We are very proud to to have acted as lead counsel to Ruya Ventures on the launch of its maiden institutional fund, raising $50m across four oversubscribed closings in less than a year.
Spearheaded by Rick Hao (ex-Speedinvest), the solo GP deep tech fund will invest in a concentrated portfolio of 'day zero' companies tackling frontier technology and solving meaningful, difficult problems.
The fund is already deploying capital and its first investments include WLF Energy, which develops energy infrastructure from generation to grid, and MegaCool, which creates cooling hardware tailored to modern compute needs, in addition to three stealth-mode startups across AI, robotics and semiconductors.
As Rick says "“This milestone is the result of the trust and support of our limited partners, founders, and advisors who believe that the next generation of transformative companies will emerge from breakthroughs in science, engineering, and frontier technologies. While raising a fund is an important achievement, what matters most is what comes next: partnering with exceptional founders who are tackling hard technical problems and building technologies that can reshape industries and create lasting impact."
The Blears team was led by Ollie Blears, with support from associates George Tack and George Jones.
For the full press announcements see here (Sifted) and here (EU-startups).
