Industrious Ventures

Industrious Ventures is a venture capital firm based in Denver, Colorado, founded in 2019. The firm focuses on early-stage investments and targets companies that are transforming industries through innovative advancements in sectors such as aerospace, autonomous robotics, supply chain, manufacturing, and national defense. Industrious Ventures aims to partner with founders and teams that seek to reconstruct value chains and drive significant change within their respective markets. The firm is committed to long-term investments, providing support to entrepreneurs as they develop and scale their businesses.

Mason Angel

Co-Founder and Partner

Max Conway

Partner

Christian Gammill

Venture Partner and Co-Founder

20 past transactions

Stoke Space

Series C in 2025
Stoke Space is a company dedicated to developing a fully reusable medium-lift rocket known as Nova, which aims to provide cost-effective and sustainable access to space. The company focuses on creating rockets that deliver satellites in a manner that is low-cost, on-demand, and capable of daily flights. By emphasizing environmental stewardship, Stoke Space seeks to significantly reduce atmospheric impact and facilitate dynamic space operations. With its vertically integrated design and manufacturing capabilities, the company is positioned to accelerate the growth of the space economy while promoting sustainable practices in the aerospace industry.

Lunar Outpost

Series A in 2024
Lunar Outpost is a company dedicated to advancing technology that facilitates sustainable human presence in space, particularly on the lunar surface. It specializes in the development of innovative robotics, including a moon rover designed for autonomous swarm navigation and capable of carrying diverse payloads. Additionally, the company creates Internet of Things (IoT) air quality sensors that monitor and respond to local air quality conditions. This technology not only supports lunar exploration but also aims to have a positive impact on Earth, enabling governments, companies, and communities to establish a sustainable presence in space.

Starfish Space

Series A in 2024
Starfish Space Inc. is a company that specializes in developing on-demand in-space transportation and maintenance services for orbiting satellites. Founded in 2019 and based in Kent, Washington, Starfish Space builds small space tugs equipped with advanced Proximity Operations Software, which integrates orbital mechanics and machine vision artificial intelligence with a low-thrust electric propulsion system. This innovative technology allows the company to perform a range of satellite servicing missions, including life extension, relocation, disposal, and inspection. By utilizing smaller space tugs capable of operating across various orbits, Starfish Space aims to enhance the efficiency and longevity of satellite operations in space.

H3X

Series A in 2024
H3X Technologies, established in 2020 by Jason Sylvestre, Eric Maciolek, and Max Liben, specializes in manufacturing electric propulsion systems for aviation. Their innovative products are designed to be lightweight yet powerful, targeting sustainable aviation and urban air mobility markets. H3X's unique machine combines the electric motor and inverter into a single unit, aiming to reduce emissions in aviation, marine, and heavy industrial applications while enhancing aircraft performance through retrofits.

Xona Space Systems

Series A in 2024
Xona Space Systems, Inc. is a company focused on developing and manufacturing position, navigation, and timing (PNT) satellite solutions. Established in 2019 and headquartered in San Mateo, California, the company is creating a constellation of low-cost, low-Earth orbit satellites designed to enhance navigation services for a variety of sectors, including smart transportation and infrastructure. Xona's flagship product, the Xona Pulsar, delivers high-power signals to support applications such as autonomous vehicles, unmanned aerial vehicles, and mobile robotics. The constellation aims to provide secure, resilient, and precise navigation and timing services essential for the safe and scalable operation of modern intelligent systems.

Proteus Space

Seed Round in 2023
Proteus Space specializes in automating satellite design processes, enabling rapid deployment of payload-tailored satellites. Led by a team of experienced professionals from the space and advanced technology sectors, they offer comprehensive small satellite systems integration services. The company's expertise spans designing, inventing, sourcing, manufacturing, integrating, and operating novel capabilities for customizable mission services, primarily serving the U.S. government and its allies.

