11.2 Capital

11.2 Capital is an early-stage venture capital firm based in San Francisco, California, established in 2015. The firm is dedicated to investing in nascent technology startups with a global vision, primarily focusing on deep technology sectors. Its investment thesis centers on identifying disruptive innovations at their foundational stages, providing capital and strategic support to help these companies scale.

The firm's investment strategy is highly specialized, targeting areas such as Artificial Intelligence, Machine Learning, Semiconductors, Cloud Infrastructure, Robotics, and Quantum Computing. 11.2 Capital seeks out companies that are developing foundational technologies with the potential for significant long-term impact across various industries. While based in the United States, their stated commitment to a "global vision" suggests an openness to companies with international market potential or distributed teams.

11.2 Capital typically participates in Seed and Series A funding rounds. Their portfolio includes several high-profile deep tech companies such as SambaNova Systems, Cerebras Systems, Lightmatter, and Mythic. A notable success story for the firm is Nuvia, a semiconductor startup that was acquired by Qualcomm for an impressive $1.4 billion. The firm has made approximately 12 investments to date, often participating alongside other prominent investors, and has been reported as leading only one of those rounds. Given their early-stage, deep-tech focus, typical initial investments from 11.2 Capital generally range from $1,000,000 to $5,000,000, reflecting their commitment to supporting capital-intensive technological development.