Also Capital

High-Level Overview

Also Capital is a New York-based venture capital firm founded in 2018 that specializes in early-stage investments across a broad range of technology sectors including artificial intelligence, digital media, virtual and augmented reality, fintech, healthcare services, space, energy tech, climate tech, and deep tech. Their mission centers on identifying and backing exceptional early talent and visionary founders, providing catalytic capital and active operational support from pre-seed through Series B stages. The firm aims to catalyze the next generation of hard tech innovators, supporting companies that address significant global challenges with breakthrough technologies. Their portfolio includes notable companies such as Varda Space Industries and Northwood Space, reflecting a strong emphasis on frontier technologies and hard tech innovation[1][2].

Origin Story

Also Capital was founded in 2018 in New York by managing partner Mike Annunziata and a team of partners with diverse backgrounds in venture capital and technology. The firm evolved with a focus on early-stage investments in hard tech and frontier sectors, leveraging the partners’ experience in building engineering teams, shipping hardware and software, and raising venture capital. Their approach is deeply founder-centric, emphasizing close collaboration and long-term support. The team’s background includes significant operational experience, which informs their hands-on involvement with portfolio companies. This foundation has allowed Also Capital to build a concentrated, high-conviction investment model that prioritizes quality over quantity[1][2][4].

Core Differentiators

• Unique Investment Model: Concentrated portfolio with high conviction, focusing on a small number of companies each year to provide deep, tailored support.
• Network Strength: Extensive network of mechanical, aerospace, and technical talent, enabling access to specialized expertise and top-tier early hires.
• Track Record: Portfolio includes companies with over $1 billion in enterprise value combined, demonstrating success in scaling early-stage ventures.
• Operating Support: Active involvement in recruiting key talent, strategic guidance, and operational mentorship, going beyond capital to be a true partner on the founder’s journey[2][5].

Role in the Broader Tech Landscape

Also Capital rides the wave of accelerating innovation in hard tech and frontier sectors such as space, climate tech, and AI infrastructure. The timing is critical as these sectors are gaining momentum due to technological advances, increasing capital availability, and global demand for sustainable and transformative solutions. By focusing on early-stage companies in these areas, Also Capital influences the broader ecosystem by nurturing foundational technologies that could redefine industries. Their emphasis on founder-driven innovation and operational support helps bridge the gap between nascent ideas and scalable businesses, contributing to the growth of the hard tech startup ecosystem[1][2].

Quick Take & Future Outlook

Looking ahead, Also Capital is poised to deepen its influence in frontier technology sectors by continuing to back visionary founders and hard tech innovations. Trends such as AI integration, sustainable energy solutions, and space commercialization will likely shape their investment focus. Their hands-on, founder-centric approach and strong network position them well to support companies through critical early growth phases. As these sectors mature, Also Capital’s role as a catalytic early investor and operational partner could become even more pivotal in shaping the next wave of transformative technology companies[1][2].

This outlook ties back to their mission of catalyzing exceptional hard tech founders and supporting breakthrough innovations that address global challenges.