Cantos launches its third fund, investing $50 million in semi-frontier startups – TechCrunch
Hard technology is tough, but when there are major breakthroughs, it can come with huge returns and huge opportunities. Cantos just closed its third fund to invest in companies advancing pre-seed science to “improve the lives of billions of people and save the planet.”
“I have a BA in International Relations. I’m not technical at all. I’ve always been a bit of a reader and observer of science fiction,” admits Ian Rowntree, GP and founder of Cantos Ventures. “You hear all these truisms that I think are very much the myth of modern venture capital. Those myths include that “hardware is hard and slow” and that hard technology requires more capital. There are assumptions that it is not as good as an investment. However, if you are looking for The biggest problems in the world, it makes you wonder.If we’re going to mitigate climate change, disease, armed conflict, existential risk, and poverty — building real shit in the real world is probably more impactful than programs in many cases, but head Investment money was basically afraid of him. That didn’t really satisfy me.”
Rountree took a deeper look at the sector, and where others saw risks, he saw opportunity.
“if “Every Sandhill Road says emphatically that I don’t invest in hardware and livery, so maybe it’s actually an interesting gap to go into,” says Rowntree.
Cantos 3 focuses on pre-seed and upstream investments in deep tech climate, TechBio, aerospace, and next-generation computing companies. It claims to specialize in taking technical risks alongside founders and will take on more of it than other venture firms.
“We seek to minimize market risk, looking for companies that make goods cheaper and have a lower carbon footprint, raise welfare, or improve the defense capabilities of democratic countries. We believe that the largest companies can also have the greatest positive impact on people and our common planet when They are well supervised, so we aim to support entrepreneurs with ambition to build companies from $10 billion to $100 billion and beyond,” says Rowntree. “Our thesis is that such companies will offer platform capabilities or be integrated. We view our founding partners as the new industrialists.”