Deep tech investing means underwriting genuine scientific and engineering risk - semiconductors, robotics, aerospace, and frontier physics - rather than software business-model risk. The firms below often maintain in-house technical benches of PhDs and former operators specifically to evaluate bets most VCs can't meaningfully assess.
$175B (platform assets, 2022)
Assets Managed
DoorDash's 2020 IPO, which implied a fully diluted valuation of $71.2 billion - CEO Alex Clavel later called it SVF1's best-performing asset, with a $7.3 billion gain on full exit
AIEnterprise SoftwareConsumer InternetLogistics
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Hellerup, Denmark
Founded 1999
€93B (approx.; DKK 694bn total assets under management at 31 December 2025, per the Novo Holdings Annual Report 2025, of which DKK 407bn is the holding in Novo Nordisk)
Assets Managed
Merus N.V. (acquired by Genmab for $8 billion, 2025)
PharmaceuticalsBiotechMedtechHealthcare
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Menlo Park, CA
Founded 1972
Nvidia - an early investor that rode the company to become one of the most valuable in the world
Enterprise SoftwareConsumerAISemiconductors
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Shenzhen, China
Founded 1999
US$50B+ (approx.; the firm's figure is RMB 360.273bn of paid-in capital across all funds it and its subsidiaries manage at 31 December 2024, per its 2025 bond credit rating report - paid-in fund scale, not net asset value)
Assets Managed
SemiconductorsTechnologyRoboticsIndustrial Manufacturing
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Menlo Park, CA
Founded 1995
~$24B raised since inception
Assets Managed
Netflix's 2002 Nasdaq IPO - TCV owned roughly 43% of the company pre-IPO and co-founder Jay Hoag has served on Netflix's board since 1999, watching it grow into a company worth more than $400 billion
Consumer InternetSaaSFintechMedia
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Menlo Park, CA
Founded 1972
Google's 2004 IPO - the firm's $12.5 million bet alongside Sequoia Capital remains one of the most celebrated investments in venture capital history
Enterprise SoftwareConsumer InternetHealthcareAI
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Palo Alto, CA
Founded 2012
$20.78B (RAUM, Form ADV 2026)
Assets Managed
Nubank's 2021 NYSE IPO - Ribbit was an early backer of the Brazilian neobank, which reached a market capitalization of roughly $67.4 billion by July 2026
FintechCryptoConsumer InternetAI
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Beijing, China
Founded 2002
US$16.26B (RMB 114.322bn / ￥1143.22亿 of assets under management as of end-2025, stated by the firm on its own About page in both Chinese and English)
Assets Managed
WH Group (万洲国际), the combination of Shuanghui and Smithfield, IPO on the Hong Kong Stock Exchange, August 2014
ConsumerHealthcareHard TechB2B
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Menlo Park, CA
Founded 2004
Block (formerly Square)'s 2015 IPO, one of fintech's defining public debuts
Clean EnergyAIDeep Tech
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Santa Clara, CA
Founded 1991
$12.9B invested since 1991 (cumulative capital deployed)
Assets Managed
No single signature exit - Intel Capital's scale is cumulative: since 1991 it has invested $12.9 billion across more than 1,582 companies worldwide, with 692 reaching an IPO or acquisition, including current public holdi…
AICloud InfrastructureCybersecurity5G
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San Francisco, CA
Founded 2018
No traditional Paradigm-portfolio IPO exit - the firm's clearest proof points are Fund III bets Zipline (drone delivery, valued at $7.6 billion) and True Anomaly (space defense, valued at $2.2 billion), both still privat…
CryptoAIDeep TechFintech
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$12B (following $3B+ Fund XIII, September 2024)
Assets Managed
Karuna Therapeutics' December 2023 acquisition by Bristol Myers Squibb for $14 billion - one of Robert Nelsen's earliest bets at the firm
BiotechHealthcareAIDeep Tech
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San Francisco, CA
Founded 2005
SpaceX's June 2026 IPO - an estimated ~80x return on Founders Fund's original stake
AerospaceDefense TechHard Tech
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Palo Alto, CA
Founded 2015
$10B+ (following $1.3B Fund VI + Early Growth Fund III close, April 2026)
Assets Managed
No single dollar-verified signature exit - Eclipse instead builds a defense-heavy 'connected industrial economy' of companies that share infrastructure and talent, including True Anomaly (autonomous spacecraft), Blue Wat…
RoboticsAI InfrastructureManufacturingDefense
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Beijing, China
Founded 2008
US$9.5B+ (approx.; the firm's figure is RMB 70B+ 管理规模 on its own About page, undated, checked 2026 - no USD figure is published by the firm)
Assets Managed
Deep TechIndustrial TechHealthcareFrontier Technologies
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New York, NY
Founded 2000
Auris Health's 2019 acquisition by Johnson & Johnson for up to $6.1 billion - Lux first invested in the surgical robotics company in 2012, seven years before the deal
Deep TechAIHealthcareDefense Tech
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Tokyo, Japan
