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The Venture Codex

Future Ventures

415 Mission St Fl 59, San Francisco, California, 94105, United States

Overview

Future Ventures is a financial services platform with a focus on disruptive technology companies such as commercial space exploration, deep learning, quantum computing, robotics, AI, blockchain, sustainable transportation, synthetic biology and clean meat. As venture capitalists, the founders of Future Ventures have led founding investments in several companies that had successful IPOs and others that were acquired for over $16 billion in aggregate. Some of our early VC investments include Memphis Meats, Mythic, Nervana, Planet, Rethink Robotics, Skype, SpaceX, Tesla and Zoox. Current board seats include SpaceX, Tesla, and D-Wave.

Total investments
55
Lead investments
18
Investments · 12mo
9
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • FinTech
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Investment portfolio

  • Hephae Energy Technology

    Participated · Series A · Jul 2026

    Hephae Energy Technology develops ultrahigh-temperature robotics, including drilling systems designed to enable precise well positioning for geothermal projects by overcoming temperature and reliability limitations of conventional drilling tools. Its technology aims to access deeper, hotter rock to support expanded geothermal energy development and to increase drilling speed and reliability. The company is led by CEO Steve Krase and is based in Houston, TX. Financially, Hephae has now raised a total of $24.7M following its $17.8M Series A. The newly raised funds are intended to accelerate commercial deployment of its advanced drilling systems and move the company toward broader market commercialization.

  • Gaussion

    Participated · Equity · Jun 2026

    Founded in 2022 as a spinout from University College London and the Faraday Institution, Gaussion develops an external magnetic charging approach that can be retrofitted to existing lithium-ion battery packs. Its two main products are MagLiB, a magnetic printed circuit board add-on for packs, and Aeon, a control chip and software platform that together form a smart control layer. The company claims faster charging and extended battery lifespan without changing cell chemistry or design and supports 14 active commercial programs across automotive, aerospace, grid storage and consumer electronics. Gaussion has filed 66 patent applications in 17 families and reported about 19 employees as of June 2025. In October 2025 it moved into a 40,000-square-foot R&D facility in central London. The company positions itself to capture demand from AI data centres, electric vehicles and grid-scale storage as the battery management market grows.

  • Red Metals

    Participated · Seed · Jun 2026

    Red Metals was founded by Jackson Switzer to reshore copper refining and finished copper product manufacturing in the U.S. The company has developed a proprietary refining process that integrates physical processing, advanced sorting, and metallurgical refining into a single continuous operation to eliminate many traditional intermediate steps. Initially focused on domestic copper scrap, Red Metals’ first commercial product will be high-conductivity copper rod used in wire, magnet wire, and other electrical applications. The approach is intended to reduce supply chain complexity, lower emissions, and shorten production timelines from months to days. Red Metals plans to build its first production facility in Charleston, South Carolina, with a planned investment of about $70 million and expects the initial phase to create at least 45 jobs. The company targets growing end markets including data centers, grid modernization, electrification, and defense systems.

  • Pumpkinseed

    Participated · Series A · May 2026

    Pumpkinseed is building the deSIPHR platform to enable de-novo protein sequencing, with the goal of reading proteins directly at the resolution of single amino acids. The company says it aims to manufacture billions of sensors across a silicon wafer to scale access to protein-level biological data. Pumpkinseed presented a team of founders and technical leads in its announcement and plans to grow headcount following the Series A. The startup frames its technology as unlocking biology’s functional layer by enabling direct protein reading rather than inferring function from DNA. The company secured $20M in Series A financing to advance the platform and accelerate hiring and development efforts. No revenue or user metrics were disclosed in the announcement.

  • Mojo Vision

    Led · Equity · Mar 2026

    Mojo Vision pioneers a wafers-in, wafers-out micro-LED platform intended to enable massively parallel optical I/O for AI infrastructure. Its integrated approach combines advanced 300mm CMOS circuitry, GaN-on-silicon micro-LED emitters, silicon photodetectors, multicore fiber bundles, custom micro-lens arrays, and proprietary software and tools. The company says this architecture enables thousands of optical channels in a compact footprint, delivering high bandwidth density, low energy per bit, and built-in redundancy. Mojo Vision has framed its technology as relevant to terrestrial data centers as well as distributed and orbital computing architectures where power, weight, and scalability matter. The company is based in Cupertino, Calif., and recently completed a $75 million financing the prior August before securing the $17.5 million strategic investment from Future Ventures. Mojo Vision is collaborating with Marvell to develop high-density micro-LED connectivity solutions as it advances commercialization.

Team

  • Maryanna Saenko

    Co-founder and Partner

    LinkedIn
  • Steve Jurvetson

    Managing Director & Founder

    LinkedIn
  • Benjamin A Coppel Sullivan

    Limited Partner

    LinkedIn