New $5M Deep Tech Fund Targets University Founders to Solve Global Challenges
Critical Venture Partners launches a $5M fund to back young deep tech founders tackling global challenges.
Matilda
New $5M Deep Tech Fund Targets University Founders to Solve Global Challenges
Spend time at a university, and inevitably you’ll come across someone who has a plan to save the world, or at least make some small part of it better. It might be merely the optimism of youth, but sometimes they’re actually on to something. Image:Jon Lovette / Getty Images Critical Venture Partners is betting that young founders plucked fresh from universities can solve some of the world’s most intractable problems, including climate change, healthcare, and economic opportunity. The firm was founded by a trio of recent graduates from the University of Pennsylvania. “We’re the type of founder that we’d invest in — being young people, investing in other young people,” Sam Strickberger, co-founder and general partner at Critical Venture Partners, said. Strickberger and his co-founders Seungkwon Son and Max Strickberger, his brother, have raised a $5 million inaugural fund to woo founders to their portfolio with check sizes ranging between $50,000 and $250,000. A quarter of the fund is r…
