# Inflection
> Inflection is a boutique venture capital fund investing in non-consensus engineering moonshots at the idea stage.

Website: https://inflection.fund
Contact: contact@inflection.fund

Keywords: venture capital, engineering moonshots, pre-seed fund, seed fund, early stage investing, deep tech, future of computation, cryptography, physical AI, robotics, manufacturing, energy, resilience, aerospace

For full content of all articles, see [llms-full.txt](https://inflection.fund/llms-full.txt).

## About

Venture capital was born out of conviction, not conformity. Over time, it traded serendipity for playbooks. We reclaim venture's origins by powering a renaissance in Western tech. We back a handful of engineering moonshots per annum, built by pathologically obsessed founders. We serve them with all we've got when it matters and step out of their way when it doesn't. Our empathy for them is made of scar tissue. We optimize for outcomes, not management fees. We are operators and engineers building an empire.

## Philosophy

We are living through an era of hyper volatility that is leaving us with generational opportunities for creators and investors alike. Staying true to venture’s origins, we seek exposure to high convex, big-if true ventures. We perceive high write off quotas as a feature, not a flaw. We optimize for asymmetric, uncapped upside, not downside protection.

Our investment approach is technology agnostic. We consider AI as force of concentration and equalization in pure information domains. Hence we are keen to explore problems rooted in the physical world where friction and chaos reign over the perfect illusion of the virtual world. We seek exposure to areas where bits meet atoms; where moats and network effects can be created around sensing, data and hardware. Some of our top of mind themes are the future of computation, resilience and aerospace, amongst others.

Greatness cannot be planned. Engineering breakthroughs are the result of serendipitous exploration. The patterns of progress are shaped by outsiders with exceptional analogous reasoning capabilities or experts with highly unusual approaches to problem solving.

We work with particular founder archetypes. Pathologically problem obsessed and resilient with scar tissue. No ego, no bullshit. Put on this planet to build what they’re building. We back them with all we’ve got, not just capital. Industry networks, tools, data, but most importantly: personal commitment. We show up when things get difficult. We don’t mind meeting on a Christmas to get a round done.

What was once a niche industry run by misfits with ambitious ideas and artistic craft turned into a soulless startup factory for incrementalism. We are building a different kind of firm.

## Investment Focus

- **Stages:** Idea, Pre-Seed, Seed
- **Check Size:** $500K - $2M
- **Geography:** Global with a preference for Europe (80%) and North America (20%)
- **Sectors:** Future of Computation, Cryptography, Physical AI, Robotics, Manufacturing, Energy, Resilience, Aerospace

## Team

- **Alexander Lange** — Founding GP — Grew up in a working class family, graduated top 5% in German Law (nation wide), parallel degree in Economics, KAS fellow. 3y as operator in growth, product and cyber at Google and early stage fintech startup Pepperbill (acquired). 5y VC with Earlybird and Index Ventures before starting Inflection 2019. Spent 3y raising Fund II of $40M through a pandemic as a Solo GP.
- **Jonatan Luther-Bergquist** — GP — Engineering Physicist & Computational Science; MS from TUM, EPFL, Uppsala. 3y at startup building cryptography software for UN with 500k users in emerging economies. 3y in IT at BCG building large energy trading infra. Marathon in 2.40h.
- **Alex Patow** — Engineer — Mechanical Engineer from Boston University, American migrated to Stockholm, Sweden. 4y engineering lead at Accenture Digital. 4y at EQT as part of the Motherbrain team. Board member at Stockholm AI. Built Inflection's technology stack.
- **Robert S.** — Director — Serial entrepreneur in consumer electronics and software before founding a real estate investment and development firm which he led for over two decades. Co-founded Inflection in early 2019, focusing on fund administration, operations, and stakeholder management. Emory University graduate, based in Boston (or Maui).
- **Rebecca M.** — VP Finance — Nearly three decades in real estate investment and development, leading due diligence, budgeting, and marketing. Co-founded Inflection in 2019 and handles investor relations, accounting, and controlling. University of the South graduate, based in Boston.
- **Jon Levin** — Counsel — Nearly four decades practicing commercial law, real estate development, and venture capital transactions. Founding partner of boutique law firm Garrity, Levin and Muir LLP. Co-founded Inflection and handles compliance, governance, and legal matters. Based in Boston.

