Deep tech focused Ubiquity Ventures announced it’s debut today, armed with plans to further the growth of new technologies.
The seed stage venture capital firm has $30 million in the bank already, and will make up to $2 million in investments in startups that focus on smart hardware and machine learning applications.
The founder of Ubiquity Ventures is Sunil Nagaraj, who spent six years at Bessemer Venture Partners before launching his own firm. He has worked in venture capital financing for ten years, and is backed with a team of experienced VC veterans from such renowned tech firms as Dropbox, Airbnb, Facebook and Pinterest.
“Nerdy and early is my mantra,” said Nagaraj, who is also Managing Partner of the firm. “I aim to be the investor that is most like the founders I invest in. I spend at least one day a week coding, soldering or showing my young daughter the basics of engineering. This is crucial to understanding the nascent technologies in which I invest and connecting with founders I seek to back. Being technical is in my DNA.”
Ubiquity Ventures has already funded nine ventures that include livestock corralling with smartphones, self-driving car testing and more precise factory robots.
“By starting a tightly-focused firm, I can move at founder speed, giving high-potential teams early capital so they can get to market as fast as possible without jumping through hoops,” says Nagaraj.