Founded 1973
$6.8B (¥1 trillion, 2025)
Assets Managed
Mercari's 2018 Tokyo Stock Exchange IPO - one of over 1,041 portfolio IPOs JAFCO has facilitated since its founding, more than any other Japanese venture firm
Enterprise SoftwareFintechRoboticsHealthcare
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Wish's NASDAQ IPO in December 2020 at a $14.1 billion valuation - Joe Lonsdale was an early institutional investor in the e-commerce company
Enterprise SoftwareDefense TechHealthcareAI
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Shanghai, China
Founded 2008
Xiaomi's 2018 Hong Kong Stock Exchange IPO - 5Y (then Morningside) was Xiaomi's first institutional backer, realizing a reported 800x return on its original investment as the company grew into one worth roughly $170 bill…
AIConsumer InternetEnterprise SoftwareDeep Tech
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San Francisco, CA
Founded 2018
No confirmed public exit yet for Bond's own portfolio - the firm's clearest proof point remains Canva, backed since 2019 at a $70 million investment and now valued at $42 billion while still privately held
Enterprise SoftwareConsumerDeep Tech
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Paris, France
Founded 1972
€4B+ (~$4.4B)
Assets Managed
Shockwave Medical's acquisition by Johnson & Johnson in 2024 - a cardiovascular device company Sofinnova supported for more than a decade, one of 25 IPOs and 30 acquisitions across the firm's 50-plus year history
HealthcareDeep Tech
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Palo Alto, CA
Founded 2011
Blue River Technology's 2017 acquisition by John Deere for $305 million - an agricultural robotics bet that landed years before machine vision became standard in farming equipment
Deep TechClimateHealthcareDefense Tech
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Hangzhou, China
Founded 2004
US$3.8B+ (approx.; the firm's figure is over RMB 27 billion of managed asset scale, 管理资产规模超270亿元, reported April 2024 - no USD figure is published by the firm)
Assets Managed
Hard TechHealthcareConsumerMedia
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$3.5B (shown under the label "AUM" in the "Z47 by the Numbers" section of the firm's own homepage, checked 2026; the page carries no as-of date)
Assets Managed
AISoftwareFintechConsumer
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San Francisco, CA
Founded 2011
Coinbase's 2021 direct listing - Initialized was an early backer of the exchange, which carried a market capitalization of roughly $41.9 billion by July 2026
Enterprise SoftwareAIInfrastructureConsumer
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Palo Alto, CA
Founded 1969
Apple's December 1980 NASDAQ IPO - Venrock invested $288,000 for roughly 10% equity in 1978, one of more than 112 IPOs across the firm's history, alongside Intel's 1971 IPO and Gilead Sciences
HealthcareEnterprise SoftwareConsumerDeep Tech
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Beijing, China
Founded 2009
No portfolio company has completed a major international IPO yet - Sinovation instead measures itself through China-market listings for Megvii and 4Paradigm, and founder Kai-Fu Lee's own prior AdMob-adjacent track record…
AIDeep TechEdtech
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Menlo Park, CA
Founded 1969
Lyft's 2019 IPO - one of Mayfield's most recognizable public outcomes, still held in the firm's portfolio today
AIEnterprise SoftwareSemiconductors/Deep TechCybersecurity
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Seoul, South Korea
Founded 1999
SentinelOne's 2021 NYSE IPO under ticker S - one of 24 IPOs across Samsung Ventures' 25-year history, alongside acquisitions and stakes in Niantic and Swiggy
AIDeep TechCybersecurityIndustrial Tech
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Cambridge, MA
Founded 1980
Akero Therapeutics' $4.7 billion acquisition by Novo Nordisk in 2025, expanding its MASH treatment portfolio - one of Atlas's clearest recent wins, alongside Nimbus Therapeutics' $4 billion TYK2 licensing deal with Taked…
HealthcareDeep Tech
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Paris, France
Founded 1982
€2.5B (~$2.7B)
Assets Managed
No single confirmed signature exit - Partech instead measures itself by breadth and duration: 220-plus active portfolio companies across 40 countries and four continents, built over more than four decades since its 1982 …
FintechDeep TechEnterprise SoftwareEnergy
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Seoul, South Korea
Founded 1990
$2.3B (approx.; the firm's figure is ₩3.236 trillion stated as 운용자산(AUM) across 45 funds, per Asia Economy, 26 August 2026 - no USD figure is published by the firm)
Assets Managed
Synap Soft (사이냅소프트) - KOSDAQ listing, November 2024
AIDataRoboticsSaaS
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$2B+ (owned by The Carlyle Group since 2022)
Assets Managed
Clovis Oncology's NASDAQ IPO under ticker CLVS - one of 73-plus IPOs across Abingworth's 50-year history, alongside Algeta's acquisition by Bayer in 2014 and early pre-biotech-pivot stakes in Apple and Silicon Graphics
HealthcareDeep Tech
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San Mateo, CA
Founded 1985
Tesla's 2010 NASDAQ IPO and Baidu's 2005 NASDAQ IPO - two of Tim Draper's earliest and most iconic public-market bets, alongside Coinbase's 2021 direct listing decades later
