# Subutai Capital Partners

> Venture capital firm combining strategic investment with advanced manufacturing to de-risk and accelerate hard-tech companies.

## About

Subutai Capital Partners is a venture capital firm focused on integrated deep tech — companies that combine complex hardware with sophisticated software to create proprietary data products, platforms, and defensible businesses. We invest from pre-seed through Series B across defense, space, aerospace, and advanced manufacturing.

What makes Subutai unique is our Capital + Capacity model: every investment is paired with forward-deployed engineers and dedicated manufacturing capacity through Subutai Manufacturing. This eliminates the production gap that kills most hard-tech startups, preserves founder equity, and compresses time to revenue.

## Key Facts

- Fund size: $25M
- Stage: Pre-Seed through Series B
- Sectors: Defense, Space, Aerospace, Advanced Manufacturing
- Model: Capital + Capacity (venture investment + integrated manufacturing)
- Team: Ryan Johnson (Managing Partner), Aaron Martin (CEO, Subutai Manufacturing), Scott Bishop (Partner — Legal & M&A), Stephanie Koster (Managing Partner)

## Portfolio Companies

- Hydrosat — Thermal infrared satellite constellation for agriculture and climate monitoring ($108M raised, invested at Seed, Board seat)
- Pixxel Space — World's highest-resolution hyperspectral satellite constellation ($95M raised, invested at Seed, Board seat)
- Loft Orbital — Satellite-as-a-service platform for shared satellite missions ($330M raised, invested at Series A)
- XONA — Next-generation satellite navigation for autonomous systems ($150M raised, invested at Series A, Board seat)
- Krucial — Advanced manufacturing and engineering for defense and aerospace (invested at Seed, Board seat)
- SCCON — Brazilian geospatial analytics for agriculture and environment (Acquired Control, Board seat)
- Diffractions Labs — Counter-drone detection and neutralization systems (invested at Pre-Seed, Board seat)
- BlackBridge — RapidEye satellite constellation for Earth observation (Founded, Exited)

## Investment Thesis

Hard tech founders don't fail because of bad ideas. They fail at the gap between prototype and production. Most venture capital stops at the check, but for companies building physical products — satellites, defense systems, advanced materials — capital alone isn't enough. Subutai closes that gap by pairing every investment with forward-deployed engineers, dedicated manufacturing capacity, and operational infrastructure.

## What We Deploy

1. **Capital** — Patient, aligned funding from pre-seed through Series B, structured to preserve founder ownership
2. **Engineers** — Forward-deployed teams that embed with portfolio companies from design through production
3. **Infrastructure** — Dedicated manufacturing facilities and supply chain, eliminating millions in capex founders would otherwise need to raise

## For Founders

If you're building a physical product in defense, space, or advanced manufacturing and need more than just capital, Subutai wants to hear from you. Our diligence process is fast, founder-friendly, and focused on technical merit. Contact us at https://subutai-vc-web.web.app/founders

## For Investors (LPs)

Our Capital + Capacity model generates outsized returns by solving the #1 failure mode in hard tech investing — the production gap. LPs get exposure to both venture upside through portfolio company equity and a revenue-generating manufacturing asset. Learn more at https://subutai-vc-web.web.app/investment-thesis

## Pages

- [Home](https://subutai-vc-web.web.app/)
- [The Subutai Doctrine](https://subutai-vc-web.web.app/purpose)
- [For Founders](https://subutai-vc-web.web.app/founders)
- [Investment Thesis](https://subutai-vc-web.web.app/investment-thesis)
- [Team](https://subutai-vc-web.web.app/team)
- [News](https://subutai-vc-web.web.app/blog)
- [Events](https://subutai-vc-web.web.app/events)
- [Contact](https://subutai-vc-web.web.app/zoho)