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.
Fund I
IPO.CLUB LLC · 2020 vintage
SpaceX
IPO'd · holdingxAI
IPO'd · holdingAddepar
Currently investedBoxabl
Currently investedEpic Games
Currently investedFlexport
Currently investedImpossible Foods
Currently investedKraken
Currently investedNatilus
Currently investedNeuralink
Currently investednewcleo
Currently investedOpenAI
Currently investedPerplexity
Currently investedPlaid
Currently investedRipple
Currently investedTerradepth
Currently investedAmerica 2030
A series of IPO CLUB II LLC
Kodiak
IPO'd · in lock-upACS
Currently investedDefenseShotling
Currently investedDefenseRoboticsImpossible Metals
Currently investedCritical MineralsRoboticsLightmatter
Currently investedAI InfrastructureEnergyLoft
Currently investedSpaceDefensenewcleo
Currently investedEnergyAI InfrastructureRedwood Materials
Currently investedCritical MineralsEnergyAI InfrastructureSambanova
Currently investedAI InfrastructureDefenseShield AI
Currently investedDefenseAI InfrastructureRoboticsTerradepth
Currently investedDefenseRoboticsAnduril
Due diligencedDefenseBoom
Due diligencedEnergyAalo
PipelineEnergyAgility Robotics
PipelineRoboticsApptronik
PipelineRoboticsArmada
PipelineAI InfrastructureAVRAX Systems
PipelineDefenseBlue Water
PipelineDefenseCastelion
PipelineDefenseCesiumAstro
PipelineSpaceChaos
PipelineDefenseCrusoe
PipelineAI Infrastructured-Matrix
PipelineAI InfrastructureFigure
PipelineRoboticsFirehawk
PipelineDefenseFirestorm
PipelineDefenseForterra
PipelineDefenseGallatin
PipelineDefenseKoBold Metals
PipelineCritical MineralsNatilus
PipelineRoboticsPicogrid
PipelineDefensePsiQuantum
PipelineAI InfrastructureSaronic
PipelineDefenseSkydio
PipelineDefenseSkyways
PipelineRoboticsStar Catcher
PipelineSpaceTerraPower
PipelineEnergytogether.ai
PipelineAI InfrastructureVarda
PipelineSpace
KoBold Metals
Critical-minerals exploration and development company that combines AI/ML + geoscience to improve discovery rates for minerals central to electrification and energy resilience (notably copper, lithium, nickel, cobalt). KoBold positions itself as making exploration “repeatable” by integrating large geoscience datasets with advanced modeling and domain expertise.
d-Matrix
d-Matrix is a fabless semiconductor company building specialized AI inference accelerators designed to dramatically reduce the cost and energy consumption of serving large language models and generative AI workloads. The company's thesis centers on the economics of AI inference—the production phase of serving deployed models—which represents the vast majority of compute costs in AI systems once models move beyond training. d-Matrix has raised $429 million in total funding across three rounds: $44M Series A (2022), $110M Series B (September 2023), and $275M Series C (November 2024).
Terrapower
TerraPower is an American nuclear reactor design and development company. TerraPower focuses on creating advanced nuclear technologies that provide safe, affordable, and abundant carbon-free energy. The company's mission is to address critical global challenges in energy, climate, and human health through innovative nuclear technology. TerraPower aims to improve quality of life worldwide by delivering clean energy solutions and advancing medical technologies, such as processes to extract radioisotopes for cancer treatment.
Star Catcher
Star Catcher Industries is a Jacksonville, Florida-based space infrastructure company founded in 2024 by seasoned space entrepreneurs Andrew Rush and Michael Snyder alongside venture capital expert Bryan Lyandvert. The company operates under the fundamental mission to eliminate power constraints on satellites and spacecraft by constructing the Star Catcher Network—the world's first space-based energy grid designed to wirelessly transmit concentrated solar energy directly to satellites' existing solar arrays.
Agility Robotics
Agility Robotics is a Corvallis, Oregon-based robotics company developing bipedal humanoid robots designed to operate in human-centric environments. Founded in 2015 as a spinout from Oregon State University’s Dynamic Robotics Laboratory, the company operates under the philosophy that robots should be versatile enough to work in spaces built for people—navigating stairs, curbs, and unpredictable terrain—rather than requiring purpose-built infrastructure. Its fundamental mission is to build "robots that work," specifically addressing labor shortages and performing dull, dirty, or dangerous tasks in logistics and manufacturing.
Apptronik
Apptronik is a human-centered robotics company headquartered in Austin, Texas, developing AI-powered humanoid robots designed to augment human capability rather than replace it. Founded in 2016 as a spinout from the University of Texas at Austin's Human-Centered Robotics Laboratory, the company operates under the philosophy that "It is not Man vs. Machine, but Man + Machine." The company's fundamental mission is to create "human helpers to support humanity in every facet of life" by building versatile robots that address labor shortages, improve workplace efficiency, and ultimately transform how humans work and live.
Together.ai
Together AI is a research-driven artificial intelligence company specializing in decentralized cloud services that empower developers, researchers, and enterprises to train, fine-tune, and deploy generative AI models at scale. Founded in 2022 and headquartered in San Francisco, Together AI has rapidly become a leader in AI infrastructure, focusing on making advanced AI accessible, affordable, and open-source1268.
Gallatin
Gallatin is a Washington, D.C.-based defense technology company focused on transforming military logistics through artificial intelligence. Founded in 2024 by a team with deep experience in Palantir, Scale AI, Amazon, and the Department of Defense, Gallatin leverages advanced software to deliver faster, smarter logistics and supply chain solutions for high-stakes military operations.
Firestorm Labs
Firestorm Labs is a San Diego-based defense technology company specializing in modular, open-architecture unmanned aerial systems (UAS) and expeditionary manufacturing solutions for military and critical commercial domains. Founded in 2022, Firestorm leverages advanced additive manufacturing and digital integration to drastically reduce cost and production timelines, enabling rapid field deployment and adaptation at the point of need.
Forterra
Forterra is a Maryland-based defense and industrial autonomy technology company specializing in next-generation autonomous driving systems for ground vehicles. Founded by Alberto Lacaze (formerly Robotic Research), Forterra delivers platform-agnostic, ruggedized autonomy for both military and commercial vehicles, ranging from logistics convoys to industrial yard trucks, with a focus on GPS-denied, off-road and contested environments.