PhotonVentures

Through cutting-edge AI investments and strategic partnerships, we empower the disruptors who are reshaping industries and redefining the future. Our investment strategy is centred on identifying and empowering AI-driven companies that have the vision, proprietary data, and deep expertise to disrupt their industries. We offer flexible SPV structures, providing founders with tailored capital solutions to accelerate their growth. WHAT WE DOINVESTING IN AI-FUELED DISRUPTORS: Seek out and invest in the companies building tomorrow’s intelligent systems - AI-driven platforms that will disrupt industries like education, healthcare, gaming, and robotics. Our focus is on those who harness proprietary data to create transformative solutions. PARTNERSHIP BEYOND CAPITAL: Through our sister company, Kalea Advisors, we don’t just provide capital; we offer deep strategic guidance, cross-border business development, and access to future funding. We partner with our founders to ensure they become tomorrow’s global champions. GLOBAL EXPANSION & STRATEGIC ACCESS: With teams in London, the US, Hong Kong, and Japan, we enable companies to access markets across continents, leveraging our unique global footprint to create synergies between Western and Asian markets. We help AI-driven disruptors scale effectively and lead their industries globally.

We are in the midst of technological shifts at a pace faster than ever before. Calculus VC capitalizes on these shifts to deliver returns and impact. We invest in the Series A and Series B stages of startups in the below sectors: FUTURE OF COMPUTING AND AI Continued advancements in AI will demand new developments in hardware and software. New computing materials and interfaces may emerge. Computing power may be more distributed, and the world will be infinitely more connected. These and more, are our areas of interest: Intelligence beyond language: We expect AI to understand quantitative models and physical phenomenon just as well as it understands language. Large Quantitiative Models are a focus for us. New hardware, materials, and architectures: We expect that demand for computing power will grow exponentially. Quantum computing, as well as distributed computing are expected to grow. We expect advancements in computing materials beyond silicon. Immersive and neural interfaces: These interfaces already exist, we expect they will become more mainstream. Spatial computing, integrating the physical world with digital environments may be our future. COMPUTATIONAL LIFE SCIENCES AND HEALTHTECH Breakthroughs in biology, materials, sensors, and data science are converging to redefine healthcare. Precision and personalization will take center stage as AI enhances how we detect, monitor, and treat disease. Areas of interest include: AI-First Therapeutics and Discovery Platforms: ML-powered platforms designing drugs and biologics via simulation, predictive modeling, and data-rich experimentation. Infrastructure for Programmable Biology: Tools that make biology engineerable – lab automation, bioinformatics, 3D bioprinting, next-gen diagnostics and R&D devices. Continuous, Data-Driven and Personalized Care: Wearables, medical devices, and diagnostics to deliver patient-centric care. These models turn users into real-time data streams, enabling adaptive treatment and personalized interventions. ADVANCED INDUSTRIAL TECHNOLOGIES As we expand the frontiers of possibility, we expect industry to evolve with intelligence, autonomy and environmental sustainability at its core. Areas of focus include: AI and automation in industry: Intelligent machines will optimize production, reduce waste, and enable new workflows. From predictive maintenance to robotic manufacturing, automation will power the next industrial revolution. We support startups enabling this vision. Land, ocean, and space transport and communications: We are interested in advanced materials, robotics, sensors, systems and software that will unlock new frontiers from deep-sea mapping to planetary missions. Resource efficiency: Building the future will demand large reserves of energy and natural resources. Technologies that can serve our energy, food, water, and agricultural needs while supporting a better planet are of interest to us.

