We concentrate the fund where deep technical change is creating durable, decade-long opportunities — and where founder quality, not market timing, decides the winners.
Intelligence is becoming a utility. The value will accrue to the teams that wrap it in proprietary data, real workflows, and trust. We back AI-native applications and the infrastructure beneath them, with a bias toward technical founders shipping into production.
Money is still moving on decades-old rails. We invest in the payments, embedded finance, and risk infrastructure that make capital faster, cheaper, and more inclusive — backing founders who understand both the regulation and the product.
The energy transition is the largest capital reallocation of our lifetime. We fund the software and hard-tech that make clean energy the cheapest energy — from grid orchestration to carbon measurement to next-generation storage and materials.
Every platform shift needs new infrastructure. We back the compute, robotics, and developer platforms the next decade of software will run on — capital-intensive, technically deep companies that incumbents cannot easily copy.
We lead at seed and Series A, and reserve heavily to keep backing our winners through every subsequent round.
$500K–$4M checks, often the first institutional capital in. We move on a deck and a conversation when the founder and thesis are right.
$4M–$12M leads when you have early signal and a path to a real market. We take a board seat and roll up our sleeves.
More than half the fund is reserved for follow-on. We keep backing breakout companies through Series B and beyond.
No single metric earns a yes. But across hundreds of investments, the founders we have backed most successfully share a recognizable set of traits.
You have an unfair, hard-won insight into the problem — usually because you have lived it.
A wedge that is small today but opens onto a market measured in many billions.
Technology, data, or distribution that compounds and gets harder to copy over time.
Teams that ship fast, think from first principles, and communicate with unusual clarity.
A transparent, founder-respecting process. We aim to give every team a clear answer in under two weeks.
A 45-minute conversation with a partner about the problem, the wedge, and why you are the team to win it.
We dig into the market, the product, and the metrics, and reference your past work with people who know it.
You present to the full partnership. We debate openly and reach a clear, conviction-based decision.
Clean, founder-friendly terms, signed fast. From first call to wired funds typically takes two to three weeks.
$500K to $12M for an initial investment, with meaningful reserves set aside for every company we back.
We target 8–15% ownership and are comfortable leading, co-leading, or following the right round.
One board seat at lead stage, founder-friendly terms, and full transparency on everything we ask of you.
If your company maps to our thesis and you are raising a seed or Series A, send us your pitch. We will tell you quickly and honestly where we stand.