Fundraising Fox

Dipalo Ventures

Venture capitalActively deploying

Chicago · Seed–Series A · 8 people tracked

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Investment thesis

Dipalo Ventures invests in hard tech founders at a moment when advances in materials, manufacturing, and AI-enabled supply chains are opening new possibilities, while acknowledging that commercialization remains difficult. The firm focuses on energy (generation, storage, use, renewables, grid tech, electrification), climate technologies that cut costs while mitigating climate change across food, agriculture, industry, transportation, and the built environment, and intelligent hardware including robotics, industrial automation, and embedded AI. Beyond capital, its partners, who are serial founders and operators, offer product and deep engineering expertise. Its Residency program delivers technical diligence, audits, workshops, and mentorship to identify and close product and engineering gaps before and after investment.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
Chicago, IL, US
Instruments
Equity
Founded
2016
Tracked investments
16

Team · 8 people

from the firm's website & public directories
Seyi Fasoranti· Senior Associatein

What they invest in

from 15 of 16 portfolio companies

Hardware ×9Consumer ×6AI & Machine Learning ×4IoT ×4Deep Tech ×3Healthtech ×3Cleantech ×2Climate Tech ×2

HQs:United States×10Poland×1

Who they back

founder profiles across 10 portfolio companies
70%
solo founders
7 of 10 mapped founding teams

Founding team size:solo founder×72 founders×3

Accelerator rootsportfolio companies that came through a program

Techstars ×5

Investments · 16 tracked

founders shown can be your intro path

By year:2024 · 12022 · 12 dated

Allergy Amuletallergyamulet.comin

Allergyamulet develops a portable food allergen and ingredient sensor to help people with food allergies safely identify potential allergens in food before consumption.

ConsumerHardwareHealthtechMedical Devices

Abigail Barnes(Co-Founder & CEO)

Co-investorsAllerfund Ventures, LlcColle Capital PartnersGreat North VenturesGreat Oaks Venture CapitalHealthX VenturesLightship Capital+1 more

Azumoazumotech.comin𝕏

Azumo develops a low-power display technology called LCD 2.0 that maintains consistent contrast in both indoor and outdoor lighting.

Deep TechHardwareNew Materials

Co-investorsAnzu PartnersEarth FoundryEnergy FoundryWestern Technology InvestmentSABIC Ventures

Floraflorasense.com

Flora is a mobile app (iOS and Android) that identifies plants from photos, provides care guides and watering reminders, and hosts a community for plant owners.

AI & Machine LearningConsumerSocial

Co-investorsLongJump VenturesA16Z SpeedrunFactorial CapitalHanabi CapitalLong Journey VenturesMenlo Ventures+1 more

GRIND Interactivegrindbasketball.comin𝕏

GRIND manufactures portable basketball shooting machines and hosts community events that combine sports technology with STEM education for underserved youth.

ConsumerCrypto & Web3EdTechGamingHardwareSports TechHouston, US

Thomas Fields(CEO & Founder)

Co-investorsTechstars

Immersedimmersed.comin𝕏

Immersed develops VR software that creates portable, distraction-free workspaces for remote workers to improve focus and productivity.

Future of WorkHardwareCincinnati, US

Renji Bijoy(Executive Officer, Director, Promoter)

Co-investorsTechstarsTribes Ventures

Jiobitjiobit.comin𝕏

Jiobit develops wearable tracking devices for child safety, pet monitoring, and elder care supervision.

ConsumerHardwareIoTChicago, US

John Renaldi(Co-founder)

Co-investorsNew Stack VenturesSandalphon CapitalTechstarsWakestream VenturesGraphene Ventures

Kadeyakadeya.comin𝕏

Kadeya operates a closed-loop beverage system that autonomously bottles filtered water and flavored, sparkling, or branded drinks on demand at vending stations, then collects the reusable glass and stainless steel bottles for cleaning and reuse.

Circular EconomyCleantechClimate TechFoodTechHardwareWellness & FitnessChicago, US

Manuela ZoninseininAli Rose van OverbekeinAndrew Dunn(Director)

BoardZachary Smith(Director)

Co-investorsChicago Early Growth Ventures (CEGV)Clocktower VenturesEvergreen Climate InnovationsGROOVE CAPITALOxonian VenturesPS27 Ventures+4 more

MITO Material Solutionsmitomaterials.comin𝕏Jan 2022

MITO Material Solutions develops patented hybrid additive technology that enhances fiber-reinforced composites and thermoplastics by functionalizing materials like graphene oxide and biomaterials, serving the manufacturing industry.

