Fourth Realm
41111 Mission Boulevard, Fremont, CA, 94539, United States
Overview
Fourth Realm invests at the intersection of bits and atoms, looking for founder-problem fit, step-functioning changes, and markets being pushed to evolve by massive tailwinds.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Enterprise
- FinTech
- Venture Capital
Investment portfolio
- Expedock
Participated · Series A · Aug 2022
Expedock’s core product extracts invoices and shipment documents from PDFs and emails, converts them into payable invoices, audits them against accruals, reconciles with third‑party sites and internal systems, and pushes data into TMS and ERP tools. The platform trains its invoice‑extraction models using documents, shipment data, public data and AI‑generated sources. Customers include large supply‑chain brands such as Wayfair, ClearFreight and Ascent, and the company says usage and shipment volume have been growing. Roadmap items include AI features for fraud detection in supply‑chain payments and predictions for vendor churn and margins. The startup employs 13 people and plans to hire engineers and account executives, targeting about 40 employees by year‑end 2022 and expanding platform integrations. Expedock says business has remained steady despite macro headwinds and is positioning its product to improve visibility in semistructured, siloed logistics data. Expedock is a Philippine-headquartered company that provides AI-based outsourcing services to logistics and freight providers. Its core offering centers on AI services tailored to logistics and freight operations. The company has raised $1.15 million in a pre-seed funding round. The round was led by Liqing Zeng, co-founder of Tencent Holdings. The article does not list additional investors or further financial details.
- Kahoona
Participated · Seed · May 2022
Kahoona provides a data-generation and activation platform for the open web. Its AI-driven solution generates user profiles by analyzing interactions with websites and transforms insights into actionable audience segmentation to increase revenue and improve conversion KPIs via personalization. The platform is positioned to help digital businesses secure revenue and protect users' privacy in a walled-garden world. Kahoona raised $4.5M in Seed funding to expand R&D, grow operations and extend its initial success to the U.S. market. The round included participation from Global Founders Capital (lead), Cardumen Capital, Plug and Play, Fourth Realm and angel investors from Amazon, IronSource, NBCUniversal, Verizon and SAP. Headquartered in San Diego, the company is hiring data scientists and developers for an R&D center in Tel Aviv and sales and marketing staff at its U.S. headquarters.
- Universal Hydrogen
Participated · Equity · Oct 2021
Universal Hydrogen develops an end-to-end hydrogen logistics network for aviation centered on modular hydrogen capsules that travel over existing freight networks and are handled like cargo. The company is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen. Universal Hydrogen anticipates starting hydrogen deliveries for regional aircraft in 2025 and plans to expand services to larger single-aisle aircraft as auxiliary power in the late-2020s and as a primary fuel by the mid-2030s. Its approach eliminates the need for new fueling infrastructure at airports and speeds fuel loading operations. The company has assembled aviation and hydrogen industry partners and talent to build the full value chain for hydrogen aviation. No financial metrics (revenues/users) or fundraising amounts are disclosed in the article. Universal Hydrogen builds a hydrogen fuel cell powertrain and modular hydrogen fuel capsules to enable hydrogen-powered commercial flight. Its core products are lightweight, flight‑designed modular capsules for transporting green hydrogen via existing freight networks and a retrofit conversion kit to install a hydrogen‑electric powertrain on regional aircraft. The capsules are intended to deliver hydrogen directly to aircraft using existing airport cargo handling equipment without new infrastructure and are designed for flight and ground-transport safety certification. The company plans a first test flight of its fuel cell powertrain on a 40+ passenger regional airliner in 2022 and targets entry into commercial service in 2025 with certified kits for ATR 72 and De Havilland Canada Dash‑8 aircraft plus a green hydrogen fuel services offering. Universal Hydrogen reports signed LOIs from operators including Icelandair, Air Nostrum, Ravn Alaska, and ASL Aviation Holdings and says its unit economics will be equivalent or better than conventional jet-fuel variants. The company has raised $85 million in total capital to date following the new $62 million round and is headquartered in Los Angeles with an engineering center in Toulouse and a flight test center in Moses Lake, Washington. Universal Hydrogen is a Los Angeles-based startup building lightweight modular capsules to transport green hydrogen and conversion kits for aircraft fuel cells. Its capsules are designed in different sizes to serve vehicles from VTOL air taxis to long-distance single-aisle planes and to be interchangeable within each aircraft class. The company is also developing a modified 40–60-seat turboprop in collaboration with Plug Power and magniX to demonstrate regional flights of up to 700 miles. Universal Hydrogen aims to deliver an end-to-end hydrogen value chain for aviation by 2025 and ultimately to offer retrofit kits for regional airlines. The firm raised a $20.5 million Series A and will use the funds to grow its team from about 12 people to roughly 40 and accelerate technology development. The company positions its capsule logistics as a platform play to attract other producers and aircraft makers rather than being the sole aircraft manufacturer.
