Overlap Holdings Launches Flagship Fund, Bringing a Novel, Capital-First Approach to Frontier Tech | PR Newswire [Video]

Led by Wall Street veteran Justin Stevens, the fund guides startups solving the world’s biggest problems through their funding journey

, /PRNewswire/ — Overlap Holdings, a venture capital firm harnessing elements of Wall Street and Silicon Valley, today announced the final close of its first fund, Overlap Holdings Flagship Fund 1 (OHF1). The inaugural fund of $33 million will exclusively invest in early-stage (Seed through Series B) startups building technologies at the intersection of scientific innovation and hardware. The firm invests in frontier tech sectors such as Energy, Life Science, Materials Science, Space, Robotics, and Semiconductors.

Justin Stevens, a former Senior Partner at Apollo Global Management who spent nearly two decades in private equity, founded Overlap Holdings after observing the value his Wall Street wisdom and connections brought to startups struggling through their funding journeys. Frontier tech companies, in particular, require creative financing to bridge the “valleys of death” inherent to early development stages. Their capital intensity …