CryptoAIDeep TechFintech
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Zurich, Switzerland
Founded 2012
€2B+ ($2B+)
Assets Managed
Spotify's 2018 New York Stock Exchange direct listing - one of Klaus Hommels' early European conviction bets, made years before the streaming company reached mainstream household status
FintechDeep TechDefense & Dual-UseConsumer Internet
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Berlin, Germany
Founded 1997
€2B+ (~$2.2B)
Assets Managed
TeamViewer's 2019 IPO and Delivery Hero's 2017 IPO - two of Earlybird's clearest public-market outcomes; Babylon Health also completed a roughly $4.2 billion SPAC merger in 2021, though the company later collapsed into a…
FintechDeep TechHealthcareConsumer
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£2B (~$2.6B)
Assets Managed
Depop's $1.6 billion acquisition by Etsy in 2021 - an early Octopus Ventures backer of the fashion resale marketplace, alongside continued positions in Zoopla and SwiftKey
Deep TechHealthcareFintechConsumer
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San Jose, CA
Founded 2011
Over US$2B (in assets under management, per the firm's own boilerplate of 16 September 2025; its 28 July 2026 release states it manages over 40 funds and over US$2B in assets. An earlier dated figure was US$1.5B as at 10 March 2021)
Assets Managed
Artificial IntelligenceAutomotiveFintechDeep Tech
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~$2B (the firm's About Us page states "AUM of ~$2 billion since 2011 across seven USD funds", checked 2026; the Chinese-language site states 资产管理规模近20亿美元, which agrees)
Assets Managed
Deep TechAIInternetConsumer
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Hangzhou, China
Founded 2015
Near US$2B (total AUM, per the firm's own English site, checked 2026; its Chinese site states 总管理规模超150亿人民币, over RMB 15 billion, which is consistent)
Assets Managed
TechnologyHard TechHealth Tech
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Arlington, VA
Founded 1999
Not publicly disclosed (Fortune's independent estimate: at least $1.8B deployed since 1999, based on 26 years of tax filings)
Assets Managed
Palantir's 2020 NYSE direct listing under ticker PLTR - In-Q-Tel invested roughly $2 million in 2003, when it and the CIA were essentially the company's only backers and only customers, years before Palantir's valuation …
AICybersecurityDeep TechDefense Tech
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Palo Alto, CA
Founded 2015
Early backer of MosaicML, which Databricks acquired for approximately $1.3B in 2023
RoboticsAIBiotechClimate
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£1.525B gross portfolio value / £1.324B net assets (as of March 31, 2026)
Assets Managed
UiPath, which Molten highlights at a $35.8 billion closing price post-IPO
Enterprise SoftwareFintechDeep TechHealthcare
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Princeton, NJ
Founded 1995
$1.5B (as of 2023)
Assets Managed
No single dollar-verified signature exit - SOSV instead measures itself by cumulative deep-tech scale: more than 1,000 portfolio companies since inception, with in-house wet labs and hardware fabrication facilities built…
Deep TechBiotechClimateHardware
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Palo Alto, CA
Founded 2010
$1.5B+ (across five funds)
Assets Managed
Blue River Technologies' acquisition by John Deere - one of Dror Berman's earliest and most defining bets, alongside Uber and SoFi both reaching public listings and Astra completing a SPAC merger
AIDeep TechClimate
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San Francisco, California
Founded 2018
$1.5B (aggregate capital commitments, ACME press release, February 2022)
Assets Managed
IonQ (IPO via SPAC merger, 2021)
Deep TechAIDefense TechHealthcare
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Sydney, Australia
Founded 2004
$1.5B (firm homepage, 2026; Debt $815M and Venture $660M - the site prints no currency code, so the currency is unresolved and no conversion has been applied)
Assets Managed
Food & AgricultureHealthcareClimateDefense Tech
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US$1.5B+ (approx.; the firm's own homepage states approximately RMB 10 billion across its RMB funds plus a US$100 million fund, undated, read 2026 - no USD total is published by the firm)
Assets Managed
Clean EnergySemiconductorsDefense TechTechnology
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No confirmed exit yet - OSE operates a deliberately patient, evergreen model with no fixed fund life, and its 125-plus Oxford spinout companies remain privately held with a combined value exceeding £1.1 billion
Deep TechHealthcareIndustrial Tech
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Bonn, Germany
Founded 2005
€1.4B+ (following Fund IV launch)
Assets Managed
CureVac's August 2020 Nasdaq IPO - HTGF backed the mRNA vaccine developer as a seed-stage investor years before it became a household name during the COVID-19 pandemic
Deep TechHealthcareClimateEnterprise Software
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Xi'an, China
Founded 2013
US$1.4B+ (approx.; the firm's figure is 累计总规模超100亿元, over RMB 10bn of cumulative fund scale under management, on its own About page - undated, with accompanying portfolio data as at end-April 2024. A March 2026 huxiu article puts it at 管理规模超160亿元)
