A Little Capital in the Right Places Can Move Whole Systems Forward
In complex industries, a small number of bottlenecks decide where value accumulates and where progress stalls.
We find those constraints and invest in startups positioned to resolve them.
01 /
THE
PROBLEM
There's no shortage of capital. There's no shortage of important problems. The hard part is knowing where a little capital solves the biggest problems.
The bottlenecks that matter most are often hard to find. They can sit upstream of symptoms, hide inside processes nobody is paying much attention to, and shift before anyone notices.
02 /
THE INFRASTRUCTURE
Finding bottlenecks isn't just pattern matching. It's infrastructure. For nearly two decades, we've built the analytical infrastructure to see how value chains actually behave.
Where value pools. Where it gets stuck. What might resolve those bottlenecks. Whether those solutions work in real conditions.
Most analysis treats systems as static. Ours are dynamic. We track how bottlenecks form, shift and resolve over time.
The methodology began as a collaboration with Clayton Christensen and Intel. It now guides capital across industries worldwide.
03 /
HOW WE WORK
Deconstruct the system. Find the bottlenecks. Deploy capital to clear them.
01
Deconstruct
Map the value chain. Trace where value moves and where it pools.
02
Find the bottlenecks
Identify which bottlenecks matter. Distinguish them from symptoms. Pressure-test against real conditions.
03
Deploy
Invest where capital actually moves the system. Track how the bottlenecks shift after intervention.
04 / SECTORS
Where we currently deploy capital.
AGRITECH
Investments across crop science, biological inputs, and the systems that connect them to growers.
DIAGNOSTICS
Investments in the infrastructure of clinical testing, at-home care, and the data layer underneath both.
MULTI-INDUSTRY
Direct investments where bottlenecks cross sector lines. Electric vehicles, energy efficiency, virtual healthcare, neurology, and other emerging fields.
05 / RECENT ACTIVITY
What's happening across the portfolio.
MAY 2026
Getlabs acquired by Function Health to expand at-home care
APR 2026
Resurrect Bio raises $8M Series A
MAR 2026
Viome sells over 500,000 AI-powered health testing kits
MAR 2026
Pyrra Technologies acquired by AlertMedia
FEB 2026
Puna Bio raises round for non-GMO seed treatment
JAN 2026
IBI Ag secures $6.1M
JAN 2026
Hone Health closes $33M Series A and acquires ivee
DEC 2025
Solasta Bio closes $14M