Advanced ManufacturingCleantechClimate TechDeep TechNew MaterialsStillwater, US

Haley Marie Keith(Executive Officer, Director)Kevin Keith(Director)Steve Hulme(Director)

BoardMahdi Ghazizadeh(Director)Richard J. Diemer, Jr.(Director)Joel Neale(Director)

Co-investorsCitrine AngelsCortado VenturesElevate VenturesEvergreen Climate InnovationsHG VenturesHouston Angel Network+2 more

NovaScannovascaninc.com

NovaScan develops MarginScan, a compact device combining spectral bioimpedance and AI/ML to detect and localize cancer at the margins of surgical excisions in seconds, for use by surgeons in cancer procedures.

AI & Machine LearningHealthtechMedical Devices

Co-investorsGreen Park & Golf VenturesPortal Innovations

Nucurrentnucurrent.com𝕏

NuCurrent designs and licenses wireless power and NFC charging architecture for wearables, hearables, and ambient devices, working with product manufacturers to integrate coil, silicon, firmware, and thermal design.

ConsumerDeep TechHardwareIoTChicago, US

Jacob Babcock(CEO)inStephen Wasko(Executive Officer)Megha Maripuri(Executive Officer)Jeffery Korach(Director)Chris Jensen(Director)

BoardDaniel Einhorn(Director)in

Co-investorsCapital Midwest FundIU VenturesLakewest Venture PartnersHyde Park Angels

Rivia Healthriviahealth.cominFeb 2024

Rivia Health develops AI-powered patient payment automation software for specialty healthcare practices.

AI & Machine LearningEnterprise SoftwareHealthtechPhoenix, US

Rachel Mertensmeyer(Executive Officer, Director)inBrenda Schmidt(Director)

BoardGregg Scoresby(Director)in

Co-investorsEdge Case Capital PartnersMotley Fool VenturesPHX VenturesXcellerant VenturesAiSprouts VCGolden Seeds

Scalable Systems Groupscalable-systems.io

Scalable Systems Group provides real-time monitoring of container weights and bin utilization for logistics and waste management operations.

IoTLogistics & Supply ChainAtlanta, US

Patrick Doyle(Founder)

Throne Labsthronelabs.coin𝕏

Throne designs and operates smart public restrooms equipped with sensors, running water, and real-time cleanliness ratings for urban public spaces.

HardwareIoTPropTechLos Angeles, US

Jessica Heinzelman(Director)Fletcher Wilson(Executive Officer, Director)

BoardEric Reiter(effective 10/15/2025)Phillip Attia(Director)Ravin Gandhi(Director)Benjamin Clark(effective 10/15/2025)

Co-investorsSandalphon Capital

Vumo AIvumo.aiin𝕏

Vumo develops AI-powered car imaging and inspection technology that automates and standardizes vehicle condition assessment for the automotive sector.

AI & Machine LearningHardwareInsurTechRetail TechRoboticsKrakow, PL

Michał Laska(Co-Founder)Sławek Potasz(Co-Founder)

Co-investorsAper VenturesFundingBox Deep Tech FundSpeedUp Venture Capital GroupTechstars

WearTAK (formerly AI Tech)weartak.com
Zenblenzenblen.comin

Zenblen is developing an automated smoothie service positioned as a "personal smoothie barista" to make healthy eating more accessible in people's daily routines.

ConsumerFoodTechRoboticsWellness & FitnessChicago, US

Xinyuan Zhang(Executive Officer)inRehman Merali(Executive Officer, Director)in

BoardGrigoriy Rublev(Director)

Co-investorsLofty VenturesService Provider CapitalSlauson & Co.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Dipalo Ventures made?
Dipalo Ventures has 15 tracked investments.
What stage does Dipalo Ventures invest at?
Dipalo Ventures invests at the Seed, Series A stages.
What sectors does Dipalo Ventures focus on?
Dipalo Ventures focuses on AgTech, AI & Machine Learning, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Mobility & Transportation, Robotics.
Where is Dipalo Ventures located?
Dipalo Ventures is headquartered in Chicago, US.
Who does Dipalo Ventures co-invest with?
Dipalo Ventures most often shares deals with Techstars, Sandalphon Capital, Allerfund Ventures, Llc, among 37 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Defining A Properly Designed 'Product Roadmap', With Rafiq Ahmed of Dipalo Ventures

Mindset Startup Academy - Verlin Gradney · Rafiq Ahmed

An Intro to Dipalo Ventures, With Rafiq Ahmed

Mindset Startup Academy-Verlin Gradney · Rafiq Ahmed

Dipalo Ventures Investment Focus, With Rafiq Ahmed of Dipalo Ventures

Mindset Startup Academy - Verlin Gradney · Rafiq Ahmed

#0027 - Investor and Product Discussions with Rafiq Ahmed and Mitul Patel of Dipalo Ventures

Established · Rafiq Ahmed

Portugal Golden Visa: 2026 Updates & Tax Compliance Guide

Dipalo Ventures

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