Roadrunner

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Writes $1M pre-seed checks and co-founds deep-tech startups in energy, advanced manufacturing, quantum, and materials, supplying talent, hands-on advising and operator and government/private partner networks to commercialize lab technologies.
Deep-Tech.com VC Ranking
N/A
Stages they invest in
N/A
Avg Check size
$1M
N/A
Can They Lead?
Yes
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Roadrunner
Stages
N/A
Sectors
Energy
Materials
Deeptech / Hardware
Climate
Biotech
N/A
Avg Check
$1M
N/A
Leads?
Yes
N/A
Close X
Industries
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What Makes them Unique

Roadrunner Venture Studios is an Albuquerque, New Mexico deep tech company creation platform that builds businesses from the ground up alongside technical founders. Its focus spans energy, advanced manufacturing, quantum, and advanced materials, and its stated aim is to keep the U.S. the best place in the world to commercialize deep tech, positioning itself as the nation's go-to platform for identifying, founding, and investing in deep tech, and a de-risking vehicle for the American technological renaissance. Rather than acting as a pure capital source, Roadrunner describes itself as a "venture outfitter" that turns ideas into companies by equipping scientists and technologists with everything they need to succeed, from capital to talent to top-to-bottom advising, using a network of operators and government and private partners to move technologies from the lab to market.

Alongside the studio sits the Roadrunner Fund, anchored by a $50M commitment from the New Mexico State Investment Council, which writes roughly $1M pre-seed checks primarily into companies coming out of the studio.

Video Interview

On deep tech founders being systematically undervalued by traditional VC

"VC is fundamentally a pattern matching machine. I think deep tech founders often just don't fit the pattern... some of the most technical founders are just mispriced, right? And misunderstood."

Adam Hammer | Roadrunner Capital

On how to screen investors for timeline fit before you take their money

"Fast exit money is a slow motion problem. So make sure you really understand what their conviction is, what kind of fluency they have in the areas you're building, what they can bring to the table beyond capital..."

Adam Hammer | Roadrunner Capital

On the studio's core value proposition relative to a plain check

"Capital should be the least valuable thing we provide. What we hope to bring to the table is that team that you need on day one... decades of experience across the team building deep tech companies."

Adam Hammer | Roadrunner Capital

On the urgency test every deep tech pitch has to pass

"Who is that customer that's going through the desert... sees this oasis, this water, says, my god, give it to me. I need it so badly... that's the type of urgency and necessity around the problem that I look for in deep tech."

Adam Hammer | Roadrunner Capital

On the mental shift founders need to make the moment a round closes

"When you finish your fundraise, you are up against time. You're not up against capital... get out of the dollars and fundraising and capital standpoint and get into the time standpoint... Do not be conserving capital. Do not play it safe."

Adam Hammer | Roadrunner Capital

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