Unless
Venture capitalBoulder · 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.
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.
Team · 8 people
from the firm's website & public directoriesFounder mafia
2 people who came through Unless went on to found or lead other companies.
What they invest in
from 10 of 16 portfolio companiesAI & 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 companiesWhere their founders worked beforefrom 10 founders with career history
SM&A ×2
Investments · 16 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 12022 · 12018 · 26 dated
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
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 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
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
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 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
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
Co-investorsVictorum
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 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
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
U First Capital · alleywatch.com · Sep 13, 2026
Positron AI · siliconvalleyinvestclub.com · Jul 10, 2026
Offsite · forbes.com · Jun 17, 2026
Panthalassa · x.com · May 6, 2026
Unless · gofundme.com · Jun 5, 2025
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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