## Portfolio

- **Hanseatic** (2026): Programmable merchant for energy assets: [Website](https://hanseatic.net/)
- **Hedy** (2025): Presence security: [Website](https://hedycyber.com/)
- **Levtek** (2025): Modular robots for industrial workers: [Website](https://www.levtek.io/)
- **Ark** (2025): Autonomous fleet control: [Website](https://ark-robotics.com/)
- **Nordic Air Defence** (2025): Irondome for the northern hemisphere: [Website](https://www.nordicairdefence.com/)
- **Deep Earth** (2024): Subsurface mapping: [Website](https://www.deepearth.tech/)
- **Lodestar** (2024): AI fighter pilots for the space domain: [Website](https://lodestar.space/)
- **Ubitium** (2024): Universal edge processing: [Website](https://www.ubitium.com/)
- **Fabric** (2023): Hardware acceleration for encrypted AI: [Website](https://fabriccryptography.com/)
- **Radical** (2023): Stratospheric compute platform: [Website](https://radicalaero.com)
- **Tune Insight** (2023): Privacy preserving ML: [Website](https://tuneinsight.com)
- **Worldcoin** (2023): Financial network for verified humans: [Website](https://world.org/)
- **Aptos** (2022): Edge compute for the space economy: [Website](https://www.aptosorbital.com/)
- **Arx** (2022): Digital-to-physical twins: [Website](https://arx.org)
- **Hologram** (2022): Gateway to the metaverse: [Website](https://hologram.xyz)
- **Senken** (2022): Open carbon markets: [Website](https://senken.io)
- **Catalog** (2021): A new medium for music: [Website](https://catalog.works)
- **Defined** (2021): Open data supply: [Website](https://defined.fi)
- **Flashbots** (2021): Private and secure transactions: [Website](https://flashbots.net)
- **Moonpay** (2021): Crypto payment rails: [Website](https://www.moonpay.com/)
- **t2** (2021): Humane content creation: [Website](https://t2.world)
- **Foundation** (2020): Hardware for the sovereign individual: [Website](https://foundationdevices.com/)
- **Anytype** (2019): Local first AI: [Website](https://anytype.io/)
- **Centrifuge** (2019): Real world assets on chain: [Website](https://centrifuge.io/)
- **Molecule** (2019): A new era of drug development: [Website](https://molecule.to)

## Writings

### News

- [SVRGN Weekly Digest](https://inflection.fund/writings/svrgn-weekly-digest): (Mostly) Weekly news about Sovereign Computation.
- [Ubitium – ubiquitous compute](https://inflection.fund/writings/ubitium-ubiquitous-compute): aka. a compute-abundant future and a $3.7M seed round to kick it off.
- [Fabric](https://inflection.fund/writings/fabric-cryptography-vpu-investment): Verifiable Processing Units (VPUs) to accelerate cryptography.
- [Radical Aero](https://inflection.fund/writings/radical-aero): Stratospheric, autonomous airplanes to provide connectivity and imagery services.
- [Less trust, more truth in AI through verifiable compute](https://inflection.fund/writings/less-trust-more-truth-ai-verifiable-compute): How crypto technologies keep AI accountable, transparent and aligned. Featuring our investment into Modulus Labs.
- [Tune Insight closes $3.4M seed round](https://inflection.fund/writings/tune-insight-closes-usd3-4m-seed-round): How Tune Insight Is Harnessing The Power Of Sharing
- [Anytype: Pioneering the future of trustful collaboration through knowledge graphs](https://inflection.fund/writings/anytype-pioneering-the-future-of-trustful-collaboration): Of end to end encrypted knowledge graphs, AI's context problem, Graph Neural Networks and proofs of identity, data provenance and compute.
- [Announcing Inflection's $40M Fund II](https://inflection.fund/writings/announcing-inflections-40m-fund-ii): Exploring new frontiers where the collective benefits from open access to markets, data and knowledge while the sovereign individual is empowered through privacy and ownership.

