Stepchange Ventures

Stepchange Ventures is a venture capital firm based in Seattle, Washington, founded in 2023. The firm focuses on early-stage investments in software product-led companies that aim to create a positive impact on the climate. By targeting innovative businesses that prioritize sustainability, Stepchange Ventures seeks to support the development of solutions that address environmental challenges while fostering growth in the tech sector.

Ben Eidelson

Co-Founder and General Partner

3 past transactions

CapeZero

Seed Round in 2025
CapeZero is a software-as-a-service company specializing in financial technology solutions for clean energy projects. Its platform enables counterparties, including developers, investors, and advisors, to efficiently evaluate and navigate structured tax credit investments, such as tax equity and transferability. By providing real-time, profit-optimizing analysis, CapeZero facilitates informed decision-making and accelerates the development of renewable energy projects.

Bayou Energy

Pre Seed Round in 2024
Bayou Energy is a technology company that specializes in providing a software platform aimed at supporting clean energy startups. The platform streamlines the customer billing experience by offering electricity billing and usage data through API or CSV files. By automating customer interactions with utility web portals and integrating modern fintech tools, Bayou Energy enables its clients to enhance profitability and optimize operational efficiency. This allows clean energy startups to focus on their core business activities while benefiting from accurate utility data and a seamless onboarding process.

Rhizome

Rhizome operates an AI-driven climate resilience platform that assists electric utilities in assessing climate risks with high precision. The platform quantifies the economic and social impacts of infrastructure investments aimed at bolstering climate resilience for both communities and businesses. By identifying vulnerabilities to climate threats and measuring the benefits of grid-enhancing projects, Rhizome enables its clients to mitigate the costs associated with damage and recovery from extreme weather events. Additionally, the platform supports clients in justifying public projects to policymakers, potentially increasing local infrastructure spending and enhancing access to federal grant funding. Through its innovative solutions, Rhizome aims to protect communities and businesses from the increasing challenges posed by climate change.
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