Assets Managed
源杰科技 (Yuanjie Semiconductor Technology, Shanghai STAR Market, 688498.SH), which the firm's own 关于我们 page names first among the hard-technology companies it has invested in and incubated. Recorded as a portfolio listing, …
SemiconductorsArtificial IntelligenceAerospaceBiotech
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Bengaluru, India
Founded 2006
$1.3B (across seven funds)
Assets Managed
PolicyBazaar's 2021 IPO on the NSE and BSE - Chiratae was an early backer of the Indian insurance aggregator, one of five IPOs the firm has taken portfolio companies through
Consumer InternetFintechHealthcareDeep Tech
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Menlo Park, CA
Founded 2004
Nest Labs' $3.2 billion acquisition by Google in January 2014 - Rob Coneybeer personally led Shasta's Series A investment, a roughly 20x return that essentially repaid the firm's entire second fund
Enterprise SoftwareCybersecurityDeep TechConsumer
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Seongnam, South Korea
Founded 1999
$1.1B (approx.; the firm's figure is ₩1.58 trillion / 15,800억원 of assets under management as of 31 March 2026, stated on its own company page under the label "Asset Under Management")
Assets Managed
SEMIFIVE (세미파이브) - IPO on 29 December 2025. Numbers reported in January 2026 that Mirae Asset Venture Investment had invested a total of 363억원 (KRW 36.3 billion) and booked 292억747만원 (KRW 29.21 billion) of investment gai…
BiotechTechnologyGamingSemiconductors
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Munich, Germany
Founded 2016
€1B (committed by Siemens for the unit's first five years, 2016)
Assets Managed
Noname Security (acquired by Akamai, 2024)
Enterprise SoftwareInfrastructure SoftwareCybersecurityRobotics
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Dublin, Ireland
Founded 2004
Over €1B (of assets under management across eight funds, stated on the firm's own About Us page and homepage, checked 2026)
Assets Managed
Movidius (acquired by Intel, 2016), named as an Atlantic Bridge portfolio exit in Elaine Coughlan's and Brian Long's bios on the firm's team page and covered in the firm's own news index entry "Intel to acquire Movidius"…
TechnologyDeep Tech
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Over $1B (under management, per the firm's own About page, checked 2026; the same page lists Fund 1 at $240M, Fund 2 at $310M and Fund 3 at $450M, which sum to $1B, so the figure tracks cumulative fund capital rather than a dated mark-to-market AUM)
Assets Managed
Cylite (acquisition, 2024)
Deep TechSpaceClimateEnergy
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Madrid, Spain
Founded 2023
€750M (first close of Kembara Fund I announced 4 February 2026; €1B target, CNMV-registered capacity up to €1.25B)
Assets Managed
Deep TechAIClimate TechnologyRobotics
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Los Altos, CA
Founded 2018
$925M including SPVs (co-founders to TechCrunch, April 2023)
Assets Managed
MosaicML, the generative AI platform in Future Ventures' portfolio, was acquired by Databricks in 2023 in a deal valued at $1.3 billion.
Deep TechSpaceRoboticsQuantum
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Santa Clara, CA
Founded 2021
Not publicly disclosed (invests directly off NVIDIA's balance sheet; reported $872M+ in investments over a single nine-month period in 2023)
Assets Managed
No traditional exit framework applies - as a strategic corporate fund investing directly off NVIDIA's balance sheet, NVentures measures success through ecosystem growth rather than fund-style liquidity events; its portfo…
AIDeep TechIndustrial Tech
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Los Altos, CA
Founded 2017
$800M+ (following two additional $150M funds, 2024)
Assets Managed
No public exit yet - Toyota Ventures' clearest proof point remains Nuro, the self-driving delivery company it backed early, which stays private, alongside continued frontier bets in generative AI, e-fuels, space commerci…
AIRoboticsClimateEnterprise Software
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Paris, France
Founded 2017
More than €800M (under management, October 2025, per the firm's own site: "From 200 million euros under management at its creation, the company now manages more than 800 million"; an earlier firm release of 21 March 2024 said more than €750 million)
Assets Managed
Gleamer (sale to RadNet, 2026)
Deep TechHealthcareIndustrial TechnologyTechnology
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Cambridge, United Kingdom
Founded 2018
Not publicly disclosed (>$800M cited by the EU-Startups investor profile; Ahren's own site states over $100M at Fund I first close in 2018)
Assets Managed
Graphcore (acquired by SoftBank, 2024)
Deep TechAILife SciencesRobotics
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Paris, France
Founded 1997
€700M (assets under management, stated on 360cap.vc and in the firm's March 2026 Poli360 2 announcement)
Assets Managed
Withings (acquired by Nokia, 2016)
Deep TechClimateAIRobotics
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Portfolio company Nauticus Robotics went public on Nasdaq in September 2022 through a SPAC merger with CleanTech Acquisition Corp, with Material Impact remaining a major shareholder.
