MetaVC Partners Closes Fund, at $62M

venture capital

MetaVC Partners, a San Francisco, CA-based venture capital firm, closed MetaVC Partners, LLC, at $62m.

Investors in the fund include Corning Inc., Gates Frontier, JSR Corporation along with other family wealth offices and institutional pension funds.

The fund will invest in early-stage, hard-tech metamaterials startup companies. Metamaterials refer to a broad class of manufactured materials engineered to control and manipulate energy (e.g., radio waves, light, and sound). Composed of arrays of structures whose size and spacing can be finer than the wavelength of visible light, metamaterials are designed to exhibit properties not found in naturally occurring materials. Metamaterials are being deployed commercially to produce high-performance and energy-efficient products in computing, imaging, wireless communications, and sensors.

The firm’s current investments include:

  • Lumotive, which uses the physics of metamaterials to produce tiny semiconductor scanning sensors for anti-collision systems and consumer electronics applications.
  • Mangata Networks, which is building a proprietary network of satellites and terrestrial systems to bring low-cost, ubiquitous connectivity to networks, data, and devices.
  • Imagia, which uses metamaterials to produce flat-optical lens technologies used in AR/VR headsets and other consumer electronics products.
  • Neurophos, which is building high-performance optical AI processors that will be over one hundred times faster and more energy-efficient than today’s state-of-the-art AI computer processors.

Led by co-founders and managing partners Chris Alliegro and Conrad Burke, MetaVC Partners is an early-stage venture fund investing in new startup companies using metamaterials for applications in renewable energy, high-performance computing, imaging, and next generation wireless communications and sensors.

FinSMEs

12/04/2023