Prelude Ventures poaches Eggers from Breakthrough

• Eggers was previously a partner at Breakthrough Energy Ventures
• He also held operating roles at Tesla, Sunrun and Bloom Energy
• Prelude targets early-stage startups with a focus on climate change

Prelude Ventures, an early-stage firm focused on climate-related investments, has named Matt Eggers as a managing director. Eggers was previously a partner at Breakthrough Energy Ventures where he led investments in early stage climate tech companies.

In his new role at Prelude, Eggers is expected to focus on growing the firm’s investment portfolio and building companies that will mitigate climate impact.

“Investing in climate tech startups isn’t just about ‘disrupting’ the world but improving it for generations to come,” Eggers said in a statement. “I believe, like my colleagues at Prelude Ventures, that climate change is the greatest challenge human civilization has faced, and that the transition to a low-carbon economy is the greatest investment opportunity of this century.”

Gabriel Kra, Prelude co-founder and managing director, added, “Matt’s extensive experience and track record will enhance our team. As a proven partner to founders, working closely to build enduring, iconic, and profitable companies, coupled with shared values and deep passion which align perfectly with Prelude’s, our collective efforts will propel us all towards finding meaningful solutions to combat and ultimately solve the climate crisis.”

In addition to his experience at Breakthrough, Eggers held operating roles for about 25 years at a variety of companies, including Tesla, Sunrun, Bloom Energy, Yardi Systems and Genentech. He was also part of the executive leadership team at Sunrun.

Based in San Francisco, Prelude has approximately $2 billion under management.