Deep TechHard TechAdvanced ManufacturingRobotics
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Berlin, Germany
Founded 2014
Approximately €650M (across 15 funds, reported 31 August 2026 by EU-Startups; the firm's own Redstone Global Ventures ELTIF page states 600m "Assets Under Mangement" [sic] but carries no date)
Assets Managed
FintechDeep TechIndustrial TechEnergy
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Seraphim Space Investment Trust's own IPO on the London Stock Exchange in 2021 - an unusually direct exit for a venture firm, since the growth-stage fund itself went public, alongside nine unicorns and six IPOs across th…
Deep TechAIDefense Tech
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New York, NY
Founded 2007
$550M (across two new funds, as of October 2025)
Assets Managed
Flatiron Health's $1.9 billion acquisition by Roche in 2018 - BoxGroup was an early investor in the healthcare data company, one of several major exits alongside PillPack, Matterport, and Trello
FintechEnterprise SoftwareConsumerDeep Tech
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San Francisco, CA
Founded 2019
$525M across two funds
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
ClimateDeep TechClimate TechnologySustainability
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Berlin, Germany
Founded 2016
$500M (across three funds)
Assets Managed
No public exit - BlueYard's crypto-native thesis means outcomes come as token appreciation rather than IPOs; the firm's clearest proof points are co-founders O'Leary and Whitmire's pre-BlueYard bets on Wunderlist (acquir…
CryptoDeep TechDefense Tech
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Santa Monica, CA
Founded 2015
~$500M (across its main fund and dedicated vehicles, per third-party reporting)
Assets Managed
No single dollar-verified signature exit - BOLD's clearest proof points are two portfolio companies that reached the public markets via Hong Kong listings: Insilico Medicine (HKEX: 3696) and Deep Longevity (SEHK: 0575)
AIHealthcareRoboticsClimate
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Singapore, Singapore
Founded 2012
US$500M (total assets under management, stated on wavemaker.vc)
Assets Managed
Wavecell (acquired by 8x8, 2019)
Enterprise SoftwareDeep TechSustainability
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Abu Dhabi, United Arab Emirates
Founded 2017
US$500M (approximate assets under management stated on shorooq.com/about, up from US$2M at founding)
Assets Managed
FintechEnterprise SoftwareAIFrontier Technologies
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Salt Lake City, UT
Founded 2008
$500M+ (the firm's own FAQ Quick Facts line "Assets under management: $500M+", checked 2026; earlier dated figures were over $250M in April 2020 and nearly $500M in March 2023)
Assets Managed
Angel Studios (NYSE: ANGX, listed via SPAC merger with Southport Acquisition Corporation, September 2025); listed under the "Exits" heading on Kickstart's own partner biography pages.
AIEnterprise SoftwareSaaSFintech
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Stockholm, Sweden
Founded 1979
$470M (approx.; the firm states "5 billion SEK in assets" on its homepage and "assets of over 7 billion SEK" on its About us page, both undated and unreconciled on the same date, so the lower is taken)
Assets Managed
Deep TechLife SciencesNew Technology
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Menlo Park, CA
Founded 2015
$465M (across funds)
Assets Managed
IonQ's 2021 SPAC merger with dMY Technology Group III, becoming the world's first publicly traded pure-play quantum computing hardware and software company (NYSE: IONQ) - Airbus Ventures was directly named a key IonQ inv…
Deep TechAIDefense TechClimate
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Cambridge, MA
Founded 1977
Oculus VR's 2014 acquisition by Facebook for approximately $2.3 billion - Matrix backed the company at an early stage
AIInfrastructureFintechSemiconductors
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Santa Clara, CA
Founded 2006
Enphase Energy's NASDAQ IPO - one of more than a dozen exits Global Head Anand Kamannavar has led, alongside Adesto Technologies' NASDAQ listing and Voltaix's acquisition by Air Liquide
Deep TechAIIndustrial Tech
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San Francisco, CA
Founded 2008
$400M target, Fund V, announced January 2025 ($160M secured at announcement)
Assets Managed
Affirm and Opendoor, both of which the firm's own team page states Raymond Tonsing backed from seed through to IPO.
