A first-check venture firm founded by Alexander Lange in 2019 that backs hard technologies and hard-to-underwrite markets, especially compute, cryptography, robotics, defense and space, with initial checks generally from $0.5M to $2M.
Founded —
Type Venture capital 1 Mercury / Fund II 2022-01-19 2022-01-19 $40M SecondfundUSD40.7mannouncement.2023-10-18retrospective confirms3closingsduring2021 fromUSD4mfirst to~USD40mfinal; announcementnotclose.
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$1M $500K – $1M Berlin, Germany — — – — — — – — — — – —
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team@apexlogos.ai · 17 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size, dates and stage mandate
| Item | Evidence and interpretation |
| --- | --- |
| Mercury / Fund II | **USD 40.7M**, officially announced **2022-01-19**. [Firm announcement](https://hardfutures.inflection.fund/p/announcing-inflections-40m-mercury ) calls this its second fund and describes its launch; this is a fund amount, not check size or AUM. |
| Closed versus target | The firm's [Key Learnings](https://hardfutures.inflection.fund/p/key-learnings ), **2023-10-18**, says Mercury closed in three closings during **2021**, growing from USD 4M at first close to about USD 40M at final close. This supports raised/closed capital rather than a mere target. USD 40M is rounded against the original USD 40.7M announcement. [CoinDesk](https://www.coindesk.com/business/2022/01/19/crypto-vc-firm-inflection-launches-40m-fund-to-build-open-economy ), published **2022-01-19**, independently reports the launch. |
| Newer funds / AUM | Searches for 2024–2026 funds and Fund III found no verified newer size or aggregate AUM for this exact firm. Treat Mercury as **latest-known**, not a proved latest/current deployable vehicle. Initial fund size and available reserves remain unknown. The **2026-09-07** [On fundraising](https://hardfutures.inflection.fund/p/on-fundraising ) article is advice for founders, not a new fund announcement. |
| Current first checks | [Official homepage](https://inflection.fund/ ), undated/accessed 2026-10-06, states **USD 0.5M–2M initial checks**, first-check investing, hard technologies/markets and founders with European roots. These amounts are per-investment checks. |
| Earlier range | The 2022 fund announcement stated **USD 0.5M–1.5M**, matching Signal's older-looking range. Prefer current official USD 0.5M–2M while retaining historical context. |
| Stages | Explicit official first-check/early-stage strategy, supported by actual **pre-seed and seed** rounds below. Series A participation is verified for Fabric as follow-on; do not infer a general late-stage mandate from profile rankings or isolated later rounds. |
The 2022 fund thesis emphasised the open economy, equity and digital assets. A [2023-06-07 firm article](https://hardfutures.inflection.fund/p/an-engineering-approach-to-venture ) describes a deep-tech venture vision. This evolution helps reconcile historic crypto investments with current hard-tech strategy; it does not establish an entirely new fund.
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Mercury / Fund II | USD 40700000 | 2022-01-19 | SHOW MORE
team@apexlogos.ai · 18 hours ago
Match research 2026-10-06 / GoldiInflection / sha256:e2ede89c144d15992c422f24dda271bb04b4847b8cc6fd5d8ecfb1485fc10300 / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
Additional **firm-claimed portfolio holdings** on the [official homepage](https://inflection.fund/ ), undated/accessed 2026-10-06: **Levtek (2025)**, modular industrial robots; **Ark (2025)**, autonomous fleet control; **Deep Earth (2024)**, subsurface mapping; and **Hedy (2025)**, cyber defence. These dates are website portfolio labels, not verified round-announcement dates. Levtek is a clear robotics lead; the other labels require company-level technology and financing validation before detailed Adex round updates. Unnamed optics fabrication, energy-grid orchestration and laser-ranging entries are not named-company evidence. Historical MoonPay, ADWAY, Async Art and similar software/marketplace rows were not automatically classified deep tech.
## Neurotech findings and relevant non-investment leads
**No verified neurotech investment found in the sources checked.** This conclusion covers the exact Adex snapshot, both NFX profiles, current official portfolio, firm research articles and targeted neurotechnology/brain-investment searches. It does not prove absence of undisclosed holdings.
