Also Capital | Activity

Podcast

Mike Annunziata appeared on the Going Solo podcast (Odin) discussing how Also underwrites hard tech, raising Fund I vs Fund II, and why the next decade is 'robots everywhere.'

Also Capital

Also CapitalAlso Capital

alsoblogposts.comNOV 2, 2026

NOV 2, 2026

Milestone

Northwood Space, an Also Capital portfolio company, raised $375M in Series C funding co-led by a16z and DFJ Growth at a $2B valuation. The company builds phased-array ground stations for satellite communications.

Northwood Space

Northwood SpaceAlso Capital

techcrunch.comNOV 2, 2026

NOV 2, 2026

Essay

Mike Annunziata published an essay arguing that lasting moats are built by solving hard problems while the outcome is still uncertain, using defense tech as an example of renting vs. earning a moat.

Also Capital

Also CapitalAlso Capital

alsoblogposts.comOCT 29, 2026 alsoblogposts.com

OCT 29, 2026

Investment

Also Capital led an $11.5M seed round in Atlas Motion, a motion subsystems manufacturer for Physical AI, with participation from Greycroft, Sunflower, Ravelin, and angels. Atlas builds motion control systems for autonomy OEMs and is scaling to 40,000 motors/month.

Atlas Motion Systems

Atlas Motion Systems Also Capital

alsoblogposts.comAUG 6, 2026

AUG 6, 2026

Essay

Published an essay on the discipline of building the thing you promised founders and LPs.

Building The Thing You Promised

Also Capital

alsoblogposts.comJUL 31, 2026

JUL 31, 2026

Essay

Published an essay arguing the most valuable startup ideas often defy conventional logic, like art.

Entrepreneurs as Artists

Also Capital

alsoblogposts.comJUL 22, 2026

JUL 22, 2026

Essay

Published an essay arguing backlog-driven revenue models are replacing pure recurring-revenue SaaS metrics.

Recurring Revenue is Dead

Also Capital

alsoblogposts.comJUL 17, 2026

JUL 17, 2026

Essay

Published an essay on how too much capital, used poorly, can hurt early-stage startups.

Money Problems

Also Capital

alsoblogposts.comJUN 30, 2026

JUN 30, 2026

Essay

Published an essay on the return of romanticism in founder storytelling and product building.

Romanticism Makes a Comeback

Also Capital

alsoblogposts.comJUN 15, 2026

JUN 15, 2026

New Fund

Closed a $50M second fund with a concentrated strategy backing engineering-led teams across compute, communication, and autonomy.

Second Fund ($50M)

Also Capital

alsoblogposts.comFEB 24, 2026

FEB 24, 2026

Investment

Participated in Mesh Optical's $50M Series A for low-power optical transceivers serving AI data centers.

Mesh Optical

Mesh OpticalAlso Capital

techcrunch.comFEB 17, 2026

FEB 17, 2026

New Fund

Also Capital closed a $50M second fund (Fund II) with a concentrated strategy backing engineering-led teams across compute, communication, and hard tech. Solo GP; ~15 core companies per fund. Pre-seed/inception; $250K–$1M lead checks.

Also Capital

Also CapitalAlso Capital

intersectionhq.substack.comFEB 2026

FEB 2026

New Fund

Announced Fund II with $50M to continue backing technically ambitious founders in hard tech.

Fund II

Also Capital

linkedin.comFEB 2026 alsoblogposts.com

FEB 2026

Investment

Northwood Space closed a $100M Series B and secured a $50M Space Force contract for satellite ground stations.

Northwood Space

Northwood SpaceAlso Capital

techcrunch.comJAN 27, 2026

JAN 27, 2026

Also Capital Activity

Mike Annunziata appeared on the Going Solo podcast (Odin) discussing how Also underwrites hard tech, raising Fund I vs Fund II, and why the next decade is 'robots everywhere.'

Northwood Space, an Also Capital portfolio company, raised $375M in Series C funding co-led by a16z and DFJ Growth at a $2B valuation. The company builds phased-array ground stations for satellite communications.

Mike Annunziata published an essay arguing that lasting moats are built by solving hard problems while the outcome is still uncertain, using defense tech as an example of renting vs. earning a moat.

Also Capital led an $11.5M seed round in Atlas Motion, a motion subsystems manufacturer for Physical AI, with participation from Greycroft, Sunflower, Ravelin, and angels. Atlas builds motion control systems for autonomy OEMs and is scaling to 40,000 motors/month.

Published an essay on the discipline of building the thing you promised founders and LPs.

Published an essay arguing the most valuable startup ideas often defy conventional logic, like art.

Published an essay arguing backlog-driven revenue models are replacing pure recurring-revenue SaaS metrics.

Published an essay on how too much capital, used poorly, can hurt early-stage startups.

Published an essay on the return of romanticism in founder storytelling and product building.

Closed a $50M second fund with a concentrated strategy backing engineering-led teams across compute, communication, and autonomy.

Participated in Mesh Optical's $50M Series A for low-power optical transceivers serving AI data centers.

Also Capital closed a $50M second fund (Fund II) with a concentrated strategy backing engineering-led teams across compute, communication, and hard tech. Solo GP; ~15 core companies per fund. Pre-seed/inception; $250K–$1M lead checks.

Announced Fund II with $50M to continue backing technically ambitious founders in hard tech.

Northwood Space closed a $100M Series B and secured a $50M Space Force contract for satellite ground stations.