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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.
Currently, Stepchange manages a portfolio of 20 companies and targets multiple stages of company development, from pre-seed to growth equity. The organization has made significant strides in supporting innovations that contribute to sustainable energy and infrastructure, aligning its investments with the pressing needs of modern society.
Stepchange's commitment to enhancing critical infrastructure through software solutions positions it as a key player in the venture capital landscape. The firm aims to partner with startups that share its vision of a sustainable future, leveraging its expertise and resources to drive impactful change.
Stepchange invests in companies that are building software to enhance energy abundance and improve critical infrastructure. The firm is particularly interested in sectors such as transportation, built environment, energy transition, AI infrastructure, earth intelligence, and resilience. This diverse focus allows Stepchange to support a wide range of innovative solutions that address critical challenges in energy and infrastructure.
The organization targets various stages of company development, including pre-seed, seed, seed-plus, Series A, Series B, Series C, and growth equity. Stepchange looks for founders who are ambitious and committed to creating sustainable solutions. The firm prefers investments in companies that demonstrate a clear path to enhancing energy efficiency and resilience through technology.
Stepchange has a diverse portfolio of 20 companies across six sectors, showcasing its commitment to investing in innovative solutions for energy and infrastructure. Notable portfolio companies include:
This portfolio reflects Stepchange's strategic focus on companies that are at the forefront of enhancing energy abundance and improving critical infrastructure through innovative software solutions.
Ben Shwab Eidelson: Co-founder & Managing Partner. Ben has extensive experience in venture capital and a strong background in technology investments.
Anay Shah: Co-founder & Managing Partner. Anay brings a wealth of knowledge in scaling startups and has a track record of successful investments.
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. Ari has held engineering leadership roles at Airbnb and Facebook, and he founded Vamo, which was acquired by Airbnb.
Ian Wong: Co-founder and CTO of Opendoor. Ian has a background in building technology solutions and has experience in fraud prevention at Square.
Bradley Horowitz: VP Product & Advisor at Google. Bradley has invested in over 150 startups and serves on the board of Singtel.
Jessyn Farrell: Former Seattle Deputy Mayor and WA State Representative. Jessyn has a strong background in public policy and transportation.
To pitch Stepchange, founders should visit the firm's website at stepchange.vc. The pitch deck should include a clear overview of the business model, market opportunity, and how the solution enhances energy abundance or improves critical infrastructure. Stepchange prefers warm introductions but will consider direct submissions through their website.
Response times can vary, but founders can generally expect feedback within a few weeks of submission.
What investment criteria does Stepchange use?
Stepchange invests in companies that enhance energy abundance and improve critical infrastructure through software solutions. The firm focuses on sectors such as energy, AI, climate, mobility, healthcare, and industrial.
How can I pitch to Stepchange?
Founders can pitch their ideas by visiting Stepchange's website at stepchange.vc. The firm encourages submissions that align with its investment focus on sustainable energy and infrastructure.
What makes Stepchange different from other investors?
Stepchange is distinct in its commitment to accelerating energy abundance and enhancing critical infrastructure through software solutions. The firm targets a wide range of investment stages, from pre-seed to growth equity, allowing it to support companies at various points in their development.
What is the geographic scope of Stepchange's investments?
Stepchange primarily invests in companies based in the United States, focusing on startups that are addressing critical challenges in energy and infrastructure.
What is the typical check size for investments?
While specific check sizes are not disclosed, Stepchange invests across multiple stages, indicating a flexible approach to funding that can accommodate varying capital needs.
What kind of post-investment involvement does Stepchange have?
Stepchange actively supports its portfolio companies by providing access to resources, mentorship, and a network of industry contacts to help drive growth and innovation.
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