Industrial and manufacturing technology investing means underwriting physical, capital-intensive businesses that most software-focused VCs pass on, rewarding firms willing to hold hardware-heavy positions through much longer development timelines than typical SaaS investments.
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 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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Wayfair's 2014 IPO - Battery led the company's first institutional financing round in 2011, after General Partner Neeraj Agrawal recognized the opportunity through a decade-long friendship with co-founder Niraj Shah
Enterprise SoftwareSaaSConsumer InternetIndustrial Technology
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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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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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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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€4.9B (stated as "Asset Under Management" on cdpventurecapital.it, 2026)
Assets Managed
AICybersecurityAgritechClean Energy
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Palo Alto, CA
Founded 2005
Fitbit's 2015 IPO - True Ventures was among Fitbit's first institutional investors, backing the company when it looked like little more than a pedometer in a world with no wearables market yet
ConsumerHardwareMediaAI
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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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Kirkland, WA
Founded 2015
$3.5B+ committed capital (across three funds)
Assets Managed
No confirmed public exit directly attributable to BEV as an investor - the fund instead measures itself by an unusually specific mandate: every company must have credible potential to eliminate at least 1% of global annu…
ClimateEnergyAgricultureIndustrial Technology
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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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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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Tokyo, Japan
Founded 1998
$2.7B+ (the firm's own AUM figure, 2026; the Japanese site prints 運用総額 ¥400B+)
Assets Managed
Timee, Inc. (IPO, Tokyo Stock Exchange Growth Market, 26 July 2024)
FintechBlockchainHealthcareAI
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San Francisco, CA
Founded 2017
No confirmed public exit yet - Base10's clearest proof points are current portfolio companies growing rapidly, including Nubank (NYSE: NU) as one of the firm's larger co-investment wins alongside Notion and Figma, both s…
Industrial TechFintechEnterprise SoftwareAI
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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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San Francisco, CA
Founded 2012
$2B+ personal fund (2026, per CB Insights)
Assets Managed
Airbnb's 2020 IPO - one of dozens of pre-IPO checks across a track record including Coinbase, Instacart, Pinterest, and Roblox
AIFintechSaaSMarketplaces
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San Diego, CA
Founded 2000
$2B+ (150+ active portfolio companies, per NVCA 2026)
Assets Managed
Ring's 2018 acquisition by Amazon for more than $1 billion - Qualcomm Ventures was an early backer of the connected-home company
AI5GAutomotiveIoT
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No confirmed public exit yet - Lowercarbon's flagship bets (Commonwealth Fusion Systems, Charm Industrial, Solugen, Zap Energy) remain private, hard-tech climate companies still working toward commercial deployment
ClimateCarbon RemovalEnergyIndustrial Technology
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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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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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Palo Alto, CA
Founded 2012
$1.8B+ invested to date
Assets Managed
JFrog's September 2020 Nasdaq IPO - DTC published a case study celebrating the DevOps company's public debut, part of a run of exits including Arista, DocuSign, MongoDB, Nutanix, SumoLogic, and Zscaler that generated mor…
AICybersecurityData & AnalyticsEnterprise Software
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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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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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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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San Sebastián, Spain
Founded 2008
More than €1B (Inveready company profile via Tech Barcelona, undated, checked 2026; an earlier dated figure of more than €400M was published as at 28 December 2019)
Assets Managed
PasswordBank Technologies, S.L. (acquired by Symantec)
TechnologyLife SciencesBiotechHealthcare
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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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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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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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Paris, France
Founded 1997
€779M (under management as at 30 June 2026, per the Natixis Investment Managers affiliate page; Seventure's own About page states 1 Md EUR under management as at 30 June 2024)
Assets Managed
Santaris (sold to Roche for USD 450 million, August 2014)
Life SciencesBiotechFoodtechMedical Devices
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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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Sydney, Australia
Founded 2016
$500M+ (the homepage stat block reads "$500m+ / Assets / We manage over $500 million in assets"; the currency is not stated anywhere on the page - negative controls for "A$500 million" and "AUD" both returned not present - and the figure is undated. The firm is Australian but the currency is not asserted here)
Assets Managed
Instaclustr (acquired by NetApp, NASDAQ: NTAP, for more than $500 million, April 2022)
B2B SoftwareSaaSFintechMarketplaces
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Boston, Massachusetts
Founded 2017
$415M (across two funds; Fund II $305M, closed 2024)
Assets Managed
SparkMeter (acquired by Honeywell, 2025)
Climate TechnologyClean EnergyEnergyCarbon Removal
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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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New York, NY
Founded 2019
$330M (Inspired III)
Assets Managed
Financial TechnologyHealthcareArtificial IntelligenceWorkforce and Education
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Washington, DC
Founded 2020
$300M (Fund III, 2025)
Assets Managed
ManufacturingLogisticsDefenseEnergy
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~$270M (as of 2021)
Assets Managed
Early portfolio company Lyft went public on Nasdaq in its 2019 IPO, one of roughly 20 exits from the firm's mobility portfolio alongside nuTonomy's $450 million sale to Delphi in 2017.
