Seattle’s New Venture Fund Speeds Climate Tech Adoption

Seattle Tech Vet Launches Climate Venture Capital Fund

Seattle tech veteran Ben Eidelson is making a bold move to tackle climate change. Eidelson, who has previously sold startups to tech giants Google and Stripe, has launched a new venture capital fund called Stepchange. This fund is focused on backing software-driven solutions for accelerating the deployment of carbon-cutting technologies. Stepchange has already invested in four startups and is on track to close a $3 million inaugural fund. The fund aims to distribute the dollars to 20 or more startups within a year to 18 months, with the goal of quickly seeing how the investments play out and learning what successful founders need next.