# At One Ventures

> At One Ventures is a San Francisco venture capital firm that backs early-stage deep-tech companies capable of replacing environmentally damaging industrial systems on economics, not goodwill. Its portfolio spans agriculture, advanced manufacturing, buildings, energy, transportation, and ecosystem restoration, while its in-house specialists help founders with hiring, marketing, patents, manufacturing, operations, and fundraising. The firm manages $525 million across two funds and frames air, water, soil, and biodiversity - not carbon alone - as measures of planetary impact.

- **Founded:** 2020
- **Headquarters:** San Francisco, United States
- **Founders:** Tom Chi (Founder and Managing Partner), Laurie Menoud (Founding Partner), Helen Lin (Founding Partner)
- **Team size:** Approximately 25 employees
- **Products:** At One Ventures Fund I, At One Ventures Fund II, Portfolio support platform
- **Notable:** Closed a $150 million inaugural fund in October 2021., Closed an oversubscribed $375 million second fund in October 2023, bringing assets under management to $525 million., Reported leading 90% of its first investments in a 2024 NVCA interview.

## Products & services

- **At One Ventures Fund I** — $150 million early-stage venture fund investing in deep-tech climate companies.
- **At One Ventures Fund II** — $375 million oversubscribed fund focused on early-stage technologies across buildings, transportation, energy, agriculture, manufacturing, and ecosystem restoration.
- **Portfolio support platform** — In-house help for portfolio founders across talent, marketing, IP and patent strategy, manufacturing, operations, and fundraising.

## Achievements

- Closed a $150 million inaugural fund in October 2021.
- Closed an oversubscribed $375 million second fund in October 2023, bringing assets under management to $525 million.
- Reported leading 90% of its first investments in a 2024 NVCA interview.
- Backed Dalan Animal Health, developer of the first USDA-licensed vaccine for honeybees.
- Was an early investor in Ascend Elements, Colossal Biosciences, and Monarch Tractor.
- Built an internal support team covering talent, marketing, patents, manufacturing, operations, and fundraising.

## Latest updates

- **2026-05** — Tom Chi published an essay on how clean capital can respond to climate volatility, adapted from coverage of his book Climate Capital.
- **2026-03** — Tom Chi discussed climate capital, AI, regenerative technology, and commercialization in a long-form video interview with Dinis Guarda.
- **2026-02** — The firm published a Q&A arguing that entrepreneurs need better systems thinking and practical experimentation to address climate destabilization.
- **2025-12** — At One announced an investment in Addis Energy, which is developing a subsurface process for lower-energy ammonia production.
- **2025-09** — At One announced investments in Near Space Labs and Factor2 Energy, spanning stratospheric Earth imagery and CO2-based geothermal power.

## Links

- Website: https://www.atoneventures.com
- LinkedIn: https://www.linkedin.com/company/at-one-ventures
- Twitter/X: https://twitter.com/atoneventures
- Instagram: https://www.instagram.com/atoneventures

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Profile page: https://yespress.io/at-one-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-08-12