Isogon Ventures Research
Overview
Isogon Ventures is a new early-stage venture firm founded in 2026 by Paco Riberas and Dan Abelon. It is based in New York and Madrid, with a San Francisco presence listed on the site. The firm invests in AI and technology companies that modernize manufacturing, logistics, energy, and the other physical systems the economy runs on. It is a first-time fund: an SEC Form D filing reported by VCWire on 2026-07-10 shows Isogon Ventures I, L.P. targeting up to $150M, with nothing raised at the time of the filing.
Investment Thesis
The firm argues that software has changed how information flows, and the next wave will reach deeper into the physical world: industrial operations, infrastructure, energy, mobility, and supply chains. Its "why now" is that more capable models, abundant compute, and cheaper hardware are moving AI from the screen to the shop floor. Isogon says it invests in the software, hardware, and autonomy making that shift real. The site cites McKinsey (over $1T of enterprise value in deep tech by 2030), World Bank and Dealroom (25% of global GDP from industry but a fraction of VC funding), and IFR (542K industrial robots installed globally).
Stage Focus
Seed and Series A, sometimes Series B. The first disclosed deal, a Series A co-lead, is consistent with that range.
Check Size
The site states typical initial checks of $5-8M. That is large for a seed fund and implies concentrated positions in a fund targeting up to $150M.
Lead Tendency
Isogon co-led IPercept's $16.5M Series A alongside 2150. That is the only disclosed deal, so lead tendency is recorded as "leads" at low confidence: one co-lead is thin evidence for a firm this new.
Recent Activity
- September 2026: co-led IPercept's $16.5M Series A (Stockholm, CNC machine diagnostics) with 2150. Existing investors Luminar Ventures, RunwayFBU, J12 Ventures, and AI.Fund participated.
- July 2026: SEC filing shows Isogon Ventures I, L.P. targeting up to $150M.
- 2026: Paco Riberas and Dan Abelon announced the firm's launch on LinkedIn.
The fund is early in its deployment, so fund status is recorded as actively deploying.
Portfolio Highlights
The website has no portfolio page. The only portfolio company found in public sources is IPercept, a Stockholm-based startup whose sensor attaches to any CNC machine and diagnoses faults without connecting to the machine controller. Customers include Airbus, Bosch, Hitachi Energy, Scania, and Volvo. Expect this list to grow as the fund deploys.
Team
- Paco Riberas, General Partner: Previously invested at Orilla and FJ Labs and advised companies at Kearney. Has served on boards across industrial services, transportation, and the circular economy. MBA from Chicago Booth, dual degree from ICADE.
- Dan Abelon, General Partner: More than a decade at Two Sigma Ventures investing in AI, machine learning, and infrastructure, and co-led its emerging manager strategy. Earlier at IBM, and co-founded SpeedDate (acquired by IAC). MBA from Stanford GSB, BA from Columbia.
- Alvaro Garcia, Investor: Previously at BYND Venture Capital and Big Sur Ventures (20+ European investments), Rocket Internet, and Credit Suisse.
- Earnest Sweat, Venture Partner: Founder of Stresswood, host of Swimming with Allocators, founding member of Prologis Ventures (logistics, industrial IoT, built environment). Kauffman Fellow.
Decision Process
Two general partners run the firm, so decisions are made as a partnership. No timeline is published. Warm introductions are not stated as required, but the firm leans on its network for deal flow and customer access.
Founder Preferences
Founders building defensible products for real-world industries, who have lived inside the sectors they disrupt or have the discipline to learn them from the ground up. The firm offers customer access and validation (introductions to corporates, pilots, design partnerships), operator-led guidance, and a transatlantic bridge helping US founders land in Europe and European founders reach large North American industrial buyers. Its LP base includes industrial companies, family businesses, and operators on both sides of the Atlantic.
Geographic Focus
Transatlantic: the US and Europe, with local teams in New York and Madrid.