Tin Shed Ventures

Tin Shed Ventures is Patagonia's corporate venture capital fund, launched in May 2013 and based in Ventura, California. Named after the original tin shed in Ventura where Patagonia founder Yvon Chouinard taught himself blacksmithing and built Chouinard Equipment, the fund is, like its parent company, solely focused on 'saving our home planet.' It invests a portion of Patagonia's profits into startups offering systemic, globally scalable solutions to the land, water, air and biodiversity crises underpinning climate change, with a particular emphasis on solutions that reduce the environmental impact of Patagonia's core apparel and food businesses. Because it deploys parent-company profits and has no outside limited partners, it describes its 'sole limited partner' as the home planet and provides patient capital, making only a few investments per year while willing to lead. Cumulatively a roughly $79 million fund, it has backed around 14 active companies, about 20 over its first decade. Its investing has historically been led by Phil Graves, who founded and ran the fund before departing in 2021, and later by Managing Director Asha Agrawal from 2021 to 2024. Portfolio companies span regenerative agriculture, circular and resale supply chains, sustainable materials and carbon removal, and include Trove, Bureo, Rubi Labs, Cairnspring Mills, Heirloom Carbon, Beyond Surface Technologies, Nofence and Edacious, whose $8.1M seed round Tin Shed led in February 2025. By investing Patagonia's own profits with no external LPs, Tin Shed Ventures backs the most strategically relevant solutions to the environmental crises at the heart of its parent's mission.