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Interlagos is a venture capital firm based in El Segundo, California, founded in 2024 by former SpaceX executives. The firm specializes in deep tech investments, particularly in applied science and manufacturing sectors. Interlagos aims to leverage the operational expertise of its founders to support innovative companies that are poised to transform industries through advanced technology.
Currently, Interlagos manages a target fund size of $550 million, with plans to make 26 to 32 investments. The firm is focused on early-stage to Series B companies, primarily in the United States. Notable milestones include the successful first close of their inaugural fund, which has attracted significant interest from limited partners, including Yamato Holdings Co., Ltd.
Interlagos is strategically positioned to capitalize on its founders' extensive networks and experience from SpaceX, providing a unique advantage in identifying and supporting frontier technology startups.
Interlagos invests in early-stage to Series B companies, with a focus on sectors such as robotics, defense, and energy. The firm typically targets check sizes ranging from $17 million to $21 million, aiming for concentrated equity positions of 18-25% per investment. This approach allows Interlagos to take lead or co-lead roles in funding rounds, ensuring significant influence over the strategic direction of its portfolio companies.
The firm’s investment strategy emphasizes deep tech startups in applied science and manufacturing, leveraging the operational expertise of its founders from SpaceX. Interlagos seeks startups that align with their vision for the future and demonstrate potential for transformative impact in their respective industries. The firm’s geographic focus is primarily on the United States, where it aims to build a portfolio that reflects its commitment to advancing frontier technologies.
Interlagos has made its first confirmed investment in Shinkei Systems, a robotics startup that focuses on advanced seafood processing automation. Shinkei Systems raised $22 million in a Series A funding round, co-led by Interlagos and Founders Fund. This investment marks a significant milestone for Interlagos as it establishes its presence in the deep tech investment landscape.
Shinkei Systems is dedicated to restoring US food sovereignty through innovative technology in the food processing sector. The firm’s focus on robotics aligns with Interlagos' investment thesis, which emphasizes the importance of advanced technology in transforming traditional industries.
Tom Ochinero — Co-Founder/GP. Tom has a decade of experience at SpaceX, where he served as VP of Commercial Sales. He is known for his high-profile role in driving commercial partnerships and has a strong reputation in the aerospace sector.
Achal Upadhyaya — Co-Founder/GP. Achal spent ten years as a senior engineer at SpaceX before leading space and defense investments at Cantos Ventures. His track record includes early investments in companies like Neros Technologies and Shinkei Systems.
Spencer Hemphill — CFO. Spencer brings finance expertise from his previous role as a finance leader at Sequoia Capital. His background in managing financial operations adds significant value to Interlagos.
To pitch Interlagos, founders should utilize the contact options available on their website at interlagos.com or email contact@interlagos.com. A well-structured pitch deck is essential, including details about the startup's technology, market opportunity, and team qualifications.
Interlagos prefers to receive pitches that clearly outline the startup's vision and how it aligns with the firm’s investment thesis in deep tech. Founders should expect a response within a few weeks, and warm introductions through mutual connections can enhance the likelihood of engagement.
In October 2024, Interlagos announced the successful first close of its inaugural fund, targeting $550 million for deep tech investments. This milestone reflects strong interest from limited partners, including Yamato Holdings Co., Ltd., which invested in the fund.
Interlagos made headlines with its first confirmed investment in Shinkei Systems, a robotics startup that raised $22 million in a Series A funding round co-led by Interlagos and Founders Fund. This investment marks a significant step for the firm as it establishes its presence in the deep tech investment landscape.
What are Interlagos' investment criteria?
Interlagos focuses on early-stage to Series B companies in sectors such as robotics, defense, and energy. The firm seeks startups that demonstrate innovative approaches in applied science and manufacturing.
How can I pitch to Interlagos?
Founders can reach out to Interlagos through their website at interlagos.com or via email at contact@interlagos.com. A well-prepared pitch deck that outlines the startup's vision, market potential, and team background is recommended.
What makes Interlagos different from other VC firms?
Interlagos is distinguished by its founding team, which consists of former SpaceX executives with extensive operational experience in the aerospace and technology sectors. This background provides unique insights and connections in the deep tech space.
What is the typical check size for investments?
Interlagos typically invests between $17 million and $21 million per deal, aiming for concentrated equity positions of 18-25% in its portfolio companies.
What is the geographic focus of Interlagos?
The firm primarily invests in startups based in the United States, allowing it to leverage its network and expertise effectively.
What kind of support does Interlagos provide to its portfolio companies?
Interlagos offers significant value through access to a vast network of industry experts, strategic guidance, and operational support, leveraging the experience of its founders from SpaceX.
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