Capital Factory
Venture capitalActively deployingAustin · Pre-Seed–Series A · 12 people tracked
Also known as Capital Factory Fellowship · Capital Factory Partners 2017 · Capital Factory Partners 2019 · Capital Factory Partners 2020 · Capital Factory Partners 2021 · Capital Factory Partners 2022 · Capital Factory Partners 2023 · Capital Factory Ventures · CAPITAL FACTORY VENTURES MANAGEMENT, LLC
Investment thesis
Capital Factory positions itself as one of the most active early-stage investors in Texas, backing ambitious founders working on frontier and deep technology such as humanoid robots, autonomous ships, neural interfaces, and space/rocket ventures. Beyond capital, the firm emphasizes helping startups win customers and tap into what it describes as the most powerful network in the state, effectively bringing Texas resources to the table for its portfolio companies.
Source: firm website, verified Aug 3, 2026.
Team · 12 people
from the firm's website & public directories
What they invest in
from 34 of 72 portfolio companiesAI & Machine Learning ×13Defense Tech ×10Hardware ×10Deep Tech ×8SaaS ×6Advanced Manufacturing ×5Cleantech ×5Robotics ×5
HQs:United States×32
Investments · 72 tracked
founders shown can be your intro pathDeep Fission develops small modular pressurized water reactors designed for underground deployment to produce clean nuclear power.
CleantechDeep TechEnergyBerkeley, US
Richard Muller(Executive Officer, Director)William Mark Schmitz(Executive Officer)Elizabeth A. Muller(Executive Officer, Director)
Firefly Aerospace develops and operates space launch vehicles, lunar landers, and orbital spacecraft for commercial and government missions.
HardwareSpace Tech<UNKNOWN>, US
Thomas Markusic(Director)Jason Kim(Chief Executive Officer)Russell Shea Ferring(Senior Vice President and Chief Technical Officer)Daniel Fermon(Senior Vice President and Chief Operating Officer)Darren Ma(Senior Vice President and Chief Financial Officer)David Wheeler(Senior Vice President, General Counsel and Secretary)
ClearSight Therapeutics develops over-the-counter ophthalmic eye care products to treat dry eye, contact lens discomfort, and ocular surface infections using its proprietary CS-001 lubrication platform.
BiotechHealthtechMedical Devices<UNKNOWN>
Gembah is an all-in-one product design and manufacturing platform that connects entrepreneurs and businesses with vetted experts and factories to manage product development from research and design through sourcing and manufacturing.
Advanced ManufacturingB2B MarketplacesDeveloper ToolsSaaSAustin, US
Jim Johnson(CEO)Henrik Johansson(Co-Founder and President)
Austin, US
Henrik Kjallbring(Executive Officer)David O'Brien(Executive Officer, Director)Monica Landers(Executive Officer, Director)
Board seatGordon Daugherty· per SEC Form D · $5.6M raise · filed Sep 2022
BiotechAustin, US
David Zakariaie(Executive Officer, Director)
BoardBrett Sandstrom(Director)Paul Santos(Director)
Board seatGordon Daugherty· per SEC Form D · $25M raise · filed Oct 2025
Sacramento, US
Elizabeth Connolly(Executive Officer, Director)Greg Connolly(Executive Officer, Director)Thomas Kandris(Director)Hank Holland(Director)Robert Forlenza(Director)
Board seatThomas Kandris· per SEC Form D · $11M raise · filed Aug 2021
Airloom engineers next-generation utility-scale wind turbines designed for mass production and deployment in diverse locations, offering low-cost, reliable energy generation with reduced infrastructure requirements.
CleantechEnergyHardwareLaramie, US
James Singer(Executive Officer, Director)Neal Rickner(Executive Officer, Director)John Singer(Director)Sarah Lewensohn(Director)Robert Lumley(Executive Officer, Director)
BoardPhil Larochelle(Director)
Allen Control Systems develops autonomous precision weapon systems designed to counter unmanned aerial threats for military and allied forces.
