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Industrious Ventures

Venture capitalActively deployingoperating company · company profile

Denver · Seed–Late Stage · 9 people tracked

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Investment thesis

Focuses on founders reinventing capital‑intensive industries (aerospace, energy, logistics, manufacturing, agriculture, national security) and acts as a repeat partner during heavy scaling, securing major Space Force and defense contracts.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Denver, Colorado, US
Leads rounds
Follows
Instruments
Equity
Founded
2019
Last 12 months
8 investments
Tracked investments
107

Team · 9 people

from the firm's website & public directories
Max Conway· Partnerin
Lt. General John Shaw· Advisor

Retired U.S. Space Force lieutenant general who has joined Industrious Ventures as an advisor.

What they invest in

from 63 of 107 portfolio companies

Space Tech ×27Hardware ×26Deep Tech ×24Advanced Manufacturing ×16SaaS ×15Defense Tech ×11AI & Machine Learning ×10Energy ×7

HQs:United States×52Belgium×1Denmark×1

Who they back

founder profiles across 35 portfolio companies
34%
solo founders
12 of 35 mapped founding teams
34%
repeat founders
of 29 founders with career history

Founding team size:solo founder×122 founders×183 founders×34+ founders×2

Where their founders studiedfrom 26 founders with education data

Carnegie Mellon University ×2Gonzaga College High School ×2Harvard University ×2Massachusetts Institute of Technology ×2Stanford University ×2

Where their founders worked beforefrom 29 founders with career history

SpaceX ×3Tesla ×3Apple ×2Arizona State University ×2Cisco ×2deliv ×2Stanford University ×2University of Wisconsin-Madison ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×9Techstars ×4

3 founders hold a PhD · 4 hold an MBA (of 29 with degree data)

Investments · 107 tracked

founders shown can be your intro path

By year:2026 · 62025 · 22024 · 22022 · 12020 · 112 dated

Intuitive Machinesintuitivemachines.comNASDAQ: LUNR

Co-investorsBeyond Earth VenturesCapital FactoryIBXiNetworksKluz VenturesTactico

Serve Roboticsserverobotics.comin𝕏NASDAQ: SERV

Serve Robotics builds autonomous sidewalk delivery robots, including its robot "Saymo", designed to make short-distance deliveries such as food.

AI & Machine LearningLogistics & Supply ChainRoboticsRedwood City, US

Ali Kashani(CEO)inEuan Abraham(Executive Officer)Brian Read(Executive Officer)Touraj Parang(Executive Officer, Director)Ali Pourdad(Director)April Pannell(Executive Officer)

Co-investorsGood AI CapitalGraph VenturesLong Journey VenturesOne Planet GroupSterling RoadThink+ Ventures Management, Llc+4 more

SpaceXspacex.comNASDAQ: SPCX

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder, CEO & Chief Engineer)in

Co-investors1/1 Capital137 Ventures4DX VenturesA*Abstract VenturesAccess Technology Ventures+110 more

Voyager Spacevoyagerspace.comin𝕏NYSE: VOYG

Voyager Technologies builds defense and space systems, including solid-fuel and electric propulsion, energetics (the only U.S. provider of black powder), radiation-hardened space electronics, guidance and navigation systems, lunar and long-duration spaceflight infrastructure, and signals-intelligence/spectrum-dominance software.

Deep TechDefense TechSpace TechDenver, US

Dylan Taylor(Executive Officer, Director)Matt Kuta(Executive Officer, Director)Cheryl Shavers(Director)Alan Stern(Director)Marian Joh(Director)William Shelton(Director)

Co-investorsCaruso VenturesHemisphere Ventures LLCIronGate Capital AdvisorsLunaCap VenturesRosecliff VenturesScout Ventures+1 more

<UNKNOWN>

Building high-quality, customizable, and mass-manufacturable satellite buses and payloads

Aalyria Technologies

Developing a vertically integrated suite of space domain awareness and in-orbit capabilities

Aerospacelabaerospacelab.comin𝕏

Aerospacelab designs, builds, and operates satellite infrastructure, including platforms, payloads, subsystems, and operations for Earth observation, intelligence, and connectivity missions ranging from single in-orbit demonstrations to full constellations.

Defense TechHardwareSpace Tech

Co-investorsAirbus VenturesXAnge

Agora
Aigenaigen.ioin𝕏

Aigen builds solar-powered autonomous field robots ("Element") that use AI vision to identify and mechanically remove weeds without chemicals.

