Catalytic Capital for Founders Who Choose Hard Problems
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Founders that intentionally pick hard problems outperform. The founders we back don’t shrink in the face of a tough challenge, and it’s this courage that is the root of outperformance. Picking hard problems attracts exceptional early talent and the most ambitious capital partners, two critical inputs to any generational company.
Each fund backs roughly 15 core companies, typically at Inception, where the early decisions matter most.
We run concentrated funds by design. If we’re involved, it’s because we believe the company is worth sustained attention, not portfolio-level optionality. That constraint is how we ensure we can show up in a real way.
We invest early and lean in hardest to help:



Inception
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Varda Space
Series D
Inception
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Radiant Nuclear
Series D
Inception
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Northwood Space
Series B
Inception
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Mesh Optical
Series A
Inception
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ShipIn Systems
Series A
Inception
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Andrenam
Seed
Inception
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4D Surgical
Seed
Inception
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Metal Cross
Seed
Inception
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River Technologies
Seed
Inception
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Nexa Labs
Pre-Seed
Inception
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Möbius Industries
Pre-Seed
Inception
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Stealth
Seed
Inception
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Stealth
Seed
Inception
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Stealth
Pre-Seed
Inception
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Stealth
Pre-Seed
Inception
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Stealth
Pre-Seed
Inception
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Stealth
Pre-Seed
Inception
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Stealth
Seed
Inception
Inception
Pre-seed
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Conductor
Series A
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AnySignal
Series A
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Vital Lyfe
Seed
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Integral
Series A
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Grounded
Seed
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Higlo
Pre-Seed
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Stealth
Seed
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Stealth
Pre-Seed
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Stealth
Pre-Seed
Pre-Seed
Seed
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K2 Space
Series C
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Biosphere
Seed
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Float Health
Series A
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a37
Seed
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Stealth
Seed
Seed
Investments
Our portfolio is united by a single theme: founders building systems that resist decay rather than amplify it. Serious people building serious companies. Since 2019 we’ve invested in over 30 companies that have collectively raised over $1.5B with an aggregate enterprise value north of $7B.











Team

Mike Annunziata
Mike Annunziata is the Founder & Managing Partner of Also Capital, an early-stage venture firm that invests in technically ambitious founders early, often before markets are well defined or consensus has formed.

Brandes Woodall
Brandes is an Analyst at Also Capital, where she supports early-stage investment diligence, firm operations, and portfolio companies. She joined Also Capital as a scout in the summer of 2025 and later became the firm’s first full-time investment hire.

Andrea Tumotod
Andrea is an Executive Assistant at Also Capital, serving as the operational backbone of the team and leading internal coordination across people, processes, and information.
Will Bruey
Will is the CEO and Co-founder of Varda Space Industries, the first company commercializing in-space manufacturing for earth-sized markets and backed by Founders Fund, Lux Capital, Caffeinated Capital, Also Capital and more.
Colin Smith
Colin is on the founding team at Vast, the leading private space station developer backed by Stellar and Ripple co-founder, Jed McCaleb.
Jamie Cox
Jamie Cox is the Co-Founder and Chief Strategy Officer of Fluidstack, one of the largest AI cloud platforms in the United States.
Daniela Perlein
Daniela is the co-founder of goTenna, the mobile mesh networking leader acquired by ground autonomy unicorn Forterra.
Shaurya Luthra
Cofounder & Head of Digital, Northwood Space


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