Stepchange

Emerging manager

Built from this firm's Form D filings. The firm files no SEC adviser report.

Website: https://www.stepchange.vc
HQ: WA

Stepchange is a venture firm that invests in ambitious companies working to accelerate energy abundance and upgrade critical infrastructure. Anay Shah is a co-founder and managing partner at the firm.

01 · Says / Does

Tag	Says	Does
Stages	Not stated	Not enough dated deals
Sectors	AI infra, Energy, Mobility, Logistics, Construction and proptech	Not enough dated deals
Regions	Not stated	Not enough dated deals

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

02 · Fund history

Fund	Year	Size	Status
Stepchange Fund I, LP Stepchange invests in ambitious companies accelerating energy abundance and upgrading critical infrastructure, across sectors including transportation, built environment, energy transition, AI infrastructure, earth intelligence, and resilience. Inferred from the firm's website	2023	$7.23M (Form D)	Open, writing first checks

03 · People across funds

Stepchange Fund I GP, LLC N/A, General partner of the Issuer
Stepchange Fund I, LP (Named on Form D)
Stepchange Ventures, LLC N/A, Manager of the general partner of the Issuer
Stepchange Fund I, LP (Named on Form D)
Anay Shah, Co-founder & Managing Partner
Stepchange Fund I, LP (Team)

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026