MobilityTransportationIndustrial TechnologyEnergy
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San Francisco, CA
Founded 2015
The Athletic's 2022 acquisition by The New York Times for $525 million - Precursor backed the sports media company years before the deal, as one of founder Charles Hudson's earliest bets
SoftwareHardwareConsumer
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Los Angeles, CA
Founded 2016
$160M+ (Fund IV)
Assets Managed
SGNL's acquisition by CrowdStrike for $740 million in 2026 - Fika backed the identity security startup as an early investor, alongside earlier exits like Openpath Security to Motorola Solutions
B2B SoftwareFintechMarketplacesAI Services
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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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Miami Beach, FL
Founded -
Over $150M (the firm's own word is "managing", from its 20 May 2025 Vevolution acquisition release; it does not use the phrase "assets under management", and this is not a fund close)
Assets Managed
FoodtechAgritechFood & AgricultureSynthetic Biology
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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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Vilnius, Lithuania
Founded 2017
€100M (Fund II, launched August 2022; Fund I was €12.5M per EIF)
Assets Managed
Climate TechnologyClean EnergyEnergyMobility
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New York, NY
Founded 2015
$100M (MetaProp Ventures III close, 2021)
Assets Managed
Fund I portfolio company Avail, MetaProp's first investment, was acquired by Realtor.com operator Move, Inc. in December 2020.
ProptechConstruction TechEnterprise Software
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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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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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Chattanooga, TN
Founded 2016
$54M (Fund III close, May 2025)
Assets Managed
No confirmed public exit yet; the firm's notable positions remain private.
LogisticsIndustrial TechMobility
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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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Prague, Czech Republic
Founded 2019
Not publicly disclosed (no AUM figure is published; Fund I was announced in July 2024 at €15M with a €10.5M first close, and the homepage states a current fund size of 17M without naming a currency)
Assets Managed
HealthBiotechIndustrial Tech
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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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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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Tokyo, Japan
Founded 2016
1,030億円 (approx. JPY 103bn; cumulative group AUM stated by the firm on 15 July 2026 on the close of the ninth fund run by SIP)
Assets Managed
AIInfrastructureSmart CitiesFintech
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St. Gallen, Switzerland
Founded 2000
€500m (capital under management, self-reported on the firm's SECA member profile, undated, checked 2026; the firm publishes no AUM figure of its own. Its largest fund is Fund V at €150m, closed at hard cap and announced 28 January 2026)
Assets Managed
Navan (IPO, 2025)
TechnologyConsumerEnergyFoodtech
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Tokyo, Japan
Founded 1990
589億円 (approx. JPY 58.9bn; combined commitments across 13 partnerships as at March 2026 - the firm publishes no AUM figure, and its stated investment balance is 308億円 across 206 companies)
Assets Managed
Money Forward (株式会社マネーフォワード) - IPO, September 2017, listed on the firm's own IPO results page
AISpaceClimate TechnologyTechnology
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Tokyo, Japan
Founded 2006
300億円 (approx. JPY 30bn; the current flagship fund EEI 5号イノベーション＆インパクト投資事業有限責任組合, which the firm said on 15 July 2026 it is managing. The firm separately states a cumulative 690億円 across all funds since 2006 and about 180 investments, which is cumulative and not current AUM)
Assets Managed
Clean EnergyEnergyMobilityTransportation
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Los Angeles, CA
Founded 2013
$50-99M (total assets under management, the range as published in the ImpactAssets IA 50 2023 manager profile; the firm publishes no point AUM figure of its own)
Assets Managed
Rachio (acquisition by Rain Bird, announced 2025)
Clean EnergySmart CitiesIndustrial TechInfrastructure
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Not publicly disclosed
Assets Managed
Machine IntelligenceData ScienceDistributed SystemsAutomation
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San Francisco, California
Founded 2017
Not publicly disclosed
Assets Managed
Supply ChainLogisticsManufacturingRobotics
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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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San Francisco, CA
Founded 2015
Seed investment PlanGrid was acquired by Autodesk for $875 million in 2018, with fellow portfolio company BuildingConnected acquired by Autodesk for $275 million weeks later.
Construction TechProptechB2B SoftwareHardware
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Document Crunch, an AI contract review and compliance platform for construction backed since the firm's first fund, was acquired by Trimble in 2026.
ManufacturingConstruction TechLogisticsIndustrial Technology
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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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Glasgow, United Kingdom
Founded 2009
McKenzie Intelligence Services (sale to Verisk, announced 29 July 2026; 3.0x money multiple for the Maven VCTs)
SoftwareTechnologyCybersecurityFinancial Technology
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Stuttgart, Germany
Founded 2007
Arduino (acquired by Qualcomm, 2025)
AIMachine LearningAutomationSemiconductors
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San Francisco, CA
Founded 2016
Fieldwire (labelled Acquired on the Builders VC companies page)
AgricultureConstruction TechReal EstateConsumer
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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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Beijing, China
Founded 2016
Artificial IntelligenceHealthcareLife SciencesIndustrial Technology
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