Overlap Holdings Launches $33M Fund for Frontier Tech Startups
- Editor
- Feb 5
- 1 min read
What's Happening: Overlap Holdings, a new venture capital firm, has announced the final close of its inaugural $33 million fund, Overlap Holdings Flagship Fund 1 (OHF1). The fund will focus on early-stage frontier tech startups in sectors like Energy, Life Science, Materials Science, Space, Robotics, and Semiconductors.
The Key Moves:
Fund will invest in early-stage (Seed through Series B) startups at the intersection of scientific innovation and hardware.
Overlap's strategy combines equity investments with introductions to non-dilutive funding sources, primarily debt.
The firm has already invested in 11 frontier tech startups and aims for 30-35 total investments.
By The Numbers :
$33 million raised for Overlap Holdings Flagship Fund 1 (OHF1).
Average investment size of approximately $700,000 per startup.
Target of 30-35 total investments for the fund.
Key Quotes:
"The mission of Overlap Holdings is to refocus venture on solving world-scale problems," said Justin Stevens, founder.
"Overlap Holdings is not a typical venture capital firm. While most firms focus on engineering or operations, we bring 30-plus years of financial structuring expertise to this capital-intensive ecosystem," said Rob Morelli, COO.
"Our key societal indicators of well-being tell a stark story: GDP growth is underwhelming, life expectancy is stagnant, and people are unhappy in record numbers," Stevens stated.
The Bottom Line: Overlap Holdings is bringing a Wall Street approach to frontier tech venture capital, aiming to bridge the funding gap for capital-intensive startups solving major global challenges. By combining equity investments with debt financing expertise, the fund seeks to provide a more comprehensive support system for early-stage companies in critical sectors.
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