# Stepchange

Stepchange is a Private Equity based in Seattle, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** stepchange.vc
- **LinkedIn:** https://www.linkedin.com/company/stepchange-japan

## About

Stepchange invests in ambitious companies building software to accelerate energy abundance and upgrade critical infrastructure. The team are operators turned investors with experience starting, scaling, and exiting software companies. They combine product, go-to-market, and company building expertise with deep founder empathy to help companies from the beginning.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- AI/ML
- ClimateTech
- PropTech
- Mobility & Transportation

## People

- Stephanie Hannon — Strategic Advisor
- Ari Steinberg — Strategic Advisor
- Ian Wong — Strategic Advisor
- Bradley Horowitz — Strategic Advisor
- Jessyn Farrell — Strategic Advisor

## Questions

### Who runs investment decisions at Stepchange?

Stepchange has not publicly disclosed its general partners or investment committee. The firm's website emphasizes its strategic advisors — including Ari Steinberg, former Director of Engineering at Airbnb and Facebook, and Ian Wong, co-founder and CTO of Opendoor — as the operational core that supports portfolio companies, but final decision-making authority resides with unnamed principals.

### What investment stages does Stepchange typically target?

Stepchange focuses on early-stage, seed, and start-up venture rounds, per its Altss research profile. Its portfolio companies are predominantly pre-revenue or early-revenue technology firms building software for heavily regulated physical-world problems — grid interconnection, EV charging infrastructure, and building electrification.

### Which sectors does Stepchange explicitly avoid?

Stepchange's thesis positively selects for infrastructure-adjacent software. By negative implication, it avoids sectors disconnected from physical critical infrastructure — consumer social platforms, pure enterprise SaaS with no industrial interface, and biotech are absent from its public portfolio of 22 companies, all of which touch transportation, the built environment, energy transition, AI infrastructure, earth intelligence, or resilience.

## Related profiles

- [Step Ahead Capital](https://altss.com/profile/step-ahead-capital)
- [Stephen F. Austin State University Foundation](https://altss.com/profile/stephen-f-austin-state-university-foundation-sfasu)

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Last updated: 2026-08-11T15:08:11.274Z

Canonical page: https://altss.com/profile/stepchange

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology