11.2 Capital

11.2 Capital is a San Francisco-based early-stage venture capital firm investing in technical founders building deep tech companies across AI, cybersecurity, quantum, robotics, new space, data-driven healthcare, and climate tech, with a $101M fund raised in 2021.

Company typePrivate
Founded2015
HeadquartersSan Francisco, United States
Headcount1–10
GTM typeB2B
OfferingServices

What 11.2 Capital does

11.2 Capital is a San Francisco-based early-stage venture capital firm that invests in technical founders building companies in deep technology categories, including AI, cybersecurity, quantum computing, robotics, new space, data-driven healthcare, and climate tech. The firm is named after the escape velocity from Earth's gravity (11.2 km/s) and positions itself as a thesis-driven deep tech investor, taking equity stakes in startups from seed through growth stages. Its investment portfolio includes companies such as Anyscale (distributed AI compute), Covariant (robotic AI), Ginkgo Bioworks (synthetic biology), Forter (e-commerce fraud), JupiterOne (cybersecurity asset management), Sardine (fintech fraud prevention), and Caption Health (AI ultrasound, acquired by GE HealthCare).

The firm operates with a small team (1-10 employees) led by Founder and Managing Partner Shelley Zhuang and Principal Jacob Smith. Rather than offering a software product, 11.2 Capital provides hands-on operational support to portfolio companies across technical recruiting, OEM and distribution partnerships for smart hardware, data partnerships for healthcare companies, customer introductions (CISO introductions for security companies, provider introductions for healthcare companies), and follow-on financing support. In November 2021, the firm raised a $101 million fund, as reported by Forbes, to expand its deep tech investment activity.

The firm's revenue model is structured as a traditional venture capital fund: it earns returns through equity investments in early-stage deep tech companies, realizing upside through exits (e.g., GE HealthCare's acquisition of Caption Health), IPOs (Ginkgo Bioworks, Lucira Health), and follow-on funding rounds. The firm co-invests with tier-1 venture capital firms including Andreessen Horowitz, DCVC, Emergence Capital, and Okta Ventures, providing both deal flow access and signaling credibility to portfolio founders.

11.2 Capital firmographics

Firmographics

Name: 11.2 Capital
Legal name: 11.2 Capital
Website: https://112capital.com
Company type: Private
Founded year: 2015
Operating status: Operating
Headcount range: 1–10 employees
Short description: 11.2 Capital is a San Francisco-based early-stage venture capital firm investing in technical founders building deep tech companies across AI, cybersecurity, quantum, robotics, new space, data-driven healthcare, and climate tech, with a $101M fund raised in 2021.
Ownership category
akta.pro rank

11.2 Capital industry classification

Industry

Product category: Venture Capital
NAICS: Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)
SIC: Investors, Nec (6799), Investment Advice (6282)
akta.pro primary industry: Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

Venture capital investing
Deep tech investments
Seed stage funding
Startup equity funding
Technology venture capital

Where 11.2 Capital is headquartered

Location

Headquarters

HQ city: San Francisco
HQ country: United States
HQ region: North America

Markets served

11.2 Capital business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

Investment Returns: 11.2 Capital generates returns through equity investments in early-stage deep tech companies. The firm takes equity stakes in portfolio companies and realizes returns through exits, IPOs, and follow-on funding rounds. The firm raised $101M to back more DeepTech companies in November 2021.

Go-to-market motion1 record

11.2 Capital product offering

Product offering

Core offering

11.2 Capital is an early-stage venture capital firm that invests in deep technology startups across AI, cybersecurity, quantum computing, robotics, new space, data-driven healthcare, and climate tech sectors. The firm provides both equity capital and hands-on operational support including technical recruiting, partnership development, customer introductions, and follow-on financing assistance to its portfolio companies.

Product overview

11.2 Capital is a venture capital firm that invests in founders building companies with emerging technologies. Rather than offering a product platform, the firm provides investment capital and operational support to early-stage companies working in AI, cybersecurity, quantum computing, robotics, new space, data-driven healthcare, and climate tech. The firm's investment approach focuses on identifying technical founders with strong foundations and supporting them through technical recruiting, partnership development, customer introductions, and follow-on financing.

