Investing in Industrial Evolution, the technology that moves our enterprise and industrial capabilities forward.


"Hungry dogs run faster."

We look to partner with mission-driven founders with intense founder-problem-fit - that is, high alignment between a founder's core skill set against the critical needs of their endeavor. From our experience, these are the founders that execute with desperate urgency and are guided by extreme competency.


Innovation can manifest in many forms; it can emerge from slow burns or rapid breakthroughs. After investing in over 300 startups collectively, we have seen too many venture capital investors getting stuck in stale and rigid thinking, defaulting to pattern-matching, and ultimately risk-protecting themselves away from some of the most innovative startups around.

We built Fourth Realm to support and capitalize on these opportunities


Fieldguide Wins CPA Practice Advisor Technology Innovation Award for the Third Year in a Row
by CPA Practice Advisor
September 6, 2023

Fieldguide AI is the industry’s first secure and private AI solution that helps firms future-proof their business. The new solution allows firms to securely leverage the latest AI innovations to significantly reduce the manual work associated with engagements, so that staff members can focus on more critical and higher margin work. With the latest Fieldguide AI features, firms can increase engagement quality, margins, and staff retention, while allowing practitioners to leverage their professional expertise in more productive ways...

Twitter Reportedly Acquires Job Platform Laskie In First Major Deal Under Musk
by Forbes
May 16, 2023

Twitter’s recently formed parent company X Corp. has reportedly acquired tech hiring platform Laskie—if confirmed, it would be the firm’s first acquisition since Elon Musk bought Twitter, which he has vowed to transform into a so-called “everything app.”...

Universal Hydrogen Successfully Completes First Flight of Hydrogen Regional Airliner
by Business Wire
March 2, 2023

Universal Hydrogen Co., this morning flew a 40-passenger regional airliner using hydrogen fuel cell propulsion. The airplane, nicknamed Lightning McClean, took off at 8:41am PST from Grant County International Airport (KMWH) and flew for 15 minutes, reaching an altitude of 3,500 MSL. The flight, conducted under an FAA Special Airworthiness Certificate, was the first in a two-year flight test campaign expected to culminate in 2025 with entry into passenger service...

Zap Energy nets $160M Series C to advance its lightning-in-a-bottle fusion tech
by TechCrunch
June 22, 2022

Fusion startup Zap Energy has reached two milestones that could nudge it ahead in the race to offer low-cost, carbon-free energy — a $160 million Series C round and a successful test of a prototype fusion reactor that could pave the way to a commercial version...

Fourth Realm: Year-in-Review 2021
by Kendrick Kho
May 2, 2022

We launched Fourth Realm formally in 2020, with 2021 marking our first full year of investing in amazing entrepreneurs. We see ourselves (in our journey to build an enduring venture capital firm) as entrepreneurs too, constantly learning and iterating on what makes Fourth Realm uniquely special to both LPs and founders...

Superconductive, creators of Great Expectations, nabs $40M for a commercial version of its open source data quality tool
by Techcrunch
February 10, 2022

Data quality — the practice of testing and ensuring that the data and data sets you are using are what you expect them to be — has become a key component in the world of data science. Data may be the “new oil”; but if it’s too crude, you may not be able to use it. Today, a startup building tools to make it easier to measure and ensure the quality of the data you are using is announcing some funding, a sign of how attention has been shifting to this area. Superconductive — a startup best known for creating and maintaining the Great Expectations open source data quality tool — has raised $40 million...

Universal Hydrogen Secures Additional $62 Million in Financing to Accelerate First Test Flight of Hydrogen-Powered Regional Aircraft to 2022
by Geekwire
May 19, 2021

Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced a funding round yielding $62 million in new capital. New investors in the round include Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff’s 75 and Sunny Ventures...

Seattle startup Zap Energy lands $27.5M to build commercial fusion reactor without magnets
by Geekwire
May 19, 2021

Founded in 2017, the Seattle-based startup has built a reactor that can stabilize plasma by using sheared flows — fluid flow caused by forces — versus magnetic fields. The idea is to reduce the cost of and shorten the path to low-carbon commercial fusion energy. Zap traces its roots to research done at the University of Washington and Lawrence Livermore National Laboratory. Conway previously worked for the British Foreign and Commonwealth Office...

Fourth Realm: Year-in-Review 2020
by Jack Coleman
February 3, 2021

We don’t need to rehash the hardships that 2020 brought on everybody. Instead, we want to highlight the positives that we witnessed — specifically, the resilience and the courage of those entrepreneurs we met who, despite going through one of the worst economic periods globally since the Great Depression, could not resist their entrepreneurial calling, choosing to leave the safety of their jobs and embark on their startup journeys...