Investing in the Future of…
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Our Mission
Backing engineering-led breakthroughs in the industries that matter most.
01
Where We Invest
Seed-stage, hardtech startups commercializing physical and industrial technologies with defensible IP, tackling complex, high-value challenges in mission-critical industries.
02
What Sets Us Apart
We seek out overlooked startup ecosystems, geographies and sectors where transformative founders are building without the noise of oversaturated markets.
03
How We Partner
Through a hands-on support platform, we partner with founders for the long-term, driving capital-efficient growth and building a more resilient future.
Focus Areas
Venture Capital for
Critical Industries.
01
Advanced Manufacturing
Industrial robotics, additive manufacturing, materials science, and smart factory innovations.
02
Advanced Materials
Next-generation materials enabling performance breakthroughs across industrial, defense, and energy applications.
03
AI Infrastructure & Compute
Edge compute, AI accelerators, and the physical infrastructure of intelligence at industrial scale.
04
Built Environment
Construction technology, smart buildings, and innovations across the physical built world.
05
Climate & Environment
Water technology, industrial decarbonization, carbon management, and environmental monitoring.
06
Defense & National Security
Dual-use hardware, autonomous systems, sensing, communications, and resilient infrastructure.
07
Energy & Power
Grid modernization, energy storage, power electronics, and advanced generation technologies.
08
Food & Agriculture
Precision agriculture, supply chain integrity, alternative proteins, and farm automation.
Portfolio
Backing founders
building in atoms.
News
Hard problems.
Real progress.
Who We Partner With
Let's Work Together.
We welcome collaboration opportunities across the ecosystem.
01 Our Investment Criteria
Engineering-Led, Not Science-Dependent
Technology where the primary risk is building and scaling, not proving a scientific hypothesis or clearing regulatory hurdles. We invest in breakthroughs where progress is testable and predictable.
Disruptive & Defensible Technology
Protectable IP through patents, trade secrets, or proprietary process know-how that creates durable barriers to entry and sustains long-term pricing power, even against well-resourced incumbent competitors.
Iterative Engineering Milestones
Testable, measurable progress along a defined path to commercialization, rather than binary scientific bets that carry unpredictable development timelines, regulatory hurdles, or open-ended discovery risk.
Order-of-Magnitude Technical Improvement
Technology delivering 10–100x performance, cost, or efficiency gains over incumbents. This is the threshold required to drive rapid adoption, structural pricing power, and a durable competitive position.
Clear Buyer Urgency
A mission-critical problem with a clear, paying customer and a compelling reason to act now. The best hardtech companies solve problems that cost their customers real money today.
Strong Customer ROI & Unit Economics
A legible value proposition with demonstrable customer payback from day one and unit economics that improve predictably as volume scales, rather than a pricing model that requires scale to justify itself.
Structural Pricing Power
A moat rooted in IP, process know-how, or physical scarcity, not in feature differentiation or software commoditization. We look for companies who provide must-have, mission-critical solutions to customers.
Capital-Efficient Path to Scale
A credible plan to reach commercial milestones without excessive dilution, including meaningful potential for non-dilutive capital sources alongside primary equity rounds.
Appropriate Early-Stage Fit
Seed-stage companies ready for an engaged lead investor with the resources and conviction to support through Series A and B. We take board seats and stay deeply involved with founders.
Mutual Founder-Firm Fit
Teams in overlooked markets who want hands-on operators and capital structuring support, not passive capital. We are partners and we work best with founders who want us in the trenches.
02 We Do Not Invest In
- Services
- Software
- Life Sciences
- Biotech
- Medical Devices
- Crypto
- Consumer Apps
- Consumer Products
- Alcohol
- Tobacco
- Cannabis
- Psychedelics
- Sports
- Entertainment
- Gambling
- Gaming
- Social Media
- Other Media
If this sounds like your company,
we'd love to hear from you.