Our Thesis

As global consumption continues to grow together with global workloads, global productivity and labour growth are shrinking. 

We believe that automation technologies are likely to become the significant global economic growth engine as the forces which have traditionally driven global economic growth continue to slow.

We believe that over the next decade companies will seek to automate almost all types of direct labour inputs where there is technical potential to do so given the widening gap between labour costs and automated solutions. We work with entrepreneurs who want to exploit this trend. 

We invest in founders pursuing big opportunities in robotics, ai or automation, whose offerings create large-scale productivity improvements and whose road-maps are focused on creating a defensible, autonomous product offering. We favour projects whose solutions and business models prioritise capital efficiency though, unlike many investors, are not scared of investing in hardware given how many of the world's largest problems require interaction action with the physical world.

We believe that to great to create long term value requires time. We are here to take the long view and offer patient, thoughtful ongoing support to the entrepreneurs which we back.