Rick Hao closed a $50 million solo GP fund focused on deep‑technology startups. The fund adds fresh, specialist capital to the European deep‑tech landscape, potentially accelerating the commercialization of university spinouts and early scientific ventures. Rick Hao (ex‑Speedinvest partner), undisclosed limited partners, and deep‑tech startup founders. The fund will begin deploying capital, with first investments expected within the next three to four months and possible follow‑on rounds for portfolio companies. Rick Hao’s new vehicle follows a growing trend of solo GP funds targeting niche sectors such as deep technology. The $50 million commitment, while modest compared with larger multi‑manager funds, provides dedicated capital for scientific startups that often struggle to attract early‑stage investment. The move signals continued confidence in Europe’s deep‑tech ecosystem despite broader market volatility.
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