Systemiq Capital

ActiveVenture Capital

Updated: Feb 17, 2026 ·

About

Systemiq Capital backs early stage tech founders in Europe and North America, focusing on electrification, decoding nature, and applied AI.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2025	Definely	$30.0M Series B	—	Adapt Ventures, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, Capital Factory, CapitalX, Fifth Wall, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, NextView Ventures, Not Boring Capital, Octopus Ventures, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Raine Ventures, Redpoint Ventures, SRB Ventures, Thirty Five Ventures, Uncork Capital, Adam Guild, Claire Hughes Johnson, Cory Levy, Priyank Chandra, Quinn Slack, Rich Miner, Scot Wingo
May 1, 2024	Definely	$7.0M Series A	—	01 Advisors, 20VC, Accel, AirAngels, Alumni Ventures, Coinbase Ventures, FJ Labs, Jude Gomila Rolling Fund, Octopus Ventures, Raine Ventures, Sequoia Capital, Y Combinator, Akash Garg, Aston Motes, Bobby Goodlatte, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Immad Akhund, Jeff Chang, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Robert Gentz, Stewart Butterfield, Tikhon Bernstam
Nov 1, 2023	Trackstar	$3.0M Seed	—	Homebrew, Quiet Capital, TMV, Bre Pettis, Kyle Vogt, Sam Altman
May 1, 2023	Qualis Flow	$9.0M Series A	—	Alumni Ventures, Octopus Ventures, Raine Ventures, Claire Hughes Johnson
Sep 1, 2022	Verkada	$210.0M Series D	—	Abstract Ventures, Accel, Alumni Ventures, Amino Capital, Andreessen Horowitz, Balderton Capital, Bling Capital, C2 Investment, Catapult Capital, Coelius Capital, Kevin Ding, Jenny Fielding, Scott Hartley, Felicis Ventures, First Round Capital, Flexcap, Flex Capital, Force Over Mass Capital, Founders Fund, Goat Capital, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Menlo Ventures, Meritech Capital Partners, Msd Capital, Next47, Primitive Ventures, Quiet Capital, Saga, Summit Partners, Target Partners, Tribe Capital, Uncork Capital, UpHonest Capital, Vibe Capital, Y Combinator, Elad Gil, Errol Damelin, Ilya Golubovich, Immad Akhund, Kirill Makharinsky, Matt Bellamy, Michael Staton, Roger Dickey, Samvit Ramadurgam, Sohail Prasad, Sue Xu
Dec 1, 2021	Palm NFT Studio	$27.0M Series B	—	Rafi Gidron
Nov 1, 2021	Allo	$5.0M Seed	—	Ascendo Ventures, 20VC, Alumni Ventures, Chalfen Ventures, Christian Reber, Claire Hughes Johnson, Mario Götze, Michael Wax, Octopus Ventures, Patrick Andrae, Raine Ventures, Tushar Ahluwalia
Sep 1, 2021	Definely	$3.0M Seed	—	Homebrew, Quiet Capital, TMV, Bre Pettis, Kyle Vogt, Sam Altman
Jul 1, 2021	Skedulo	$75.0M Series C	—	Andreessen Horowitz, Floodgate, Granite Ventures, Jeff Richards, Softbank Group, SoftBank Investment Advisers, Carl Showalter
May 1, 2021	Arkose Labs	$70.0M Series C	—	Andreessen Horowitz, Floodgate, Granite Ventures, Jeff Richards, Softbank Group, SoftBank Investment Advisers, Carl Showalter
May 1, 2021	Handshake	$80.0M Series E	—	Alkeon Capital, Andreessen Horowitz, Benchmark, Canaan Partners, Floodgate, F-Prime Capital Partners, Franklin Templeton Investments, Granite Ventures, Incite Ventures, Lightspeed Venture Partners, Lux Capital, Matter Venture Partners, Menlo Ventures, Notable Capital, Paradigm, SNR, Softbank Group, SoftBank Investment Advisers, Spark Capital, True Ventures, Carl Showalter, David Bettner, Peter Preston, Stefan Ciecierski
May 1, 2021	Workboard	$75.0M Series D	—	01 Advisors, 20VC, AirAngels, Airtree Ventures, Amasia, Andreessen Horowitz, Ansa Capital, Awesome People Ventures, Cedar Capital Group, Costanoa Ventures, Five Sigma, Floodgate, KKR, Madrona Ventures, Next47, Notable Capital, Rock Ventures, Salesforce Ventures, Shrug Capital, Softbank Group, SoftBank Investment Advisers, Summit Partners, The Finger Group, Tiger Global Management, Todd and Rahul's Angel Fund, Unusual Ventures, Verizon Ventures, Todd Arky, Wiley Cerilli
