Your guide to the fellowships and scout pools that put investors inside the next wave of climate‑tech deals – how they work, what selectors want, and the articles you should read first.
If you are the person friends text whenever a direct‑air‑capture headline drops, you probably want more than a tweet thread – you want to help choose who gets funded. That ambition is timely. Global climate‑tech investment hit $70 billion in 2024, and partner teams are scrambling for earlier signals in battery chemistry, carbon software, and regenerative ag. Rather than add offices on every continent, many funds rely on fellowships and scout allocations that turn domain insiders into deal finders.
How the two formats differ
Why climate‑specific programs exist
Most funnels involve a culture chat, a written memo, and a partner‑level deep dive. Acceptance rates hover near three percent, so polish your materials early.
A sample week looks like this: Monday term‑sheet class on energy‑project finance clauses; Wednesday debate on a real seed deck for algae‑based feed; Friday office hours with a general partner who rewrites your memo. Scout tracks usually require one qualified lead per month. Fellowships often culminate in a simulated investment committee where you defend a deal and outline reserves. Plan for 10 focused hours weekly; shortcuts show fast.
Treat the application itself as your first investment memo. Precise writing and clear numbers tell selectors you already think like an investor.
Spearhead announced today that it has raised $100 million for its fourth fund. The basic outline of the program remains the same, but what’s changed is what happens after the formal Spearhead program has finished.
Dorm Room Fund, a venture capital operation that launched to invest in student-led startups, has raised a new $10.4 million fund, per SEC filings. The filing marks Dorm Room Fund’s largest fund to date, and its first that appears to include investors beyond First Round Capital, the firm that first launched the student-focused operation in 2012.
It started as First Round Capital’s experiment. After all, founder Josh Kopelman had started his first company, Infonautics, while he was a student at the University of Pennsylvania. Partner Hayley Barna had started Birchbox while still at Harvard Business School.
The article confirms that Spain has a number of scouts working for top Silicon Valley and European funds (Sequoia, Accel, EQT, Index, etc.), though many keep a low profile
Because many of the world's most successful tech companies were conceived by college students, recent graduates or dropouts, VCs and their limited partners have long tried to find a way to tap into that youthful creativity as early as possible.
VC review platform Landscape thinks it's come up with the scout programme to rule them all: a "scout-as-a-service" marketplace.
The famed scout programme from US VC firm Sequoia has launched in Europe. We meet the scouts.
Founders are extraordinarily busy, even for their own investors. A decade ago, they might have had relationships with a handful of VC partners as they scaled their businesses and raised additional rounds of capital.
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