AgTechAI & Machine LearningRoboticsSeattle, US

Richard Wurden(Co-founder)inKenny Lee(Co-founder)in

BoardDan Fitzgerald(Director)Andrew Schoen(Director)inHenry Magun(Director)

Co-investorsCleveland AvenueNew Enterprise Associates (NEA)AgFunderReGen Ventures

Altius Space

Leveraging electromechanical deployment systems to rewrite how we move in space

Amcaamca.com

AMCA operates a software-enabled contract manufacturing facility that combines traditional and additive manufacturing with AI-powered simulation tools for product design and engineering feedback.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareEl Segundo, US

Eli Giovanetti(Founder)

Co-investorsAndreessen HorowitzConstruct CapitalNEW VISTA CAPITAL

AMCAamca.co

Amca expands production capacity and competition for critical aerospace and defense components by addressing fragmented, single-source supply chains.

Advanced ManufacturingDeep TechDefense Tech

Co-investorsCaffeinated CapitalLux CapitalSilent Ventures

Antaresantaresindustries.comin𝕏

Antares Industries develops nuclear reactor technology, with teams spanning nuclear, reactor hardware, and mission engineering as well as manufacturing and regulatory operations.

Advanced ManufacturingCleantechDeep TechDefense TechEnergyParker, US

Jordan Bramble(Founder)inJulia DeWahl(Founder)Rian Bahran(Chief Nuclear Officer)Mark Massie(Chief Engineer)DONALD G MACK(Executive Officer, Director)

Co-investorsAtacama VenturesBalerion Space VenturesBoxGroupCaffeinated CapitalHumba VenturesParadigm+7 more

Antares NuclearJul 2026 · $470M

Nuclear fission startup building transportable microreactors for U.S. defense and space customers.

EnergyRedondo Beach, US

Julia DeWahl(Executive Officer, Director, Promoter)Jordan Bramble(Executive Officer, Director, Promoter)

BoardJack Altman(Director)Alexander Hartz(Director)inAlana Palmedo(Director)in

Co-investorsCaffeinated CapitalParadigmParadigm CapitalPoint72 VenturesShine Capital

Arkaea Mediaarkaeamedia.com
Arrive Logisticsarrivelogistics.comin

Arrive Logistics is a North American freight brokerage that connects shippers and carriers, combining technology, market intelligence, and a service team for shipment management.

B2B MarketplacesLogistics & Supply ChainSaaS

Matt Pyatt(Co-founder & CEO)inEric Dunigan(Co-founder & President)Scott Sandager(Chief Administrative Officer)David Spencer(VP of Market Intelligence)

Co-investorsBCILead Edge Capital

Astro Mechanicaastromecha.coin𝕏

Astromecha designs engines, airframes, and flight systems for next-generation aerospace applications, including supersonic aircraft.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

Ian Brooke(Founder)in

Co-investorsAlumni VenturesAndreessen HorowitzBasecamp FundBlue Ivy VenturesJulian CapitalLOWERCARBON+5 more

AstroForgeastroforge.ioin𝕏

AstroForge builds low-cost spacecraft for tracking and mining metal-rich asteroids in deep space, targeting platinum group metals extraction for industrial and space applications.

Advanced ManufacturingDeep TechHardwareNew MaterialsRoboticsSpace TechLos Angeles, US

Matt Gialich(Founder/CEO)inJose Acain(Executive Officer, Director)

BoardJustin Hamilton(Director)

Co-investorsKohala VenturesOutliers FundPalm Drive CapitalUndeterred CapitalWayfinder VenturesY Combinator+2 more

AstroForgeastroforge.comin𝕏

AstroForge develops low-cost, replicable spacecraft designed to track and mine metal-rich asteroids in deep space, targeting the extraction of platinum group metals.

Deep TechHardwareSpace Tech

Co-investorsAera VCAmbush CapitalNight Capital468 CapitalCaladanUncorrelated Ventures+1 more

Axiom Space

Building high-quality, customizable, and mass-manufacturable satellite buses and payloads

Axiom Space (SpaceX partnership)

Building fully reusable rockets capable of point to point delivery and dynamic space operations

Banyan Infrastructurebanyaninfrastructure.comin

Banyan Infrastructure provides project finance software for renewable energy infrastructure investment, helping lenders, investors, and operators optimize returns across asset classes and technologies.

EnergyFintechSaaSSan Francisco, US

Amanda Li(Executive Officer, Director)inWilliam Greene(Executive Officer, Director)Robert Greene(Director)

Co-investorsCity LightEnergize CapitalKeiki CapitalSE VenturesSun Road SyndicateUlu Ventures+2 more

Beanstalkbeanstalk.farmin

Beanstalk operates vertical farms using robotic and automated systems to grow leafy greens, herbs, root vegetables, and other produce for supply to restaurants and consumers, combining industrial robotics with horticultural science to enable local production of fresh vegetables.

