Top 10 Venture Capital Firms Investing in Infrastructure Startups

For founders in Infrastructure, finding the right investors is a critical part of fundraising. Whether your business is in climate tech, logistics, or real estate technology, connecting with a venture capital firm that truly understands your market is essential.

To help you identify the right partners, our team has curated this guide to the top VC firms investing in the space. Think of it as a starting point for your research, designed to help you find investors who are a great fit for your company.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho provides access to business banking, corporate cards, and bill pay—all built for startup teams moving fast.

Key Takeaways

• For startups in the infrastructure sector, securing venture funding provides the capital needed for long-term research and development, market expansion, and building a strong team.
• Leading venture firms in the infrastructure industry include SineWave Ventures, Blue Bear Capital, Heavybit, and Suffolk Technologies, all notable backers of growing companies in the space.
• Once you've secured funding, Rho helps you manage your capital with integrated business banking, corporate cards, and automated bill pay.

Which VC Firms in Infrastructure Are Right for Your Stage?

Whether your company is in its early days or preparing for an exit, knowing who to approach is key. To help, we've put together a quick summary of infrastructure-focused VC firms and the stages they invest in.

Pre-seed and Seed VC Firms in Infrastructure

Pre-seed and seed funding is the earliest capital you'll raise, typically used to validate your idea and build an initial product. For founders in developer or urban tech infrastructure, firms like Heavybit and Socii Capital are active at this stage, while SpaceVC focuses specifically on pre-seed to Series A space tech companies.

Early Stage VC Firms in Infrastructure

Early-stage funding, which includes Series A and B, is for startups with proven market traction that need capital to scale their team and expand their market presence. Some well-known early-stage venture capital firms in infrastructure include Suffolk Technologies, which backs construction and real estate technology, and SHAKTI, which invests in AI and robotics infrastructure.

Late Stage VC Firms in Infrastructure

Late-stage rounds provide growth capital to established companies preparing for a major milestone, such as an IPO or acquisition. Among the major venture capital firms that participate in late-stage deals are SineWave Ventures, with a portfolio of public companies, and Blue Bear Capital, a key investor in energy and cleantech venture capital.

It's also worth noting that many venture capital firms invest across multiple stages, from seed to exit.

If you're looking for non-dilutive financing, Rho Capital can connect you with venture debt and credit line options tailored to your company's stage.

To help you find the right investment partner, here is a closer look at the top VC firms in the infrastructure space. We've included key details on their investment stages, geographic focus, and what makes each one a strong potential fit for founders.

1. SineWave Ventures

Based in Arlington, Virginia, SineWave Ventures invests in technology companies that serve both commercial and public sector markets. The firm provides capital to businesses from their early stages through to later growth rounds, acting as a long-term partner.

A key part of their strategy is backing companies with strong technical foundations, evident in their portfolio which includes AI security leader SentinelOne and data platform Databricks. This focus suggests they value deep technology with the potential for wide adoption across different industries.

SineWave Ventures is a strong potential match for founders building enterprise-grade technology, particularly in AI, data infrastructure, and security. Their ability to invest across multiple stages makes them a good fit for teams looking for a financial partner to support them as they scale.

Once you secure a term sheet, managing your new capital is the next step. Rho’s platform offers integrated banking, corporate cards, and payments to help you deploy funds efficiently.

• Investment stages: Early and late stage venture
• Industries of focus: Enterprise software, IT, infrastructure, and financial services
• Geographical presence: Based in Arlington, Virginia
• Founded: 2015
• Notable portfolio companies: SentinelOne, Databricks, Evolv Technology, Clarifai
• Portfolio size: 44 investments

You can refer to their website here.

2. Blue Bear Capital

Blue Bear Capital invests in companies applying AI and data-driven technology to the energy and industrial sectors. Based in Los Angeles, the firm backs businesses that are modernizing critical infrastructure.

Their portfolio highlights a focus on tangible, real-world applications, from EV charging with FreeWire Technologies to fuel efficiency systems from TruckLabs. This shows a preference for companies with strong technical solutions that address major industrial challenges.

Blue Bear Capital is a good fit for founders building software or hardware for the energy, cleantech, and industrial markets. Since they invest from seed to late stage, they can be a valuable partner for the entire company lifecycle.

For companies in capital-intensive sectors like energy and infrastructure, managing cash flow is key. Once you've raised capital, Rho provides integrated tools for banking, corporate cards, and spend management to keep your operations running smoothly.

• Investment stages: Seed, early, and late stage venture
• Industries of focus: CleanTech, Energy, Industrial, Infrastructure, Renewable Energy
• Geographical presence: Based in Los Angeles, California
• Founded: 2016
• Notable portfolio companies: FreeWire Technologies, TruckLabs, Ocient
• Portfolio size: 67 investments

You can refer to their website here.

