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Entropy Industrial Capital

GBUSFRDEGRSEAI/MLDeep TechCybersecurityClimateEnterpriseOther

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Investment thesis

Entropy Industrial Capital is the first capital into engineers building in critical industries. The firm invests $250k–$1m at pre-seed, finding exceptional engineers before anyone else and giving them what they need to build: capital, customers, and talent. Entropy focuses on sectors undergoing their most significant transformations since the Second World War—energy, defence, manufacturing, supply chain, robotics, and national security—backing highly technical, mission-driven founders who can build technology no one else can. Through the REALTECH Conference, the firm concentrates the right founders, operators, and investors in one room to accelerate this mission.

Notable quotes

The firm's philosophy is centered on backing technical founders who can build tech no one else can. These individuals tend to be obsessive and driven by a strong personal narrative or point to prove.

Sam Cash · Underline Ventures interview – 'Investing in the re-architecture of critical industries' · 2024

Sectors like manufacturing, supply chain, and energy, which are core to industrial infrastructure, are undergoing their most significant transformations since the Second World War. These changes are driven by challenges in renewable energy, significant labor shortages tied to an impending demographic crisis in the Western world, and the rerouting of trade relationships.

Sam Cash · Underline Ventures interview – 'Investing in the re-architecture of critical industries' · 2024

I felt that no firm in Europe adequately served such founders, which inspired me to build Entropy. These founders are often highly technical, mission-driven, and focused on creating systemically important companies in these sectors.

Sam Cash · Underline Ventures interview – 'Investing in the re-architecture of critical industries' · 2024

Recent investments

CompanyRoundSizeDate
Delian Alliance IndustriesSeries A$14m2025-07
EraDriveSeed2025
Lux AeternaSeed2025
TattvamPre-seed2025
NexcadePre-seed$3m2025-10
Mobius IndustriesPre-seed$4m2025-10
AletiqSeed$6m2024-12
Trout SoftwarePre-seed
ThaleronPre-seed
QuixSeed

Frequent co-investors

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