Craftsmanship. Expertise. Time well spent.

Breakthrough technologies at the intersection of physical and digital.

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What we do

We are a Chicago-based early-stage venture capital firm investing in climate tech innovations leveraging hard tech, software, and AI. We nurture and guide founders working on hard tech solutions that require deep technical knowledge and product development support. The Dipalo Ventures Residency Program will assist startups with product design, engineering, prototyping, validation, data science/AI, and business launch services. Dipalo Ventures Fund I (vintage 2020) has made 15 sector-diverse investments with 1 exit and 50% founder diversity.

There’s a tremendous amount of craftsmanship in between a great idea and a great product.

Steve Jobs, 1997

We live in a physical world where our experiences are increasingly interconnected with the digital

Amazing new products and services are being introduced in this space

Venture capital needs to invest in this next wave of opportunity

What’s wrong with Venture Capital?

Traditional Accelerators and VC do not go far enough in supporting startups that are at the intersection of hardware and software. Operational experience in VC is often missing but can improve outcomes.

US Venture Capital too concentrated

Focus on software is missing opportunities. Many great products are not getting funded. 

Technical skillsets missing from VC

Complexities of creating physical products require startups to not only have access to capital, but also design and engineering support. 

US Center/Midwest underfunded

Most funding is concentrated on the coasts. The underfunded gap is even more pronounced in the US Midwest. 

Our Unique Methodology

Dipalo Ventures de-risks investments by incorporating hands-on product design and engineering reviews in our due diligence process. Our technical diligence identifies gaps that are mitigated post-investment via a hands-on 6-week Residency program.

Who We’re Looking For

Dipalo Ventures is looking for amazing startups that have

• Big disruptive ideas
• Human-centered physical products
• We need to have a prototype available or in progress
• Technical team
• Sustainable Design & Engineering in your DNA
• Teams that can execute based on geographies outside Bay Area, NYC, and Boston
• Articulate where we can help you

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