Enterprise ApplicationsFintechDeep TechAI
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San Francisco, CA
Founded 2017
Not publicly disclosed (Quiet Venture III had raised $377M per a November 2024 SEC filing, reported by Reuters)
Assets Managed
Reddit (IPO, 2024)
AIFintechCryptoHealthcare
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Toronto, Canada
Founded 2017
$350M+ (Fund II, $471M CAD, closed 2019)
Assets Managed
Layer 6 AI's acquisition by TD Bank Group in January 2018, roughly 15 months after founding - co-founders Jordan Jacobs and Tomi Poutanen sold the company before turning to build Radical Ventures full-time (deal value un…
AIMachine LearningDeep Tech
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New York, NY
Founded 2019
$330M (Inspired III)
Assets Managed
Financial TechnologyHealthcareArtificial IntelligenceWorkforce and Education
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Portola Valley, CA
Founded 2008
$300M+ (across three funds)
Assets Managed
Yandex's NASDAQ IPO and Xometry's NASDAQ IPO - two of Almaz's clearest public-market outcomes, alongside QIK's acquisition by Skype, Sensity Systems' acquisition by Verizon, and Acumatica's sale to EQT
AIDeep TechCybersecurityEnterprise Software
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San Mateo, CA
Founded 1982
$265M (Fund XIII, 2023)
Assets Managed
Enterprise SoftwareAICybersecurityCloud Infrastructure
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Helsinki, Finland
Founded 2018
€260M (stated as "260M€ Assets under management" on the firm's own About page, checked 2026; the page gives no as-of date)
Assets Managed
Deep TechConsumer ProductsSoftwareTechnology
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Lisbon, Portugal
Founded 2018
€244M (stated as "€244M of AUM" on the firm's own homepage, checked 2026; no as-of date is given for the figure)
Assets Managed
SaaSAIDeep TechSpace
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Indianapolis, IN
Founded 2011
$222M (published by the firm on its own team page, read 2026, in the words "To date we have $222 million AUM"; the page gives no as-of date)
Assets Managed
Adranos (acquired by Anduril Industries, announced 25 June 2023)
SoftwareLife SciencesHard TechConsumer Products
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Paris, France
Founded 2018
€220M, 2026 Quantonation II close (€91M Fund I, 2018 vintage)
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
QuantumDeep Tech
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San Francisco, CA
Founded 2021
$186M (Fund I, closed 2022)
Assets Managed
No confirmed exit yet - Shield's clearest proof point is its oversubscribed $186 million debut fund, closed 55% above target, and its strategic partnership with L3Harris Technologies to pursue dual-use defense and commer…
AICybersecurityDefense TechDeep Tech
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New York, NY
Founded 2009
$160M+ (Fund VI)
Assets Managed
No public portfolio exit yet - Eniac has focused exclusively on seed-stage investing since 2009
TechnologySoftwareRoboticsSaaS
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$160M+ (Fund V)
Assets Managed
Performix's acquisition by Honeywell in 2021 - one of several strategic exits in Mercury's two-decade Midcontinent-focused portfolio, alongside PactSafe's acquisition by Ironclad
AIBlockchainFrontier TechnologiesDefense & Security
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San Francisco, CA
Founded 2013
$150M+ (Fund III, closed 2022)
Assets Managed
No confirmed large exit yet - Root's portfolio, including Particle and Pivot Bio, remains largely private, reflecting the longer development timelines typical of deep tech and hardware-enabled startups
Deep TechIndustrial TechAI
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Paris, France
Founded 2015
$130M (2023, after $75M Fund II close)
Assets Managed
Smart checkout cart maker Caper, an early HCVC investment, was acquired by Instacart for about $350 million in October 2021.
