Rick Lu is a defense tech investor at Sum Ventures who previously founded and led multiple classified RF and electronic warfare startups (NetworkFab and Spectranetix) that built advanced systems for the U.S. Department of Defense before successful acquisitions, and was an early architect of the Modular Open Systems Architecture standards that became central to modern defense technology. He serves as Chairman of the Defense, Intelligence & Aerospace group at Band of Angels while remaining Chief Strategy Officer at Pacific Defense, giving him the rare combination of being an active builder inside a major defense company and an investor who helps early-stage defense founders navigate government contracting and SBIR commercialization.
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Fintech, Proptech, AI, Climate, Health
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Sum Ventures operates as a first-check venture fund with a portfolio where 40% of companies are founded by women and 50% by immigrants, and 53 other funds have followed them as first-money-in on deals including breakout companies like Brius, PlantSwitch, and Irrigreen. The fund's partners serve as actual board members and C-level executives at portfolio companies while leveraging deep corporate relationships, particularly with Siemens and Douglas Elliman, to structure strategic partnerships that unlock non-dilutive capital and follow-on funding.
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Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
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$400K - $2M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
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$100K - $5M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
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Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
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Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
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$400K - $1.5M
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Deeptech / Hardware
Robotics
Biotech
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7
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
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2
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Unknown
Pre-Seed - Seed
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~$750K
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Fintech
Deeptech / Hardware
Devtools
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
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