- Zap Energy
Participated · Series B · May 2021
Zap Energy is developing a fusion reactor based on a sheared flow stabilized Z-pinch, often described as a “lightning-in-a-bottle” approach. Its design sends an electrified plasma stream through a vacuum chamber so the plasma generates its own magnetic confinement field, avoiding costly external magnets and lasers. Each pulse releases neutrons that, in the company’s final design, would be captured and converted to heat by a molten metal jacket surrounding the reactor core. The core technology was spun out of research at the University of Washington and Lawrence Livermore National Laboratory. Zap recently tested a prototype reactor successfully and says it expects its reactor’s power production to reach breakeven within a year. The company has raised fresh capital to advance development and commercialization efforts. Zap Energy is developing a compact, low-cost and scalable fusion reactor that uses a sheared-flow stabilized (SFS) Z-pinch and does not employ magnetic fields. The reactor design is modular and tolerant to high-energy neutrons, and builds on work first pioneered by the FuZE team at the University of Washington together with Lawrence Livermore National Laboratory. Zap achieved thermonuclear fusion in 2018 and is targeting scientific energy breakeven by 2023. The company says success would enable inexpensive, unlimited carbon-free energy and plans to use new capital to advance key reactor technologies toward that goal. Zap Energy was co-founded in 2017 and is based in Seattle, WA. Financially, the company has recently closed a $27.5M Series B following a $6.5M Series A nine months earlier. Zap Energy is a Seattle-based start-up founded in 2018 developing a next-generation modular nuclear reactor for fusion power. Its core technology stabilizes plasma using sheared flows to confine and compress the plasma. The company positions its approach as aiming for cost-effective, flexible, and commercially scalable fusion. Zap Energy says it will use proceeds from the recent round to continue technology development and to grow its development team. The company is part of broader industry efforts to develop low-carbon energy alternatives to conventional fission power. Zap Energy is described in the article as having completed a notable financing. According to an SEC filing cited by the article, the company closed a $130 million round. Investors in that round included Soros Fund and Laurene Powell Jobs’ Emerson Collective. The SEC filing states the raise brings the company’s total capital raised to $327 million. The article does not provide information about the company’s product, operating metrics, founding year, location, or the full investor syndicate.
- Aerial
Participated · Seed · Apr 2021
Aerial is a San Francisco, CA–based provider of a sustainable living app that enables users to track travel-related carbon emissions in real time and discover ways to reduce home energy use and save on energy costs. The company plans to use its recent funding to continue building its engineering team, create short-form climate-focused content, and develop a smart home integration tool. Founded by Andreas Homer, Ari Sawyers, and Ebby Amir—who previously worked on apps for Google, Apple, Microsoft, Facebook and startups including Sunrise, Acompli, Casper, and Path—Aerial combines product experience with climate-focused features. Using the funding it has launched an NFT offset tool that calculates the carbon emissions of NFT collections and instantly offsets them via contributions to verified carbon offset and carbon capture projects. That NFT tool has been used by artists such as Calvin Harris and Mr. Brainwash to offset specific NFT drops. The company closed a $2M seed funding round to support these product and growth efforts.
Team
Jack Coleman
General Partner
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