Deep TechRoboticsIndustrial Tech
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Bengaluru, India
Founded -
$106M (Fund I final close, April 2022; Fund II launched 2023 with a $180M target, no final close published)
Assets Managed
AIFintechSaaSDeep Tech
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New York, NY
Founded 2014
$100M+ across three investment vehicles
Assets Managed
B2B SoftwareVertical SaaSFintechHealth Tech
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San Francisco, CA
Founded 2016
$90M fund raised in 2021, following an initial $5M first fund
Assets Managed
Deep TechClimateSynthetic BiologyFood & Agriculture
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San Francisco, CA
Founded 2016
$70M (Fund IV, 2026)
Assets Managed
Deep TechDefense TechClimateBiotech
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Luxembourg City, Luxembourg
Founded 2024
€70M (Fund I first close, 2025)
Assets Managed
Deep TechDefense TechSpaceHealthcare
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Los Altos, CA
Founded 2010
Not publicly disclosed (no AUM figure is published; fund sizes only - TSVC Fund V reported a $57.36M offering fully sold in August 2023, and Fund VI a $120M offering with $19.6M sold as at April 2026)
Assets Managed
Zoom (IPO, 2019)
AIRoboticsAdvanced ManufacturingEnergy
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$50M (Fund I target at 2022 launch, $25M committed)
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
RoboticsIndustrial TechAILogistics
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Not publicly disclosed (no AUM figure is published; the largest first-party fund figure is Texas Fund II, LP, a $50M offering with $7.2M sold per its Form D of 24 February 2026 - an offering size, not AUM)
Assets Managed
Firefly Aerospace (Nasdaq IPO, 2025)
SpaceEnergyDefenseHealthcare
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Palo Alto, CA
Founded 2009
$42M+ (current fund)
Assets Managed
Twilio's 2016 IPO - Manu Kumar was Twilio's earliest investor, backing the company years before it became a public cloud communications giant
Pre-SeedNew TechnologyNew Markets
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New York, NY
Founded 2025
$30M+ (debut fund)
Assets Managed
No public exit yet - Worldbuild closed its debut fund in 2026 and is still building its earliest cohort, including SF Compute and Browserbase
AI InfrastructureDeveloper ToolsAerospaceEnergy
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New York, NY
Founded 2014
$29M+ (latest fund)
Assets Managed
Rent the Runway's 2021 Nasdaq IPO - Female Founders Fund was an early backer of Jennifer Hyman's marketplace years before its public debut
Digital HealthAI-First Vertical SoftwareBeauty & Personal CareDeep Tech
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New York, NY
Founded 2023
$25.9M (debut fund, closed January 2026)
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
BiodiversityClimateDeep Tech
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Not publicly disclosed (no AUM figure is published; the Form D figures are $16.3M sold on a $50M Fund I offering, $56.4M sold on Fund II, and $31.35M sold on a $60M Fund III as at January 2026 - offering and sold figures, not AUM, and not summed)
Assets Managed
AI/MLSaaSFintechDeep Tech
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Singapore, Singapore
Founded 2018
Not publicly disclosed (no AUM figure is published; fund sizes only - Fund I launched in 2021 at $15M, and Fund II was announced on 10 August 2022 as a $100M fund at a first close, with no amount disclosed and no final close found)
Assets Managed
Kakarot (acquired by Zama; the firm states it co-led Kakarot's seed round in 2023, and published on the acquisition on 6 November 2025)
AIRoboticsCryptoBlockchain
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Zug, Switzerland
Founded 2006
$1.4bn+ (assets under management across 8 funds, stated by the firm on redalpine.com)
Assets Managed
Robinhood (IPO, 2021)
Frontier TechnologiesHealthcareBiotechFintech Infrastructure
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more than $1.2 billion
Assets Managed
Portfolio company Energy Vault, whose Series C the firm led as an existing investor, went public on the NYSE in February 2022 via SPAC merger with Novus Capital Corporation II.
Deep TechEnergyTransportationManufacturing
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Cambridge, MA
Founded 2016
$1.1 billion
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
Deep TechHard TechClimateEnergy
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New York, NY
Founded 2012
Over $1 billion (across four institutional funds)
Assets Managed
Portfolio company Rocket Lab became publicly traded on Nasdaq as RKLB through its merger with Vector Acquisition Corporation in August 2021.
SpaceSatellitesDeep Tech
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Tokyo, Japan
Founded 2004
1,300億円 (approx. JPY 130bn; UTEC's own cumulative total across six flagship funds as of June 2026, which is cumulative and not AUM. The most recent, UTEC6, is approximately 460.8億円)
Assets Managed
TIER IV, Inc. (IPO on the Tokyo Stock Exchange Growth Market, 22 July 2026, code 593A)
Life SciencesHealthcareTechnologyDeep Tech
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Paris, France
Founded 2002
EUR 850M (assets under management, French press at the DTS3 final close, March 2026)
Assets Managed
Criteo (IPO, Nasdaq 2013)
Deep TechAIB2B SoftwareDigital Health
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Munich, Germany
Founded 2011
EUR 800M (assets under management, stated on uvcpartners.com)
Assets Managed
Vimcar (acquired by Battery Ventures, 2023)
Deep TechB2B SoftwareClimate TechnologyMobility
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Paris, France
Founded 2015
EUR 700M (under management, stated on breega.com)
Assets Managed
FintechSaaSClimate TechnologyDeep Tech
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Menlo Park, CA
Founded 2015
Firm states it 'manages nearly $600 million' (Autotech Ventures press release, 17 December 2025). The release does not use the term assets under management, so this is recorded as the firm's own wording rather than a stated AUM figure.
Assets Managed
MobilityTransportationAIDeep Tech
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San Francisco, CA
Founded 2013
Portfolio company Bear Flag Robotics, an autonomous tractor startup, was acquired by John Deere for $250 million in 2021.
Food & AgricultureAgritechFoodtechDeep Tech
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Leuven, Belgium
Founded 2017
EUR 300 million (Fund II final close, May 2024; Fund I of EUR 117 million closed 2018)
Assets Managed
Optical interconnect portfolio company Celestial AI was acquired by Marvell Technology in a deal announced in December 2025 at $3.3 billion and completed in early 2026.