Voyager Space

Private Equity Round in 2023
Voyager Space Holdings, Inc., established in 2019 and based in Denver, Colorado, is a holding company that acquires and operates businesses within the space exploration industry. Its mission is to create a vertically integrated entity capable of executing any human-conceived space mission. Voyager specializes in acquiring and integrating expertise, resources, and capabilities from various segments such as aerospace engineering, satellite manufacturing, propulsion systems, launch services, and technology development. This consolidation enables commercial space companies to contribute to broader exploration, scientific discovery, and development goals.

Orbit Fab

Series A in 2022
Orbit Fab, Inc. is a company focused on developing orbital propellant depots to support satellite servicing operations. Founded in 2018 and headquartered in San Francisco, California, Orbit Fab creates infrastructure that offers satellite propellant supply in Earth orbit, thereby enhancing the operational capabilities of both existing and new space assets. Its product offerings include the Rapidly Attachable Fluid Transfer Interface (RAFTI) for on-orbit refueling, as well as various prototypes for rigid tankers designed for the International Space Station (ISS). By enabling more flexible fuel management, Orbit Fab aims to facilitate the growth of a sustainable in-space market that supports a range of industries, including communications, Earth observation, space tourism, manufacturing, and mining.

TRAXyL

Seed Round in 2022
TRAXyL, Inc. is a technology company based in Warrenton, Virginia, founded in 2014. The company specializes in the innovative installation of optical fiber through its FiberTRAX system, which allows for the direct application of optical fiber onto road surfaces without the need for traditional trenching. This method significantly simplifies the deployment of broadband communications, making it particularly beneficial for municipalities, internet service providers, and various organizations looking to enhance connectivity. By enabling the rapid rollout of optical fiber, TRAXyL aims to bridge the digital divide and improve access to high-speed internet in underserved areas, including campuses, hospitals, and military bases, while also supporting the expansion of 5G networks.

Solestial

Seed Round in 2022
Solestial, Inc. is an innovative solar energy company focused on developing advanced solar panels specifically for space applications. The company has created a breakthrough ultra-thin silicon solar cell that possesses the unique ability to self-cure radiation damage at normal operating temperatures, making it well-suited for the harsh conditions of space. These solar cells are packaged in flexible, lightweight panels designed to maintain minimal degradation for up to 10 years in low Earth orbit. Solestial's technology allows for mass production using automated machinery, resulting in costs that are significantly lower than traditional solar technologies, with virtually unlimited manufacturing capacity. By providing affordable and efficient solar energy solutions, Solestial is positioned to support a range of applications, from current satellite constellations to future utility-scale energy infrastructure in space, thereby contributing to the growth of the emerging space economy.

Banyan Infrastructure

Series A in 2022
Banyan Infrastructure is a technology company that specializes in project finance software for sustainable infrastructure. Its platform automates complex processes such as asset origination, portfolio management, and compliance tracking, enabling financial institutions to scale investments efficiently while adhering to regulations. This results in increased deal velocity, improved profits per investment, and significant time savings throughout the deal lifecycle. The company focuses on innovation to deliver a seamless digital experience, reducing transaction friction and facilitating clean energy and infrastructure development.

Aigen

Seed Round in 2022
Aigen is a company focused on revolutionizing agriculture by connecting farmers with innovative technologies aimed at improving both human and planetary health. The company is developing an autonomous, solar-powered robotics platform designed to manage plants without relying on chemical inputs that can degrade soil carbon storage. By offering affordable alternatives to conventional farming practices, Aigen empowers farmers to regenerate soil health and address the ongoing labor shortages in the agricultural sector. Through its solutions, Aigen aims to contribute to the decarbonization of agriculture while enhancing the sustainability of food production.

Pod Foods

Series A in 2021
Pod Foods Co. is a San Francisco-based company established in 2017 that specializes in software for the distribution of food, functioning as a logistics and technology-enabled B2B marketplace. The company connects brands directly with grocery retailers, including both traditional and online delivery solutions. Pod Foods offers a diverse array of products, such as fruits, vegetables, beverages, snacks, and branded food, facilitating a streamlined supply chain. Its platform simplifies the distribution process by allowing retailers to purchase products directly from manufacturers, enhancing efficiency and cost-effectiveness in bringing quality food to market.

