At One Ventures raises $150m for inaugural fund

At One Ventures has closed its debut fund at $150 million.

At One Ventures has closed its debut fund at $150 million. The San Francisco-based venture firm is focused on planet-positive technologies.


San Francisco, California – WEBWIRE – Thursday, October 14, 2021
At One Ventures, the planet-positive VC firm, launched by Google X co-founder Tom Chi, has closed $150 million in capital for its first Fund. The firm finds, funds, and grows early-stage companies to catalyze a world where humanity is a net positive to nature, and has already done so through 21 investments. At One Ventures’ LPs include top executives from Silicon Valley, like-minded corporate venture capitalists from industries the firm is looking to disrupt, and financially savvy high-net-worth individuals and institutions that care about the future of our planet.

At One Ventures is led by founder and managing partner Tom Chi, the former Head of Experience and founding member of Google X who helped scale the company from 6 people to 600, partner Laurie Menoud who co-led VC for BASF in North America and launched a dozen deep-tech companies at research institute SRI International, and principal Helen Lin who has two decades of experience in M&A and operations spanning four continents, including the design of innovative digital financial products for base of the pyramid customers in Africa. With a combination of technical, scientific, and financial expertise, the At One Ventures’ team is uniquely equipped to scale high-potential deep-tech companies. Over the next ten years, At One Ventures wants to invest over $1 billion in emerging innovators poised to upend the traditional industries that are the largest contributors to climate change.

“At One Ventures’ work stems from a passion for rebuilding our current economic infrastructure to empower humanity to repair our ecosystems and climate,” said Tom Chi, founder and managing partner at At One Ventures. “We should also presume that the vast majority of current industries (built on unsustainable premises) will need to shut down far faster than we have projected. A willingness to face the magnitude of the planetary situation must prevail. By enabling old industries to persist without radical changes, we may protect 1,000 jobs, but at the cost of 10,000 lives,” said Tom. “Our mission is to care about life on this planet first, and reform the outdated industries with this new foundational understanding.”

Currently, global warming is a code red for humanity. Even the most ambitious emissions abatement scenarios are unlikely to prevent global warming of 1.5 degrees Celsius above pre-industrial era temperatures by 2040. In other words, it is already too late to rely on abatement alone. To avoid our planet becoming uninhabitable, humans need to pay down our 1 trillion ton carbon debt in the atmosphere and repair, rehabilitate, and regenerate our world.

At One Ventures aims to hit the “Reset” button on old industries that jeopardize the future of our planet by scaling new technologies to build industries in planet-compatible ways. Some of the firm’s bets include robotic indoor farming (Iron Ox), automated ecosystem restoration (Dendra), low-emission HVAC (Gradient), 3D-printing construction (Apis Cor), zero wastewater textile dyeing (Alchemie Technology), and earth digestible foam packaging (Cruz Foam), — all of which are committed to becoming the planet-compatible industry standard.

“Tom is a brilliant and driven investor who delved into really understanding our product, Cruz Foam, which is refreshing and unusual within the VC space. The whole At One Ventures team is equally passionate about redefining our relationship with nature to give future generations an Earth they’d want to live on. I’m extremely thankful to have At One Ventures’ support as I grow my company into a solution that will revolutionize the consumer packaging industry,” said John Felts, Co-founder, and CEO at Cruz Foam, which makes earth digestible foam packaging.

About At One Ventures
At One Ventures is a venture capital firm based in San Francisco, focused on planet-positive technologies. Led by a team of scientific and financial experts, the firm was founded by Tom Chi, former Head of Experience and founding member at Google X. At One Ventures finds, funds, and grows deep-tech startups to catalyze a world where humanity is a net positive to nature. To date, At One Ventures has invested in 21 startups, including Iron Ox, Dendra, Gradient, Apis Cor, Alchemie Technology, and Cruz Foam.
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