LaunchSep 18, 2026, 13:38 UTC

Pulse Fund closes $63M debut climate fund, led by solo partner Tenzin Seldon

What's the deal? Pulse Fund has closed its inaugural venture capital fund with $63 million raised to back early-stage climate companies. The Los Angeles firm is led by solo founder and managing partner Tenzin Seldon, who has spent two decades building climate technologies.

What's the endgame? Pulse invests across four sectors: the energy transition, infrastructure, food and agriculture, and mobility. Its thesis is that these markets move together — a battery breakthrough widens the market for electric mobility, and gains in agricultural efficiency redirect infrastructure spending.

The firm often leads financing rounds and takes board seats. Its portfolio already includes Endera, Floodbase, InventWood, Mast Reforestation, Plantible, Twelve, and Unravel Carbon.

Who's backing it? Limited partners include Beneficient (Nasdaq: BENF), C6 Partners, Pivotal Foundation, the Pritzker family, Veronica Chou of Novel Fashion Holdings, David Osborn of DRO Investments, and an Asia-based sovereign wealth fund.

"We evaluate many emerging managers and anchor very few," said James Silk, chief executive officer of Beneficient. "Pulse cleared more than a year of diligence, and our conviction only grew as the Fund did."

The signal: Seldon frames the moment as "the beginning of the largest capital reallocation in history." A cross-sector, systems-level bet on how climate markets intersect marks a departure from single-sector investing — and a test of whether a first-time solo manager can price those connections better than the market.