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§ Venture Capital · Chicago, IL, USA
Venture capital firm investing in early-stage deep tech, hard tech, frontier tech startups: quantum, robotics, biotech, space.
Giant Step Capital is a Chicago-based venture capital firm that provides financial backing and strategic mentorship to early-stage startups developing deep tech, hard tech, and frontier technologies. The organization focuses its investment strategy on complex, capital-intensive sectors, specifically targeting emerging companies operating within quantum computing, advanced robotics, biotechnologies, aerospace, and space exploration. Operating primarily through an active AngelList syndicate platform, the firm has successfully deployed approximately $1.6 million in capital across 65 distinct early-stage investment deals over the past twelve months. In October 2024, the organization expanded its financial operations by opening its first dedicated venture fund in the market, supported by a leadership team that includes Managing Director Dr. Poppy Crum and Aerospace Innovation Director Santi Udomkesmalee. Giant Step Capital was officially founded in 2020 by entrepreneur and current General Partner Faraz Khan.
Giant Step Capital has 6 tracked investments across 5 companies. The latest tracked deal is $7.1M Seed in MATERIAL in January 2026.
Giant Step Capital is a venture capital firm specializing in early-stage investments in deep tech, hard tech, and frontier tech sectors. Their mission is to empower visionary founders developing breakthrough technologies that have the potential to revolutionize industries such as quantum computing, advanced robotics, biotechnology, aerospace, and space exploration. The firm invests primarily in seed, Series A, and Series B rounds, providing not only capital but also mentorship, strategic insights, and access to a global network to help startups scale and succeed. Their portfolio includes companies like Perplexity (an AI search engine), Aethero (space-rated computers), and Lumina (electric autonomous construction equipment), reflecting their commitment to transformative innovation[1][2][4].
Founded in 2020 and headquartered in Chicago, Giant Step Capital was established by Faraz Khan, who serves as Founder and General Partner. The firm evolved with a clear focus on supporting frontier and hard tech startups that push technological boundaries. The team includes seasoned technologists, entrepreneurs, and investors, such as Managing Director Dr. Poppy Crum and Innovation Director for Aerospace Santi Udomkesmalee, who bring deep domain expertise. The firm's approach grew from Khan’s extensive experience in venture capital and his operator-first strategy, which has led to over 100 deals and multiple successful exits, including unicorns. This background shaped Giant Step’s emphasis on data-driven decision-making and strategic partnerships with top-tier funds globally[2][3][5].
Giant Step Capital rides the wave of increasing interest and investment in frontier technologies that promise to redefine industries and human capabilities. The timing is critical as advancements in quantum computing, space tech, and biotech are accelerating, supported by growing market demand and government interest. The firm’s focus on hard tech and deep tech addresses a gap where traditional venture capital often hesitates due to longer development cycles and higher technical risk. By backing startups at the forefront of these trends, Giant Step Capital influences the broader ecosystem by enabling technological breakthroughs that can lead to new markets and societal impact, particularly in space exploration and sustainable technologies[1][2][4].
Looking ahead, Giant Step Capital is poised to deepen its influence in the frontier tech space by continuing to back audacious startups with transformative potential. Trends such as the commercialization of space, AI-driven automation, and breakthroughs in material science will likely shape their investment focus. Their strategic partnerships and operator-first approach position them well to capitalize on emerging opportunities and help portfolio companies navigate complex technical and market challenges. As the firm scales, its role as a catalyst for technological revolutions will likely grow, reinforcing its mission to build a bolder future through innovation[3][4][5].