Fund profile / United States

Stepchange Fund I

Geography: United States
Stage: Pre-Seed
Fund size: $7M
Focus: AI/ML, Climate & Sustainability, E-Commerce and Mobility & Transport
Signals: Published

N°01 / About

About Stepchange Fund I

Stepchange Fund I is a venture capital firm based in United States, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, E-Commerce, Mobility Transport, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StagePre-Seed

Industry Focus

AI/ML

Climate & Sustainability

E-Commerce

Mobility & Transport

Investor Signals Profile

active

Sweet Spot

Software founders accelerating energy abundance or critical infrastructure

energy abundance

critical infrastructure

software-first

world upgrading

6-sector thesis

Bullish Signals

22 portfolio companies across 6 sectorsexternal

Operators-turned-investors, deep domain edgeexternal

Clear mission: world constantly upgradingexternal

Podcast: thought leadership on infra historyexternal

6 sectors: transportation, built env, energy, AI, earth intelligence, resilienceexternal

Podcast covers coal, data centers, gridexternal

Website confirms 22 companies, 6 sectors focuswebsite

Contrarian Signals

GP last names undisclosed on siteexternal

Narrow thesis — very sector-specificexternal

Minimal public info beyond websiteexternal

Founder Do's

Build software for energy or infrastructure

Show operator experience or domain depth

Target transportation, grid, or built environment

Play in earth intelligence or resilience sectors

Align with 'energy abundance' mission

Founder Don'ts

Avoid pure consumer or non-infra plays

Don't pitch hardware without software angle

Don't ignore sector fit — 6 sectors only

20 signals on Stepchange Fund I

7 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$7M

Saves0

Website

People

Key People

Ben Eidelson, Anay Shah

BenGeneral Partner

AnayGeneral Partner

N°04 / See also

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