Marketing communication · For accredited investors only
Portfolio

IPO CLUB
investments.

Disruptive startups, growing fast and shaping the future. Each company below links to our coverage. The colour key shows our relationship to each name.

Currently invested IPO'd · holding shares Due diligenced Pipeline · under coverage Research · Data Room coverage

Fund I

IPO.CLUB LLC · 2020 vintage

America 2030

A series of IPO CLUB II LLC

Kodiak

IPO'd · in lock-up

ACS

Currently investedDefense

Shotling

Currently investedDefenseRobotics

Impossible Metals

Currently investedCritical MineralsRobotics

Lightmatter

Currently investedAI InfrastructureEnergy

Loft

Currently investedSpaceDefense

newcleo

Currently investedEnergyAI Infrastructure

Redwood Materials

Currently investedCritical MineralsEnergyAI Infrastructure

Sambanova

Currently investedAI InfrastructureDefense

Shield AI

Currently investedDefenseAI InfrastructureRobotics

Terradepth

Currently investedDefenseRobotics

Anduril

Due diligencedDefense

Boom

Due diligencedEnergy

Reflect Orbital

Due diligencedDefenseEnergySpace

Aalo

PipelineEnergy

Agility Robotics

PipelineRobotics

Apptronik

PipelineRobotics

Armada

PipelineAI Infrastructure

AVRAX Systems

PipelineDefense

Blue Water

PipelineDefense

Blue Origin

PipelineSpaceAI Infrastructure

Castelion

PipelineDefense

CesiumAstro

PipelineSpace

Chaos

PipelineDefense

Crusoe

PipelineAI Infrastructure

d-Matrix

PipelineAI Infrastructure

Figure

PipelineRobotics

Firehawk

PipelineDefense

Firestorm

PipelineDefense

Forterra

PipelineDefense

Gallatin

PipelineDefense

KoBold Metals

PipelineCritical Minerals

Natilus

PipelineRobotics

Picogrid

PipelineDefense

PsiQuantum

PipelineAI Infrastructure

Saronic

PipelineDefense

Skydio

PipelineDefense

Skyways

PipelineRobotics

Star Catcher

PipelineSpace

TerraPower

PipelineEnergy

together.ai

PipelineAI Infrastructure

Varda

PipelineSpace

1X Technologies

ResearchRobotics

9 Mothers

ResearchDefense

Albedo

ResearchSpaceDefense

Andrenam

ResearchDefense

Applied Intuition

ResearchDefenseRobotics

Astranis

ResearchSpaceDefense

ATMOS Space Cargo

ResearchSpaceDefense

Atomic Industries

ResearchAI InfrastructureRobotics

Auterion

ResearchDefenseRobotics

Base Power

ResearchEnergy

Bedrock Energy

ResearchEnergy

Bedrock Robotics

ResearchRobotics

Cambridge Aerospace

ResearchDefense

Cohere

ResearchAI Infrastructure

Commonwealth Fusion

ResearchEnergy

CX2

ResearchDefense

D-Orbit

ResearchSpace

Delian Alliance Industries

ResearchDefense

Durin Mining Technologies

ResearchCritical MineralsRobotics

ElementUSA

ResearchCritical MineralsDefense

Elroy Air

ResearchDefense

Energy Dome

ResearchEnergy

Epirus

ResearchDefense

Form Energy

ResearchEnergy

Fortem Technologies

ResearchDefense

Gecko Robotics

ResearchRobotics

General Matter

ResearchCritical MineralsEnergyDefense

Groq

ResearchAI Infrastructure

Hadrian

ResearchDefense

HavocAI

ResearchDefense

Helsing AI

ResearchDefense

Hermeus

ResearchDefenseSpace

Heron Power

ResearchEnergy

Interlune

ResearchSpace

Kela Technologies

ResearchDefense

Kepler Communications

ResearchSpace

Kraken Technologies

ResearchDefense

Kyten Tech

ResearchDefenseEnergy

Lambda

ResearchAI Infrastructure

Last Energy

ResearchEnergy

Lilac Solutions

ResearchCritical Minerals

Lyten

ResearchEnergyDefenseAI Infrastructure

Mach Industries

ResearchDefenseRobotics

Maritime Fusion

ResearchRobotics

MARTAC

ResearchDefense

Mistral AI

ResearchAI Infrastructure

Modular

ResearchAI Infrastructure

Neura Robotics

ResearchAI InfrastructureRobotics

Nexla

ResearchAI Infrastructure

Nscale

ResearchAI Infrastructure

ODIN Space

ResearchSpaceDefense

Onebrief

ResearchDefense

Orqa

ResearchDefense

Overland AI

ResearchDefense

Phoenix Tailings

ResearchCritical MineralsDefense

Physical Intelligence

ResearchAI InfrastructureRobotics

Poseidon Aerospace

ResearchDefenseRobotics

Quantum Brilliance

ResearchAI InfrastructureDefense

Quindar

ResearchSpaceDefense

R2 Wireless

ResearchDefense

Radiant Nuclear

ResearchEnergy

Rebellions

ResearchAI Infrastructure

ReOrbit

ResearchSpaceDefense

Saildrone

ResearchDefense

Sanctuary AI

ResearchRobotics

Sapient Perception

ResearchDefenseAI Infrastructure

