Infrastructure for hard tech
and next-generation industry.
Near Future is a seed-stage fund backing the software and systems layer beneath AI, defense, and heavy industry, worldwide.
Venture returns come from being right about something the market hasn't priced yet. Everything downstream of that is discipline.
- 01
Non-consensus, or nothing.
If a deal is obvious, it's expensive, and the return has already been competed away. We look for companies that are correct before they're credible.
- 02
We underwrite the company, not the round.
Who else is investing tells us nothing about whether the business works. We do our own work and form our own price.
- 03
Heat is a cost, not a signal.
Momentum raises entry prices without reducing risk or improving exits. We'd rather be alone and right.
- 04
Every investment is a hypothesis.
A specific, testable claim about how industry gets rebuilt, where a small amount of capital and a true answer changes everything.
- 05
Few, chosen deliberately.
We make a small number of investments and take each one seriously. We are not buying logos.
Full industry rebuilds.
Reimagining entire industries and supply chains with audacious new perspectives. Companies rebuilding how a whole sector operates, from raw inputs to finished product.
Software that operates infrastructure at machine speed.
Compute, factories, and the grid now run on software fast enough to act without a human in the loop. We back that software.
Tools that collapse the loop between designing hardware and shipping it.
Getting from a design to a shipped product is slow and expensive. We back the tools that make that loop fast.
- Stage
- Pre-seed & seed
- Check
- $50K – $500K
- Geography
- Global
- Posture
- First money in
We're comfortable writing the first check and underwriting the round ourselves. If the rest of the market disagrees with us, that's usually where the return is.