Refactor Capital is an early-stage venture capital firm focused on hard problems and foundational technologies, often backing startups working on climate, infrastructure, bio-adjacent tech, and deep systems change. The firm invests primarily at pre-seed and seed, with a long-term orientation and tolerance for non-obvious paths to scale. Refactor Capital is highly relevant for founders tackling structural or systemic challenges, and not a fit for short-cycle consumer or purely incremental SaaS plays.