Investor profile

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Equal Ventures

VC

USClimateFintechB2B SaaSEnterpriseMarketplaces

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Investment thesis

Equal Ventures is a thesis-driven, early-stage venture capital firm focused on "bridging the digital divide" by investing in founders deploying technology within legacy industries. The firm partners with founders and businesses at the deployment phase of technology adoption cycles, when innovations move from speculation-driven infrastructure plays to real-world, profitable business applications. Equal Ventures invests exclusively in four core sectors: Climate/Energy, Insurance & Benefits, Retail, and Supply Chain & Logistics. The firm makes high-conviction bets before they are consensus, believing that "conviction favors concentration over diversification." They conduct deep research and mapping of each sector's problems before investing, providing founders with native industry expertise and serving as all-in partners at the earliest stages, often making multi-million dollar commitments before a single line of code has been written.

Notable quotes

When we started Equal back in 2019, we felt that founders building companies in analog markets (like climate, insurance, retail and supply chain) were put at a significant disadvantage given the lack of native experience most VCs have in these spaces.

Rick Zullo · TechCrunch · 2024-02-20

As one of our founders recently told me, 'it's a rare thing to speak with an investor who has as much knowledge and passion for the market as I (the founder) do.' Our ambition is to leave every founder we interact with feeling the same way - that Equal is THE most informed, passionate and helpful partner to startups building in these industries.

Rick Zullo · Equal Ventures Newsletter · 2024-02-20

Modern SaaS tools and more democratized business platforms make it easier than ever to start digital businesses, even without a background in computer science or that fancy alphabet soup of AI/ML.

Richard Kerby · TechCrunch · 2020-02-11

Team

Rick Zullo

Managing Partner

ClimateInsuranceRetailSupply Chain

Chelsea Zhang

Investor

RetailMarketplaces

Adam Chadroff

Investor

InsuranceFintech

Ali Afridi

Investor

Climate

Sophia Dodd

Investor

ClimateInsuranceRetailSupply Chain

Richard Kerby

Venture Partner

ClimateInsuranceRetailSupply Chain

Recent investments

CompanyRoundSizeDate
TextureSeries A2026-05
ChordSeries A2026-04
Equal PartsSeries A$23m2025-11
WrapbookSeed
OdysseySeed
David EnergySeed
LeapSeed
PatternSeed
BikkySeed
Block RenovationSeed

Frequent co-investors

VC firmDeals together
M131
Inspired Capital1
VoLo Earth Ventures1
Max Ventures1
Slow Ventures1

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