🦊/Investors

Unless

Venture capital

Boulder · Seed–Series A · 8 people tracked

Find your way into Unless

2,844 people in our graph share verified history with the Unless team — schools, employers, funds. One of them is your warm intro.

Matt Cherianunlockedknows Peter Joers · together at Bank of America (overlapped)
×2knows the team · via Bank of America
×2knows the team · via Harvard University
knows the team · via Yale University
×4knows the team · via University of Paris I: Panthéon-Sorbonne
knows the team · via SMU Cox School of Business
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Investment thesis

Unless positions itself as reinventing venture capital for what it calls the New Industrial Revolution. It invests in companies transforming core industrial systems—supply chains, manufacturing, energy, and transportation—that are undergoing generational change driven by geopolitics, climate response, technological innovation, and shifting workforce dynamics. The firm applies deep domain expertise alongside a perpetual capital structure designed to support companies over long, industrially relevant timescales. Its partners operate at the frontiers of manufacturing, automation, climate adaptation, and the changing nature of work.

Source: firm website, verified Sep 15, 2026.

Stage
Seed–Series A
HQ
Boulder, Colorado, US
Leads rounds
Follows
Instruments
Equity
Founded
2021
Last 12 months
2 investments
AUM
$252.7M
Tracked investments
16

Team · 8 people

from the firm's website & public directories
Patricia Rogers· General Partner

Founder mafia

2 people who came through Unless went on to found or lead other companies.

What they invest in

from 10 of 16 portfolio companies

AI & Machine Learning ×6Deep Tech ×4Enterprise Software ×4Hardware ×4Advanced Manufacturing ×3SaaS ×3B2B Marketplaces ×2Logistics & Supply Chain ×2

HQs:United States×9Netherlands×1

Who they back

founder profiles across 7 portfolio companies
30%
repeat founders
of 10 founders with career history

Where their founders worked beforefrom 10 founders with career history

SM&A ×2

Investments · 16 tracked

founders shown can be your intro path

By year:2026 · 22025 · 12022 · 12018 · 26 dated

Aether Bioaetherbio.comin𝕏

Aether develops additives that blend into engineering-grade nylons to enable faster, high-throughput fused filament (FFF/FDM) 3D printing while maintaining mechanical strength and dimensional accuracy.

Advanced ManufacturingAI & Machine LearningBiotechDeep TechHardwareNew Materials

Pavle Jeremic(Founder & CEO)inJay Zaveri(Co-Founder & President)

Co-investors4DX VenturesAbstract VenturesArtis VenturesBlue Bear VenturesBoxGroupCalm Ventures+11 more

Afferenceafference.ioin𝕏

Afference develops neurotechnology that enables remote sensory perception through wearable devices, allowing people at a distance to share tactile sensations.

AI & Machine LearningDeep TechHardwareHealthtechCleveland, US

Jacob Segil(Co-founder & CEO)inDustin Tyler(Co-founder & CTO)in

BoardTaylor Hurst(Director)inTrevor Zimmerman(Director)in

Co-investorsAnthropy PartnersCWRU Technology VenturesEvolution VC PartnersHannah Grey VenturesJobsOhio VenturesKonvoy Ventures+6 more

Alloy Enterprisesalloyenterprises.coin

Alloy Enterprises designs and manufactures thermal management and cooling solutions for high-density servers and critical IT equipment.

Advanced ManufacturingData & InfrastructureDefense TechEnterprise SoftwareHardwareSomerville, US

Alison Forsyth(Executive Officer, Director)Nicholas Mykulowycz(Executive Officer, Director)inAndrea Bedell(Executive Officer)

Co-investorsCongruent VenturesFlybridge Capital PartnersPiva CapitalRiot VenturesLockheed Martin VenturesPETRONAS Ventures

Offsiteoffsite.com𝕏Apr 2025

Offsite helps companies plan and execute in-person team retreats and offsites by providing planning services, a curated marketplace of venues and vendors, and tools for event engagement and follow-up.

