Natural Capital
Natural Capital is an investment firm that led Odyssey's $310 million Series B in June 2026 and co-led Varda Space Industries' Series C and Series D. Little else is published about the firm.
Industry: Venture and growth investing | Founded: 2018
About Natural Capital
Natural Capital is an investment firm that has led several large private funding rounds for technology companies since 2025. The sources read for this profile name two general partners, Jay Zaveri and Ravi Tanuku, but do not describe the firm itself, its founding, location or fund size.
In July 2025 Natural Capital and Shrug Capital co-led a 187 million US dollar Series C for Varda Space Industries, which develops in-space pharmaceutical manufacturing. Tanuku, described as a general partner at Natural Capital, joined Varda's board. In June 2026 Natural Capital led a 310 million dollar Series B for Odyssey, an AI world-model company, at a valuation of 1.45 billion dollars; Amazon, AMD Ventures, GV, EQT and In-Q-Tel also invested. On 30 September 2026 Natural Capital and Lux Capital led Varda's 251 million dollar Series D at a valuation of 1.6 billion dollars, bringing Varda's reported total funding to 598 million dollars.
Several unrelated firms use the name Natural Capital, including a private investment firm in Northwest Arkansas that invests in real estate and lower middle-market companies. This profile follows the investor named in the Odyssey and Varda announcements.
Leadership
- Jay Zaveri, General Partner
- Ravi Tanuku, General Partner