The Deep Technology Fund aims at $ 5 million to attract the founders of universities

Spending time at a university, and it is imperative that you encounter a person with a plan to save the world, or at least make a small part of it better. It may be just optimism for young people, but sometimes they are actually on something.

Venture Critical partners are betting that the young founders who have been extracted from universities can solve some of the world’s most problems, including climate change, health care, and economic opportunities. The company was established by three new graduates from the University of Pennsylvania.

“We are the type of founder that we were investing-being young, and investing in other youth,” Sam Strakberger, co-founder and general partner at Cructure Venture Partners, told Techcrunch.

StrickBerger and his employees, Seungwon Son and Max StrickBerger, his brother, collected an opening box of $ 5 million to attract the founders to their wallets of check sizes ranging from 50,000 and 250,000 dollars. A quarter of the fund is allocated for follow -up investments. Among the limited partners Aarti Chandna, a partner in the Silicon Valley Social Venture Fund; Seth Goldman and Chairman of the Board of Directors of Meat; Andrew Kaplan, partner in Bain Capital.

To attract new talents, Critical Venture Partners works with Yope- a accelerator known previously as a founder. Org that Michael Baum, co-founder and CEO of Splung-for launching a starting start competition of $ 100,000.

So far, the company has invested in three startups: Gen. The GalaxyWhich converts Co₂ In methane. Mobius Industries, which restore minerals from waste; And Statagen Bio, which adds quantitative data to the MRI scanning.

“We are truly inspired by the history of the founders of young people who build large companies that define the categories,” said Strikberger.

In this sense, Critical Venture Partners in a good company: Venture Capital evaluates young founders to the extent that it limits mania. However, it is easy for incurable problems to require new thinking to solve them. Optimism in the new company may be young, but they are definitely in a good company.