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Refactor Capital Fund Allocation Focus
Primary sectors targeted by the new $50 million fund
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List of Hardware Investors & VC Firms for Startups (2026)
See top hardware investors and VC firms funding startups. Find the right partners for seed, pre-seed, and growth-stage capital in hardware development.
Former A16z Partner With 6 Unicorns Raises $50M Fifth Fund - Business ...
This former a16z partner and solo VC has backed 6 unicorns. Now he's raised $50 million to invest in hard tech By Rya Jetha You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Zal Bilimoria is the sole partner at Refactor Capital. Refactor Capital 2026-05-07T13:00:01.249Z Refactor Capital, the firm founded by solo VC Zal Bilimoria, just closed a $50 million fifth fund. Bilimoria said he raised the fund in five phone calls and capped it at $50 million to stay solo. Bilimoria said staying independent keeps him close to founders, who call him "Better Call Zal." It only took solo venture capitalist Zal Bilimoria five phone calls to raise his latest $50 million fund. The former Andreessen Horowitz partner, who left the firm a decade ago to start VC firm Refactor Capital, said the new fund brings his total assets under management to nearly $300 million and will allow him to keep writing $1 million to $2 million checks into pre-seed and seed-stage startups.Bilimoria describes himself as a generalist hard-tech investor, with an interest in startups tackling big physical-world problems. He is looking at biotech companies working on fertility and immunity, as well as companies building in robotics, energy, aerospace, critical materials, and AI infrastructure.The renewed investor interest in hard tech and AI in the physical world comes after years of venture capital flowing primarily into software.Jeff Bezos' new startup, Prometheus, which focuses on physical AI uses in manufacturing and other industries, was just valued at $38 billion. In April alone, physical AI startups raised around $5.3 billion in VC funding, according to Crunchbase data. Bilimoria said Refactor has been investing in the category long before it became fashionable. "I've been doing hard-tech investing for a dozen years," Bilimoria told Business Insider. "It's nice to welcome all these other investors to the party, because there are a lot of huge businesses to be built."Bilimoria moved into investing after stints as a product manager at Google, Netflix, and LinkedIn. He helped launch Andreessen Horowitz's first bio fund in 2015, a departure for a firm then best known for its software bets.Soon after launching the fund, he left to start Refactor, named for the process of restructuring existing computer code so it works the same way but is cleaner and easier to build on. Bilimoria's goal, then and now, he said, is to back founders "refactoring ...
A man who says he threw away a hard drive loaded with 7,500 bitcoin in ...
"The value of the hard drive is over £200m (around $273 million), and I'm happy to share a portion of that with the people of Newport should I be given the opportunity to search for it. Approximately 50% would be for investors who put up the capital to fund the project, and I would be left with the remaining 25%," he added.
Global Millennial Capital Raises USD 100 Million to Fund New-Age ...
The fund focuses on mid-cap opportunities, targeting investments in companies with market capitalizations between USD 5 billion and USD 20 billion, where technology adoption is accelerating and ...