B2B MarketplacesEnterprise SoftwareFuture of WorkSaaSNew York, US

Jared Kleinert(Executive Officer, Director)in

BoardMichael Cardamone(Director)in

Co-investorsGround Game VenturesAtomicForum VenturesTectonic Ventures

Panthalassapanthalassa.comin𝕏

Panthalassa is building a planetary-scale clean energy platform designed to meet global energy demand through offshore deployment with zero emissions at ultra-low cost.

CleantechDeep TechEnergy

Garth Sheldon-Coulson(Founder & CEO)in

Co-investorsCompoundGigascale CapitalHOF CapitalLowercarbon CapitalNimble PartnersPortland Seed Fund+11 more

Positron AIpositron.aiin𝕏Jan 2026 · $230M

Positron builds purpose-built hardware and inference accelerator silicon for running Transformer-based generative AI models, offering inference appliances that map HuggingFace Transformers models onto the hardware and expose an OpenAI API-compliant endpoint.

AI & Machine LearningHardwareSemiconductorsLovelock, US

Thomas Sohmers(Executive Officer, Director)inBarrett Woodside(Founder)inEdward Kmett(Founder)inMitesh Agrawal(Executive Officer, Director)in

BoardRobert Reid(Director)

Co-investorsAsimov VenturesBanyan VenturesCaucasus VenturesFlume VenturesIneffable VenturesInvariantes Fund+10 more

Sustainmentsustainment.comin𝕏Aug 2022 · $12M

Sustainment provides software and AI tools that help US manufacturers, particularly small and medium-sized suppliers, collaborate and coordinate work across a network of local and regional suppliers.

Advanced ManufacturingAI & Machine LearningB2B MarketplacesLogistics & Supply ChainSaaS

Bret Boyd(Founder)in

Co-investorsVictorum

Unlessunless.com𝕏

UNLESS is an AI-native customer success platform built for regulated European enterprises in finance, healthcare, insurance, and related sectors that require full compliance and audit trails.

AI & Machine LearningEnterprise SoftwareFintechSaaSAmsterdam, NL

Sander Nagtegaal(Chief Executive Officer)inMarcel Panse(Chief Technology Officer)in

Co-investorsRockstartRiver Venture PartnersGreat Stuff VenturesAtomicTectonic Ventures

Vecna Roboticsvecnarobotics.comin𝕏Aug 2018

Vecna Robotics provides autonomous mobile robot (AMR) systems and orchestration software for material handling tasks such as case picking, cross-docking, and warehouse workflows.

Enterprise SoftwareLogistics & Supply ChainRoboticsCambridge, US

Daniel Patt(Executive Officer, Director)Michael Bearman(Executive Officer)in

BoardDaniel Theobald(Executive Officer, Director)Nick Solaro(Director)in

Co-investorsBlackhorn VenturesDrive CapitalFontinalis PartnersTau VenturesTectonic VenturesHighland Capital Partners+1 more

Xwingxwing.comMar 2018

Xwing, an autonomous aviation company, is now part of Joby Aviation.

AI & Machine LearningDeep TechMobility & TransportationSan Francisco, US

Marc Piette(Executive Officer, Director)in

BoardDhiraj Singh(Director)

Co-investorsACME CapitalBlackhorn VenturesLoup VenturesAlvenAlven CapitalArray Ventures Management Llc+2 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

555 Bryant StreetDesignerLinkedinU First CapitalVecnaVilla

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Unless made?
Unless has 16 tracked investments, including 3 dated in the last 24 months.
What stage does Unless invest at?
Unless invests at the Seed, Series A stages.
What sectors does Unless focus on?
Unless focuses on Advanced Manufacturing, AI & Machine Learning, Cleantech, Climate Tech, Deep Tech, Defense Tech, Energy, Future of Work, Logistics & Supply Chain, Robotics, SaaS.
Where is Unless located?
Unless is headquartered in Boulder, US.
Does Unless lead rounds?
Unless typically participates in rounds rather than leading them.
Who does Unless co-invest with?
Unless most often shares deals with Blackhorn Ventures, Evolution VC Partners, Tectonic Ventures, among 56 tracked co-investors.

Images

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