Hardware/Deep-tech Startup Financial Models

Chobani is the US market leader in Greek yogurt; TPG invested $671M in April 2014 for a 35% stake via a structured second lien + equity deal

Fungible is building a Data Processing Unit (DPU) - a new class of programmable silicon - to make data centers data-centric rather than compute-centric.

Lyric designs boutique "Creative Suites" - short-stay living spaces - combining purposeful interior design with technology for creative, connected travelers.

Industrial cybersecurity platform that identifies, manages, and protects OT, IoT, and IIoT assets.

Enterprise digital identity platform managing workforce, consumer, and IoT identities across hybrid and multi-cloud environments.

Fabless semiconductor startup commercialising self-protected GaN power transistors (HiGaN) that replace silicon and standard GaN with higher efficiency and no external protection circuitry.

Belgian DTC e-bike company selling connected electric bikes with a companion app and recurring subscription services

Full-stack IoT platform (hardware modules + connectivity + cloud) enabling enterprises to connect and manage physical devices at scale.

Molekule makes air purifiers using proprietary PECO technology that destroys pollutants at the molecular level rather than trapping them.

ANYbotics builds and sells autonomous legged inspection robots (ANYmal) for industrial facilities, targeting oil & gas, chemicals, power, offshore, mining, and manufacturing sectors.

Early-stage VC fund (Fund III) targeting pre-seed and seed investments at the intersection of money, movement, and manufacturing in North America.

IQM builds and sells on-premise superconducting quantum computers directly to enterprise and research customers.

Next-generation engineering design software (CAD/CAE) that enables advanced manufacturing workflows - latticing, field-driven design, topology optimization - impossible in legacy tools.

Premium e-bike brand selling vertically integrated electric bicycles direct-to-consumer, targeting urban commuters globally.

Autonomous robotics platform converting existing farm equipment to self-driving tractors for permanent-crop growers, sold as Robots-as-a-Service.

Awake Security - AI-driven Network Detection & Response (NDR) platform for the hybrid cloud, positioning as the "intent detection" layer of the SOC visibility triad.

Self-ordering kiosk software platform (SaaS + hardware) that replaces cashiers in QSR restaurants and petro/c-stores.

AI-powered motion-planning software and hardware that automates robot programming, enabling faster and cheaper industrial automation deployment.

European quantum computing hardware company building neutral-atom Quantum Processing Units (QPUs) for HPC and enterprise use cases.

Cloud-based physical access control SaaS that retrofits existing door hardware with a software overlay, replacing legacy badge readers with mobile/facial authentication.

Polymateria develops proprietary "Biotransformation" masterbatch additives that cause plastic packaging (PE, PP) to fully biodegrade into CO2, water, and biomass after a programmable service life, without microplastics.

Strong Roots is an Irish plant-based frozen food brand selling vegetable-forward products (fries, burgers, bites, hash browns) through grocery retailers across Ireland, UK, and the USA.

Spacecadet+ is a marketing-focused pre-seed/seed venture fund that provides brand storytelling services to portfolio companies alongside capital.

Cloud ERP / manufacturing execution software for SME and micro manufacturers selling direct-to-consumer (D2C)