We invest in startups creating value at the intersection of the physical and digital worlds.
The name of our syndicate (TRL or Technology Readiness Level) originates from NASA technology development and is a scale used to assess the maturity level of a particular technology. TRL 6 reflects for the first time an integrated prototype *system* demonstrated in an environment similar to an eventual customer deployment.
Our syndicate applies the following criteria:
- Intersection with the physical world. Software to securely control, manipulate or interact with the physical world
- Technology readiness. Defensible technology at or after TRL 6
- Market readiness. Economics, market timing, capitalization requirements and go-to-market pass the sniff test for venture scale
- Global market impact. Have potential to scale globally, even if initial GTM is constrained
About the Team
We have transitioned more than 8 connected systems ($5-75M+) from concept to scaled production across government, corporate and startup environments. This has resulted in fielding systems in space; in the air; on the ground; indoors and at sea.
Expertise at helping hardware startups become investable software businesses. Bias towards world positive projects; and moving quickly.
We review a handful of deals per quarter.
The Investments listed below are those that have Angel List accounts and is an incomplete list.