Refactor Capital

www.refactor.com

VCMatch tracks Refactor Capital as an investor focused on Space Tech, Biotech, and Climate/Cleantech companies, Pre-Seed and Seed rounds, United States markets, and $1m to $2m check sizes. Upload your deck to compare your startup against the full private matching profile.

Check Size

$1m to $2m

Stages

Pre-Seed, Seed

Focus Areas

Space Tech, Biotech, Climate/Cleantech

Geography

United States

Investment Thesis

Refactor invests in seed-stage hard tech founders who aim to commercialize real science and scale real systems. The firm believes that ‘the most enduring companies are created by founders willing to commercialize real science and scale real systems.’ They focus on companies solving ‘hard but not impossible problems’ at the intersection of computation and physical sciences, with the goal of refactoring—improving efficiency and scalability—within their respective industries.

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Investment Focus

Who should take a closer look

Refactor Capital is most relevant for founders raising Pre-Seed and Seed rounds in Space Tech, Biotech, Climate/Cleantech, and Energy, especially across United States, with public check-size signals around $1m to $2m.

Focus statement

Refactor invests in seed-stage hard tech companies primarily in the US, typically leading or co-leading pre-seed and seed rounds with $1-2M checks. They target 10% ownership and focus on domains including aerospace, biotech, critical materials, earth systems, energy, and health.

Value Add

Solo capitalist structure - Zal Bilimoria is the only employee, enabling fast decision-making and direct founder access
Personal, hands-on approach: 'I will make your vision and journey my primary focus. Expect highly responsive, one-on-one attention from me'
Deep technical expertise from Zal's background at a16z leading early bio and health investments and helping launch a16z's first Bio Fund
Comprehensive founder support beyond capital including CFO support, communications training, and mental fitness programs
Consistent track record across fund cycles - 4 funds with $225M in AUM, expanding into new hard tech domains nearly every year