3. Heavybit

Heavybit is a San Francisco-based venture capital firm that has carved out a niche as a leading investor in "dev-first" companies. They focus on startups building tools, platforms, and infrastructure specifically for software developers.

The firm is distinguished by its deep commitment to helping technical founders succeed, a claim supported by its impressive portfolio. They have backed several industry-defining companies, including DevOps platform PagerDuty and developer-security unicorn Snyk.

Heavybit is an ideal partner for founders creating highly technical products aimed at the developer community. Their expertise is particularly suited for startups in API-first, cloud infrastructure, and enterprise software markets.

Once you secure funding from a partner like Heavybit, our integrated platform helps you manage your new capital. Rho provides business banking, corporate cards, and automated payments to keep your operations efficient.

• Investment stages: Seed, early, and late stage venture
• Industries of focus: Developer APIs, Cloud Infrastructure, Enterprise Software, AI
• Geographical presence: Based in San Francisco, California
• Founded: 2013
• Notable portfolio companies: PagerDuty, CircleCI, Netlify, LaunchDarkly, Snyk
• Portfolio size: 96 investments

You can refer to their website here.

4. Suffolk Technologies

Suffolk Technologies is a Boston-based venture capital firm that funds companies solving challenges in the built environment. They back the next generation of startups in construction, real estate, and infrastructure technology.

The firm has a clear focus on modernizing physical industries, backing companies with tangible products and services. Their portfolio includes construction robotics company Canvas and EquipmentShare, a platform for construction equipment rentals.

This makes Suffolk Technologies a strong potential partner for founders building technology for the construction and real estate sectors. If your company is focused on green building, smart infrastructure, or automation, their team has relevant expertise.

After you've secured your funding, our platform helps you put that capital to work with integrated banking, corporate cards, and automated payments.

• Investment stages: Early and late stage venture
• Industries of focus: Construction, Real Estate, Green Building, Infrastructure, Smart Building
• Geographical presence: Based in Boston, Massachusetts
• Founded: 2019
• Notable portfolio companies: EquipmentShare, Canvas, Measurabl, Diamond Age
• Portfolio size: 41 investments

You can refer to their website here.

5. SHAKTI

SHAKTI is an early-stage venture capital firm based in San Francisco that invests in technology companies. They focus on sectors like artificial intelligence, robotics, and infrastructure.

The firm has a track record of backing companies that achieve significant scale, including decacorns like Canva and Bolt. Their support for companies like Cambly from seed to Series B shows a commitment to partnering with founders through critical growth phases.

SHAKTI is a strong match for founders building ambitious tech companies in AI and robotics, especially those with consumer applications. For founders who also need non-dilutive financing, Rho Capital can connect you with venture debt and credit line options to complement your equity round.

• Investment stages: Early stage venture
• Industries of focus: Artificial Intelligence (AI), Consumer Applications, Infrastructure, Robotics
• Geographical presence: Based in San Francisco, California
• Founded: 2020
• Notable portfolio companies: Canva, Backblaze, Bolt, Gatik.ai
• Portfolio size: 26 investments

You can refer to their website here.

6. Moment Ventures

Based in Palo Alto, Moment Ventures is an early-stage venture capital firm that invests in companies shaping the future of work. They back startups building foundational technology in areas like infrastructure, robotics, and financial services.

The firm’s portfolio shows a clear focus on companies with practical, real-world applications, from Savioke’s service robots to Flowspace’s logistics network. This suggests they value businesses solving concrete problems, as seen in their investment portfolio.

Moment Ventures is a strong potential partner for founders building technology that redefines how industries operate. Once you secure funding, our platform helps you manage your new capital with integrated banking, corporate cards, and automated payments.

• Investment stages: Seed, early, and late stage venture
• Industries of focus: Future of Work, Infrastructure, Robotics, Financial Services, Internet of Things
• Geographical presence: Based in Palo Alto, California
• Founded: 2013
• Notable portfolio companies: World View, Savioke, Flowspace, AltoIRA
• Portfolio size: 49 investments

You can refer to their website here.

7. Socii Capital

Socii Capital is a San Francisco-based venture firm that invests in companies building software-enabled digital infrastructure. They focus on seed and early-stage startups, providing the initial capital needed to develop and launch new products.

The firm’s portfolio signals a strong interest in businesses with deep technical foundations, especially in AI and data. Their investment in Casetext, an AI legal research platform acquired for $650 million, underscores their ability to back companies toward major exits.

Socii Capital is a strong potential partner for founders creating software-first companies in fintech, AI, and enterprise infrastructure. For founders who also need non-dilutive financing, Rho Capital can connect you with venture debt and credit line options to complement your equity round.