May 1, 2021	Rewatch	$20.0M Series A	—	83North, 8VC, Kevin Hartz, Addition, Afore Capital, AirAngels, Alt Capital, Andreessen Horowitz, Anthemis Group, C2 Investment, Chemi, Cota Capital, Cowboy Ventures, Dream Machine, Flexsteel Industries Inc., Floodgate, Gradient Ventures, Granite Ventures, Hanaco Ventures, Haystack, Index Ventures, Insight Partners, La Famiglia, Madrona Ventures, Mouro Capital, Northzone, Jeff Richards, Not Boring Capital, Operator Collective, Paradigm, Redpoint Ventures, Root Ventures, Saga, Scale Venture Partners, Sequoia Capital, Seven Seven Six, Softbank Group, SoftBank Investment Advisers, Speedinvest, Thirty Five Ventures, Tiger Global Management, Todd and Rahul's Angel Fund, Ubiquity Ventures, Upfront Ventures, Upside Partnership, Witz Ventures, Alexandre Prot, Alexandros Bottenbruch, Carl Showalter, Clark Landry, Colin Carrier, Daniel Graf, Didier Valet, Eden Chen, Eric Demuth, Eric Nadalin, Eric Wu, Federico Pomi, Harsh Sinha, James Beshara, John Collison, Jonathan Shipman, Julia Hartz, Kelvin Beachum Jr., Kevin Lin, Larry Gadea, Max Mullen, Mik Attisani, Philippe Teixeira da Mota, Raphael Vullierme, Sahil Lavingia, Sam Altman, Sean Park, Simone Brunozzi, Steve Anavi, Surojit Chatterjee, Tony Jamous, Zack Kanter
May 1, 2021	Klaviyo	$320.0M Series D	—	Accel, Alchemy Ventures, BMW i Ventures, Energy Impact Partners, Greylock, H.I.G. Capital, IDG Ventures, Ignition Partners, Next47, Owl Rock Capital Partners, Alexander Rosen, rocketship.vc, Summit Partners, Telstra Ventures, Wing Venture Capital
Nov 1, 2020	Klaviyo	$200.0M Series C	—	Accel, BMW i Ventures, Energy Impact Partners, Greylock, IDG Ventures, Ignition Partners, Next47, Alexander Rosen, rocketship.vc, Summit Partners, Telstra Ventures, Wing Venture Capital
Oct 1, 2020	Handshake	$80.0M Series D	—	Addition, Andreessen Horowitz, Benchmark, Bond, Canaan Partners, Floodgate, Granite Ventures, Greylock, Incite Ventures, Insight Partners, K2 Global, Kleiner Perkins, Lightspeed Venture Partners, Matter Venture Partners, Meritech Capital Partners, Notable Capital, Redpoint Ventures, Shasta Ventures, Softbank Group, SoftBank Investment Advisers, True Ventures, Carl Showalter, David Bettner, Josh Elman, Peter Preston, Stefan Ciecierski
Mar 1, 2020	Arkose Labs	$22.0M Series B	—	Andreessen Horowitz, Floodgate, Granite Ventures, Menlo Ventures, Jeff Richards, Pelion Venture Partners, Polaris Partners, Social Impact Capital, Softbank Group, SoftBank Investment Advisers, Sony Innovation Fund, Steve Krausz, U.S. Venture Partners, Zetta Venture Partners, Carl Showalter
Jan 1, 2020	Verkada	$80.0M Series C	—	Abstract Ventures, Accel, Alumni Ventures, Amino Capital, Bling Capital, C2 Investment, Kevin Ding, Felicis Ventures, Founders Fund, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Menlo Ventures, Meritech Capital Partners, Next47, Primitive Ventures, Quiet Capital, Saga, Summit Partners, Target Partners, Tribe Capital, UpHonest Capital, Y Combinator, Elad Gil, Matt Bellamy, Samvit Ramadurgam, Sohail Prasad, Sue Xu
Apr 1, 2019	Nautilus Labs	$11.0M Series A	—	—
Apr 1, 2019	Verkada	$40.0M Series B	—	Abstract Ventures, Alumni Ventures, Amino Capital, Andreessen Horowitz, Bling Capital, C2 Investment, Kevin Ding, Jenny Fielding, Scott Hartley, Felicis Ventures, First Round Capital, Flexcap, Founders Fund, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Next47, Primitive Ventures, Quiet Capital, Saga, Summit Partners, Tribe Capital, UpHonest Capital, Y Combinator, Elad Gil, Matt Bellamy, Samvit Ramadurgam, Sohail Prasad, Sue Xu
Apr 1, 2019	Klaviyo	$150.0M Series B	—	Next47, Summit Partners
Mar 1, 2019	Skedulo	$28.0M Series B	—	Andreessen Horowitz, Blackbird Ventures Australia, Cherry Ventures, Costanoa Ventures, DN Capital, Earlybird Venture Capital, FirstMark Capital, Floodgate, Granite Ventures, Christian Miele, Jeff Richards, Softbank Group, SoftBank Investment Advisers, Soma Capital, Threshold Ventures, Thrive Capital, Carl Showalter, Mato Peric
Mar 1, 2019	Markforged	$82.0M Series D	—	GE Ventures, Grotech Ventures, Next47, Marc van den Berg, Summit Partners, Work-Bench, Peter Barris, Rich Miner
Apr 1, 2018	Verkada	$15.0M Series A	—	Andreessen Horowitz, Jenny Fielding, Scott Hartley, Felicis Ventures, First Round Capital, Flexcap, Next47, Summit Partners
Apr 1, 2018	Projector	$9.0M Series A	—	Adverb Ventures, Andreessen Horowitz, M.G. Siegler, Homebrew, Quiet Capital, TMV, Bre Pettis, Kyle Vogt, Matt Brezina, MG Siegler, Mike Abbott, Sam Altman

