Lowercarbon Capital

Lowercarbon Capital Research Document Investment Thesis Lowercarbon Capital backs "kickass companies" that make real money slashing CO₂ emissions, sucking carbon out of the sky, and buying humanity time to decarbonize the planet. Founded in 2018 by Chris Sacca and Crystal Sacca, the firm believes climate solutions must be economically viable businesses, not just feel-good projects. Their approach is pragmatic: fund technologies that are genuinely profitable while addressing the existential climate crisis. The firm organizes its investment thesis into three core pillars: 1. Slashing New CO₂ Emissions - Until new emissions hit zero, temperatures will keep rising. The firm funds technologies that reduce sources of carbon dioxide, methane, and other greenhouse gases across energy and transportation, industrial materials, and agriculture. 2. Sucking Up Carbon - Recognizing we cannot zero out historical emissions overnight, Lowercarbon invests heavily in carbon removal technologies. The global economy needs to suck at least a trillion tons of CO₂ out of the atmosphere by 2100. The fund has positioned itself as a leading investor in Direct Air Capture (DAC) and carbon removal. 3. Buying More Time - As climate impacts accelerate (rising temperatures, wildfires, droughts, storms), the firm also invests in climate adaptation and resilience technologies, including geoengineering solutions to potentially cool the planet if carbon removal breakthroughs don't arrive fast enough. Portfolio Strategy & Scale Lowercarbon Capital manages approximately $2.4 billion in assets under management across multiple funds, making it one of the largest climate-focused venture capital firms globally. The firm has invested in 207+ companies across its portfolio, demonstrating a substantial and diversified approach to climate tech investing. The portfolio is remarkably broad, spanning: Energy: Solar, wind, battery storage, grid technology, hydrogen, fusion Transportation: Electric vehicles (bikes, motorcycles, boats, planes, trucks), charging infrastructure Industrial Materials: Carbon-neutral cement, steel, chemicals, synthetic materials Agriculture & Food: Alternative proteins, sustainable fertilizers, precision agriculture Carbon Removal: DAC (Direct Air Capture), geological storage, nature-based removal, carbon credits/verification Climate Adaptation: Insurance, disaster prediction, resilience infrastructure Software & Services: APIs for climate financing, ESG tracking, energy management Notable portfolio companies include: Commonwealth Fusion Systems, Crusoe Energy, Solugen, Mill, Mosa Meat, Carbon Engineering, Twelve, Verdox, Charm Industrial, Isometric, Crux, Antora, Heart (electric aircraft), and over 150 others. Team & Leadership Leadership Structure: Partnership model with deep domain expertise Key Partners: Chris Sacca (Managing Partner, Co-founder) - Former head of Special Initiatives at Google, founder of Lowercase Capital (which backed Uber, Twitter, Instagram, Stripe). Named #2 on Forbes Midas List. Two-time Shark Tank cast member. Crystal Sacca (Founding Partner, Co-founder) - Co-founder of Lowercase Capital, deep expertise in venture capital and founder support Clay Dumas (General Partner) - Portfolio operations and founder support specialist Ryan Orbuch (Partner) - Deep expertise in climate tech and operations Shuo Yang (Partner) - Technical infrastructure and innovation Shawn Xu (Partner) - Capital deployment and deal sourcing Caie Kelley (Partner) - Climate tech sector expertise Lauren Faber O'Connor (Partner) - Portfolio strategy and founder support Dr. Scott C. Hsu (Fusion Partner) - Specialized expertise in fusion technology investments Additional Leadership: Christian Bjelland (Head of Capital Formation), Monique Guimond (Head of Portfolio Strategy), Melissa Waystack (Head of Finance), Alexandra Frumar (General Counsel), Kyle Taylor (Director of Product), and Principals Duncan Carlson, Eric Helfgott, Sidney Brown. Stage Focus & Check Size Stage Preferences: Seed through Series A, with selective Pre-Seed and Growth-stage investments Investment Sizes: Seed stage: Typical checks of $1M-$5M Series A: Typical checks of $5M-$15M+ The firm has capacity for larger checks and growth-stage follow-ons given its $2.4B AUM Investment Activity: Actively deploying capital with recent investments including Avalanche (January 2026), Getmobil $22M Series A (December 2025), Fuse Energy (December 2025), and multiple portfolio companies in active growth phases. Lead Tendency & Decision Process Lead Tendency: Leads - Lowercarbon actively leads rounds and has capacity to be solo or co-lead investor. Portfolio founder testimonials specifically praise the firm for leading their seed rounds and providing hands-on support. Decision Timeline: 1-2 months - As a mid-sized VC with deep expertise, the firm can move quickly on strong climate tech opportunities but conducts technical and market due diligence. Decision Process: Partnership-based with involvement of core partners and relevant specialists (e.g., fusion investments involve Dr. Hsu). Warm Introductions: Highly beneficial given founder-focused culture and preference for technical founders. Typical Involvement: Board seat or observer rights for seed/Series A investments. Hands-on portfolio support including technical mentorship, founder introductions, and ecosystem connectivity. Geographic Focus Primary: United States (SF Bay Area, New York, other tech hubs) Secondary: International expansion to high-impact climate markets including Brazil, India, Europe (UK, Germany), Israel Recent Activity & Fund Status Fund Status: Actively deploying - The firm is in active capital deployment mode Latest Initiatives: Launched Q>1 Fund in 2025 - Dedicated fusion-focused fund Raised second fusion-focused fund in November 2025 Expanding into emerging markets climate tech (Africa, India, Southeast Asia) Recent Notable Investments: 2025: Led multiple Series A rounds (Crux, Getmobil) 2025: Continued fusion fund deployment 2026: Portfolio company Avalanche (January) Founder Preferences & Investment Philosophy Based on portfolio composition and team backgrounds, Lowercarbon backs: Technical Founders - Former engineers from Google, Tesla, major labs Ambitious Problem Solvers - Teams tackling "crazy" scale problems Pragmatic Doers - Understanding business model and path to profitability Domain Expertise - Deep technical knowledge of their sector Hands-On Support: Portfolio founder testimonials unanimously praise the team's ability to provide technical mentorship, founder connections, product guidance, and early customer introductions. Ecosystem Building: The firm actively connects portfolio companies and leverages founder networks for syndication.