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
![](https://funderlyst.com/wp-content/uploads/2023/09/Venture-Capital-Funding_-From-Pitch-to-Payoff.jpg)
Latest from Blog
![](https://funderlyst.com/wp-content/uploads/2023/09/Top-VC-Funded-Industries-in-2023.jpg)
Stealthy VC Acquiring Prime SF Property Launches Restaurant Startup Hub
TLDR: VC Neil Mehta is acquiring properties on San Francisco’s Fillmore Street. He plans to create an innovative dining and shopping experience by launching a “Y Combinator for restaurants.” Neil Mehta, a
![](https://funderlyst.com/wp-content/uploads/2023/09/The-Role-of-Slide-Decks-in-VC-Meetings.jpg)
Shaping the Future: Top 4 Venture Capital Climate Companies
TLDR: Climate tech funding declined in Q2 2024, with fewer large deals and no new unicorns. Top venture capital climate companies like SOSV, Global Brain, Lowercarbon Capital, and Breakthrough Energy Ventures are
![](https://funderlyst.com/wp-content/uploads/2023/09/Utilizing-Data-Analytics-in-VC-Decisions.jpg)
Vibrant City halts fundraising efforts for new project
TLDR: Key Points: Colorful Capital, focusing on LGBTQIA+-identifying founders, is stopping attempts to raise a fund. The firm faced challenges in raising funds, with only four investments made since its launch. Colorful
![](https://funderlyst.com/wp-content/uploads/2023/09/Building-Strong-Relationships-with-VCs.jpg)
Piva Capital Welcomes Larson to Investment Team
TLDR: Piva Capital has added Larson to its investment team. Larson previously led the environmental impact due diligence team for TPG Rise Climate. Piva Capital, a venture capital firm, has announced the
![](https://funderlyst.com/wp-content/uploads/2023/09/The-Lifecycle-of-a-Start-Up.jpg)
ARK Venture Fund Supports Gatik AI’s Self-Driving Truck Fleet
TLDR: ARK Venture Fund invests in Gatik AI, a company specializing in autonomous truck fleet for short-haul logistics. Investment shows growing interest in autonomy and commercial applications in the tech sector. ARK