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Today: May 14, 2024
January 3, 2024
1 min read

Countdown Capital closing doors, giving back uninvested funds.

Countdown Capital, a venture capital firm specializing in hard tech industrial companies, will shut down and return invested capital to its shareholders. The firm’s founder, Jai Malik, wrote in a letter to shareholders that larger, multi-stage venture firms are better positioned to generate strong returns on industrial startups. Malik stated that new investments are unlikely to yield strong returns and therefore the firm’s existence is no longer justified. Countdown Capital’s investments include satellite bus startup K2 Space, aerial vehicle manufacturer Swarm Aero, cybersecurity firm Galvanick, and flight safety AI assistant Beacon AI.

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