Initialized Capital

Constructor Capital is a Swiss based early-stage capital firm investing in Deep Tech, Software, and Edtech. We bridge frontier research and scalable venture capital, backing founders who turn scientific breakthroughs and advance software ideas into global businesses. We’re the venture engine inside of Constructor Group - our global ecosystem across research, universities and applied technology. We connect frontier research with venture discipline, by backing founders to go from Lab to Market faster and with higher conviction. Our edge is the Research Network: relationships with 50+universities (Columbia, Oxford etc.) and 500+ world-class researchers (Hongkun Park, Harvard University; Ruslan Salakhutdinov, Carnegie Mellon University; Alexei Kitaev, Caltech etc.) to source and diligencedeep science opportunities early. Group assets: access to Constructor > University (Germany’s largest private university with 2000 students), Constructor > Tech (all-in-one platform for research & education) for pilots, talents and co-development and Constructor > Start, our flagship equity-free accelerator program. Our operator DNA: partners who’ve founded and scaled platforms like Parallels, Acumatica, Acronis, Virtuozzo and WebPros - we know how to build, sell and scale B2B software. Go-to-market Reach: a global network of VC’s, Lps, and corporate partners across Europe, Mena, US, Asia, with Swiss credibility and compliance at the core. Ecosystem deal flow: we work hand to hand with TTOs, incubators and accelerators to turn academic IP into companies, and keep our pipeline sustainably strong. We are passionate about the future – and we back it with our investments. We invested in quantum technologies before they gained mainstream attention (IDQ, IonQ), and we are constantly on the lookout for breakthrough innovations that accelerate learning and scientific discovery. So much so that our General Partner acquired Germany’s largest private university Constructor University and is building research Constructor Tech, an all-in-one platform for education and research because changing the world begins with knowledge. We don’t just anticipate the future. We build it.

Sky9 Capital is a global venture capital firm investing from early stage to growth in exceptional founders building transformative, category-defining companies. Where We Invest Early Stage: We partner with founders at the earliest stages, supporting the formation of category-defining companieswith global ambition from day 1. Expansion Stage: We support high-growth companies as they scaleteams, products, andoperations, and navigate international expansion. Sky9 Digital: Our dedicated global strategy focused on the two most transformative technology waves of this decade: AI, and blockchain-enabled financial infrastructure. How We Think Founder-Led Technical Depth: We back founders with deep technical conviction, partnering with them to transform differentiated technology into durable, global businesses. Long-Term Partnership: We act as true long-term partners, offering hands-on guidance, key hires, strategic connections and scaling support at every stage of growth. Global Market Access: We provide global market access through our worldwide presence, helping founders navigate international expansion and compete on the world stage.

We believe the next wave of high-performing ventures will be built by operators with deep domain insight and a bias for execution. We focus on models with clear unit economics, paths to early profitability, and the potential to scale with discipline. HOW WE BUILDWhat we bring to the table Our Ideas: 2-3 Cases that (i) we have ideated, (ii) we have a strong believe in and (iii) that are ready to being validated together Our Capital: We invest our own money to provide you with the required pre-seed investment + our network of Angels, Investors and Family Offices for potential follow-up investment Our Hands: We support from day 0. We co-build. We get our hands dirty. We are on the ground with you What you bring to the table Your Heart: Dedication, drive and the desire to build a profitable business with us over the next 5-10 years Your Brain: A proven track record in building and operating at the highest standards in a high pressure environment Your Attitude: You fully own the case even if we bring in the initial idea. You have the confidence to challenge everything we say and do and proof us wrong WHAT WE BUILD Capital efficiency and sharp execution beat hype and burn. We invest early and support relentlessly. Profitability matters: Most startups we back aim for operational profitability early.Capital efficiency isn’t optional. It’s a mindset. Execution over narrative: Too many founders raise on vision. We back those who execute – shipping, selling, scaling. VC is broken: Too much capital follows the same playbook. We invest in overlooked markets, underfunded verticals, and founder archetypes the industry ignores. Outdated verticals, low competition: We focus on unloved industries where execution is key and competition is weak. Think: old problems, solved with new precision. Positive Unit Ecos from day 1: Our ventures are designed to become CM3-positive with a lean, capital-efficient setup - often after a single seed round. AAA+ operator teams only: We only work with founders who build and operate at the highest standards. No tourists, no pitch decks - just proven operators.

Foresite Capital is a multi-stage healthcare and life sciences investment firm with ~ $4B in assets under management. The firm aims to address areas of great unmet need by funding promising healthcare and life sciences businesses at all stages of their life cycles. Foresite Capital uses a data science-driven approach to invest in companies that leverage biology and big data to transform healthcare, including 10x Genomics, Relay Therapeutics, Element Biosciences, Inscripta, as well as companies developing next generation therapeutics. Founded in 2011, Foresite Capital is based in San Francisco.

O Brasil é um país que enfrenta desafios por conta do seu subdesenvolvimento estrutural e, por isso, possui oportunidades de expansão geográfica para empresas e projetos que desejam mudar essa realidade. Atualmente, existe uma concentração de mercado fornecedor habilitado para atendimentos complexos a grandes corporações, o que faz com que poucos players dominem grande parte do mercado, algo que entendemos que precisa ser alterado. Não buscamos apenas empreendedores e projetos com potencial de resultados financeiros, mas sim aqueles que querem transformar e melhorar a realidade do país, contribuindo para o seu desenvolvimento e seu crescimento de forma sustentável e equilibrada. O que nos faz diferentes Para acelerar o crescimento e maximizar o retorno das empresas investidas, é essencial adotar uma estratégia que não apenas agilize a implementação de processos, mas também minimize os custos relacionados às estruturas de suporte necessárias para a operação do negócio Por isso, possuímos um Centro de Serviços Compartilhados (CSC) desenvolvido estrategicamente para atender nossas investidas, oferecendo serviços de múltiplas áreas de backoffice e operação para apoiar as empresas no seu dia a dia, tanto em termos de planejamento quanto de operação. Entenda nossa cultura de investimentos Possuímos uma metodologia única de atuação no mercado, contando com um horizonte de investimento flexível e focando no desenvolvimento da autonomia operacional de cada investida Horizonte de investimento: Nosso horizonte de investimento é flexível, permitindo que as empresas investidas permaneçam no portfólio por tempo indeterminado, de acordo com nossa avaliação de seu potencial de crescimento e a plena absorção do conhecimento disponível por meio do nosso CSC. Autonomia Operacional: As empresas investidas têm acesso ao CSC por tempo indeterminado. No entanto, ao longo de toda a jornada com a Crosser Capital, elas são preparadas para a transição gradual e estruturada de desvinculação do CSC. Isso assegura a absorção de todo o conhecimento necessário para que suas operações sejam conduzidas de forma totalmente autônoma.

For the last decade, Bullpen has funded 100+ companies. We do one thing, and we do it well: Post-seed financing for people and companies that have found that special product-market fit but are overlooked for no good reason. Together, we will build the next generation of great businesses.