Natural Capital
Natural Capital is a Palo Alto-based venture capital firm founded in 2019 by Jay Zaveri, investing growth capital in transformative AI, space technology, satellite navigation, and environmental infrastructure companies, and managing the Rebalance Earth nature-focused infrastructure fund.
- Company typePrivate
- Founded2019
- HeadquartersPalo Alto, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Natural Capital does
Natural Capital is a Palo Alto-based private venture capital and investment firm founded in 2019. It provides growth capital to transformative technology companies operating across frontier technology verticals including AI, space technology, satellite navigation, and environmental infrastructure, positioning itself as a thematic deep-tech investor rather than a generalist fund.
Between July 2025 and June 2026, the firm led or co-led three sizable venture financings: a $187 million Series C for orbital-manufacturing company Varda Space Industries, a $170 million Series C for satellite navigation startup Xona Space Systems, and a $310 million Series B for AI world-model developer Odyssey at a $1.45 billion valuation. In each of these rounds Natural Capital co-invested alongside recognized institutional capital, including Amazon, GV, AMD Ventures, EQT, In-Q-Tel, Mohari Ventures, and Craft Ventures, evidencing a syndicate-driven investment model.
The firm additionally manages Rebalance Earth, a nature-focused infrastructure fund that has attracted institutional capital from the West Yorkshire Pension Fund and targets mobilization of over GBP 10 billion for UK climate and nature restoration over a decade. Natural Capital is led by founder and partner Jay Zaveri and operates with a lean 1–10 person team. Its revenue model follows standard venture and fund-management economics: management fees on assets under management across its venture and infrastructure vehicles, with potential carried interest on successful investments, though neither revenue nor AUM is publicly disclosed.
Natural Capital firmographics
Firmographics- Name
- Natural Capital
- Legal name
- Natural Capital
- Website
- https://naturalcapital.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Natural Capital is a Palo Alto-based venture capital firm founded in 2019 by Jay Zaveri, investing growth capital in transformative AI, space technology, satellite navigation, and environmental infrastructure companies, and managing the Rebalance Earth nature-focused infrastructure fund.
- Ownership category
- akta.pro rank
Natural Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Biodiversity, Conservation & Natural Capital Funds (FSANAJAG)
- akta.pro secondary industries
- Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE), Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)
Keywords
Where Natural Capital is headquartered
LocationHeadquarters
- HQ city
- Palo Alto
- HQ country
- United States
- HQ region
- North America
Markets served
Natural Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Natural Capital product offering
Product offeringCore offering
Natural Capital is a venture capital and growth investment firm that deploys capital into transformative technology companies across AI, space technology, satellite navigation, and environmental infrastructure. It manages thematic funds — including the Rebalance Earth nature-restoration fund — and invests as lead or co-lead in late-stage rounds for deep-tech and climate-focused startups.
Differentiator
Problem solved
Functional benefit
Brands
- Rebalance Earth: A nature-focused infrastructure fund managed by Natural Capital, aimed at addressing climate change and nature restoration needs in the UK.
Products and services
- Rebalance Earth
- Growth-stage venture capital investments
Companies that use Natural Capital
Customer profileIdeal customer profiles2 records
Natural Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Natural Capital partnerships and signals
Strategic signalScale indicators5 records
Recent moves4 records
Expansion highlights4 records
Natural Capital competitors and assessment
Company assessmentDirect peers
- Lux Capital: Deep-tech venture firm investing in space, AI, and frontier technologies with a thesis-driven, concentrated approach. Directly comparable to Natural Capital's lead-investor style in Xona and Varda.
- Congruent Ventures: Early-stage venture firm focused on climate-tech, sustainability, and infrastructure. Comparable to the sustainable-real-assets focus of Rebalance Earth and Natural Capital's broader thesis.
- Founders Fund: Deep-tech and frontier-science venture firm known for large, conviction-led bets in aerospace and advanced technology. Comparable investment philosophy to Natural Capital's space-tech portfolio.
- Lowercarbon Capital: Venture firm investing across climate-tech, frontier energy, and nature-based solutions. Comparable to Natural Capital's nature-restoration and climate-aligned investments.
- Khosla Ventures: Venture firm that combines frontier technology and climate/sustainability investing at scale. Comparable dual mandate spanning deep tech (AI, space) and impact/climate, mirroring Natural Capital's strategy.
- Prelude Ventures: Venture firm focused exclusively on early-stage climate solutions, including nature-based carbon removal. Comparable to the natural-capital strategy embodied by Rebalance Earth.
- Breakthrough Energy Ventures: Climate-focused venture fund backed by high-profile LPs investing in transformative technologies. Comparable to the climate/nature-capital leg of Natural Capital's mandate, particularly Rebalance Earth.
- Obvious Ventures: Venture firm investing in world-positive companies across climate, health, and sustainability. Comparable thematic overlap with Natural Capital's nature and impact mandate.
Broad incumbents
- Andreessen Horowitz: Large, multi-stage venture firm with active investing across AI infrastructure and frontier tech. Broader incumbent comparable by category overlap (AI, deep tech) but with much larger team and AUM than Natural Capital.
- Generation Investment Management: Sustainable investment manager integrating ESG and long-horizon capital allocation. Comparable broader incumbent for Natural Capital's natural-capital and climate-aligned strategy at scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Natural Capital social profiles
Digital presenceNatural Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Natural Capital leadership team
Management profileNumber of profiles
Profiles1 record
Natural Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Natural Capital M&A and investment
M&A and investmentM&A
Investments20 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Natural Capital
What does Natural Capital do?
Natural Capital is a venture capital and growth investment firm that deploys capital into transformative technology companies across AI, space technology, satellite navigation, and environmental infrastructure. It manages thematic funds — including the Rebalance Earth nature-restoration fund — and invests as lead or co-lead in late-stage rounds for deep-tech and climate-focused startups.
Is Natural Capital a public or private company?
Natural Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Natural Capital founded?
Natural Capital was founded in 2019. It employs 1 to 10 people.
Where is Natural Capital based?
Natural Capital is headquartered in Palo Alto, United States, in the North America region.
Who are Natural Capital's main competitors?
Direct peers on record are Lux Capital, Congruent Ventures, Founders Fund, Lowercarbon Capital, Khosla Ventures, Prelude Ventures, Breakthrough Energy Ventures and Obvious Ventures. Broad incumbents are Andreessen Horowitz and Generation Investment Management.
Does Natural Capital have an API?
No public API is recorded for Natural Capital.
What industry is Natural Capital in?
Natural Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAJAG, Biodiversity, Conservation & Natural Capital Funds, with a secondary code of FSANAEAE, Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency). Its NAICS code is 525 and its SIC code is 6799.