deep tech

‘Utopian’ city California Forever announces huge tech manufacturing park 

Startups /

California Forever announced on Thursday plans to build a massive manufacturing park called Solano Foundry, the newest addition to its master-planned “utopian” city backed by a group of Silicon Valley billionaires. Solano Foundry is 2,100 acres that can host 40 million square feet of advanced tech manufacturing space. The manufacturing park will be built as […]

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Rocket Lab backer Outset raises $25M to fund New Zealand’s deep tech moonshots

Climate /

New Zealand’s deep tech ambitions just got a $25 million boost.  Outset Ventures, the Auckland-based venture firm and incubator that spun out unicorns like Rocket Lab and LanzaTech, has closed its second fund at an oversubscribed $41.5 million NZD.  The fund’s mission is to back startups working on hard science and engineering breakthroughs – technologies

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From fintech to space tech: Robinhood co-founder Baiju Bhatt is betting on space solar

Startups /

As the interest in both space and solar grows, one startup aims to merge the two industries. By tapping into the momentum of the commercial space industry and the increasing demand for renewable energy, Robinhood co-founder Baiju Bhatt is on a mission to make space-based solar power a reality with his latest startup: Aetherflux. Today

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Humba Ventures raises $40M fund to invest in deep tech, defense tech 

Venture /

Humba Ventures said today it has raised $40 million to invest in deep tech and defense tech startups. It is a sister-firm to Susa Ventures, the seed-stage firm that has backed companies like Robinhood, Human Interest and Flexport.  The fund comes at a time when defense tech is seeing venture investment reach record highs: Startups in

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EU boosts EIC budget for supporting deeptech R&D and strategic scale-ups

Startups /

The European Union will spend €1.4 billion (about $1.5 billion) next year to bolster deeptech research and support scale-ups in strategic areas like AI, low-carbon technologies, agritech and biotech, the European Commission said on Tuesday. The budget for the 2025 Work Program of the European Innovation Council (EIC), part of the bloc’s flagship Horizon Europe research

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Science-heavy Swiss VC firm Redalpine raises fresh $200M fund for early-stage investments

Venture /

Many VC funds, especially recent vintages, have failed to return money to their investors. Swiss VC firm Redalpine is one exception, and this largely explains why its newly announced $200 million seventh early-stage fund was oversubscribed, according to the firm. Redalpine Capital VII, or RAC VII, is already well under way to back 15 to

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Deep tech startups with very technical CEOs raise larger rounds, research finds

Venture /

SaaS founders trying to figure out what it takes to raise their next round can refer to Point Nine’s famous yearly SaaS Funding Napkin. (The term refers to “back of the napkin” plans or calculations.) Now, European hardware deep tech teams have a similar resource from First Momentum, a pre-seed fund investing in technical B2B

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Deep tech VC Sidney Scott explains why he’s closing his firm as this area booms

Venture /

Sidney Scott decided to take himself out of the venture capital rat race and is now jokingly auctioning off his vests — starting at $500,000.  The Driving Forces solo general partner announced on LinkedIn this week that he was shutting down his $5 million fintech and deep tech VC fund that he started in 2020,

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SOSV founder says climate investing is a ‘war effort’ as firm closes $306M fund

Climate /

For the firm that calls itself “the first check in deep tech,” the last check for SOSV’s latest $306 million fund took a bit longer than founder Sean O’Sullivan would have liked. That’s probably less a reflection on the firm than an indictment of the macroeconomic environment: Ask any VC, and they’ll tell you the

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