Ruya Ventures debut fund closes at $50 million for deeptech
Rick Hao’s solo-GP strategy has begun deploying into a concentrated portfolio, with Aldea Ventures among its backers.
The oversubscribed close gives Rick Hao a dedicated fund for companies moving from laboratory research to commercial production. Ruya says it declined additional investor commitments to preserve a focused strategy and had already backed five companies by the announcement.
The fund will combine early investment with work on manufacturing, customer adoption and international expansion. Its first disclosed companies include WLF Energy and MegaCool, applying that approach to energy infrastructure and cooling hardware.
Use of funds
Back a focused portfolio of early-stage deeptech companies
Support commercialisation, manufacturing and international expansion