Fundomo Research
Investment Thesis
Fundomo is a New York-based venture capital firm founded in 2023 by husband-and-wife team Corey Nobile (Managing Partner) and Siranush Babakhanova (Partner). The firm's public positioning ("state-scale systems") signals a thesis centered on deep tech and physical-world infrastructure: companies building the compute, energy, defense, and biological systems that operate at national or civilizational scale. Fundomo backs technical founders tackling hard engineering problems in semiconductors, AI infrastructure, defense/aerospace, energy, and biotech rather than pure software plays. The firm frames its portfolio around categories it displays on its own site: Computers, Control, Biology, Rocks, Misc, Energy, and Intelligence.
Sector Focus
Fundomo's public portfolio spans:
- Semiconductors and computing hardware (AheadComputing, Atomic Semi, Etched, Oxmiq Labs, Tenstorrent, OLIX)
- Defense and aerospace/control systems (Anduril, Neros, Hyprix)
- Biotech and life sciences (Babylon, Glyphic, Sampling Human, Synex Medical)
- Energy (Jaza Energy, Standard Nuclear, Rivan)
- AI labs and applied intelligence (Mercor, Sakana AI, Flapping Airplanes, Tutor Intelligence)
- Consumer hardware and fintech-adjacent bets (ModRetro, Erebor)
Stage Focus
Per third-party tracking (Tracxn), Fundomo has concentrated its first-check activity at Seed and Series A, with selective participation through Series B, and has held positions into later rounds (Series D) on existing portfolio companies (e.g., Etched) via follow-on/continued ownership rather than new leads. Overall the firm looks like an early-stage-entry, multi-stage-hold generalist deep tech investor.
Check Size
Public data on Fundomo's specific check sizes is not reliably available (third-party aggregators mask round-level figures). Observed co-investment rounds range widely: from ~$1.2M seed rounds (Hyprix) to $34-35M Series A rounds (Rivan, Oxmiq Labs) to much larger growth rounds on existing holdings (Etched's $1.63B cumulative raise). This suggests Fundomo writes smaller checks at entry and does not lead most rounds.
Lead Tendency
Fundomo co-led Oxmiq Labs' $35M Series A alongside Samsung Catalyst Fund (July 2026), which suggests it does take a lead/co-lead role selectively. In most tracked deals (Rivan, led by IQ Capital; Hyprix, led by Raymond Russell), Fundomo appears as a participating investor rather than the lead. Overall assessment: mixed / selective lead investor, more often a participant.
Recent Activity
Fundomo has been active through 2025-2026:
- Co-led Oxmiq Labs' $35M Series A (July 2026), a GPU/AI chiplet architecture startup founded by Raja Koduri.
- Participated in Rivan's ~£25M/$34M Series A (April 2026), a UK synthetic-fuels hardware company, alongside lead IQ Capital and returning investor Plural.
- Participated in Hyprix's seed round (March 2026), a Bengaluru-based defense/aerospace startup building India's first private supersonic ramjet engine.
- Held a position in Standard Nuclear (advanced nuclear fuels) through its Series A (August 2025) and into its NYSE IPO in July 2026 (ticker STDN), which priced at up to $355.9M and valued the company around $2.2-2.4B.
- SEC filings show a "Fundomo Sequel I, LP" fund vehicle formed in 2025, indicating active fund formation alongside direct deal activity.
Portfolio Highlights
Notable names across the portfolio include Anduril (defense), Etched (AI ASICs, $1.63B raised to date), Tenstorrent (open-source silicon), Sakana AI (AI lab), Mercor (AI-era work marketplace), Standard Nuclear (public via NYSE IPO, 2026), and OLIX (a unicorn per Tracxn as of 2026, developing a novel SRAM/photonics compute architecture).
Team
- Corey Nobile — Managing Partner and co-founder. Previously co-founded Circa Technologies (2021); background in technology, supply chains, and advanced computing.
- Siranush Babakhanova — Partner and co-founder (also referenced as President/Executive Director in some sources).
- Parvin Mammadov — Partner, based in London.
- Anaida Stepanyan — Principal.
- Daniel De Franceschi-Jevremovic — Principal, based in Austin.
Decision Process
No public information details a formal investment committee or decision cadence. Given the firm's small team (6 people, 3 partners per Tracxn) and husband-and-wife founding structure, this looks like a partnership-level decision process rather than a large committee.
Founder Preferences
Fundomo's visible portfolio skews toward technical, often deeply credentialed founders tackling capital-intensive, engineering-heavy problems: e.g., Raja Koduri (Oxmiq, ex-Intel/AMD chip architect), former Intel CPU architects (AheadComputing), and founders building novel hardware in nuclear, drilling, and aerospace. The firm appears to favor founders with deep technical/scientific credibility over pure software/GTM-first founders.
Geographic Focus
Primarily US-based (New York headquarters; portfolio concentrated in the US), with selective international investments in the UK (Rivan), India (Hyprix), and South Africa (OLIX, per Tracxn geography data), indicating a global mandate for exceptional deep tech teams rather than a strict US-only focus.