• Investment stages: Seed, early stage venture
• Industries of focus: FinTech, Infrastructure, Software
• Geographical presence: Based in San Francisco, California
• Founded: 2016
• Notable portfolio companies: Casetext, Lunar, Golden, Vellum
• Portfolio size: 26 investments

You can refer to their website here.

8. Space.VC

Based in Austin, Texas, Space.VC is a venture capital firm that backs founders in the space technology sector. They primarily invest in companies from the pre-seed to Series A stages, providing critical early funding.

The firm's focus is squarely on space tech, with a portfolio that includes satellite communications, in-orbit manufacturing, and launch providers. Their backing of major players like SpaceX and Loft Orbital shows a clear strategy of investing in companies building foundational space infrastructure.

Space.VC is an excellent match for founders building highly technical companies in the space industry, from satellite networks to new launch systems. If you're raising an equity round and also need non-dilutive financing, Rho Capital can connect you with venture debt and credit line options.

• Investment stages: Pre-seed to Series A
• Industries of focus: Space Tech, Satellite Communication, Software, Infrastructure
• Geographical presence: Based in Austin, Texas
• Founded: 2021
• Notable portfolio companies: SpaceX, Loft Orbital, Space Forge, Pixxel
• Portfolio size: 28 investments

You can refer to their website here.

9. Jump Crypto

Jump Crypto is a Chicago-based firm dedicated to building and financing infrastructure for the cryptocurrency and Web3 sectors. They actively invest across the ecosystem to support the growth of blockchain technology.

The firm's portfolio shows a clear emphasis on foundational protocols, backing high-profile Layer-1 networks like Aptos and Sui. Their involvement in projects from seed stage through to private equity signals a capacity to support companies across their entire lifecycle.

Jump Crypto is a strong fit for founders building core infrastructure for the blockchain and Web3 space, particularly those creating new Layer-1 networks or modular solutions. For founders who also need non-dilutive financing, Rho Capital can connect you with venture debt and credit line options to complement your equity round.

• Investment stages: Seed, early, and late stage venture, ICO, private equity
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Infrastructure, Web3
• Geographical presence: Based in Chicago, Illinois
• Founded: 2015
• Notable portfolio companies: Aptos, Sui, Celestia, Injective
• Portfolio size: 97 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Infrastructure Companies

The venture capital environment for infrastructure companies is both broad and well-balanced. Our list shows investors are active across all funding stages, from pre-seed to late-stage growth. This means that whether you are just starting out or preparing to scale, there are potential financial partners available. The term 'infrastructure' itself is interpreted widely, covering everything from developer tools to construction tech, so finding a firm that understands your specific market is key.

As you plan your fundraising, remember that equity isn't the only option. Rho Capital can connect you with non-dilutive financing like venture debt to complement your round. Once your funding is secured, our integrated platform—with business banking, corporate cards, and automated bill pay—helps you manage and deploy that capital efficiently.

Raise Confidently with Rho

Having a focused list of relevant investors is invaluable when your time and energy are limited during a fundraise. We hope this guide gives you a strong starting point for finding the right financial partners for your company.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. Our team is here to support you as you secure the capital needed for your next stage of growth.

We help founders access financing tailored to their business model without chasing lenders or signing legacy terms. Once capital is secured, our integrated tools—business banking, corporate cards, and automated bill pay—help you manage and deploy funds efficiently.

FAQs about Venture Capital Firms Focused on Infrastructure

Which US cities are hubs for infrastructure venture capital firms?

Key hubs include San Francisco for developer tools and AI, Boston for construction tech, and Los Angeles for energy innovation. Other cities like Austin, Chicago, and New York also have a strong presence of specialized infrastructure investors.

What do early-stage climate tech VC firms look for?

These firms seek companies with strong technical foundations and a clear path to commercialization. They prioritize solutions that can scale to address significant environmental challenges, showing both market potential and a measurable impact for their technology.

Are there VCs that only fund real estate technology?

Yes, many firms specialize in real estate and construction tech. Investors like Suffolk Technologies focus on this area, backing startups that modernize the built environment with new software, materials, or robotics to improve efficiency and sustainability.

How can I find the most active venture capital firms?

Research industry reports, track recent funding announcements in your sector, and use professional networks. Our guide is a great starting point, but staying current on market activity will help you identify the most relevant and active investors.

What if I need capital but want to avoid dilution?

Equity isn't your only path. Rho Capital connects you with non-dilutive funding options like venture debt and credit lines. We help you access financing tailored to your business model without giving up more of your company.

How can Rho help my startup manage its funding?

Once you secure capital, our integrated platform helps you manage it effectively. With business banking, corporate cards, and automated bill pay in one place, you can deploy funds efficiently and focus on growth. Get started with Rho.