Commodity Capital
Venture capitalActively deployingPacific Palisades · 10 people tracked
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Investment thesis
Commodity Capital backs exceptional founders creating complex, vertically integrated 'monopolies' that combine software and hardware. The firm frames its mission around financing companies working to lay the foundation for the future, emphasizing ambitious, deeply technical ventures that span both the digital and physical worlds.
Source: firm website, verified Sep 27, 2026.
Team · 10 people
from the firm's website & public directoriesWhat they invest in
from 10 of 11 portfolio companiesDeep Tech ×4Enterprise Software ×4Advanced Manufacturing ×3AI & Machine Learning ×3Developer Tools ×3Hardware ×3SaaS ×3Defense Tech ×2
HQs:United States×10
Who they back
founder profiles across 6 portfolio companiesWhere their founders studiedfrom 12 founders with education data
The University of Texas at Austin ×2
What their founders studiedfrom 12 founders with field-of-study data
Engineering ×6Business & Management ×2Computer Science ×2Finance & Accounting ×2
Investments · 11 tracked
founders shown can be your intro pathAlbedo develops a flight-proven platform for Very Low Earth Orbit operations, providing satellite-based insights and connectivity services for national security and critical infrastructure systems.
Advanced ManufacturingClimate TechDeep TechDefense TechSpace TechDenver, US
Topher Haddad(Founder)inAyJay Lasater(Founder)inWinston Tri(Executive Officer, Promoter)inDylan Betts(Executive Officer)in
BoardChristian Garcia(Director)inRaj Shah(Director)in
Co-investorsAngel Collective Opportunity FundBlack FlagBooz Allen VenturesBreakthrough Energy VenturesCubit CapitalDnx Ventures+24 more
Armada develops edge computing and AI solutions for industrial applications.
AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech
Dan Wright(Founder)inJon Runyan(Founder)inPradeep Nair(Founder)in
Co-investors137 Ventures515 VenturesArtisanal VenturesBalerion Space VenturesCollaborative FundCollective Liquidity+26 more
Coast helps software companies create interactive product demonstrations and tell their product stories more effectively.
Developer ToolsEnterprise SoftwareMarketing TechSaaSNew York City, US
Spencer Levitt(Founder)inAustin Pager(Founder)in
Co-investorsAccelBehind Genius VenturesBetter Tomorrow VenturesRecall CapitalY CombinatorAvid Ventures+12 more
Hadrian operates AI-powered precision manufacturing factories for the aerospace and defense industrial base, producing precision components and offering manufacturing capacity as a service.
Advanced ManufacturingAI & Machine LearningDefense TechRoboticsTorrance, US
Christopher Power(Executive Officer, Director, Promoter)Thomas Cobbs(Founder)in
BoardDelian Asparouhov(Director)inBrandon Reeves(Director)inKatherine Boyle(Director)inDayna Grayson(Director)in
Co-investors137 VenturesAndreessen HorowitzCapitalGConstruct CapitalCubit CapitalFloodgate+18 more
Mercator provides a data analytics platform that uses AI to help users write SQL queries with greater speed and efficiency.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Dayton Thorpe(Founder)inAndrew Duberstein(Founder)in
Co-investorsSoma CapitalY CombinatorAmplify PartnersMaiora Rebel VenturesNKM CapitalRebel Fund+1 more
Metalware provides autonomous binary security testing for firmware without requiring source code, hardware, or test harnesses.
CybersecurityDeep TechEnterprise SoftwareHardwareSan Francisco, US
Ryan Chow(Founder)inAndrew Nedea(Founder)in
Co-investorsPioneerY CombinatorAlso CapitalCountdown CapitalEight CapitalFirst Round Capital+11 more
Rally is a user research CRM platform that enables teams to scale research operations, manage access control, and collaborate across departments while securing customer insights and data.
Developer ToolsEnterprise SoftwareMarketing TechSaaSNew York City, US
Oren Friedman(Founder)inAlec Robins(Founder)in
Co-investorsStage 2 CapitalTIA VenturesY Combinator6th Man VenturesAvalancha VenturesBattery Ventures+2 more
Revel provides a software platform for hardware development and operation that unifies the entire product lifecycle from prototyping through scaled production.
Developer ToolsHardwareIoTLos Angeles, US
Scott Morton(Founder)in
Co-investorsAbstract VenturesCarnrite VenturesFelicis VenturesIndex VenturesRedpoint VenturesBenchmark+1 more
Senra Systems manufactures aerospace wire harnesses using advanced automation and proprietary software for rapid production.
Advanced ManufacturingHardwareRedondo Beach, US
Jordan Black(Founder)inBenjamin Shanahan(Founder)in
Co-investorsGeneral CatalystCaffeinated CapitalFounders FundAdapt VenturesAlumni VenturesAndreessen Horowitz+7 more
Varda industrializes low Earth orbit by manufacturing pharmaceuticals and other specialized products in space, then returning them to Earth via reusable reentry capsules.
BiotechDeep TechSpace TechEl Segundo, US
Will Bruey(Co-founder)inDelian Asparouhov(Co-founder)in
Co-investorsAlso CapitalCaffeinated CapitalFounders FundGeneral CatalystKhosla VenturesLux Capital+34 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
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.
Portfolio news
latest coverage across their companiesHadrian · prnewswire.com · Aug 6, 2026
Senra Systems · finsmes.com · Jul 15, 2026
Armada AI · finsmes.com · May 19, 2026
Revel · finsmes.com · Feb 26, 2026
Rally · rallyuxr.com · Jun 2, 2025
Frequently asked questions
- How many investments has Commodity Capital made?
- Commodity Capital has 11 tracked investments.
- What sectors does Commodity Capital focus on?
- Commodity Capital focuses on Deep Tech, Defense Tech, Hardware, SaaS, Sector Agnostic, Space Tech.
- Where is Commodity Capital located?
- Commodity Capital is headquartered in Pacific Palisades, US.
- Who does Commodity Capital co-invest with?
- Commodity Capital most often shares deals with 137 Ventures, Lux Capital, Andreessen Horowitz, among 86 tracked co-investors.
Images
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