SpaceX, and he is a childhood friend of Brewer.
Jeff Seabright: Partner. Seabright brings expertise in climate technology and investment strategies.
Zoe Samuel: Venture Partner. Samuel has a background in venture capital and sustainability initiatives.
Dr. Nicholas Gould: Principal. Gould specializes in climate science and technology, contributing to the firm's investment decisions.
Praveen Mahendran: Chief of Staff. Mahendran supports operational functions and strategic initiatives within the firm.
Starshot Capital prefers startups to pitch through their online intake form, which can be found here. Founders should include detailed information about their technology, market potential, and how their solution addresses climate challenges. The firm values clarity and a strong narrative in pitch decks. Response times may vary, but startups can expect to hear back within a few weeks.
In April 2024, Starshot Capital closed its first fund, Starshot Fund I, with a total size of $35 million. This fund was recognized as the 12th climate fund of the year at the time of its closing, highlighting the firm's commitment to climate-focused investments.
Starshot Capital has been actively promoting its mission and portfolio through its website, showcasing its focus on sustainable innovations and the specific sectors it invests in. The firm has received media coverage from outlets such as CNBC, BusinessWire, and the LA Business Journal, emphasizing its role in the climate tech investment space.
What are Starshot Capital's investment criteria?
Starshot Capital focuses on early-stage startups that are innovating in climate technology sectors. They look for companies that can significantly reduce carbon emissions and contribute to sustainability. The firm targets investments in pre-seed, seed, seed+, Series A, and growth equity stages.
How can startups apply or pitch to Starshot Capital?
Startups can pitch to Starshot Capital through their online intake form available at this link. The firm encourages startups to provide detailed information about their technology and its potential impact on climate change.
What makes Starshot Capital different from other venture capital firms?
Starshot Capital differentiates itself by focusing specifically on underinvested climate sectors and aiming to avert 1 gigaton of cumulative carbon emissions by 2050. Their founders' backgrounds in technology and climate innovation provide unique insights and support to portfolio companies.
What is the geographic scope of Starshot Capital's investments?
The firm primarily invests in startups based in the United States, focusing on companies that address climate challenges relevant to the region.
What kind of post-investment involvement does Starshot Capital have?
Starshot Capital provides strategic support and insights to its portfolio companies, leveraging its founders' extensive backgrounds in technology and climate innovation. The firm also facilitates connections within the climate tech community to enhance collaboration opportunities.
What is the typical check size for investments made by Starshot Capital?
While specific check sizes are not disclosed, Starshot Capital targets early-stage investments, which typically range from pre-seed to growth equity stages, aligning with their overall fund size of $35 million.
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