DeepTech funding logic is fundamentally different from software venture. Companies raise across long horizons against milestone progress, with rounds combining venture equity, government grants, sovereign-backed industrial capital and strategic corporate prepayments. A normal round structure includes non-dilutive funding running in parallel with the equity tranche.

The active investor mix runs across deep-tech specialists (Lux, DCVC, Founders Fund, 8VC, Khosla) across most categories, climate funds (Breakthrough Energy Ventures, Lowercarbon, Energy Impact Partners) for energy and fusion operators, defense and dual-use investors (Andreessen American Dynamism, Shield Capital) where applicable, sovereign-backed industrial capital on capital-intensive rounds, and the corporate venture arms of hyperscalers, industrial conglomerates and defense primes depending on the category. Non-dilutive programmes - ARPA-E, DOE, EIC, Horizon Europe - are scheduled into the funding plan alongside the equity raise. Flow has direct relationships with the specialist funds, sovereign investors and CVCs active in the category.

Flow has experience running VC fundraising processes for deeptech companies across advanced materials, quantum and photonics, novel computing and semiconductors, energy and fusion technology, and frontier biology platforms. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.