Advanced ManufacturingAgTechWashington, US

Mike Ross(Founder/CEO)inJack Ross(Founder)in

Co-investorsSnatched VenturesY Combinator

Bear Flag Roboticsbearflagrobotics.comin𝕏acquired by John Deere

Bear Flag Robotics developed autonomous technology for farming before being acquired by John Deere in 2021.

Advanced ManufacturingAgTechRoboticsNew York City, US

Igino Cafiero(Founder/CEO)inAubrey Donnellan(Founder)in

Co-investorsAgFunderExpansion Venture CapitalGraphene VenturesGreen Cow Venture CapitalLiquid VenturesTrucks VC+5 more

Boom Supersonicboom.aeroin𝕏

Boom develops supersonic aviation technology, including Overture, a supersonic airliner with orders from United, American, and Japan Airlines, and Symphony, a turbofan engine built for supersonic flight.

Deep TechHardwareMobility & TransportationCentennial, US

Blake Scholl(Founder & CEO)in

Co-investorsBessemer Venture PartnersCaruso VenturesDenver VenturesDraper AssociatesE15Kima Ventures+9 more

Boreas

Restoring planet health, land, and soil with an affordable precision edge robotics platform

Canopy Adcanopy-ad.comin

Canopy Aerospace & Defense engineers advanced materials and components — including CNC machined parts, composites, thermal protection systems, and soft goods — and manages the value chain from design through production and sustainment.

Defense TechNew MaterialsSpace TechLittleton, US

Checkrcheckr.comin𝕏

Checkr provides background verification and fraud detection services for hiring, loan approvals, insurance, and tenant screening decisions.

AI & Machine LearningEnterprise SoftwareHR TechSaaSSan Francisco, US

Daniel Yanisse(Founder/CEO)inJonathan Perichon(Founder)in

BoardAli Rowghani(Director)Richard Wong(Director)in

Co-investorsAccelActivant CapitalCoatue ManagementDCVC (Data Collective)Earl Grey CapitalGV (Google Ventures)+9 more

Chiplyticschiplytics.io

Chiplytics operates a supplier network that sources difficult-to-find electronic components while capturing electrical and visual signatures for traceability.

HardwareSemiconductors

Steven Dourmashkin(Founder)in

Co-investorsScout VenturesScout Ventures

Chiplyticschiplytics.com

Chiplytics operates a supplier network to source hard-to-find electronic components and provides automated electrical and visual inspection, testing, and certification of microelectronics, including Power Spectrum Analysis to detect part anomalies.

HardwareSemiconductors

Chipper Cashchippercash.comin𝕏

Chipper Cash provides a mobile platform that enables Africans to send money internationally to bank and mobile money accounts across 21+ African countries, plus payment cards and fractional stock investing.

Fintech

Ham Serunjogi(Founder & CEO)inMaijid MoujaledMarc Gottschalk

Co-investors137 Ventures500 GlobalBetter Tomorrow VenturesDebut CapitalDeciensEthos VC+11 more

Chromalloy

Advancing thermal barrier coatings through novel design and manufacturing

Citracitra.spacein

Citra develops modular sensing and software solutions for detecting, tracking, and identifying orbiting objects in space.

Defense TechSaaSSpace TechColorado Springs, US

Co-investorsBascom VenturesBlue Ivy VenturesScout VenturesScout Ventures

Citra Space CorporationinApr 2026 · $139M

Colorado-based defense-tech startup building ground sensors and data-fusion software to identify and characterize orbital objects.

Colorado Springs, US

Daniel Brunski(Executive Officer, Director)Thomas Nichols(Executive Officer, Director)

Co-investorsScout VenturesScout VenturesAlumni VenturesSQUADRA VENTURES

Clearpath

Building autonomous robotics for extreme environments across space, mining, and national security

ConMetconmet.comin𝕏

ConMet designs and manufactures wheel end technology, aluminum castings, and structural plastic and chassis components for the commercial vehicle industry.

Advanced ManufacturingHardwareMobility & TransportationVancouver, US

Descartes Labs

Leveraging geospatial data to provide irrigation and crop management solutions

Eaton

Bringing security to the global microelectronics supply chain

Empiriumempirium.coin

Empirium is a B2B marketplace that connects verified buyers and suppliers in critical industries, enabling sourcing of materials, components, manufacturing services, and finished systems with compliance oversight for U.S. commercial and government procurement.

