Steve McGrath

Managing Director, Head of Venture Studios, Roadrunner
Steve McGrath, a Cambridge-trained physicist and co-founder of Strategos, bridges Silicon Valley and Asian manufacturing across AI, semiconductors and climate tech, shaping national programs and EV infrastructure integration.
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Avg Check
$1M
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Does their fund Lead?
Yes
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Steve McGrath
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Sectors their fund invests in
Energy
Materials
Deeptech / Hardware
Climate
Biotech
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$1M
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Leads?
Yes
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About Steve McGrath

Steve McGrath studied physics at Cambridge before co-founding Strategos with Gary Hamel and C.K. Prahalad, one of the first firms built around systematic technology commercialization, and he later built companies and investment platforms connecting Silicon Valley and Asian manufacturing across AI, semiconductors, and climate tech, even helping Singapore's Economic Development Board design national programs like the Corporate Venture Launchpad. At Shell Ventures he joined Ample's board after leading its Series A, pushing a specific view that new EV infrastructure should tie into Shell's existing retail stations and power business rather than stand alone as a separate technology bet.

About their Fund

Sectors
Energy, Materials, Deeptech / Hardware, Climate, Biotech
Rounds
Pre-Seed - Seed
Avg Check Size
$1M

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.

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