Key Takeaways
- • Pulse Fund closed its inaugural venture capital fund at $63M, targeting early-stage climate technology companies across energy transition, infrastructure, food and agriculture, and mobility sectors.
- • The fund applies a systems-level investment thesis that maps interconnections between four high-growth climate sectors, betting that single-sector investors misprice opportunities at sector intersections (e.g., battery breakthroughs expanding electric mobility addressable markets).
- • Founder and Managing Partner Tenzin Seldon, a climate investor with two decades of experience building and scaling climate technologies, leads the firm and positions the fund as capturing value from what he characterizes as "the largest capital reallocation in history."
- • The investor syndicate includes institutional capital, corporate investors, multi-family offices, and strategic backers including Beneficient (Nasdaq: BENF), C6 Partners, Pivotal Foundation, the Pritzker family, Veronica Chou (Novel Fashion Holdings), David Osborn (DRO Investments), and an unnamed Asian sovereign wealth fund.
Summary
Pulse Fund announced the close of its inaugural venture capital fund on September 18, 2026, with $63 million in committed capital. The Los Angeles-based fund focuses on early-stage, scalable climate technology companies positioned at the intersection of multiple high-growth sectors rather than within single market verticals.
The fund's differentiated investment thesis centers on systems-level analysis across four interconnected sectors: energy transition, infrastructure, food and agriculture, and mobility. According to Founder and Managing Partner Tenzin Seldon, Pulse identifies market mispricings by mapping how breakthroughs in one sector ripple across others—for example, how a battery technology advancement expands the addressable market for electric vehicles, which in turn redirects infrastructure spending. This cross-sector approach is designed to surface investment opportunities before single-sector-focused managers recognize their full value.
Seldon brings two decades of experience building and scaling climate technologies to the role. In his statement on the fund close, he framed the investment opportunity within a macro context, describing the current moment as "the beginning of the largest capital reallocation in history" and positioning Pulse as positioned to capitalize on capital flows driven by the energy transition and related climate imperatives.
The fund's backer syndicate reflects both institutional and strategic diversity. Anchoring the investor base are established institutions and family offices including the Pritzker family and a sovereign wealth fund based in Asia, alongside corporate strategic investors. Notable individual backers include Veronica Chou, Director of Novel Fashion Holdings, and David Osborn of DRO Investments. Public company Beneficient (Nasdaq: BENF) and investment firm C6 Partners also committed capital, alongside Pivotal Foundation. This mix of institutional, corporate, and family office capital suggests confidence in Seldon's thesis among sophisticated climate-focused investors.
The $63M inaugural close positions Pulse to deploy capital into a nascent cohort of climate-focused founders, with the stated mandate to identify entrepreneurs who perceive sector interconnections before the broader market recognizes them.
The fund's differentiated investment thesis centers on systems-level analysis across four interconnected sectors: energy transition, infrastructure, food and agriculture, and mobility. According to Founder and Managing Partner Tenzin Seldon, Pulse identifies market mispricings by mapping how breakthroughs in one sector ripple across others—for example, how a battery technology advancement expands the addressable market for electric vehicles, which in turn redirects infrastructure spending. This cross-sector approach is designed to surface investment opportunities before single-sector-focused managers recognize their full value.
Seldon brings two decades of experience building and scaling climate technologies to the role. In his statement on the fund close, he framed the investment opportunity within a macro context, describing the current moment as "the beginning of the largest capital reallocation in history" and positioning Pulse as positioned to capitalize on capital flows driven by the energy transition and related climate imperatives.
The fund's backer syndicate reflects both institutional and strategic diversity. Anchoring the investor base are established institutions and family offices including the Pritzker family and a sovereign wealth fund based in Asia, alongside corporate strategic investors. Notable individual backers include Veronica Chou, Director of Novel Fashion Holdings, and David Osborn of DRO Investments. Public company Beneficient (Nasdaq: BENF) and investment firm C6 Partners also committed capital, alongside Pivotal Foundation. This mix of institutional, corporate, and family office capital suggests confidence in Seldon's thesis among sophisticated climate-focused investors.
The $63M inaugural close positions Pulse to deploy capital into a nascent cohort of climate-focused founders, with the stated mandate to identify entrepreneurs who perceive sector interconnections before the broader market recognizes them.
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