Scale AI

ResearchAI Infrastructure

Seasats

ResearchDefense

SiFive

ResearchAI Infrastructure

Skild ai

ResearchRobotics

SkyFi

ResearchSpaceDefense

SPAICE

ResearchSpaceRoboticsAI Infrastructure

Starcloud

ResearchSpaceAI Infrastructure

Tekever

ResearchDefense

Tensorwave

ResearchAI Infrastructure

Ulysses Maritime Technologies

ResearchDefense

Valar Atomics

ResearchEnergyDefense

Vannevar Labs

ResearchDefense

VSORA

ResearchAI Infrastructure

Vulcan Elements

ResearchCritical MineralsDefense

Westmag

ResearchDefenseRoboticsCritical Minerals

X-Bow Systems

ResearchDefenseSpace

Zipline

ResearchDefense
Saronic
Edoardo Zarghetta Edoardo Zarghetta

Saronic

Saronic is a U.S.-based defense technology company focused on autonomous surface vessels (ASVs) for maritime defense. Founded in 2022, it matters because it fills a critical operational and industrial gap in U.S. shipbuilding capacity. As the Pentagon shifts toward a hybrid fleet of manned and unmanned systems, Saronic’s scalable, AI-integrated platforms are positioned to become foundational assets for the next generation of naval operations.

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Skydio
Edoardo Zarghetta Edoardo Zarghetta

Skydio

Skydio is the leading U.S. manufacturer of autonomous drones, combining advanced AI with rugged hardware to support mission-critical operations in defense, public safety, and infrastructure. Backed by top-tier investors and trusted by the U.S. government, Skydio is redefining how drones are used in the real world—autonomously, intelligently, and at scale.

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PsiQuantum
Edoardo Zarghetta Edoardo Zarghetta

PsiQuantum

PsiQuantum has raised over $2 billion from top venture funds and government partners to build the world’s first utility-scale quantum computer. Backed by investors like BlackRock and major national programs, the company is positioned to lead the shift from quantum research to real-world deployment.

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Lightmatter
Edoardo Zarghetta Edoardo Zarghetta

Lightmatter

Lightmatter pioneers photonic computing, integrating light-based processors with advanced optics to revolutionize AI infrastructure. Their flagship products—Envise™, Passage™, and Idiom®—deliver unprecedented performance, scalability, and energy efficiency, positioning Lightmatter at the forefront of next-generation data center solutions. With over $850M in funding and a $4.5B valuation, Lightmatter is redefining the future of computing.

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Armada
Edoardo Zarghetta Edoardo Zarghetta

Armada

Armada AI’s goal is to deploy a “one box” turnkey solution that brings together multiple software and AI computing services plus connectivity hardware and data storage for industrial scale operations at the edge.We’re bullish on edge computing, and Armada is well positioned to lead the industry.

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Castelion
Edoardo Zarghetta Edoardo Zarghetta

Castelion

Developer of hypersonic weapons systems designed to deliver long-range, high-speed precision strikes against ground targets. The company's systems integrate solid rocket motors, advanced guidance, and targeting sensors, built for compatibility with existing military platforms. Castelion focuses on rapid development cycles, frequent flight testing, and scalable manufacturing to provide the U.S. military and its allies with affordable, next-generation strike capabilities designed to operate in contested environments.

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Figure AI
Edoardo Zarghetta Edoardo Zarghetta

Figure AI

Figure AI, founded in 2022 by entrepreneur Brett Adcock, is a robotics company developing general-purpose humanoid robots designed to address labor shortages across industries such as manufacturing, logistics, and retail. The company’s advanced AI-driven robotics integrate computer vision, machine learning, and autonomous mobility to perform structured and repetitive tasks traditionally handled by human workers. With a focus on scalable automation and real-world deployment, Figure AI aims to redefine workforce productivity through intelligent robotic solutions.

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