AI & Machine LearningDefense TechRobotics
Mike Wior(CEO)Steve Simoni(President)Luke Allen(CTO)
Andromeda provides a knowledge graph platform that processes technical manuals, service records, and operational data to deliver structured diagnostics for equipment maintenance and field operations.
AI & Machine LearningData & InfrastructureEnterprise Software
Apptronik builds humanoid robots designed to perform repetitive, physically taxing, and dangerous tasks in warehousing and manufacturing environments, aiming to free workers for higher-value activities.
Advanced ManufacturingAI & Machine LearningHardwareRobotics
Jeff Cardenas(CEO)
Full-service American robotic perimeter security company automating security operations with drones, robotics, and AI.
Cart.com provides unified commerce and logistics software and services that enable companies to sell and fulfill orders across multiple channels.
E-commerceLogistics & Supply ChainSaaSHouston, US
Omair Tariq(Founder and CEO)inJim Jacobsen(Director)Jim Jacobson(Director)
BoardAlan Miller(Director)Scott Calliham(Director)Blair Garrou(Director)
Austin, US
Eric M. Simone(Executive Officer, Director)Matthew P. Clark(Director)Jan H. Lindelow(Director)David Aaron Allsbrook(Executive Officer)
Capital Factory is an investment and advisory network that connects ambitious founders and operators with investors, advisors, and resources to support early-stage companies addressing significant challenges.
Deep TechSector AgnosticAustin, US
Benjamin Lamm(Executive Officer, Director)Brian Beard(Executive Officer, Director)Joshua Baer(Founder & CEO)Bryan Chambers(Co-Founder & President)Gordon Daugherty(Co-Founder & Chairman)
BoardTom Chi(Director)
Bazaarvoice is a user-generated content platform that helps e-commerce brands and retailers collect, distribute, and analyze customer reviews, photos, and social content across digital channels and retail partners.
E-commerceMarketing TechRetail TechSaaSAustin, US
Nick Shiftan(Executive Officer, Director)Harry Weller(Director)Apu Gupta(Executive Officer, Director, Promoter)Dayna Grayson(Director)
Cyber Swarm designs intelligent systems that learn and adapt, leveraging nature-inspired principles for AI development.
AI & Machine LearningDeep Tech
Devoted Health offers Medicare Advantage plans and integrated healthcare services for older Americans, including virtual and in-home care, member support guides, and coordination with local providers across 29 states.
HealthtechInsurTechUnited States, US
Todd Park(Executive Officer, Director)Bryan Roberts(Director)Edward Park(Executive Officer, Director)Robert Kocher(Director)William Frist(Director)Kathleen Sebelius(Director)
DexMat produces high-performance carbon nanomaterials and carbon nanotube fibers for industrial applications.
Advanced ManufacturingCleantechDeep TechNew MaterialsHouston, US
Matteo Pasquali(Director)Bryan Guido Hassin(CEO & Board Director)Dmitri Tsentalovich(Co-Founder / CTO)
BoardKent Lucas(Director)
Fetii provides group transportation using large-capacity vehicles that users can book through an AI platform, offering an alternative to traditional charter services for moving multiple people at once.
AI & Machine LearningConsumerMobility & TransportationAustin, US
Matthew Iommi(Founder)inJustin Rath(Founder)inBryan Menell(Director)
Fortem Technologies builds airspace security systems, including its AI-powered SkyDome Family of Systems with TrueView radar sensors, command-and-control software, and autonomous DroneHunter interceptors to detect and defeat hostile or unauthorized drones.
AI & Machine LearningDefense TechRoboticsPleasant Grove, US
Matt Ocko(Director)Timothy Bean(Executive Officer, Director)Ed Cluss(Director)Adam Robertson(Executive Officer, Director)Ibrahim Ajami(Director)
Gale enables e-commerce businesses to accept HSA and FSA card payments and identify eligible products through an IRS-compliant inventory system.
