Stepchange Fund I

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.

Investment Focus

Location / RegionUnited States

Funding StagePre Seed

Industry Focus

Ai Ml

Climate Sustainability

Ecommerce

Mobility Transport

Investor Signals Profile

active

Sweet Spot

Software founders accelerating energy abundance or critical infrastructure

energy transition

critical infrastructure

B2B software

AI infrastructure

earth intelligence

Bullish Signals

20 portfolio cos across 6 sectorsexternal

Operators-turned-investors, deep domain edgeexternal

Focus: energy, AI infra, resilienceexternal

Podcast: thought leadership on infra historyexternal

6 sectors: broad infra coverageexternal

Podcast covers coal, data centers, gridexternal

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

Key GPs & Partners

Ben (Last Name Unknown)

General Partner

operator-turned-investorinfrastructure-focused

Anay (Last Name Unknown)

General Partner

operator-turned-investorinfrastructure-focused

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Fund Overview

Fund Size$7M

Saves0

Website

Key People

Ben Eidelson, Anay Shah

Ben (Last Name Unknown)General Partner

Anay (Last Name Unknown)General Partner