Eight years ago I started
@ripple_ventures with a simple thesis: back the most ambitious founders we could find, in the markets that move GDP.
Today
@_dominiclau and I are announcing that Fund IV is live, anchored by Northleaf Capital Partners,
@RBC /
@rbcx , and one of Canada's largest private conglomerates. We have completed our first close and already have ten companies in the portfolio.
Our world has changed a lot since 2018, but our role as a VC has not. What has changed is where that ambition is showing up. It is no longer in IT budgets, but in rocket launch, air defence systems, critical minerals exploration, biology labs, and the manual back-office workflows nobody wants to do by hand. These are the markets that decide what a country owns next.
Three things are guiding this fund:
- Following the brightest founders into the most ambitious things being built.
- Investing with conviction in the earliest stages (pre-product and pre-traction).
- Supporting sovereign capabilities with frontier technologies.
Welcoming the newest portfolio companies out of this fund:
@CanadaRocket Company (sovereign launch capability)
@NV_Dynamics (full-stack air defence systems)
Terranox AI (AI uranium exploration)
Daedal Systems (diagnostics for fusion reactors)
Valen (AI to improve drugs)
Green Abundance (plant engineering)
@urunml (infrastructure for the interactive era)
Silmo (AI for the back office)
Blackletter (building a new type of law firm)
Asset (embedded AI accounting)
To the founders we have not met yet: if you are building with this level of ambition, we'd love to partner with you. Come find us early, that is when we are most useful.
Watch the launch video and read our full article below.
cc:
@katiekola_smile @okayjay70