FemTechFintechHealthtechSaaSLantana, US
Tom Griffiths(Executive Officer, Director)Qadeer Khan(Director)
General Radar develops radar and weapons systems technology for the defense and aerospace sectors.
Deep TechDefense TechHardwareBelmont, US
David(Director of Architecture and Systems Engineering)Jeff(Director of Software Engineering)
Intellectible is an automation platform for document-heavy, complex business processes, combining AI and SaaS expertise to handle high-stakes workflow execution.
AI & Machine LearningEnterprise SoftwareSaaSAustin, US
Jesse Lozano(Founder)inReuben Carter(Co-founder & CTO)inRosie Higgins(Co-founder & CPO)inArmistead Whitney(Director)
Dallas, US
Lola Vision Systems develops edge AI processors purpose-built for defense applications, designed to deliver AI capabilities for military platforms in contested environments with emphasis on security and reliability.
AI & Machine LearningData & InfrastructureDefense TechHardwareSemiconductorsLos Angeles, US
Maxwell Biosciences is a preclinical-stage biotechnology company developing its CLAROMER platform, which produces peptoid-based (peptidomimetic) small-molecule anti-infectives that mimic innate immune peptides to target bacteria, fungi, viruses, and biofilms.
AI & Machine LearningBiotechLongevityAustin, US
Joshua McClure(Executive Officer, Director, Promoter)Kate McKinley(Director)Praveen Tyle(Director)Barbara R Holcomb(Director)Annelise Barron(Director)
Circuit is an AI platform that converts technical documentation into an intelligent system to automate quoting, field troubleshooting, and technician guidance for manufacturing and service organizations.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareAustin, US
Higinio O. Maycotte(Executive Officer, Director)John Porter(Director)Thomas J. Meredith(Director)
Multicoin Capital is a thesis-driven investment firm that manages hedge and venture funds investing in cryptoassets, tokens, and blockchain companies.
Crypto & Web3Fintech
Tushar Jain(Co-Founder and Managing Partner)in
Neurable develops brain-computer interface (BCI) technology via smart headphones designed to enhance employee focus, productivity, and well-being in corporate settings.
AI & Machine LearningDeep TechHardwareHealthtechHR TechAnn Arbor, US
Dr. Ramses Alcaide(CEO and Co-Founder)Michael Thompson(Executive Officer)
NovaSpark manufactures mobile, atmospheric hydrogen generation systems that produce hydrogen, power, and water on-site in remote or critical environments.
CleantechDeep TechDefense TechEnergyLouisiana, US
Rick(Chief Executive Officer)Tom(CTO & Board Member)
Orbit Fab builds the in-space propellant supply chain, offering commercial spacecraft refueling services and standardized refueling interfaces to enable reusable spacecraft and a sustainable space economy.
HardwareSpace TechSanta Clara, US
Daniel Faber(Co-Founder)Peter Shaper(CEO)Jeremy Schiel(Executive Officer, Director)Chingti Yang(Executive Officer)
Develops next-generation brain-computer interfaces offering high data rate connections between brains and computers for medical applications.
Ryan Cowdrey(Cofounder)Blake Herren(Cofounder)
Saronic builds autonomous surface vessels — including the 180-foot, long-range Marauder — along with Echelon, a command-and-control software layer for planning, simulating and operating single vessels or fleets.
AI & Machine LearningDefense TechHardwareRoboticsAustin, US
Dino Mavrookas(Co-Founder and CEO)inRob Lehman(Co-Founder and Chief Commercial Officer)inVibhav Altekar(Co-Founder and CTO)inDoug Lambert(Co-Founder and COO)inPatrick DePriest(Chief Financial Officer)Soo Cho(Chief People Officer)
St. Petersburg, US
Michael Anderson(Chief Executive Officer)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Capital Factory invest at?
- Capital Factory invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Capital Factory focus on?
- Capital Factory focuses on Crypto & Web3, Deep Tech, Defense Tech, Hardware, Healthtech, Robotics, Sector Agnostic, Space Tech.
- Where is Capital Factory located?
