All Aboard Fund is a New York City-based venture capital firm focused on the energy transition. The firm was formed following All Aboard’s first annual convening of global climate investors in 2024 and is positioned to back companies operating in capital-intensive segments of climate and energy infrastructure. Its strategy centers on mobilizing institutional capital toward large-scale decarbonization opportunities.
All Aboard Fund invests in companies addressing the most capital-intensive sectors of the energy transition.
The firm targets businesses building infrastructure and technologies required to decarbonize energy systems at scale.
Its mandate suggests a focus on hardware-heavy, asset-backed and infrastructure-oriented climate opportunities rather than software-only models.
All Aboard closed its debut fund, All Aboard Fund I, L.P., at $133 million in August 2026, against an original target of $300 million, a signal of how difficult the fundraising environment remains for capital-intensive climate infrastructure.
The fund co-invests alongside its member coalition: capital automatically matches checks into a deal once at least three of the coalition's member firms have independently committed, rather than sourcing or leading its own rounds. The fund makes equity or convertible equity investments only, avoiding loans or direct project financing.
As part of the close, All Aboard added a UK-based family office to the coalition as a general partner, alongside new members Activate Capital, G2 Venture Partners, and Lightrock.
Existing coalition members include Breakthrough Energy Ventures, Khosla Ventures, DCVC, Energy Impact Partners, GenZero, Ara Partners, Clean Energy Ventures, Congruent Ventures, Future Ventures, Gigascale Capital, NGP Energy Capital Management, Obvious Ventures, Prelude Ventures, and Spring Lane Capital, together representing more than $60 billion in combined AUM.
Leadership
The coalition was launched in 2025 by Chris Anderson, longtime curator of TED, who serves as convenor and public face, and Stan Miranda, founder of London-based investment firm Partners Capital, who co-founded the coalition and brings institutional LP relationships and operating infrastructure.
Jay Dessy serves as Chief Investment Officer and represents All Aboard publicly on deal activity. Vinod Khosla of Khosla Ventures and investor John Arnold are among the coalition's earliest anchor backers.
As part of its August 2026 close, All Aboard added a UK-based family office to the coalition as a general partner.
Investment Strategy
All Aboard targets the financing gap between early-stage venture capital and traditional project finance, the point at which a climate technology has been proven at pilot scale but needs $100 million or more to build its first commercial-scale plant.
Rather than underwriting deals independently, the coalition's capital deploys automatically once three or more member firms have committed to a deal, reducing its own diligence burden while concentrating capital in the highest-conviction deals already backed by the category's most active climate investors.
Notable Investments
Chris Anderson — Co-Founder
chris@allaboard.vc
Stan Miranda — Co-Founder, General Partner
stan@allaboard.vc
Jay Dessy — Chief Investment Officer
jay@allaboard.vc
United States
