Key Takeaways
- • A coalition of 14 venture capital and growth equity firms collectively managing $60 billion in assets has launched the "All Aboard Coalition" to address the funding gap for climate tech startups seeking to reach commercial scale.
- • The initiative includes a $300 million fund designed to bridge the "valley of death"—the critical stage where early-stage companies are too large for seed-stage VCs but too risky for late-stage institutional investors.
- • Key participants include Breakthrough Energy Ventures, Khosla Ventures, DCVC, Ara Partners, Clean Energy Ventures, and nine additional established climate and venture investment firms, signaling institutional conviction in the climate tech sector.
- • Chris Anderson, curator of TED Conferences, is spearheading the coalition with the stated goal of developing "the next Microsofts and Nvidias of the climate era" by providing co-investment capital alongside coalition members' individual funds.
- • The coalition aims to accelerate clean energy and decarbonization technology companies toward global commercial scale, addressing what organizers describe as a systemic funding shortfall for companies capable of building a low-emissions global economy.
Summary
A consortium of 14 leading venture capital and growth equity firms announced the launch of the All Aboard Coalition on September 8, 2025, establishing a collaborative $300 million fund dedicated to scaling climate technology and decarbonization startups. The coalition, collectively managing more than $60 billion in assets, was spearheaded by Chris Anderson, the curator and former head of TED Conferences, and includes prominent climate-focused and generalist investment firms such as Breakthrough Energy Ventures, Khosla Ventures, DCVC, Ara Partners, Clean Energy Ventures, Congruent Ventures, Energy Impact Partners, Future Ventures, Gigascale Capital, NGP Energy Capital Management, Obvious Ventures, Prelude Ventures, and Spring Lane Capital.
The initiative directly targets what the coalition identifies as the "valley of death" in climate tech financing—a critical funding stage where companies have outgrown seed-stage venture capital investment capacity but remain too commercially unproven or operationally risky for traditional late-stage private equity and growth investors. Anderson framed the funding gap as a systemic threat: "One of the biggest threats to the world's future is that the companies capable of building a healthy low-emissions global economy are simply not getting the funding they urgently need. The only way to fix this is through collective action."
By pooling capital and coordinating co-investments through the All Aboard Fund alongside individual members' independent investment programs, the coalition aims to provide the mid-stage capital infusion necessary for clean tech companies to achieve commercial viability and scale. Stan Miranda, Founder of Partners Capital and All Aboard Co-founder, emphasized the coalition's market signaling function: "The All Aboard Coalition's commitment—together with co-investment from the All Aboard Fund—sends a strong signal to the wider climate-tech investment community: these are the companies that will define the future." The coalition explicitly positions its objective as developing transformative climate technology companies capable of cutting carbon emissions by gigatons—language suggesting conviction in the deployment-stage potential of portfolio companies.
The initiative directly targets what the coalition identifies as the "valley of death" in climate tech financing—a critical funding stage where companies have outgrown seed-stage venture capital investment capacity but remain too commercially unproven or operationally risky for traditional late-stage private equity and growth investors. Anderson framed the funding gap as a systemic threat: "One of the biggest threats to the world's future is that the companies capable of building a healthy low-emissions global economy are simply not getting the funding they urgently need. The only way to fix this is through collective action."
By pooling capital and coordinating co-investments through the All Aboard Fund alongside individual members' independent investment programs, the coalition aims to provide the mid-stage capital infusion necessary for clean tech companies to achieve commercial viability and scale. Stan Miranda, Founder of Partners Capital and All Aboard Co-founder, emphasized the coalition's market signaling function: "The All Aboard Coalition's commitment—together with co-investment from the All Aboard Fund—sends a strong signal to the wider climate-tech investment community: these are the companies that will define the future." The coalition explicitly positions its objective as developing transformative climate technology companies capable of cutting carbon emissions by gigatons—language suggesting conviction in the deployment-stage potential of portfolio companies.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.