Nancy Pfund

Managing Partner

Nan­cy E. Pfund is Founder and Man­ag­ing Part­ner of DBL Part­ners, a ven­ture cap­i­tal firm whose goal is to com­bine top-tier finan­cial returns with mean­ing­ful social, envi­ron­men­tal and eco­nom­ic returns in the regions and sec­tors in which it invests. Nan­cy is also the Founder of DBL Investors. As a lead­ing play­er in the grow­ing field of impact invest­ing, DBL has helped to reveal the pow­er of ven­ture cap­i­tal to pro­mote social change and envi­ron­men­tal improve­ment, and Ms. Pfund writes and speaks fre­quent­ly of impact investing.

Ms. Pfund cur­rent­ly spon­sors or sits on the board of direc­tors of sev­er­al com­pa­nies, includ­ing;  Farm­ers Busi­ness Net­work, The Muse, Advanced Micro­grid Solu­tions, Off-Grid Elec­tric, Primus Pow­er,  and, pri­or to their pub­lic offer­ings, Tes­la Motors and Pan­do­ra.  She also served on the board of SolarCi­ty from 2008 until its acqui­si­tion by Tes­la in Decem­ber 2016, on both the audit and com­pen­sa­tion com­mit­tees, and chair­ing its cor­po­rate gov­er­nance com­mit­tee; Pri­or to found­ing DBL Investors, Ms. Pfund was a Man­ag­ing Direc­tor in Ven­ture Cap­i­tal at JPMor­gan, hav­ing start­ed her invest­ment career at Ham­brecht & Quist in 1984. Pre­vi­ous­ly, Ms. Pfund worked at Intel Cor­po­ra­tion, the State of Cal­i­for­nia, Stan­ford Uni­ver­si­ty and the Sier­ra Club.

Ms. Pfund was  fea­tured #17 in the 2014 FORTUNE Inau­gur­al World’s Top 25 Eco-Inno­va­tors; and appeared on Fast Com­pa­ny’s 2016 List of Most Cre­ative Peo­ple in Busi­ness.  She serves on the Advi­so­ry Coun­cil of the Bill Lane Cen­ter for the Amer­i­can West at Stan­ford Uni­ver­si­ty; the Advi­so­ry Board of the Lawrence Berke­ley Nation­al Lab­o­ra­to­ry (Berke­ley Lab); the UC Davis Cen­ter for Ener­gy Effi­cien­cy, and co-chairs the Yale School of Man­age­ment Pro­gram on Entre­pre­neur­ship.  Ms. Pfund is also a Trustee of the Nation­al Geo­graph­ic Soci­ety. She has been a Lec­tur­er in Man­age­ment at the Stan­ford Grad­u­ate School of Busi­ness and the Yale School of Man­age­ment; and is a C3E Ambas­sador to the U.S. Clean Ener­gy Edu­ca­tion and Empow­er­ment Pro­gram, led by the U.S. Depart­ment of Ener­gy. She is also a found­ing offi­cer and direc­tor of ABC2, a foun­da­tion aimed at accel­er­at­ing a cure for brain cancer.

Ms. Pfund is the author, along with Ben­jamin Healey of the wide­ly cit­ed report on the his­to­ry of U.S. ener­gy sub­si­dies enti­tled, “What Would Jef­fer­son Do? The His­tor­i­cal Role of Fed­er­al Sub­si­dies in Shap­ing America’s Ener­gy Future”, co-authored with Michael Lazar, “Red, White & Green: The True Col­ors of America’s Clean Tech Jobs”, co-authored with Noah Walk­er, “Ask Saint Onofrio: Find­ing What Has Been Lost in A Tale of Two Ener­gy Sources”, co-authored with Anand Chhabra, “Renew­ables Are Dri­ving Up Elec­tric­i­ty Prices: Wait, What?”, and co-authored with Kristofer Holz, “The 2017 Inau­gu­ra­tion: Empow­er­ing a Clean Ener­gy Nation”. 

Ms. Pfund received her BA and MA in anthro­pol­o­gy from Stan­ford Uni­ver­si­ty, and her MBA from the Yale School of Management.

Fol­low Nan­cy on Twit­ter @NancyPfundDBL.