Rick Hao, former head of Speedinvest’s deep tech team, has raised $50 million for his solo fund, Ruya Ventures.
The fund backs deeptech founders from the very beginning, sometimes even before they officially form a company.
Ruya attracted more interest than needed in less than a year, but Hao chose to keep the fund at $50 million on purpose.
Rick Hao used to lead Speedinvest’s deeptech investment team, where he helped more than 30 companies across AI, battery tech, quantum computing, semiconductors, energy, and robotics. That work depended on a team and shared resources.
Now, with his new $50 million fund, Ruya Ventures, Hao is working on his own. He looks to invest as early as possible, sometimes before there is a cap table, incorporation documents, or even a company name.
