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Evergreen Climate Innovations

Impact investor

Chicago · Pre-Seed–Seed · 11 people tracked

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Investment thesis

Evergreen Climate Innovations is a nonprofit investor focused on early-stage climate innovation across the Greater Midwest. It pioneered a 501vc® Investment Fund that channels philanthropic and corporate contributions toward environmental, economic, and social impact. Beyond capital, the organization actively supports portfolio companies with strategic guidance, mentorship, milestone achievement, and connections to funding, demonstration opportunities, and customers. It views entrepreneurship and innovation as powerful tools to address the climate emergency, and positions itself as a guide helping founders navigate and expand access to climate innovation in the Midwest region.

Invests inCleantechClimate TechChicagoUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Chicago, US
Leads rounds
Follows
Instruments
Grants · Equity
Tracked investments
35

Team · 11 people

from the firm's website
Michelle Carr· Chief Executive Officerin

Michelle Carr is CEO of Evergreen Climate Innovations, with executive, operating and fundraising experience across the financial, environmental and climate technology sectors. She previously served as Illinois Director for The Nature Conservancy and spent 16 years as an advisor at Goldman Sachs. She holds a B.A. in history and economics from St. Louis University and an MBA from Vanderbilt University.

Ian Adams· Managing Director

Ian Adams is Managing Director at Evergreen Climate Innovations, with over a decade of experience in energy and climate spanning investing, operations, and government. His work involves identifying technology and market trends, assessing new investment opportunities, and developing initiatives to support the firm's portfolio companies. He previously served in the Obama administration and holds degrees from the University of Illinois at Urbana-Champaign and the University of Chicago Booth School of Business.

Paul Seidler· Managing Director

Paul Seidler is Managing Director at Evergreen Climate Innovations, where he leads investment activities and portfolio management, and has taken part in more than 50 early-stage transactions since joining in 2014. He has served as a board director or observer for 18 portfolio companies and runs the firm's annual CEO Summit for portfolio founders. Before Evergreen, he handled business development at Applied Thin Films, Inc., an advanced materials company; he holds an economics degree from the University of Michigan and an MBA from the University of Chicago Booth School of Business.

Dylan O'Reilly· Program Director
Dylan O’Reilly· Program Director
Elena Loke· Program Managerin

Elena Loke is a Program Manager on the Platform team at Evergreen Climate Innovations, where she connects the firm's ecosystem-building efforts with its investment program by building partnerships to strengthen the deal pipeline and running the founder support program for climate tech startups. Trained as a plant biologist, she previously worked as a field botanist conducting native plant surveys and habitat restoration at a Superfund site in California. She holds a Master's in Plant Biology and Conservation from Northwestern University and a B.A. in Biology from Oberlin College.

Estelle Richards· Director, Operationsin

Estelle Richards is the Director of Operations at Evergreen Climate Innovations, with over 12 years of experience in administrative services and managerial oversight across the private and nonprofit sectors. She provides administrative support to the CEO and oversees daily operations including office services, finances, and facilities. She previously served as an Operations Manager at a national nonprofit.

Marc Altman· Senior Vice President, Strategy & Growthin

Marc Altman is Senior Vice President, Strategy & Growth at Evergreen Climate Innovations, where he leads fundraising efforts across philanthropies, government agencies, corporate partners, and individual donors. He previously built a fundraising department at an outdoor education and youth services organization, and earlier worked in financial consulting at PricewaterhouseCoopers, photography, and design and marketing agencies. He holds a degree in Applied Math and Economics from Brown University.

Rachel Sebald· Senior Manager of Marketing and Communicationsin

Rachel Sebald is the Senior Manager of Marketing and Communications at Evergreen Climate Innovations, where she oversees marketing and communications about the firm's role in the climate tech ecosystem. She also assists portfolio companies with public relations, marketing strategy, and brand awareness. Her background includes operations, community development, and marketing roles at early-stage and high-growth startups.

Shashank Churukanti· Venture Associatein

Shashank Churukanti is a Venture Associate at Evergreen Climate Innovations, where he evaluates new investment opportunities, conducts due diligence, tracks market trends across climate tech sectors, and advises portfolio companies on product development. He previously spent about ten years at SpaceX as a technical program manager, contributing to the avionics architecture of the Falcon 9 / Falcon Heavy launch vehicles and a free-space electro-optical communication terminal. He holds a dual bachelor's degree in Electrical Engineering and Economics from Northwestern University.

