Nancy Pfund

Founder and Managing Partner, DBL Partners


Nancy Pfund is Founder and Managing Partner of DBL Partners, a venture capital firm in San Francisco, whose goal is to combine top-tier financial returns with meaningful social, economic, and environmental returns in the regions and sectors in which it invests. Pfund 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—a topic on which Pfund frequently writes and speaks.

Pfund currently sponsors or sits on the Boards of Directors of several companies, including SolarCity, BrightSource Energy, Farmers Business Network, Advanced Microgrid Solutions, Off Grid Electric, Primus Power, The Muse, and, prior to their public offerings, Tesla Motors and Pandora Media. Before founding DBL Partners, she was a Managing Director in Venture Capital at JPMorgan, having started her investment career at Hambrecht & Quist in 1984. Previously, Pfund worked at Intel Corporation, the State of California, Stanford University, and the Sierra Club.

Pfund was featured as #17 on Fortune’s World’s Top 25 Eco-Innovators. She is Chair of the Advisory Council of the Bill Lane Center for the American West at Stanford University, a member of the Advisory Board of the Lawrence Berkeley National Laboratory, a member of the Advisory Board of the University of California–Davis Center for Energy Efficiency, and a Trustee of the national Geographic Society. She has been a Lecturer in Management at the Stanford University Graduate School of Business and the Yale School of Management, and she is a Founding Officer and Director of the nonprofit ABC2, a foundation aimed at accelerating a cure for brain cancer. In 1988, President Bush appointed Pfund as a charter member of the National Advisory Council for Environmental Policy and Technology. In 1999, she was appointed by President Clinton to serve on the Congressional Web-Based Education Commission.

Pfund is a co-author of What Would Jefferson Do? The Historical Role of Federal Subsidies in Shaping America’s Energy Future; Red, White & Green: The True Colors of America’s Clean Tech Jobs; Ask Saint Onofrio: Finding What Has Been Lost in A Tale of Two Energy Sources; and Renewables Are Driving Up Electricity Prices: Wait, What?. She received her BA and MA in anthropology from Stanford University and an MBA from the Yale School of Management.