Participated · Seed · Nov 2025

Extellis designs and plans to operate satellites built to capture high-frequency synthetic aperture radar (SAR) imagery, with the company claiming each satellite can capture thousands of images per day using patented antenna technology developed at Duke University from DARPA-sponsored research. The platform is intended to provide consistent monitoring that works at night and through clouds, smoke and other conditions that limit optical imagery. Extellis targets infrastructure operators and industrial companies—such as pipeline, transportation and energy facility operators—that need frequent, wide-area visibility of distributed assets. The company is preparing a pathfinder mission to test technology and operating capabilities ahead of broader commercial service and is building the infrastructure required to serve industrial customers. Extellis recently expanded its seed financing with investment from Shell Ventures to support the pathfinder mission, team expansion and progress toward commercial operations. The company positions its offering as an alternative to helicopters, ground inspections and optical satellite imagery for more dependable, high-frequency monitoring.

Led · Equity · Oct 2025

iOrganBio is a 2024-founded biotech company leveraging its proprietary CellForge™ platform to industrialize the production of human cells and organoids for drug discovery, regenerative medicine, and cell therapies. CellForge integrates AI-based predictive modeling with high-throughput, closed-loop control of 3D culture environments to optimize human pluripotent stem cell differentiation in real time. Central to the system is the Functional Human CellAtlas™, a growing single-cell multi-omics database that serves as a digital blueprint for engineering targeted cell states. Early applications include generating pancreas models with tailored vasculature and immune competency by selectively producing beta islet cells. The company addresses key industry bottlenecks—definability, generalizability, adaptability, reproducibility, and scalability—to deliver reproducible and cost-effective cell manufacturing. iOrganBio is headquartered at BioLabs in Chapel Hill, NC and currently operates with $2 million in initial capital; no revenue or user metrics were disclosed.

Participated · Series A · Jan 2025

Bedrock Energy develops deep-bore geothermal systems that reach roughly 800–1,200 feet to deliver more land-efficient heating and cooling for commercial customers. The company targets commercial buildings where land is at a premium and has completed two installations to date: an office building in Austin, Texas, and a resort in Utah. Bedrock has begun exploring geothermal cooling for data centers and partnered with Dominion Energy last fall to study that application, while noting technical challenges such as continuous heat rejection and wider bore spacing. It says deep geothermal cooling can be about twice as efficient as water- and air-based cooling at peak conditions and can reduce electricity demand spikes. To support growth, the company is investing in expanding operations and research and development with a focus on automation to speed installations. Bedrock expects to be profitable on a per-project basis within the next year. Bedrock Energy builds ground-source heat pump systems by drilling boreholes roughly 1,000–2,000 feet deep to increase per-bore heating and cooling capacity for tall or land-constrained buildings. The company combines subsurface data gathered during drilling with predictive models to size borefields and optimize depth and count for a building’s heating and cooling mix. Bedrock pairs software with purpose-built and adapted oil-and-gas drilling rigs to cut costs and enable installations in urban and industrial sites. Leadership draws on oil-and-gas expertise (including founder Silviu Livescu) and includes co-founder and CEO Joselyn Lai. With the recent seed, the company is targeting 30–50% drilling cost reductions in year one and longer-term improvements via autonomous drilling operations. Near-term plans include completing a pilot project in Texas, hiring staff, refining models, and lining up additional pilots next year; the company expects to benefit from Inflation Reduction Act geothermal tax credits through 2032.

Participated · Seed · Oct 2024

Phaseshift develops new metallic alloys and composites using its proprietary AI-powered Rapid Alloy Design (RAD)™ platform to generate candidate materials and run multi-scale simulations before physical experiments. The platform aims to shorten development timelines, reduce unsuccessful experiments, and cut upfront investment needed to find viable materials. Phaseshift targets practical, drop-in replacement materials for industries including aerospace, automotive, mining, energy, and advanced manufacturing. The company plans to accelerate development and commercialization of specialized materials that improve durability, efficiency, and sustainability while addressing supply‑chain and raw‑material constraints. Management says the technology enables faster, more accessible materials innovation and helps reduce waste and maintenance costs across sectors. The company is led by co‑founders Fazal Mahmood (CEO), Dr. Gurjot Dhaliwal (CTO), and Dr. Abu Anand (CSO), and is based in Toronto.

Participated · Equity · May 2024

Zanskar combines artificial intelligence, modern drilling techniques, and computational geoscience to find, assess, and develop geothermal energy resources. The company has a portfolio of greenfield geothermal projects, including the Lightning Dock site in New Mexico and recent discoveries at Pumpernickel and Big Blind in Nevada, plus two announced discovery sites in Nevada. Financially, Zanskar completed a $115 million Series C in January 2026 (later expanded with additional investment from Just Climate) and has now closed a $40 million revolving Development Capital Facility structured to scale to $100 million. Zanskar plans to use the new facility to fund pre-construction work and bridge projects to traditional project financing so it can rapidly build multiple geothermal power plants. The company aims to deliver gigawatts of clean, firm power to U.S. customers and expects to create hundreds of jobs as it scales development. Zanskar markets its approach as making geothermal more predictable, lowering development costs, and enabling large-scale deployment of dispatchable baseload power.