MFV Partners

MFV Partners (legally Mobile Foundation Ventures) is an early-stage deep-tech venture capital firm founded in 2018 and based in Los Altos, California. The firm was established by Founding Managing Partner Karthee Madasamy, who spent eleven years as a corporate VP and Managing Director at Qualcomm Ventures before launching MFV. The investment team also includes Chairman and Partner Ashish Gupta and Partner Dr. Ruchi Dana. MFV invests exclusively in deep tech transforming physical industries, concentrating on core AI, robotics, sensors, computer vision, smart manufacturing, ag-tech, quantum computing, IoT, and energy transition. The firm explicitly avoids fintech, digital media, and marketplaces. Typical stages are seed and Series A, with check sizes between $500,000 and $3 million and a sweet-spot of approximately $1.5 million. MFV leads rounds. Over its first seven years the firm has made approximately 14 investments, including PsiQuantum (optical quantum computing, $1 billion round at a $7 billion valuation backed by NVIDIA), Agility Robotics (humanoid robotics), Chef Robotics (food-assembly systems that have packaged more than 30 million meals), SUN Mobility (battery-swap infrastructure with more than 20 million swaps across 1,000+ stations globally), Rescale (high-performance computing), and Ati Motors ($20 million Series B). In February 2025 MFV led a round in OpenInfer, an edge AI compute company. In May 2025 MFV also launched Harper Court Ventures Fund I, a $25 million pre-seed and seed vehicle in exclusive partnership with the University of Chicago to commercialize quantum, AI, energy, and life-sciences research. MFV's approach is deliberately narrow and thesis-driven, backing companies that solve hard engineering problems with durable competitive moats. The team's deep roots in semiconductor and wireless technology give portfolio companies credibility and access when engaging with large industrial and enterprise customers.