A new venture fund in Seattle called Stepchange has been established with the aim of speeding up the adoption of climate technologies that slash carbon emissions. The fund has already invested in four startups and is on track to close a $3m inaugural fund. Investing in pre-seed and seed companies, Stepchange offers checks of between $100,000 and $200,000, and it plans to distribute funds to 20 or more startups over the next 12 to 18 months. In addition to financial support, the fund will offer the expertise of Ben Eidelson, the new investment vehicle’s lead, who has extensive experience within the technology sector.
Seattle’s Game-Changing Fund Powers Climate Tech Advancement and Carbon Reduction
Latest from Blog
Embrace the Sun: Accelerate Joint Ventures with Capital Boost
TLDR: Cherish Sunshine International Limited has announced a capital increase for JV Company I, with partners Chenghui New Energy and Jiangyin Daxiang contributing additional funds. However, the financial results of JV Company
African Startups with Multi-Million Dollar Exits: Paystack & More
TLDR: A new study has found that eating nuts may play a key role in preventing weight gain Researchers analyzed data from over 280,000 adults and found that those who ate nuts
Revolutionizing Venture Capital: AI and Crypto Unite for Decentralization
TLDR: AI and crypto are revolutionizing venture capital and finance. Decentralized platforms are changing how investments are made. Article Summary: The article explores the intersection of artificial intelligence (AI) and cryptocurrency in
Why Dash Gets the Green Light Over Ethereum and Layer-2s
TLDR: Layer-2 scaling solutions for Ethereum are gaining popularity but are facing concerns about centralization and security flaws. VC founder Justin Boons criticizes Ethereum and its layer-2 platforms, endorsing Dash for prioritizing
Stable Investments on the Rise in Latin America
TLDR: Lavca reports stable investment levels in Latin America, with over US$1.7bn invested in 217 deals during 1H24. The region has seen a shift towards local fund managers investing in startups. Lavca,