Simone Perrin· Strategic Partnerships Associatein

Simone Perrin is the Strategic Partnerships Associate at Evergreen Climate Innovations, where she draws on a background in nonprofit development and strategic communications to build relationships with philanthropists, investors, corporate partners, and community organizations. Her work supports the organization's climate innovation mission across the Greater Midwest. She graduated from the University of Illinois Urbana-Champaign with a degree in Earth, Society, & Environmental Sustainability and Political Science.

Investments · 35 tracked

founders shown can be your intro path
Agentis

Empowers businesses to make better energy decisions

Agricycle

Creating new ingredient supply chains from smallholder farmers in developing countries to eliminate food loss and bolster livelihoods

Aker

Delivers precision agriculture insights to maximize plant health and yield

AllCell Technologies

Delivers the market's safest fully-customized lithium-ion battery packs with extended run-time

C-Motive Technologies

Commercializing the world's first electrostatic motors and generators for ultra-efficient mobility and wind power generation

Cache Energy

Developing an ultra-long duration energy storage technology based on low cost, non-toxic, abundant material

Continuum Ag

Helps farmers adopt regenerative agriculture to optimize soil health and maximize soil carbon sequestration

CorePower Magnetics

Delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient

Darcy Solutions

Brings efficient geothermal heating and cooling to the built environment

ElectraMet

Makes it easier to remove heavy metals from industrial wastewater

Enspired Solutions

Takes on per- and polyfluoroalkyl substances (PFAS) challenges with patented PFASigator technology

EP Purification

Purifies water with low-cost ozone generation

Go Electric

Delivers the most advanced microgrids for maximum energy resiliency

Anderson, US

Andrew Card Jr.(Director)S. Paul Halata(Director)Lisa Laughner(Executive Officer, Director)

GreenLancer

Provides on-demand design and engineering for solar installers

Idle Smart

Cuts emissions of Class 8 trucks with a simple device that pays for itself

Igor

Brings connected, intelligent solutions to the built environment to drive building automation and energy efficiency

Johnston, US

Scott Hoekman(Director)Sean McMurray(Director)Jim Fogt(Director)Dwight Stewart(Chief Technology Officer)Steven L'Heureux(Chief Executive Officer)

Intellihot

Manufactures the world's first on-demand, tankless water heaters for commercial and industrial buildings

Iris Light Technologies

Optimizes silicon photonics to make data centers and sensors faster and more energy efficient

Kadeya

Eliminates the need for disposable packaging through smart bottling stations and reusable, digitally identifiable bottles

Lotic Labs

Leverages advanced data science to manage environmental financial risk

MAREL Power Solutions

Developing modular, compact, and customizable power stack systems for EVs and industrial applications

MITO Material Solutions

Adds proprietary powder to make polymers stronger and lighter for efficiency

Mobius

Turns one company's trash into another company's treasure through waste management

NanoGraf Technologies

Extends the range of electric vehicles with 30% more energy dense lithium-ion batteries

NETenergy

Reduces carbon emissions from commercial building air conditioners by half through thermal storage

NovoMoto

Brings off-grid clean energy to Sub-Saharan Africa to eliminate emissions and reduce energy poverty

NuMat Technologies

Decarbonizes industrial gases and chemicals

Rebundle

Manufactures plant-based braiding hair to prioritize customer health and the environment

Renewance

Ensures every used lithium-ion battery ends up repurposed or recycled

Specter Aerospace

Building hypersonic vehicles to connect the world

SPLT

Helps employees get a ride to work with their coworkers

Varuna

Provides real-time visibility into water distribution systems to ensure access to clean, safe water

WATTMORE

Makes it easy for developers to add battery storage to their solar projects

Wellntel

Enables groundwater stewardship to ensure equitable usage and conservation of water resources

Wright Electric

Developing the world's first zero-emissions 186-passenger commercial aircraft

Frequently asked questions

What stage does Evergreen Climate Innovations invest at?
Evergreen Climate Innovations invests at the Pre-Seed, Seed stages.
What sectors does Evergreen Climate Innovations focus on?
Evergreen Climate Innovations focuses on Cleantech, Climate Tech.
Where is Evergreen Climate Innovations located?
Evergreen Climate Innovations is headquartered in Chicago, US.
Does Evergreen Climate Innovations lead rounds?
Evergreen Climate Innovations typically participates in rounds rather than leading them.

Media · Podcasts & interviews

from their channel

Channel Strategy 101

Evergreen Climate Innovations

Conducting Effective Sales Conversations

Evergreen Climate Innovations

EnergyTech University Prize | Explore The Great Lakes

Evergreen Climate Innovations

Climate Tech Investors Predict 2023

Evergreen Climate Innovations

Funding Opportunities for Early-Stage Climate Tech Startups - Info Session November 2022

Evergreen Climate Innovations

Water Innovation Showcase

Evergreen Climate Innovations

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