Regeneration.vc

General Partners Dan Fishman and Michael Smith lead the investment committee. The firm pairs its GPs with a deep bench of operating partners and a strategic advisory board that includes Leonardo DiCaprio, circular-economy pioneer William McDonough, and former NATO Supreme Allied Commander Gen. Wesley Clark. This structure blends venture-operating experience with access to materials-science and consumer-brand expertise.

Deal flow runs through three channels. The firm cultivates relationships with research universities and materials-science labs that produce spinout-ready circular-economy IP. Its brand venture studio, Squared Circles, originates and incubates consumer companies internally. A third channel comes from the advisory network — executives like former Bonobos founder Andy Dunn and sustainability leads at global consumer brands surface companies that need catalytic capital to move from lab to commercial supply chain.

Regeneration.vc is a venture capital firm, not a single-family office. It raises limited-partner capital from external institutional and individual backers. The firm is explicitly thesis-driven rather than silent-capital: it leads rounds, takes board seats, and uses a proprietary “CRISP” framework mapped to international sustainability standards to evaluate every investment.

The firm invests at Seed and Series A, with check sizes of $1–3M per round. It looks for the “moment of inflection” — after a venture has validated its technology in a lab or pilot environment but before it has secured shelf space at major retail. The fund explicitly seeks companies that can reach scale with less than $100M in total equity, favoring capital-efficient hardware and software models over capital-intensive deep-tech infrastructure plays.

The firm does not invest in enterprise SaaS, fintech, or traditional B2B marketplaces unless the technology directly alters a consumer-goods supply chain’s material or energy footprint. It also stays away from capital-heavy energy-generation infrastructure — solar farms, wind parks, grid-scale battery storage — and carbon-accounting software that lacks a physical-material intervention. The mandate requires a measurable impact on a physical consumer value chain.

Squared Circles is the firm’s in-house brand venture studio, operating as a distinct-but-adjacent vehicle that incubates regenerative consumer brands from concept to company. It serves as both a source of proprietary deal flow for the main funds and a laboratory for testing the firm’s thesis that brand-led demand can pull circular materials through commercial supply chains faster than supplier-led push.

Regeneration.vc is not a family office and does not manage a single wealth origin. It is a conventional venture capital partnership backed by limited partners. The public names attached to the firm — most visibly Leonardo DiCaprio — contribute strategic influence and network access rather than constituting a primary source of invested capital.