Ruya Ventures Raises €43 Million for Its First DeepTech VC Fund

The new fund will invest in DeepTech startups around the world, helping them turn research and laboratory innovations into real-world products and businesses.

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Rick Hao, founder and solo GP of Ruya Ventures, says: “DeepTech is a marathon not a sprint. Any successful founder in the space will tell you that getting out of the lab is not the hardest part of the journey. Yes, timelines are lengthy and capital requirements hefty but DeepTech failures are not down to the science being wrong.

“Most DeepTech companies stall because no one helps founders figure out how to cross the chasm between a working prototype and a product that can be manufactured at scale and adopted by the market.”

“DeepTech (and the supply chains that underpin it) is an inherently global game. A European lens alone is not sufficient. That is why Ruya Ventures is rooted in Europe but deliberately built with a network that spans Europe, the US, and Asia,” adds Rick.

Founded in 2025, Ruya Ventures plans to invest in around 20 DeepTech companies across the world.

The firm will support startups developing advanced technologies that solve important and difficult problems. It will focus on areas where it has strong knowledge through research, past investments, and experience in bringing new technologies to market.

Instead of investing in many different industries, Ruya Ventures will mainly focus on AI, batteries, robotics, semiconductors, materials science, and next-generation computing.