An early stage VC fund focused on investing in Israeli DeepTech and SpaceTech from concept to creation. WHAT DO WE INVEST IN We pursue moonshots driven by breakthrough innovations, seeking companies with core technologies and visionary entrepreneurs dedicated to building impactful, world-changing startups. OPTICS & PHOTONICS QUANTUM TECHNOLOGIES RF TECHNOLOGIES MATERIALS & CHEMISTRY COMPUTER SCIENCE & PROCESSING SEMI-CONDUCTORS ENGINEERING & ELECTRONICS HOW DO WE INVEST We work hand-in-hand with forward-thinking entrepreneurs, as early as the venture building stage, to develop pioneering Deep Tech companies. By utilizing our extensive expertise and resources, we expedite their path to success. WHY DO WE LIKE DEEPTECH The world is changing and growing more complex - the rise of AI, ever increasing climate challenges, the desire to move into an autonomous world, striving to reach the moon and stars - and existing infrastructure is not built to handle this complexity, necessitating a new generation of physical infrastructure which can break the physical barriers of today through cutting edge scientific innovation, enabling the applications of tomorrow.

We invest in Deep Tech companies targeting B2B markets, both start- and scale-ups. Value Creation Capital provides seed capital and series A funding. We are specialized in Deep Tech, more specifically in the field of medical devices and analysis, industry 5.0, GRC including cyber security and quantum infrastructure. We support ambitious Deep Tech start-ups and scale-ups with seed and growth funding. We focus on start-ups in and around the Netherlands and scale-ups in Western Europe. Our approach We have a clear and fast process for assessing our future relationships. We support you on 10 processes that create value with our building blocks. Our impact Our mission is simple: we build great technology companies that have a significant impact on society. Through key enabling technologies like Optics & Photonics, Nano technology, Robotics, Extended Reality, Advanced sensoring and AI software, we focus on three key societal themes: Healthy Life, Energy and Materials reduction and Security & Safety. Join us in shaping a future where technology not only advances, but also enhances the fabric of our society.

Our planet is facing a multitude of urgent challenges; from climate change, dwindling natural resources and rapid urbanisation, to a growing demand for accessible healthcare. These pressing issues call for innovative and sustainable solutions that only scientific advancements can provide. Deep Science as an Asset Class.We invest in scientific breakthroughs that together advance human capability and create financial returns. We’re looking for: Entirely new technologies developed from fundamental research IP-rich innovations with competitive defensibility Solutions to real problems in Life Sciences, Advanced Materials, TechBio, Photonics and Quantum Hardware, Robotics and Automation, AgChem/Tech and DeepTech We offer portfolio exposure to deep science investments supported by a best-in-class due diligence process conducted by experienced entrepreneurs, operators, investors and scientists Investing with Empirical Ventures. ACCESS: leading pre-seed and seed rounds by leveraging our market-leading due diligence and domain expertise, opening doors to the best deals and co-investors SELECTION: our robust, highly selective process identifies cutting-edge scientific advances from the UK R&D landscape with the most compelling commercial opportunities SCALE: Our track record presents unparalleled opportunities to scale our portfolio companies and attract the best follow-on investors and talent POSITION: Our approach increases the probability of reaching Series A, a key inflection point for pre-seed and seed investors.

Molten Ventures is Europe’s largest listed tech VC firm. We inject the most visionary companies with energy to help them transform and grow. This energy comes in many forms - capital of course but also knowledge, experience, relationships, and commitment. For our portfolio, for our investors and for our society, we make more possible. We invest in companies for the long term, but we start from early stage, so we have chosen a name that captures that very first change. When a solid becomes a liquid, it becomes Molten. We transformed venture capital In helping our portfolio transform, so too have we. Our public listing and multi-fund model allow us to provide entrepreneurs with a more flexible approach to funding, to back the best teams for as long as they need and give investors the ability to share in the growth of the companies that are inventing the future. We are global The best entrepreneurs will take their companies beyond Europe. We are part of a global community of independent funds that can help them scale across the world. We invest in Europe’s best tech companies Molten Ventures portfolio of investments boasts 67 companies includes exciting early-stage companies like Irish drone delivery company Manna Aero, Cambridge-based quantum computing software company, Riverlane, London-based climate intelligence company, Cervest and Finnish satellite company ICEYE. As a testament to its ability to support companies throughout their lifecycle, Molten’s portfolio also includes European unicorns like Trustpilot, UiPath, Graphcore, Revolut, Cazoo, Ledger and Aircall.