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Systemiq Capital.

Matthew Goldstein

General Partner

Leadership Team

Key people at Systemiq Capital.

Matthew Goldstein

General Partner

Deep Dive

High-Level Overview

Systemiq Capital is a UK-based venture capital firm dedicated to driving systemic change towards sustainability and a net-zero economy. Its mission is to invest in pioneering climate tech companies that address critical global challenges such as sustainable food and materials, clean transport, climate intelligence, and climate restoration. The firm focuses primarily on late seed to Series B stage B2B companies with strong commercial potential, emphasizing sectors like electrification, decoding nature’s processes, and applied AI. Systemiq Capital aims to catalyze transformative solutions that mitigate climate change while delivering market-rate venture returns, supporting entrepreneurs with both capital and deep climate expertise. Its impact on the startup ecosystem lies in backing innovative climate tech ventures that accelerate the transition to a resilient, low-carbon future[1][2][5].

Origin Story

Founded in the UK, Systemiq Capital emerged as an extension of SYSTEMIQ, a certified B Corp and system change company that identifies and invests in innovations capable of driving essential system change. The investment arm was established to back early-stage climate tech founders in Europe and North America, leveraging the strategic and operational experience of its leadership team. Key partners include Managing General Partner Irena Spazzapan, Investment Partner George Darrah (with a background at BP’s trading floor), and Partner/COO Jessica Stewart, who brings consulting and operational expertise. The firm evolved to focus on late seed to Series B investments in climate tech, combining capital with strategic support to scale impactful solutions[1][4][7].

Core Differentiators

Unique Investment Model: Focus on late seed to Series B stage B2B climate tech companies with commercial viability, emphasizing electrification, nature-based solutions, and applied AI.
Network Strength: Access to SYSTEMIQ’s broad ecosystem, including civil society, government, business, and finance leaders, providing portfolio companies with unparalleled climate knowledge and strategic partnerships.
Track Record: Portfolio includes innovative companies like ZeroAvia (hydrogen aviation), Ohme (EV charging), InnerPlant (crop communication), and Circulor (blockchain for supply chain transparency), with several successful exits.
Operating Support: Combines capital investment with hands-on operational and strategic guidance, leveraging partners’ expertise in climate tech, consulting, and energy markets to accelerate growth[1][3][7].

Role in the Broader Tech Landscape

Systemiq Capital rides the accelerating global trend toward climate tech innovation driven by urgent environmental challenges and increasing regulatory and market incentives for sustainability. The timing is critical as advances in AI, biotechnology, and digital infrastructure enable scalable solutions for decarbonization, nature restoration, and clean energy adoption. Market forces such as growing corporate net-zero commitments, government climate policies, and rising consumer demand for sustainable products create a favorable environment for Systemiq’s portfolio companies. By investing in foundational technologies and system-level innovations, Systemiq influences the broader ecosystem by enabling new business models and accelerating the transition to a low-carbon economy[2][5][7].

Quick Take & Future Outlook

Looking ahead, Systemiq Capital is positioned to expand its influence by scaling climate tech ventures that address systemic environmental challenges. Trends such as the electrification of transport, AI-driven sustainability solutions, and nature-based carbon removal will shape its investment focus. The firm’s ability to combine deep climate expertise with venture capital will likely enhance its role as a catalyst for transformative change. As climate urgency intensifies, Systemiq’s portfolio companies may become key enablers of the global net-zero transition, reinforcing the firm’s mission to drive systemic sustainability at scale[1][5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on late seed to Series B stage B2B climate tech companies with commercial viability, emphasizing electrification, nature-based solutions, and applied AI.
Network Strength: Access to SYSTEMIQ’s broad ecosystem, including civil society, government, business, and finance leaders, providing portfolio companies with unparalleled climate knowledge and strategic partnerships.
Track Record: Portfolio includes innovative companies like ZeroAvia (hydrogen aviation), Ohme (EV charging), InnerPlant (crop communication), and Circulor (blockchain for supply chain transparency), with several successful exits.
Operating Support: Combines capital investment with hands-on operational and strategic guidance, leveraging partners’ expertise in climate tech, consulting, and energy markets to accelerate growth[1][3][7].