- The firm's **2024-04-26** [SVRGN Weekly Digest #14](https://hardfutures.inflection.fund/p/svrgn-weekly-digest-14 ) discusses an **unnamed pre-seed company** with non-invasive mind-reading capabilities, sourced through Deepchecks.vc. The same digest explicitly says Inflection invested in Radical, but makes **no investment assertion** for the mind-reading company. This is a credible diligence lead, not a verified neurotech holding; company name, ownership and transaction remain missing.
- Alexander Lange's **2026-07-16** [Machine perception article](https://hardfutures.inflection.fund/p/machine-perception-sensing-as-ais ) discusses quantum biomagnetic imaging for BCIs and bioelectronic medicine. This establishes thematic interest, not investment in Neuralink, Cala Health or other examples mentioned.
- The **2026-03-03** [AI Enhanced Second Brain](https://hardfutures.inflection.fund/p/ai-enhanced-second-brain ) article concerns knowledge management and AI tools. The metaphorical title does not establish neural sensing, neuromodulation or BCI investment.
No partner's prior Earlybird/Index portfolio or Signal-listed angel investment was attributed to this firm without separate evidence.
## Conflicts, gaps and later Adex review notes
1. **Fabric round correction:** snapshot labels its USD 33M 2024 round seed. Both primary sources identify **Series A**. Separate USD 6M 2023 seed from USD 33M 2024 Series A. Review `Fabric` versus `FabricCryptography` duplicates before merging anything.
2. **Lead attribution:** snapshot `isLead: false` conflicts with Ubitium's company announcement and Lodestar adviser evidence, and lacks the Nordic Air Defence lead evidence. Fabric seed has a real wording conflict: firm says co-led; company says led by Metaplanet with Inflection participating. Retain both accounts pending definitive confirmation.
3. **Dates and totals:** portfolio years are not transaction dates. Lodestar's October adviser announcement follows July reporting. NAD's USD 3M extension is not the USD 4.4M aggregate round. Do not interpret either as Inflection's cheque.
4. **Fund limitations:** unknown Fund I size, newer-fund status, current AUM, reserves, fundraising targets and vehicle-level ownership. USD 40.7M is supported as Mercury capital, not total current assets. Newer fund searches also surfaced unrelated Inflexion, Inflection Point and Catalio funds; excluded.
5. **Identity/team:** Adex's truncated Robert S./Rebecca M. roles need direct identity confirmation. Signal's Berlin location and the official fund's Boston/global historical description are compatible with a distributed firm, not sufficient to set a unique headquarters. Old `inflection.xyz` branding is the same firm in the cited announcements, distinct from Inflection AI and similarly spelled Inflexion.
6. **Neurotech follow-up:** identify the unnamed Deepchecks-sourced company and obtain explicit Inflection financing evidence before adding a neurotech relationship. Thesis or article mentions alone are insufficient.
7. **Unverified baseline rows:** Anytype, Senken, Modulus Labs, Otterspace, ADWAY, Async Art, Flashbots and MoonPay remain baseline leads beyond the focused technology examples reviewed here. Their presence in the snapshot is not independently confirmed by this note. The selected official portfolio is not necessarily exhaustive.
All linked sources were accessed 2026-10-06; dated publications are identified next to their claims. Research only: no Adex/database updates, MCP Patch calls or commits were made. SHOW MORE
team@apexlogos.ai · 18 hours ago
Match research 2026-10-06 / GoldiInflection / sha256:e2ede89c144d15992c422f24dda271bb04b4847b8cc6fd5d8ecfb1485fc10300 / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Inflection — GoldiInflection
- Exact Adex ID: `GoldiInflection`
- Canonical Adex URL: https://adex.page/firms/GoldiInflection
- Official website: https://inflection.fund/
- Research date and source access date: 2026-10-06
- Status: complete research review; unresolved items are explicitly identified below.
