United States · Investor

Stepchange

Last cheque observed Jan 2026; 3 cheques on record.

Email

VC firmDeploying nowNew fund $7.2M, Jun 2025

SeedSeries ATransportationBuilt EnvironmentEnergy Transition

Deploying now
67%of best year2cheques in 12 months, 3 on record
Since the last cheque308days00hrs00min00sec
Median round$9.3MRounds led0 of 3
Pitch Stepchange

Stepchange highlights

  1. 01

    2 cheques in the last 12 months

  2. 02

    Mostly Seed and Series A: 100% of its rounds

What they do

Stepchange invests in ambitious companies building software to accelerate energy abundance and upgrade critical infrastructure.From their own website
Type
VC firm
Cheque size
Not stated
Sectors
TransportationBuilt EnvironmentEnergy Transition
Based in
United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first3 appearances

  1. 2026

    1 round

  2. Jan
    LucendSeed · NL · Golden Egg Check$3.3MWith 6 others
  3. 2025

    2 rounds

  4. Dec
    Lemurian LabsSeries A · US · Firms' own news pages$28MWith 15 others
  5. Jul
    NevoyaSeed · US · TechCrunch$9.3MWith 7 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 3 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Recently backed

The latest companies Stepchange put money into.

Lucend$3.3M · Jan 2026Lemurian Labs$28M · Dec 2025Nevoya$9.3M · Jul 2025

Quick answers about Stepchange

What does Stepchange invest in?

Stepchange invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Transportation, Built Environment and Energy Transition.

How active is Stepchange?

3 investments on record, 2 of them in the last 12 months. The most recent was in Jan 2026.

What has Stepchange invested in recently?

Its most recent investments on record: Lucend (Seed, Jan 2026), Lemurian Labs (Series A, Dec 2025) and Nevoya (Seed, Jul 2025).

How big are Stepchange's cheques?

The median round it joins is $9.3M.

Is Stepchange investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

What kind of investor is Stepchange?

Stepchange is a VC firm based in United States.

Has Stepchange raised a new fund?

Its latest fund filing with the SEC was in Jun 2025, reporting $7.2M raised.

Where does this information on Stepchange come from?

From 4 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it