### Research

- [Maritime Surveillance Economics](https://inflection.fund/writings/maritime-surveillance-economics): First-principles cost analysis across 15 surveillance platform types. 
- [Observations from Earth](https://inflection.fund/writings/observations-from-earth): A longer post on a physically large subject
- [Economics of the Stratosphere](https://inflection.fund/writings/economics-of-the-stratosphere): The Stratosphere Is an Infrastructure Layer
- [When LEO Fails: The case for stratospheric infrastructure](https://inflection.fund/writings/when-leo-fails-stratospheric-infrastructure): Kessler Syndrome, Space War, Solar Storms, Regulatory Failure - HAPS to the rescue
- [The End of Software As We Know It](https://inflection.fund/writings/the-end-of-software-as-we-know-it): Inside the software chrysalis, everything dissolves before it transforms.
- [Physical AI: From Vertical Services to a Self-Replicating Robot Economy](https://inflection.fund/writings/physical-ai-vertical-services-self-replicating-robot-economy): Exploring physical AI's inflections, bottlenecks, modular technology stack and venture opportunities.
- [Europe’s New Defense](https://inflection.fund/writings/europes-new-defense): Of Inflections, Market Structure, Challenges And Opportunities.
- [European dynamism through sovereign compute in space](https://inflection.fund/writings/european-dynamism-sovereign-compute-space): Inflection and Lunar ventures co-leading the $2.5M pre-seed round into Lodestar: autonomous operations in space.
- [Crypto as Defence Tech](https://inflection.fund/writings/crypto-as-defence-tech): Why bridging crypto and defence is a strategic imperative.
- [Thesis 2.0 - Sovereign Computation](https://inflection.fund/writings/thesis-2-0-sovereign-computation): The world has changed, so has our thesis.
- [New Frontiers in Defense Tech](https://inflection.fund/writings/new-frontiers-in-defense-tech): Impressions from the European Defense Tech Summit in Madrid.
- [Bitcoin and crypto networks as climate positive technologies](https://inflection.fund/writings/bitcoin-crypto-networks-climate-positive-technologies): Civilisation and energy usage; Bitcoin's electricity consumption and carbon footprint; Bitcoin as demand response tech; Fiat money and excessive growth; Regenerative Finance.
- [Eth post-merge data tools](https://inflection.fund/writings/eth-post-merge-data-tools): A list of resources for tracking Ethereum data dashboards and tools for monitoring. We take no responsibility for the accuracy of the data published. Be aware of different biases/definitions.
- [How professional credentials unlock on chain talent markets](https://inflection.fund/writings/professional-credentials-unlock-on-chain-talent-markets): Metaverse workers and internet native organisations will programmatically coordinate resources - professional credentials are the foundation.
- [Rethinking asset ownership through a user control and experience lens](https://inflection.fund/writings/rethinking-asset-ownership-user-control-experience): Custody providers require you to be rich and trust big companies - that's silly. Here is how we can change it.

### Building

- [AI Enhanced Second Brain](https://inflection.fund/writings/ai-enhanced-second-brain): Building a thinking partner
- [Building for Venture Capital](https://inflection.fund/writings/building-for-venture-capital): An Open Source Resource for Engineers Entering VC
- [Introducing Kepler: Inflection's Home for Research](https://inflection.fund/writings/introducing-kepler-inflection-research-platform): Deep research tools for a fund that likes to do deep research.
- [Data-Driven Investing as a Micro Fund](https://inflection.fund/writings/data-driven-investing-as-a-micro-fund): Lessons from our first year of data-driven initiatives at Inflection.
- [An engineering approach to Venture Capital](https://inflection.fund/writings/engineering-approach-to-venture-capital): Building a computer aided venture investing machine (CAVI)

### Markets

- [Heresy and the Venture Industrial Complex](https://inflection.fund/writings/heresy-and-the-venture-industrial-complex): The ocean of sameness; the rise of the industrial venture complex; what it means for emerging venture funds; why heresy is important; where heretics go next.
- [Depth vs. Breadth](https://inflection.fund/writings/depth-vs-breadth): Maybe investors should use both System 1 and 2 thinking?
- [The Agent Economy: A New Computational Paradigm](https://inflection.fund/writings/the-agent-economy-a-new-computational-paradigm): Examining the emerging agent technology stack and its potential to fundamentally transform computational systems.
- [Crypto - Quo Vadis](https://inflection.fund/writings/crypto-quo-vadis): The crypto economy needs more than being left alone by over-reaching regulators.
- [The Anatomy of Inflections](https://inflection.fund/writings/the-anatomy-of-inflections): Inflection theory, contextual awareness and time resolution to build iconic companies.
- [Venture’s Consolidation and the Case for Emerging Managers](https://inflection.fund/writings/venture-consolidation-case-for-emerging-managers): Consolidating over-heated markets; the risks of long term over-concentration; why emerging managers uphold idea meritocracy and outsized returns for LPs
- [European Acceleration](https://inflection.fund/writings/european-acceleration): Reasons, Realities and Routes.
- [Build pyramids, not casinos](https://inflection.fund/writings/build-pyramids-not-casinos): Principles of picking founders and companies in a hyper speculative market.
- [Key Learnings](https://inflection.fund/writings/key-learnings-building-emerging-venture-firm): What we got right and wrong building an emerging venture firm.
- [DeSci's Reality Check](https://inflection.fund/writings/descis-reality-check): Bridging the gap between idealism and pragmatism.
- [The great reset](https://inflection.fund/writings/the-great-reset): Reframing the state of crypto.

### Events

- [European Defense Tech Hackathon](https://inflection.fund/writings/european-defense-tech-hackathon): Sovereignty of democracy requires innovation in defense
- [Join Augment - a Decentralized AI hackathon hosted by Inflection and friends](https://inflection.fund/writings/join-augment-decentralized-ai-hackathon): At ethCC Paris - July 18-19, 2023 - Station F
- [DAOday.wtf was a blast](https://inflection.fund/writings/daoday-wtf-was-a-blast): Here's what you missed in case you couldn't be there.