- Capital Factory is headquartered in Austin, US.
- Does Capital Factory lead rounds?
- Yes, Capital Factory leads investment rounds.
Media · Podcasts & interviews
featuring the teamJoshua Baer Dies In Plane Crash At 50: Capital Factory CEO & Austin Tech Icon Killed - Times of India Videos
Joshua Baer · timesofindia.indiatimes.com
Capital Factory CEO Joshua Baer killed in plane crash near Laredo, Texas
CBS Austin · Joshua Baer
Teenage son of Capital Factory founder Joshua Baer "ok" after deadly plane crash
KXAN · Joshua Baer
‘He really cared deeply’; Remembering Capital Factory CEO Joshua Baer
KXAN · Joshua Baer
The Exchange x AI+Autonomy: Gordon Daugherty of Capital Factory
Special Competitive Studies Project · Gordon Daugherty
Securing Strategic Partnerships with Gordon Daugherty of Capital Factory on Vimeo
Greentown Labs · Gordon Daugherty · vimeo.com
Images
Co-investors · 60
Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Interlock Partners is an investment firm that backs companies positioned to win, offering a hands-on approach and operating experience to accelerate their success.
DCVC (Data Collective) is a venture capital firm that backs founders building companies which apply technology to major challenges across areas such as energy, biotech, agriculture, and machine learning.
B Capital Group is a global venture capital firm that backs founders from early to late stage, with dedicated stage-based funds and a portfolio spanning technology, healthcare, and energy and resilience sectors.
Todd and Rahul's Angel Fund is an early-stage investment vehicle run by founders Todd Goldberg and Rahul Vohra, who write $300k-$500k checks into early-stage startups and help with product/market fit, go-to-market, and future fundraising.
8VC is a technology investment firm that builds and invests in ambitious companies across sectors including life sciences, healthcare, manufacturing, enterprise, logistics, and defense.
Propeller VC operates through a formal multi-year partnership with Woods Hole Oceanographic Institution, giving it direct access to scientists and IP while building companies out of ocean science labs through a defined tech-transfer process that spins out startups with scientists as founders. The fund refuses capital from oil companies and has helped establish the three-vertical framework (Ocean Carbon, Ocean Industrials, and Ocean Organics) that major institutions like J.P. Morgan now use to define the blue-tech investment landscape.
What If Ventures is a venture capital firm investing in transformative technology, with a focus on healthcare/mental health and defense technology.
Silverton Partners is an early-stage venture capital firm based in Texas that partners with founders long-term, having backed 75+ portfolio companies with 30+ acquisitions and 4 IPOs.
Samsung Next is the venture investing arm that backs early-stage founders building bold, ambitious technology companies.
Next Coast Ventures is a venture capital firm that uses thematic, data-driven research to invest in and support high-growth startups founded by determined entrepreneurs.
▶48 more co-investors
Lightspeed Venture PartnersRedpoint VenturesNotable CapitalFelicis VenturesUnknown VenturesBoxGroupKrakenSound VenturesGreat Oaks Venture CapitalSapphire VenturesFirstMarkInovia CapitalPractical Venture CapitalIA VenturesTrajectory VenturesNot Boring CapitalAtlas Venture2048 VenturesPantera CapitalShasta VenturesAwesome People VenturesHaun VenturesBaseline VenturesMorado Venture PartnersSAV (Scale Asia Ventures)Scalar CapitalActive CapitalBIOSPRING PARTNERSLombardstreet VenturesIrishAngelsTrucks VCAmbush CapitalG20 VenturesSutter Hill VenturesThe Alchemy FundAmazon Alexa FundMotivate Venture CapitalAlchemy VenturesTimespan VenturesLiveOak Venture PartnersForm CapitalPharos Capital GroupAltos VenturesSpringdale VenturesNewMont VenturesE-MergeLemnos VCDeepWork Capital
Firms observed investing alongside Capital Factory, from public investor directories. Shared companies are the overlap with Capital Factory's recorded portfolio.
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