Ponderosa Ventures is an early-stage climate venture capital firm investing $100k–$750k in pre-seed and seed-stage companies transforming food, agriculture, oceans, and forestry. It is a strategy of Galvanize Climate Solutions and was co-founded in 2019 by Evi Steyer and Tom Steyer. The firm is headquartered in New York and invests globally.
38% of their portfolio is in Food & Agriculture. Deal activity decreased year-over-year (1 deal in the last 12 months vs 4 prior). Their most common stage is seed (72% of deals). Average disclosed round size is $6.4M (across 23 rounds with reported amounts).
Portfolio
30
Fund Size
$21.7M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
32 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Mondra | Series A | — | Oct 2025 |
 Verdi | Seed | — | May 2025 |
 Hoofprint Biome | Series A | $15M | Apr 2025 |
| Verdi | Seed | — | Jan 2025 |
 Everest Carbon | Seed | $3M | Dec 2024 |
 CREW Carbon | Seed | $5.3M | Oct 2024 |
 Circe Bioscience | Seed | $5M | Sep 2024 |
| CCirce Biosciences | Seed | $5M | Sep 2024 |
| PPlonts | Seed | $12M | Aug 2024 |
 Uncaged Innovations | Seed | $5.6M | Jul 2024 |
 CroBio | Seed | — | Apr 2024 |
 Carbonfarm | Seed | — | Oct 2023 |
 Snofox | Seed | $4.5M | Aug 2023 |
 Natrx | Seed | $3.5M | Jan 2023 |
 Muddy | Seed | $1.8M | Aug 2022 |
 Muddy Machines | Seed | — | Aug 2022 |
 Concert Bio | Pre-Seed | $1.7M | Aug 2022 |
 TERRANOVA | Seed | $7M | — |
 Umaro Foods | Growth | $3.8M | — |
 Ascribe Bioscience | Series A | $12M | — |
| Ascribe Bioscience | Seed | — | — |
 Soil Action | Seed | $5.3M | — |
 Cerve | Seed | — | — |
 Concert Bio | Pre-Seed | $1.7M | — |
| SSnoFox Sciences | Seed | $4.5M | — |
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Top Co-Investors
Echo River Capital5 shared
Carbon Drawdown Initiative3 shared
ReGen Ventures3 shared
One Small Planet3 shared
Jetstream3 shared
ANIMO Ventures2 shared
Counteract2 shared
Connecticut Innovations2 shared
Day One Ventures2 shared
The Venture Collective2 shared
Possible Ventures2 shared
Nucleus Capital2 shared
Lowercarbon Capital2 shared
AccelR82 shared
SOSV2 shared
Alexandria Venture Investments2 shared
Safar Partners2 shared
Bee Partners2 shared
Exceptional Capital2 shared
Carbon Removal Partners2 shared
Last updated: 20 October 2026