Seattle’s Game-Changing Fund Powers Climate Tech Advancement and Carbon Reduction

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.