SemiconductorsDeep TechAI
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More than $250 million (stated at Fund IV close, October 2024)
Assets Managed
Skin microbiome company Azitra, a KdT Fund I portfolio company, completed its initial public offering on NYSE American in June 2023 and trades under the ticker AZTR.
BiotechLife SciencesDeep TechHealthcare
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Tokyo, Japan
Founded 2014
300億円以上 (over JPY 30bn managed across multiple funds, stated in the firm's own 3 June 2024 rebranding release and repeated in its 26 July 2024 Global Fund II release)
Assets Managed
QD Laser (IPO on the Tokyo Stock Exchange Mothers market), named in the firm's own bio for Executive Director Sou Yanbe as one of his major portfolio companies. The listing year is not stated on that page and has not bee…
Deep Tech
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Wavre, Belgium
Founded 2004
EUR 128M (funds under management, stated on vivesfund.com)
Assets Managed
The Akkermansia Company (acquired by Danone, 2025)
Life SciencesBiotechAgritechMedical Devices
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Menlo Park, CA
Founded 2012
Not Disclosed
Assets Managed
Early investor in Ring, the smart doorbell company Amazon acquired in 2018 for a reported ~$1B
RoboticsConsumer
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Landshut, Germany
Founded 1995
Not publicly disclosed
Assets Managed
Deep TechHealthcareClimateEnterprise Software
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Cambridge, UK
Founded 1997
Not publicly disclosed
Assets Managed
Deep TechAICybersecurityHealthcare
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Not publicly disclosed
Assets Managed
Machine IntelligenceData ScienceDistributed SystemsAutomation
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New York, NY
Founded 2016
Not publicly disclosed
Assets Managed
Artificial IntelligenceFintechBiotechDefense Tech
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San Francisco, California
Founded 2017
Not publicly disclosed
Assets Managed
Supply ChainLogisticsManufacturingRobotics
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Berlin, Germany
Founded 2016
Not publicly disclosed (no fund size or AUM figure published on atlantic.vc; SFDR page names Atlantic Labs 3 and Atlantic Labs 4 GmbH & Co. KG without amounts)
Assets Managed
Cluno (acquired by Cazoo, 2021)
AIDeep TechClimateRobotics
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Los Angeles, CA
Founded -
Portfolio company Toast, the restaurant software platform, went public on the NYSE as TOST in September 2021 in a debut that valued the company at about $20 billion.
Hard TechDefense TechRoboticsSpace
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New York, NY
Founded 2018
Portfolio company Standard Nuclear, the Oak Ridge TRISO nuclear fuel maker, completed its initial public offering on the NYSE as STDN in July 2026.
Defense TechNational SecurityEnergyAerospace
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San Francisco, CA
Founded 2019
Metal 3D printing company Velo3D, which Piva backed at its 2020 Series D, went public on the NYSE via SPAC merger in September 2021.
Industrial TechnologyEnergyDeep TechClimate
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Not publicly disclosed (an evergreen fund that reinvests the proceeds of its investments; its own releases state over $115 million invested in more than 185 companies since 1978, which is cumulative capital deployed, not AUM)
Assets Managed
JetCool Technologies (acquired, November 2024)
Deep TechAdvanced ManufacturingAIRobotics
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Tokyo, Japan
Founded 2006
Not publicly disclosed (no AUM figure is published; the firm's own page lists three managed funds totalling 160億円 of committed fund size - 50億円, 60億円 and 50億円 - which is fund size, not AUM)
Assets Managed
note (Piece of Cake, Inc.) - IPO. Listed under the IPO heading on CyberAgent Capital's own profile page for Yuya Takegawa; no date is given there.
AIB2BEcommerceMedia
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Stuttgart, Germany
Founded 2007
Arduino (acquired by Qualcomm, 2025)
AIMachine LearningAutomationSemiconductors
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Santa Monica, CA
Founded 2019
Superhuman (Grammarly announced its intent to acquire it on 1 July 2025; Mantis lists Superhuman under Acquisitions on its own portfolio page)
AI/MLEnterpriseFrontier TechnologiesHealthcare
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Zurich, Switzerland
Founded 2019
Insightness (acquired by Sony)
RoboticsAutomationArtificial IntelligenceMachine Learning
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Lyon, France
Founded 2017
Trustpair (acquired by Basware, announced by Axeleo Capital on 26 August 2026)
CybersecurityAIData InfrastructureFintech
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Portland, OR
Founded 2011
Auth0 (acquired by Okta)
TechnologyConsumer ProductsClimate TechnologyHealthtech
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Shanghai, China
Founded -
MiniMax (Hong Kong Stock Exchange listing, January 2026)
Deep TechAIPhysical AIEnterprise Software
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