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Capricorn Investment Group

Palo Alto, CACAPRICORN-INVESTMENT-GROUP
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Dossier Summary

Jeff Skoll's investment firm focused on technology, sustainability, and strategic sectors.

Classification
Slugcapricorn-investment-group
HQPalo Alto, CA
Stage FocusSeries A to growth stage investments in climate tech, agt…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Capricorn is one of the OG climate tech funds that survived the cleantech 1.0 crash and learned hard lessons about market timing and technology readiness. They're legitimately thesis-driven rather than just trend-chasing, but this means they can be slow to move on deals outside their wheelhouse. Their partners have real operational experience and corporate connections that matter for B2B climate companies. The downside is they can be overly conservative on valuations and sometimes miss fast-moving opportunities while they're doing extensive diligence on market dynamics.

KEY TAKEAWAYS
  • Best for: B2B climate tech with clear corporate customer paths
  • Watch out for: Conservative on valuations, slow decision-making
  • Known for: Surviving cleantech 1.0 crash with valuable lessons learned
Investment Thesis

Tech-enabled solutions that address critical sustainability challenges, particularly in climate, water, and sustainable agriculture. They focus on companies that can deliver both financial returns and measurable environmental impact at scale.

Stage & Sector Focus

Series A to growth stage investments in climate tech, agtech, water tech, and clean energy. Heavy focus on B2B software and hardware solutions that can scale rapidly in industrial markets.

Notable Portfolio
TeslaSolarCityNestBloom EnergyOpowerSilver Spring NetworksBetter PlaceBrightSource Energy
Key Partners
Lon Bell
Founding Managing Director

Former JPMorgan investment banker turned climate tech evangelist. Known for taking big swings on transformational companies and having deep relationships with corporates who can be strategic partners or acquirers.

Rick Needham
Partner

Former Google energy czar who led their renewable energy initiatives. Brings serious corporate development chops and knows how to navigate big tech partnerships for portfolio companies.

Dan Goldman
Managing Director

Ex-Goldman Sachs banker with deep cleantech expertise. Reputation for being highly analytical and helping companies think through complex financing structures and go-to-market strategies.

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