In the fast-paced world of Silicon Valley venture capital, where investors constantly seek the next transformative idea, 11.2 Capital has established itself as a firm with a unique vision. Based in San Francisco, the firm draws its name from the escape velocity of Earth—11.2 kilometers per second—a metaphor for startups that aim to break free from conventional limitations and reach new heights. This concept is central to 11.2 Capital’s mission: to identify and support founders with the potential to create extraordinary technological and societal impact.
Founded around 2014, 11.2 Capital has carved out a niche in early-stage investing by focusing on deep-tech sectors that require technical sophistication and long-term commitment. The firm seeks startups tackling critical global challenges in areas like artificial intelligence, robotics, quantum computing, space technology, data-driven healthcare, and climate solutions. Over the years, it has built a portfolio of companies that exemplify the convergence of ambitious technology and societal relevance.
For entrepreneurs, 11.2 Capital offers more than just capital. Its lean but technically adept team provides hands-on support in recruiting, forming strategic partnerships, and connecting with potential customers and follow-on investors. In doing so, the firm positions itself not only as a financial backer but also as a strategic partner capable of navigating complex technological landscapes. Through this approach, 11.2 Capital demonstrates how venture capital can do more than fund innovation—it can actively help accelerate it.
Origins and Philosophy
11.2 Capital was founded by Shelley Zhuang, whose background in computer science and passion for technical innovation shaped the firm’s vision. The name, inspired by Earth’s escape velocity, reflects a belief that startups can overcome the gravitational pull of conventional thinking when given the right support and resources.
From its inception, the firm focused on “deep tech,” investing in startups that rely on advanced engineering and scientific breakthroughs rather than consumer trends alone. This focus set 11.2 Capital apart from many early-stage funds, which often pursue high-volume investments across more conventional sectors. By concentrating on technical depth and long-term potential, the firm aligns its strategy with startups capable of delivering transformative outcomes.
Investment Focus Areas
11.2 Capital’s investment strategy revolves around sectors where technology can fundamentally reshape industries and improve lives. Its primary focus areas include:
Artificial Intelligence: Leveraging machine learning and predictive analytics to solve complex problems.
Robotics and Automation: Enabling new capabilities in manufacturing, transportation, and daily life.
Quantum Computing: Developing computing power that surpasses classical limitations.
Space Technology: Supporting startups exploring space exploration, satellite systems, and related infrastructure.
Data-Driven Healthcare: Transforming diagnostics, patient care, and personalized medicine through computational insights.
Climate Solutions: Investing in technologies that mitigate environmental challenges and advance sustainability.
The firm typically writes checks ranging from $500,000 to $3 million, providing sufficient capital to help startups advance through early development and growth phases. Its selective approach ensures that each investment receives the focused attention and strategic support needed to maximize the probability of success.
Portfolio Highlights
Over its operational history, 11.2 Capital has made 44 investments, taking lead positions in three and participating in five successful exits. Notable portfolio companies include:
Cruise Automation: A self-driving vehicle company that represents a landmark achievement in autonomous mobility.
Ginkgo Bioworks: A synthetic biology firm applying engineering principles to biotechnology, exemplifying innovation at the intersection of science and industry.
Lucira Health: A digital health platform showcasing the firm’s commitment to transforming healthcare delivery through technology.
These investments illustrate 11.2 Capital’s dedication to backing technically complex companies that have the potential to disrupt industries and create long-lasting impact.
Team and Operational Support
The leadership team, led by Shelley Zhuang as Founder and Managing Partner and Jake Smith as Principal, combines deep technical expertise with operational experience. This blend allows the firm to engage deeply with the products, technologies, and visions of its portfolio companies.
Beyond capital, 11.2 Capital supports its startups through:
Recruitment: Helping attract and retain specialized talent critical for technical development.
Partnerships: Facilitating collaborations with other companies, research institutions, and industry leaders.
Customer Introductions: Connecting startups with potential clients and early adopters.
Follow-On Funding: Assisting in securing additional investment rounds as companies grow.
This comprehensive support model is particularly valuable in deep-tech sectors, where progress often depends on access to scarce expertise and strategic relationships.
Industry Challenges and Context
Operating in early-stage venture capital presents inherent challenges, and 11.2 Capital is no exception. Deep-tech startups face longer development cycles, higher costs, and uncertain regulatory environments, making them riskier investments than conventional software or consumer-focused ventures.
However, these challenges also present opportunity. Companies developing breakthroughs in AI, robotics, or climate technology have the potential for outsized returns, not just financially but in societal impact. By maintaining a selective portfolio focused on technically robust startups, 11.2 Capital positions itself to capitalize on transformative innovations that other investors may overlook.
Conclusion
11.2 Capital represents a distinctive model of venture capital: one that marries technical rigor with strategic partnership and a philosophy inspired by physics. By backing early-stage deep-tech startups, the firm is not only investing in potential market leaders but also in solutions to some of the world’s most pressing challenges. Its targeted approach, hands-on support, and long-term vision exemplify the evolving role of venture capital in shaping the future of innovation. As the companies in its portfolio advance, 11.2 Capital continues to demonstrate how careful, informed early-stage investing can propel startups beyond ordinary boundaries and toward extraordinary impact.
FAQs
What is 11.2 Capital?
11.2 Capital is a San Francisco-based early-stage venture capital firm investing in deep-tech startups.
Why is it called 11.2 Capital?
The name refers to Earth’s escape velocity, symbolizing startups overcoming challenges to achieve transformative success.
Which sectors does 11.2 Capital focus on?
The firm invests in AI, robotics, quantum computing, space tech, healthcare, and climate solutions.
How much does 11.2 Capital invest?
Typical investments range from $500,000 to $3 million per startup.
Who leads 11.2 Capital?
Founder and Managing Partner Shelley Zhuang leads the firm, supported by Principal Jake Smith and other experienced professionals.
