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Gen 1 Capital is an early-stage deep tech venture capital firm founded to support innovators and entrepreneurs. Established in the US Midwest, the firm focuses on investing in technology founders who are transforming industries and impacting future generations. The firm has a strong commitment to addressing complex problems across diverse industries and large markets.
Currently, Gen 1 Capital manages a portfolio of three companies and has achieved notable exits, including the $400 million acquisition of Nervana Systems. The firm emphasizes collaboration and character in its partnerships, ensuring that they align with the vision and values of the founders they support.
Gen 1 Capital invests in early-stage startups that tackle complex challenges across various sectors. Their investment strategy encompasses artificial intelligence, machine learning, robotics, quantum computing, autonomous vehicles, digital health, and education technologies. The firm seeks to partner with technology founders who are not only innovative but also demonstrate strong character and a collaborative spirit.
Investment stages range from pre-seed to Series B, allowing Gen 1 Capital to engage with startups at different points in their growth journey. The firm is particularly interested in companies that are poised to make significant impacts in their respective fields, addressing pressing issues and creating value in large markets.
Gen 1 Capital's portfolio includes notable companies that exemplify their investment thesis:
Naveen Rao, PhD - Co-founder. Naveen has a background in AI and machine learning, having previously worked at Intel and co-founded Nervana Systems.
Arjun Bansal, PhD - Co-founder. Arjun has expertise in deep learning and has held leadership roles in technology companies prior to Gen 1 Capital.
Amir Khosrowshahi, PhD - Co-founder. Amir has a strong background in robotics and has contributed to various tech startups.
Erik Schluntz - Co-founder. Erik has experience in robotics and has been instrumental in the growth of Cobalt Robotics.
Travis Deyle, PhD - Co-founder. Travis specializes in AI and has a history of successful tech ventures.
Mark Groden, PhD - Founder of Skyryse, focusing on autonomous systems and has a strong academic background in engineering.
To pitch Gen 1 Capital, founders should visit their website at gen1vc.com. A well-structured pitch deck should include details about the business model, market analysis, and team qualifications. The firm prefers direct submissions through their website and typically responds within a few weeks.
In recent months, Gen 1 Capital has actively engaged in funding rounds for its portfolio companies. Notably, Cobalt Robotics raised $35 million in Series B funding, while Skyryse secured $25 million in Series A funding. The firm also celebrated the successful acquisition of Nervana Systems for $400 million, marking a significant exit.
Gen 1 Capital continues to showcase its commitment to supporting deep tech innovators and is expected to announce new investments in the coming months as they seek to expand their portfolio.
What are Gen 1 Capital's investment criteria?
Gen 1 Capital focuses on early-stage startups in deep tech sectors, including AI, robotics, and healthcare. They look for companies addressing complex problems with innovative solutions.
How can I pitch to Gen 1 Capital?
Founders can submit their pitches through the Gen 1 Capital website at gen1vc.com. It's advisable to include a clear outline of the business model, market opportunity, and team background.
What makes Gen 1 Capital different from other VCs?
The firm emphasizes character and collaboration in its partnerships, seeking to build strong relationships with founders. They focus on transformative technologies that can significantly impact industries.
What is the geographic focus of Gen 1 Capital?
Gen 1 Capital primarily invests in startups based in the United States, particularly in the Midwest region.
What is the typical check size for investments?
Gen 1 Capital invests across various stages, with check sizes typically ranging from pre-seed to Series B funding rounds.
What kind of support do portfolio companies receive?
Gen 1 Capital provides operational support, mentorship, and access to their network, helping startups navigate challenges and scale effectively.
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