Innovation Endeavors

Innovation Endeavors is a prominent venture capital firm based in Palo Alto, known for its focus on "Super Evolution" – investing in foundational technologies that drive significant societal and economic shifts. Co-founded by Dror Berman and former Google CEO Eric Schmidt, the firm targets visionary founders developing transformational technology within emergent ecosystems. Their investment philosophy centers on deep tech, including artificial intelligence, data infrastructure, life sciences, and climate technology, aiming to back companies that are building the next generation of critical infrastructure and solutions.

The firm primarily invests across early stages, from Seed to Series B, often taking a lead or co-lead position in funding rounds. This hands-on approach allows them to partner closely with founders, leveraging their extensive network and operational expertise to help scale nascent companies. Innovation Endeavors is particularly interested in complex, capital-intensive problems that require long-term vision and significant technological breakthroughs. Their portfolio reflects a commitment to companies tackling challenging scientific and engineering hurdles, rather than purely consumer-facing applications.

Innovation Endeavors has demonstrated significant fundraising success, underscoring its capacity to support its portfolio companies through various growth phases. In 2022, the firm announced the close of its fourth fund, Fund IV, at $500 million, following a $330 million close for Fund III in 2019. These substantial capital pools enable them to deploy meaningful initial checks and provide robust follow-on funding. With a total of over $1.5 billion under management across its funds, Innovation Endeavors is positioned as a significant player in the early-stage deep tech investment landscape, actively shaping the future of industries through strategic capital deployment and partnership.