What does Unless invest in?
Unless invests most often at Growth and Series B (100% of the rounds on record), in sectors such as Grid, Gas and Battery.

United States · Investor
Last cheque observed May 2026; 2 cheques on record.
Deploying nowNew fund $1.6M, Jun 2026VC firm
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2 cheques in the last 12 months
Mostly Growth and Series B: 100% of its rounds
Led 1 rounds
We're an investment firm on a mission to back visionary companies transforming industrial systems.From their own website
Every round we can evidence, newest first2 appearances
2 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
Named by the firm itself, on a filing, its Form ADV or its company registration4 named
We also hold 4 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
From the firm's own filings with the SEC, which it must file accurately by law
From their own portfolio page (on their website)
Aether Moving industrialAfference Unlocking artificialAlloy Advanced manufacturingPanthalassa Renewably generatingPositron Purpose BuiltSustainmentVecna Robotics IntelligentXwing Supplying autonomyEnosemi Ushering inVilla Building housing
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
The latest companies Unless put money into.
Unless invests most often at Growth and Series B (100% of the rounds on record), in sectors such as Grid, Gas and Battery.
2 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in May 2026.
Its most recent investments on record: Panthalassa (Growth, May 2026) and Positron (Series B, Feb 2026).
The median round it joins is $185M.
Yes: it is actively investing, with 2 investments in the last 12 months.
Unless is a VC firm based in Boulder, United States.
About $253M, as regulatory assets under management (Oct 2026).
Its latest fund filing with the SEC was in Jun 2026, reporting $1.6M raised.
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it