Voyager Space

Venture Round in 2021
Voyager Space Holdings, Inc., established in 2019 and based in Denver, Colorado, is a holding company that acquires and operates businesses within the space exploration industry. Its mission is to create a vertically integrated entity capable of executing any human-conceived space mission. Voyager specializes in acquiring and integrating expertise, resources, and capabilities from various segments such as aerospace engineering, satellite manufacturing, propulsion systems, launch services, and technology development. This consolidation enables commercial space companies to contribute to broader exploration, scientific discovery, and development goals.

Paystand

Series C in 2021
Paystand, Inc. is a technology company founded in 2013 and based in Scotts Valley, California. It operates an electronic payment portal that facilitates online payments for businesses, allowing them to establish storefronts on their websites and social media platforms. The company aims to transform B2B payments by leveraging blockchain and cloud technology to offer Payments-as-a-Service. Its software digitizes receivables and automates payment processing, reducing time-to-cash and eliminating transaction fees. This innovative approach helps businesses streamline their cash management processes and unlock new revenue opportunities while contributing to a more open financial system.

Hydrosat

Seed Round in 2021
Hydrosat is a climate technology company established in 2017 and headquartered in Washington, D.C. The company specializes in utilizing thermal imagery from satellites to assess water stress in agriculture, thereby enhancing food security, public safety, and environmental management. Hydrosat provides geospatial analytics services that enable organizations to monitor and manage data related to plant health. By transforming thermal infrared satellite imagery into actionable insights, Hydrosat supports various sectors, including agriculture, financial services, and government, in making informed decisions regarding water resource management.

Flowspace

Series B in 2021
Flowspace, Inc. is a logistics company that specializes in on-demand warehousing and fulfillment services through an innovative online platform. Founded in 2016 and headquartered in Los Angeles, California, Flowspace operates a network of over 150 fulfillment centers across the United States. Its cloud-based software, OmniFlow, provides users with real-time visibility into inventory, orders, and fulfillment activities, allowing businesses to manage their logistics from a single dashboard. Flowspace serves a diverse clientele, including direct customers, retailers, and distributors, by offering flexible storage solutions, transportation, and additional services such as shrink wrapping, kitting, and labeling. The company's commitment to customer service has earned it recognition in various awards, highlighting its impact on the logistics and fulfillment industry.

Blutag

Seed Round in 2021
Blutag Inc. is a New York-based company founded in 2015 that specializes in providing online applications to enhance voice shopping experiences for retailers and brands. The company focuses on developing cloud-based solutions that enable the creation of branded voice assistants, allowing retailers to connect with their product catalogs through simple voice commands without the need for coding. With over 20 years of experience in eCommerce and advanced technology, Blutag aims to help consumers quickly find products suited to their needs, thereby transforming the way shopping is conducted in a voice-first environment.

PANTASTIC

Seed Round in 2020
Pantastic was created to help independent brands collaborate to showcase their products, protect their creations, secure their data, and scale their businesses. It aims to provide indie brands with the technology they require, the data they deserve, and the exposure they seek.

Solestial

Solestial, Inc. is an innovative solar energy company focused on developing advanced solar panels specifically for space applications. The company has created a breakthrough ultra-thin silicon solar cell that possesses the unique ability to self-cure radiation damage at normal operating temperatures, making it well-suited for the harsh conditions of space. These solar cells are packaged in flexible, lightweight panels designed to maintain minimal degradation for up to 10 years in low Earth orbit. Solestial's technology allows for mass production using automated machinery, resulting in costs that are significantly lower than traditional solar technologies, with virtually unlimited manufacturing capacity. By providing affordable and efficient solar energy solutions, Solestial is positioned to support a range of applications, from current satellite constellations to future utility-scale energy infrastructure in space, thereby contributing to the growth of the emerging space economy.
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