Stepchange invests in ambitious companies building software to accelerate energy abundance and upgrade critical infrastructure.

Stepchange is co-founded by Ben Eidelson (ex-Stripe, Google) and Anay Shah (ex-Remitly, Tala), operators turned investors who have founded, scaled, and sold software companies. Fund I is backed by over 100 investors—primarily founders and product leaders across the tech and energy ecosystems.

Get in touch: [email protected]

<aside> 🎧 Listen to our new podcast, Stepchange.show

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Who we are

Why software products

The energy transition is the greatest opportunity of our generation, and there is an unparalleled allocation of capital that has just begun. While some sectors need new research and invention—most emissions categories already have solutions that we simply need to deploy faster.

Exceptional products are essential for driving energy abundance and adapting to a changing climate. We are in the midst of the largest upgrade in modern society, and software is our greatest lever to deploy faster. We need new software tools, financial products, and API layers that propel consumers, businesses, and institutions to upgrade faster than we normally might. We need new ways to harden and grow our essential infrastructure.

The startups that sit at the center of this transition will be some of the most valuable companies of our generation.

<aside> 👉 For a deep dive on the role of software in climate see: Guide to Software in Climate Tech

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Stepchange invests in four primary sectors that are ready for venture scale deployment:

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Portfolio