# BeyondNetZero

BeyondNetZero is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States; London, United Kingdom
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** beyondnetzero.com
- **LinkedIn:** https://www.linkedin.com/company/beyondnetzero

## Regulatory record

- **Reports private funds:** No

## About

BeyondNetZero invests in growth companies within the climate solution sector, focusing on decarbonization, energy efficiency, and emissions management. The firm was founded in 2021 and is based in New York. It has made 11 investments, including a December 22, 2025, investment in Venterra Group.

## Sectors

- ClimateTech
- Energy Transition & Renewables
- Industrial Tech
- AgriTech & FoodTech

## Offices

- London, United Kingdom

## People

- Munjal Shah — Co-Founder
- Rick Frommer — Co-Founder and Managing Director
- David St. Jean — Managing Director

## Questions

### Who are the key investment decision-makers at BeyondNetZero?

BeyondNetZero is led by co-founders Munjal Shah and Rick Frommer. Shah brings a background in climate investing and corporate strategy at IBM, while Frommer has experience in venture capital and growth equity. The firm also has managing directors such as David St. Jean, who help source and evaluate deals across North America and Europe (public record).

### How does BeyondNetZero source its deal flow?

The firm sources deal flow through a network of corporate partners, industry conferences, and direct outreach to climate startups. It also leverages relationships with energy, industrial, and transportation companies to identify technologies that can be integrated into existing supply chains. Co-investments with other climate funds and family offices are common (public record).

### Which sectors does BeyondNetZero explicitly avoid?

The firm avoids software-only climate solutions, such as carbon accounting or offset marketplaces, in favor of hardware and infrastructure technologies. It also does not invest in fossil-fuel-based energy, nuclear power, or large-scale hydroelectric projects. Its focus is on breakthrough technologies that directly reduce or remove greenhouse gas emissions.

### What is BeyondNetZero's known posture on co-investments?

BeyondNetZero frequently co-invests with other climate-focused funds, corporate venture arms, and growth equity firms. Its portfolio companies have received backing from investors such as Microsoft's Climate Innovation Fund, Temasek, and other climate specialists. Co-investments allow the firm to share risk and provide portfolio companies with broader networks (public record).

### How does BeyondNetZero relate to other climate investment vehicles?

BeyondNetZero is a standalone venture firm, distinct from vehicles like Breakthrough Energy Ventures (backed by Bill Gates) or the Climate Pledge Fund (Amazon). It focuses specifically on growth-stage, capital-intensive climate technologies, often in sectors like carbon capture, sustainable fuels, and industrial decarbonization. It does not have a direct parent or spinout relationship with any larger organization.

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- [Blue Water Angels](https://altss.com/profile/blue-water-angels)
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Updated: 2026-06-03T20:00:00.000Z

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