Inflection is Alexander Lange's first-check venture firm, founded in early 2019. Verified investments span semiconductor architectures, cryptographic hardware, autonomous aviation, orbital robotics and drone defence. The latest-known publicly evidenced fund size found is **USD 40.7 million for Mercury/Fund II**, announced in January 2022, with a later firm retrospective confirming closings during 2021. No verified neurotech investment found in the sources checked. There are relevant neurotech research leads, but they are not investment evidence.
## Starting evidence: Adex and NFX Signal
The exact-ID snapshot `data/research/_sources/GoldiInflection.adex.json` was retrieved at 2026-10-06T19:29:00.096Z through read-only Adex Search. Its description identifies the same firm and states first checks of USD 0.5M–2M. It contains 20 participation rows: Ubitium; Fabric Cryptography; Anytype; Senken; Modulus Labs; Otterspace; ADWAY; Lodestar; Async Art; two unnamed stealth companies; Hedy; Levtek; Ark; Nordic Air Defence; Deep Earth; Fabric; Radical; Flashbots; and MoonPay. Existing research dated 2026-09-14 supplies many source links, but these rows are starting claims, not independent confirmation. The investor-profile check fields are null. Fabric and Fabric Cryptography appear to be the same company entered under two IDs; see corrections below.
The [NFX firm page](https://signal.nfx.com/firms/inflection ), directly read, gives Berlin, Germany but little other public firm information. The directly read [Alexander Lange profile](https://signal.nfx.com/investors/alexander-lange ) identifies Inflection's founding GP, a USD 500K–1.5M range and USD 1M sweet spot. Its rankings include Seed and Series A for hardware, robotics, security, space and deep tech. It describes interest in computation, hardware, aerospace, defence and cryptography; it marks SaaS and consumer as outside interest. These are profile/ranking claims, not a binding firm mandate. Public experience entries mix firm activity with explicit angel activity, including Starcloud and Privy, so those cannot automatically be attributed to Inflection. Intro/network details require login. Both pages are undated; accessed 2026-10-06.
## Fund size, dates and stage mandate
| Item | Evidence and interpretation |
| --- | --- |
| Mercury / Fund II | **USD 40.7M**, officially announced **2022-01-19**. [Firm announcement](https://hardfutures.inflection.fund/p/announcing-inflections-40m-mercury ) calls this its second fund and describes its launch; this is a fund amount, not check size or AUM. |
| Closed versus target | The firm's [Key Learnings](https://hardfutures.inflection.fund/p/key-learnings ), **2023-10-18**, says Mercury closed in three closings during **2021**, growing from USD 4M at first close to about USD 40M at final close. This supports raised/closed capital rather than a mere target. USD 40M is rounded against the original USD 40.7M announcement. [CoinDesk](https://www.coindesk.com/business/2022/01/19/crypto-vc-firm-inflection-launches-40m-fund-to-build-open-economy ), published **2022-01-19**, independently reports the launch. |
| Newer funds / AUM | Searches for 2024–2026 funds and Fund III found no verified newer size or aggregate AUM for this exact firm. Treat Mercury as **latest-known**, not a proved latest/current deployable vehicle. Initial fund size and available reserves remain unknown. The **2026-09-07** [On fundraising](https://hardfutures.inflection.fund/p/on-fundraising ) article is advice for founders, not a new fund announcement. |
| Current first checks | [Official homepage](https://inflection.fund/ ), undated/accessed 2026-10-06, states **USD 0.5M–2M initial checks**, first-check investing, hard technologies/markets and founders with European roots. These amounts are per-investment checks. |
| Earlier range | The 2022 fund announcement stated **USD 0.5M–1.5M**, matching Signal's older-looking range. Prefer current official USD 0.5M–2M while retaining historical context. |
| Stages | Explicit official first-check/early-stage strategy, supported by actual **pre-seed and seed** rounds below. Series A participation is verified for Fabric as follow-on; do not infer a general late-stage mandate from profile rankings or isolated later rounds. |
The 2022 fund thesis emphasised the open economy, equity and digital assets. A [2023-06-07 firm article](https://hardfutures.inflection.fund/p/an-engineering-approach-to-venture ) describes a deep-tech venture vision. This evolution helps reconcile historic crypto investments with current hard-tech strategy; it does not establish an entirely new fund.
