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Stepchange is a venture capital organization founded to accelerate energy abundance and upgrade critical infrastructure through software solutions. Established in the United States, the firm focuses on investing in ambitious companies across various sectors, including energy, AI, climate, mobility, healthcare, and industrial.
The organization currently manages a portfolio of 20 companies and targets multiple stages of company development, from pre-seed to growth equity. Stepchange's commitment to sustainable energy and infrastructure solutions positions it as a key player in the venture capital landscape.
Notable milestones include the successful backing of companies that are innovating in their respective fields, contributing to advancements in energy efficiency and infrastructure resilience. The firm operates from its headquarters in the United States and aims to partner with startups that align with its mission of enhancing energy abundance.
Stepchange invests in companies that are building software to enhance energy abundance and improve critical infrastructure. The sectors of interest include transportation, built environment, energy transition, AI infrastructure, earth intelligence, and resilience. The firm targets various stages of company development, including pre-seed, seed, seed-plus, Series A, Series B, Series C, and growth equity.
Investment checks typically range across these stages, allowing Stepchange to support startups at different points in their growth journey. The organization seeks founders who demonstrate ambition and a commitment to sustainable practices. Stepchange prefers to invest in companies that provide innovative solutions to pressing challenges in energy and infrastructure.
Stepchange has a diverse portfolio of 20 companies across six sectors, showcasing its commitment to sustainable energy and infrastructure solutions. Notable portfolio companies include:
This portfolio reflects Stepchange's strategic focus on sectors that are critical for future energy and infrastructure advancements.
Ben Shwab Eidelson: Co-founder & Managing Partner. Ben has extensive experience in venture capital and has led numerous successful investments in the energy sector.
Anay Shah: Co-founder & Managing Partner. Anay brings a wealth of knowledge in technology and infrastructure investments, having worked with various startups in the past.
Stephanie Hannon: Head of Product, previously CPO at Waze and Strava. Stephanie has a strong background in product development and technology leadership.
Ari Steinberg: Director of Engineering, formerly at Airbnb and Facebook. Ari has a track record of building scalable technology solutions.
Ian Wong: Co-founder and CTO of Opendoor, with experience in fraud prevention at Square. Ian's expertise lies in technology and operational efficiency.
Bradley Horowitz: VP Product & Advisor at Google, with a history of angel investing in over 150 startups. Bradley's insights into product strategy are invaluable.
Jessyn Farrell: Former Seattle Deputy Mayor and WA State Representative. Jessyn brings a strong background in public policy and transportation.
To pitch to Stepchange, founders should visit their website at stepchange.vc. The firm prefers pitches that clearly outline the business model, market opportunity, and how the startup aligns with their focus on energy abundance and critical infrastructure.
Stepchange encourages the inclusion of detailed financial projections and a clear go-to-market strategy in the pitch deck. Response times may vary, but the firm aims to provide timely feedback to applicants.
As of October 2023, Stepchange continues to expand its portfolio, focusing on companies that align with its mission of enhancing energy abundance. Recent investments include notable companies in the energy and infrastructure sectors.
Stepchange has also been active in discussions around sustainable practices in venture capital, emphasizing the importance of supporting innovations that contribute to a greener future.
What are Stepchange's investment criteria?
Stepchange invests in companies that enhance energy abundance and improve critical infrastructure through software solutions. They focus on sectors such as energy, AI, climate, mobility, healthcare, and industrial.
How can I apply or pitch to Stepchange?
Founders can pitch their ideas by visiting Stepchange's website at stepchange.vc. The firm encourages ambitious companies to reach out.
What makes Stepchange different from other venture capital firms?
Stepchange's unique focus on software solutions for energy abundance and critical infrastructure sets it apart. The firm is dedicated to supporting innovations that contribute to sustainable energy practices.
What is the geographic scope of Stepchange's investments?
Stepchange primarily invests in companies based in the United States, targeting startups that align with their mission of enhancing energy abundance.
What is the typical check size for investments?
Stepchange invests across various stages, including pre-seed, seed, and growth equity, which allows for flexibility in check sizes depending on the stage of the company.
What kind of post-investment involvement does Stepchange have?
Stepchange actively supports its portfolio companies through mentorship and resources, focusing on helping them achieve their growth objectives.
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