The world of venture capital is seeing a new player making waves.

Overlap Holdings, a New York-based firm, has successfully closed its first investment fund, Overlap Holdings Flagship Fund 1 (OHF1), at an impressive $33 million.

With a clear focus on early-stage startups, the firm is setting its sights on groundbreaking technologies that push the boundaries of science and hardware.

Investing in the Future of Innovation

OHF1 is designed to back startups in the Seed through Series B stages, concentrating on industries where scientific breakthroughs meet cutting-edge hardware.

The fund prioritizes frontier tech sectors, including Energy, Life Sciences, Materials Science, Space, Robotics, and Semiconductors.

These industries are at the forefront of technological advancement, and Overlap Holdings aims to be a key supporter of their growth.

A Unique Investment Strategy

What sets OHF1 apart is its integrated investment model.

Instead of relying solely on traditional equity investments, the fund also connects startups with non-dilutive funding sources, primarily in the form of debt.

This approach allows companies to secure the capital they need without giving up excessive ownership stakes.

The fund plans to make between 30 and 35 investments, with an average deal size of around $700,000.

Meet the Team Behind the Vision

The firm is led by Justin Stevens, a former Senior Partner at Apollo Global Management, where he spent nearly 20 years in private equity.

Alongside him is Chief Operating Officer Rob Morelli, who previously managed a debt desk at UBS before launching his own startup.

Rounding out the leadership team is Associate Gauri Jaswal, a seasoned investor in frontier technologies with prior experience at Conscience VC.

Together, they bring a wealth of expertise and strategic insight to the firm.

Backing Cutting-Edge Startups

Overlap Holdings has already made significant moves, investing in 11 forward-thinking startups.

Their portfolio includes companies such as Impulse Space, Hadrian, Integrated Biosciences, Anthro Energy, and Mendaera—each working on transformative technologies that could reshape their respective industries.

These early investments signal the firm’s commitment to supporting innovation at the highest level.

What’s Next for Overlap Holdings?

With its first fund fully closed and investments already underway, Overlap Holdings is poised for an exciting journey.

The firm will continue identifying and backing startups that align with its vision of advancing frontier technology.

As more companies emerge at the intersection of science and hardware, Overlap Holdings is positioning itself as a key player in shaping the future of tech entrepreneurship.

Investors and startups alike will be watching closely to see what comes next from this ambitious venture capital firm.

This article was published on TDPel Media. Thanks for reading!

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