## Named previous deep-tech investments
Round amounts below are **total company rounds**, never Inflection's individual contribution unless explicitly stated. Deep-tech classification is this review's assessment of the engineering described in the cited sources.
| Company | Technology and firm attribution | Round/date and sources |
| --- | --- | --- |
| **Ubitium** | Workload-agnostic RISC-V processor architecture: semiconductor design, not ordinary AI software. Company announcement names Inflection as **co-lead** alongside Runa Capital and KBC Focus Fund. | **USD 3.7M seed, 2024-11-21**. [Ubitium-issued GlobeNewswire release](https://www.globenewswire.com/news-release/2024/11/21/2985136/0/en/Ubitium-Debuts-First-Universal-RISC-V-Processor-to-Enable-AI-at-No-Additional-Cost-as-It-Raises-3-7M.html ), **2024-11-21**. Product-performance claims are the company's statements; investment attribution is explicit. |
| **Fabric Cryptography / Fabric** | Verifiable Processing Units: custom silicon and software for cryptographic workloads, including privacy-preserving computation. Both company and firm identify Inflection in financing. | **USD 6M seed in 2023** and **USD 33M Series A, August 2024**. [Firm article](https://hardfutures.inflection.fund/p/fabric ), **2024-08-21**, says Inflection co-led seed and participated in Series A. [Company-issued release](https://www.globenewswire.com/news-release/2024/08/20/2933113/0/en/fabric-cryptography-raises-33m-to-unleash-advanced-cryptography-with-a-new-kind-of-chip.html ), **2024-08-20**, calls the USD 33M round Series A and names Inflection in the earlier seed, described there as led by Metaplanet. Series A Inflection attribution relies on its own article; the company release names other Series A investors without explicitly naming Inflection. |
| **Radical / Radical Aero** | Autonomous solar aircraft for persistent high-altitude communications and imagery: aerospace hardware and autonomy. Firm reports leading pre-seed; reporting names subsequent seed participation. | [Firm digest](https://hardfutures.inflection.fund/p/svrgn-weekly-digest-14 ), **2024-04-26**, says Inflection led pre-seed, without amount/date. **USD 4.5M seed, 2024-04-24**, led by Scout Ventures with Inflection participating, verified by [GeekWire](https://www.geekwire.com/2024/radical-raises-funds-solar-airplanes/ ), **2024-04-24**. The pre-seed lead claim is firm self-report. |
| **Lodestar Space** | Space robotics capable of physical interaction with orbital assets; specialised aerospace engineering and autonomous inspection/servicing. Inflection.xyz co-led with Lunar Ventures. | **USD 2.5M pre-seed**, reported **2024-07-25** by [Space Insider](https://spaceinsider.tech/2024/07/25/lodestar-space-secures-2-5m-pre-seed-funding-to-safeguard-space-infrastructure/ ). [Company's legal adviser announcement](https://www.mishcon.com/news/mishcon-de-reya-advises-lodestar-space-on-25m-pre-seed-funding-round ), **2024-10-17**, confirms amount and co-leads. The later adviser publication is not a distinct round date. UK Space Agency non-dilutive support must remain separate from equity financing. |
| **Nordic Air Defence** | Software-defined drone interception with battery-powered Kreuger 100 hardware: defence systems engineering. Inflection led a pre-seed extension. | **USD 3M extension; USD 4.4M aggregate pre-seed**, **2025-07-03**. [Tech.eu](https://tech.eu/2025/07/03/inflection-leads-3m-investment-in-nordic-air-defences-anti-drone-platform// ), **2025-07-03**. Lead attribution and round are corroborated by contemporary reporting; individual cheque undisclosed. | SHOW MORE
team@apexlogos.ai · 23 days ago
MATCH 
Balderton Capital
Anytype$— · 2023-08-23
Bessemer Venture Partners
Otterspace$3M · 2022
Cherry Ventures
Lodestar$2M · 2024-07-25
Lunar Ventures
Upfront Ventures
ADWAY$6M · 2021-07-21
Ubitium
Radical
Modulus Labs
Fabric
Async Art