Advanced ManufacturingB2B MarketplacesEnterprise Software

Co-investorsBreakwater VenturesConnecticut Innovations

Fabricio

Building software for modern and complex manufacturing challenges

First Resonancefirstresonance.ioin𝕏

First Resonance develops ION, a manufacturing execution system (MES) for hardware engineering teams that manages processes from prototype to production, including inventory, assembly, inspection, and analytics.

Advanced ManufacturingHardwareSaaSLos Angeles, US

Karan Talati(Executive Officer, Director)Neal Sarraf(Executive Officer, Director)

BoardVaughn Blake(Director)inMichael Kim(Director)inBlake Vaughn(Director)Eric Manlunas(Director)

Co-investorsBlue Bear Capital PartnersCraft VenturesE12 Venture Capital, LlcFikaFrontier Venture CapitalGaruda Ventures+2 more

Flexport

Providing on-demand warehousing and order fulfillment services

Flowspaceflow.spacein𝕏

Flowspace provides end-to-end fulfillment and logistics services for e-commerce brands, offering warehousing, order management, and logistics support across the United States.

E-commerceEnterprise SoftwareLogistics & Supply ChainSaaSLos Angeles, US

Ben Eachus(Founder/CEO)inJason Harbert(Founder/CTO)in

Co-investorsBuildGroupCanvas VentureseGateway CapitalMoment Ventures, LlcPLG VenturesY Combinator+1 more

Foldout AI

Accelerating the development of autonomous technology to revolutionize farming

Fonbnkfonbnk.comin𝕏

Fonbnk converts prepaid mobile payments into stablecoins, enabling frictionless foreign exchange and cross-border treasury flows for businesses in cash-based and mobile-first economies.

Crypto & Web3FintechWashington, US

Co-investorsAdaverseAllied Venture PartnersFrontier Venture CapitalNIVTechstarsTriton Capital+2 more

H3X Technologiesh3x.techin𝕏

H3X designs and manufactures advanced electric motors for industrial applications.

Advanced ManufacturingClimate TechDeep TechEnergyHardwareSpace TechDenver, US

Eric Maciolek(Founder)inJason Sylvestre(Founder)inMax Liben(Executive Officer)

BoardNathan Doctor(Director)

Co-investorsMetaplanetOrigin VenturesY CombinatorCubit CapitalLockheed Martin VenturesLombardstreet Ventures+1 more

Hadrianhadrian.co

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)

BoardDelian Asparouhov(Director)inBrandon Reeves(Director)inKatherine Boyle(Director)inDayna Grayson(Director)in

Co-investors137 VenturesAndreessen HorowitzCapitalGConstruct CapitalFloodgateFounders Fund+8 more

Hydrosathydrosat.comin

Hydrosat converts satellite and ground data into actionable information for sustainable agriculture and water management.

AgTechAI & Machine LearningClimate TechData & InfrastructureSpace TechWashington, US

Pieter Fossel(CEO)Scott Alan Soenen(Executive Officer)Alan Royce Dalby(Executive Officer, Director)Yun Jin Kim(Executive Officer)

BoardAndrew Robert Dearing(Director)inAdam Niewinski(Director)in

Co-investorsBlue Bear Capital PartnersExpon CapitalFREEFLOWHemisphere Ventures LLCOTB VenturesTechstars+2 more

i-50i-5o.ai

Co-investorsSeraph GroupSterling Road

ICONiconbuild.comin𝕏

ICON designs and builds architectural structures while providing technology solutions to construction teams to improve building speed and reduce costs.

Construction TechDeep Tech

Jason Ballard(Founder & CEO)in

Co-investors1Flourish CapitalDraper AssociatesEvolution VC PartnersKrillion VenturesModerne VenturesNext Coast Ventures+11 more

Instrumentalinstrumental.comin𝕏

Instrumental provides a Manufacturing Engineering Control Platform that uses hardware, software, and AI to help electronics brands detect failures faster and optimize their manufacturing processes with visibility into the factory floor.

Advanced ManufacturingAI & Machine LearningHardwarePalo Alto, US

Anna-Katrina Shedletsky(Founder)inSamuel Weiss(Founder)in

Co-investorsCanaan PartnersNimble PartnersNVenturesRoot Ventures Manager, Llc

Intact

Overhauling manufacturing by leveraging modern software and hardware

Joby Aviation

Making delivery affordable, sustainable, and convenient

Kargokargo.aiin

Kargo uses computer vision hardware ("Towers") installed at warehouse loading docks to capture freight events in real time and turn them into structured data.

