We dive deep into our sectors. Our research drives our insights and thesis-driven approach.

OpenAI’s latest $40B funding was the largest private investment round in history. To put that in perspective, that single investment is ~4x what the Department of Energy has annually budgeted to make its electric grid more resilient.1 The grid has been systematically underinvested and continues to get squeezed. Now, that same strained grid is now expected to fuel the next wave of AI growth, which is already compounding at venture speed. Global data center consumption is projected to double to ~945 TW by 2030, and AI-optimized loads are expected to quadruple in that same window.

The $800 Billion U.S. property & casualty (P&C) insurance industry is one of the economy’s most essential sectors. Yet, despite its importance, the technology supporting the sector remains vastly outdated.

We at Equal have previously highlighted under-served segments and channels of the broader $7T retail market (see the $6T brick & mortar channel and the $2T CPG opportunity). Today, let’s get into an even larger, and more under-the-radar segment of the U.S. economy, the scarily massive $11.6T wholesale market.

We’re thrilled to announce the 2025 Climate Capital Summit during NYC Climate Week. This year’s 3rd Annual Summit is an invite-only, free-of-charge gathering for climate’s top decision makers. From the beginning, our goal has been to meet a clear need in the ecosystem: create a space for real conversations about the future of climate.

Community has always been core to how we operate Equal. Venture firms are defined by the people they surround themselves with, whether it be the entrepreneurs we partner with, the operators and talent building those companies, the co-investors we collaborate with, or the industry “bridgers” we work with to transform industries, and we’ve found that the community we’ve developed at Equal is one of our strongest compounding assets.