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Systemiq Capital is a venture capital firm founded in 2018 and based in London, United Kingdom. The firm focuses on supporting early-stage technology founders who are addressing significant global challenges, particularly in the climate sector. Systemiq Capital has a current AUM of approximately $140 million, with a fund size of $70 million for its second fund, which targets late seed to Series B investments in climate tech companies across Western Europe.
The firm has achieved notable milestones, including three exits from its first fund, which deployed $30 million. Over a third of its portfolio companies feature female co-founders or CEOs, highlighting a commitment to diversity. Systemiq Capital operates primarily in North America and Europe, with a strong emphasis on sectors related to electrification, decoding nature, and applied artificial intelligence.
Systemiq Capital's headquarters is located at Russell Square House, 10-12 Russell Square, London, WC1B 5EH, United Kingdom. The firm is registered as SYSTEMIQ CAPITAL LIMITED at Companies House, company #11276314.
Systemiq Capital invests in early-stage technology companies, primarily in Europe and North America, with a focus on sectors such as climate technology, electrification, healthcare, energy, and biotechnology. The firm targets investments at the pre-seed, seed, and seed-plus stages, with check sizes typically ranging from $500,000 to $5 million. Their investment thesis emphasizes four key areas: sustainable food and materials, clean transport, climate intelligence and finance, and climate restoration.
Investments are directed towards companies that integrate technology with nature, enhance electrification, and utilize applied artificial intelligence to optimize productive assets. Systemiq Capital seeks founders who demonstrate strong commercial potential and a commitment to addressing significant environmental challenges. The firm prefers to engage in co-investments and values partnerships that can enhance the growth trajectory of its portfolio companies.
Systemiq Capital's portfolio includes a diverse range of companies focused on climate technology and sustainability. Notable portfolio companies include:
These companies exemplify Systemiq Capital's commitment to investing in innovative solutions that address climate challenges and promote sustainable practices.
Irena Spazzapan - Managing General Partner. Irena has led the investment team since the launch of Fund I in 2018, bringing extensive experience in venture capital and sustainability.
Matthew Goldstein - General Partner. Matthew co-founded M12, Microsoft's venture capital fund, before joining Systemiq Capital, where he focuses on investments in climate technology.
Jessica Stewart - General Partner, Chief Operating Officer. Jessica oversees operations and investment strategies, leveraging her background in technology and finance.
George Darrah - General Partner. George has a strong track record in venture capital, focusing on early-stage investments in sustainable technologies.
Louis Millon - Investment Principal. Louis plays a key role in sourcing and evaluating investment opportunities within the firm's focus sectors.
Jasper Wigley - Investment Associate. Jasper supports the investment team in due diligence and portfolio management.
Sie Yin Poh - Investment Analyst. Sie Yin conducts market research and analysis to identify promising investment opportunities.
Philip Kasumu - Head of Investor Relations. Philip manages relationships with limited partners and stakeholders.
Elena Guglielmini - Operations Associate. Elena supports the operational functions of the firm.
Gemma Bloemen - Venture Partner. Gemma brings expertise in scaling startups and strategic partnerships.
To pitch to Systemiq Capital, founders should use the preferred channel available on their Substack newsletter at systemiqcapital.substack.com. The pitch deck should include a clear overview of the business model, market opportunity, team background, and financial projections. Founders can expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In July 2025, Systemiq Capital announced the first close of its second fund at $70 million, targeting a total of $200 million. This fund will focus on late seed to Series B investments in climate tech companies in Western Europe.
In October 2024, Basecamp Research, a portfolio company, raised $60 million in a Series B round led by Singular, highlighting the growing interest in biodiversity and biotechnology.
Systemiq Capital has been featured in various publications, including TechCrunch and Venture Capital Journal, for its commitment to investing in climate technology and sustainability.
What are Systemiq Capital's investment criteria?
Systemiq Capital primarily invests in early-stage technology companies that focus on climate technology, electrification, healthcare, energy, and biotechnology. They look for startups that demonstrate strong commercial potential and a commitment to addressing significant global challenges.
How can I apply or pitch to Systemiq Capital?
Founders can pitch their ideas through the firm's Substack newsletter at systemiqcapital.substack.com. It is advisable to include a clear business model, market analysis, and the team’s background in the pitch deck.
What makes Systemiq Capital different from other venture capital firms?
Systemiq Capital focuses specifically on climate technology and sustainability, investing in sectors that address major environmental challenges. Their expertise in technology and sustainability allows them to provide strategic guidance and facilitate partnerships for their portfolio companies.
What is the geographic scope of Systemiq Capital's investments?
The firm primarily invests in early-stage technology companies located in North America and Europe, targeting sectors that align with their investment thesis.
What is the typical fund size and check size for investments?
Systemiq Capital's current fund size is $70 million, with check sizes typically ranging from $500,000 to $5 million for early-stage investments.
What kind of post-investment involvement does Systemiq Capital have?
Systemiq Capital adds value to its portfolio companies by providing strategic guidance, facilitating partnerships, and enhancing access to follow-on capital. They are actively involved in supporting their companies' growth and development.
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