Differentiator

Problem solved

Functional benefit

Companies that use 11.2 Capital

Customer profile

Segments1 record

Ideal customer profiles1 record

11.2 Capital technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

11.2 Capital partnerships and signals

Strategic signal

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

11.2 Capital competitors and assessment

Company assessment

Direct peers

Lux Capital: Lux Capital is a sector-focused deep tech and frontier technology venture firm investing across AI, robotics, quantum, space, and healthcare — the same verticals as 11.2 Capital. Both are thesis-driven, early-stage specialists that compete for the same technical founders and co-invest with similar top-tier funds.
DCVC (Data Collective): DCVC is a deep tech venture firm investing in computational companies across AI, life sciences, climate, and cybersecurity — directly overlapping 11.2's focus areas. The two have already co-invested (e.g., Noetik $14M Seed), confirming direct deal-level competition and complementarity.
Founders Fund: Founders Fund invests in frontier and deep tech across AI, robotics, space, and healthcare, with a reputation for backing technical founders on bold missions. This closely mirrors 11.2's thesis of supporting founders solving 'the biggest challenges facing our world' with emerging technologies.
Khosla Ventures: Khosla Ventures is a large, thesis-driven early-stage fund with heavy exposure to AI, robotics, climate, and healthcare — the same deep tech verticals as 11.2 Capital. Both pursue high-risk, high-impact technical bets with similarly broad sector definitions.
The Engine (MIT): The Engine is a venture firm spun out of MIT focused exclusively on 'tough tech' — AI, advanced materials, quantum, climate, and biotech. It is a direct peer in mandate, stage, and sector specialization to 11.2 Capital.
Obvious Ventures: Obvious Ventures is a thesis-driven early-stage VC focused on purpose-driven deep tech across health, climate, and AI. The generalist-deep-tech hybrid model and early-stage stage targeting make it a directly comparable peer.
In-Q-Tel: In-Q-Tel is a strategic deep tech investor focused on AI, cybersecurity, quantum, and biotech for the intelligence community. It is a directly comparable sector specialist and frequently a co-investor or counterparty for funds like 11.2 Capital.
Section 32: Section 32 is a venture fund investing at the intersection of technology and biology/healthcare, with deep tech and AI-driven therapeutics exposure. Its thematic, sector-specialist approach and stage profile are comparable to 11.2 Capital's healthcare and AI investments.

Broad incumbents

Andreessen Horowitz (a16z): a16z is a tier-1 venture firm that co-invests with 11.2 Capital across multiple portfolio companies (Sardine, Ventrilo, Kolena, Anyscale). While a16z is much broader, its dedicated bio/health, infrastructure, and AI funds place it in direct competition for the same deep tech deals 11.2 targets.
Greylock Partners: Greylock is an established early-stage venture firm with significant AI, cybersecurity, and enterprise software exposure. It is broader than 11.2 but competes directly for early-stage AI and security deals and partners with similar top-tier co-investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

11.2 Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

11.2 Capital leadership team

Management profile

Number of profiles

Profiles2 records

11.2 Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

11.2 Capital M&A and investment

M&A and investment

M&A

Investments60 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 11.2 Capital

What does 11.2 Capital do?

Is 11.2 Capital a public or private company?

11.2 Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was 11.2 Capital founded?

11.2 Capital was founded in 2015. It employs 1 to 10 people.

Where is 11.2 Capital based?

11.2 Capital is headquartered in San Francisco, United States, in the North America region.

How does 11.2 Capital make money?

One revenue line is on record: investment Returns.

Who are 11.2 Capital's main competitors?

Direct peers on record are Lux Capital, DCVC (Data Collective), Founders Fund, Khosla Ventures, The Engine (MIT), Obvious Ventures, In-Q-Tel and Section 32. Broad incumbents are Andreessen Horowitz (a16z) and Greylock Partners.

Does 11.2 Capital have an API?

No public API is recorded for 11.2 Capital.

What industry is 11.2 Capital in?

11.2 Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 5239 and its SIC code is 6799.