AI & Machine LearningHardwareLogistics & Supply ChainSaaSSan Francisco, US

Samuel Lurye(Executive Officer, Director, Promoter)Sam Lurye(Founder)

BoardSpencer Foust(Director)in

Co-investorsSozo VenturesAvenir Growth CapitalEvolution VC PartnersMatter Venture PartnersAvenirHearst Ventures+2 more

Kargomykargo.comin

Kargo uses computer vision hardware installed at warehouse loading docks to capture freight data in real time and convert dock-door activity into structured data.

AI & Machine LearningHardwareLogistics & Supply ChainSaaS

Sam Lurye(Founder)

Co-investorsSozo VenturesActivant CapitalB3 CapitalGood FriendsGreat Oaks Venture CapitalHat-Trick Capital+7 more

Kinaxis

Improving the way hardware companies purchase parts, manage suppliers, and streamline supply chain operations

LoanDepot

Unleashing sustainable capital through an end-to-end platform built to simplify and scale infrastructure

Lunarlunar.appin𝕏May 2026 · $30M

Lunar is a 100% digital bank offering personal banking services including accounts, digital and physical cards, savings, investment, and cryptocurrency trading, with headquarters in Denmark.

FintechCopenhagen, DK

Co-investorsFuel Venture CapitalGoose Valley VenturesPSVSEED Capital DenmarkEniac VenturesPromus Ventures+2 more

Lunargolunar.com

Lunar builds a healthcare platform with a single data model designed to support hospital workflows across clinical and administrative roles, from patient intake to final payment.

Digital HealthHealthtechSaaS

Co-investorsBetter Tomorrow VenturesWayfinder Ventures

Exits · 5

IPOs and acquisitions across the tracked portfolio

Intuitive MachinesNASDAQ: LUNRServe RoboticsNASDAQ: SERVSpaceXNASDAQ: SPCXVoyager SpaceNYSE: VOYGBear Flag Roboticsacq. by John Deere

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Industrious Ventures made?
Industrious Ventures has 92 tracked investments, 2 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Industrious Ventures invest at?
Industrious Ventures invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What sectors does Industrious Ventures focus on?
Industrious Ventures focuses on Deep Tech, Defense Tech, Energy, New Materials, Robotics, Space Tech.
Where is Industrious Ventures located?
Industrious Ventures is headquartered in Denver, US.
Does Industrious Ventures lead rounds?
Industrious Ventures typically participates in rounds rather than leading them.
Who does Industrious Ventures co-invest with?
Industrious Ventures most often shares deals with Y Combinator, Balerion Space Ventures, MaC Venture Capital, among 269 tracked co-investors.

Images

Industrious Ventures photo

Co-investors · 10

Techstars

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.

$220K
Earl Grey Capital

Earl Grey Capital is an early-stage venture fund founded by operators who previously built Clearbit, an API-first data company acquired by HubSpot in 2023.

Both backed · 2
Cultivation Capital

Cultivation Capital is a venture capital firm that invests in early-stage companies with the potential to transform how people live and work, backing them from Series Seed through Series B.

Both backed · 2
$100K – $3.5M
Uber

Uber is a technology company operating multisided platforms that connect consumers with ride services, transit, delivery of food and groceries, and freight shipping across more than 70 countries and 15,000+ cities.

Both backed · 1
Expon Capital

Rodrigo Sepúlveda Schulz is a senior technology executive and investor who leads the international expansion of Stratio.ai, an AI-powered decision intelligence platform for enterprises and governments, while serving as president of his family office, Sepulveda Capital. He has participated in over 100 financing transactions with a track record including three billion-dollar exits and extensive advisory work across technology ventures.

Both backed · 1
$550K – $1.6M
XRC

XRC Ventures (formerly XRC Labs) is an early-stage investment firm supporting startups, working with corporate partners, and running its own funds. The contact page invites startups to apply, service providers, corporate partners, and press inquiries.

Both backed · 1
$200K – $300K
Shasta Ventures

Shasta Ventures is an early-stage venture capital firm that partners with founders building software, AI, and deep technology companies, providing capital, insight, and operating experience.

$250K – $6M
Primetime Partners

Primetime Partners is an early-stage venture capital fund that incubates and invests in companies transforming the quality of living for older adults, focused on the longevity economy.

$250K – $1M
Act One Ventures

Act One Ventures is an early-stage venture capital firm based in Los Angeles and San Francisco that invests in founders building AI-native enterprise platforms.

$1M – $3M
Ride Home

Ride Home Fund operates multiple investment vehicles including a Rolling Fund and an AI Fund, providing investment opportunities to its community and focusing on companies benefiting from generative AI.

$100K – $5M

Firms observed investing alongside Industrious Ventures, from public investor directories. Shared companies are the overlap with Industrious Ventures's recorded portfolio.

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