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This $50M Deep Tech Fund Is Betting on Startups Before They Even Exist—Genius or Madness

Oke Tope

London-based venture capital firm Ruya Ventures has announced the successful close of its inaugural pre-seed investment fund, securing $50 million to support the next generation of deep technology startups.

Founded by deep tech investor Rick Hao, the firm is positioning itself to identify and nurture groundbreaking companies from the earliest stages of development.

Investing Before Startups Even Take Shape

Ruya Ventures plans to focus on founders at the very beginning of their entrepreneurial journey, often providing funding before a company has been formally established.

The firm’s investment strategy centers on becoming the first institutional backer, helping entrepreneurs transform innovative ideas into scalable businesses.

Beyond financial support, Ruya intends to offer practical guidance in key areas that frequently challenge emerging technology companies, including bringing products to market, manufacturing, building resilient supply chains, and expanding into international markets.

Global Strategy Focused on High-Impact Technologies

The firm aims to assemble a portfolio of approximately 20 deep tech startups from around the world.

Rather than spreading investments across a broad range of industries, Ruya Ventures will concentrate on carefully selected technology sectors with long-term growth potential.

Its investment priorities include artificial intelligence, advanced battery technologies, robotics, semiconductor innovation, materials science, and next-generation computing technologies.

Strong Asian Network to Accelerate Growth

One of Ruya Ventures’ distinguishing features is its extensive network across Asia, which the firm believes will provide founders with strategic advantages as they scale.

Through these connections, portfolio companies are expected to gain access to manufacturing expertise, commercial partnerships, supply chain opportunities, and international business development resources.

The firm says this hands-on approach is designed to help startups navigate the complex path from breakthrough research to commercial success.

Initial Investments Already Underway

Although the fund has only recently closed, Ruya Ventures has already begun deploying capital into promising ventures.

Among its first investments is WLF Energy, a company developing energy infrastructure spanning electricity generation through grid systems.

Another portfolio company, MegaCool, is creating advanced cooling technologies designed to meet the growing demands of modern computing hardware.

In addition to these publicly disclosed investments, the fund has also backed three startups operating in stealth mode, with projects focused on artificial intelligence, robotics, and semiconductor technologies.

Long-Term Vision for Deep Tech

With its newly raised $50 million fund, Ruya Ventures is seeking to play a pivotal role in supporting ambitious founders tackling some of the world’s most technically demanding challenges.

By combining early-stage capital with operational expertise and international industry connections, the firm hopes to accelerate the development of transformative technologies capable of shaping the future of multiple industries.

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About Oke Tope

Temitope Oke is an experienced copywriter and editor. With a deep understanding of the Nigerian market and global trends, he crafts compelling, persuasive, and engaging content tailored to various audiences. His expertise spans digital marketing, content creation, SEO, and brand messaging. He works with diverse clients, helping them communicate effectively through clear, concise, and impactful language. Passionate about storytelling, he combines creativity with strategic thinking to deliver results that resonate.