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Hartmann Ventures

We back frontier technologies at the intersection of humans and machines. We invest in founders building AI, AR, and brain–computer interfaces that expand human capability, as well as platforms where AI and user-generated content are reshaping entertainment in gaming, film, and music. We aim to be the first check and double down on our biggest winners as they scale.

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Thesis 1

Extended Reality is the first major platform since the smartphone

VR headset sales mimic the iPhone sales trajectory

Gorilla Tag, the leading VR social game, crosses 10 million players

Meta, Apple, and Google are spending tens of billions of dollars to own the next platform

Thesis 2

Gaming is the new social media

Roblox, Fortnite and Minecraft cumulatively command a daily active userbase of ~117m, similar in size to the population of Japan

Gaming does more revenue than music, movies and sports combined

92% of Gen Alpha play games, and spends the majority of their leisure time on games – 21%, making games the number one source of entertainment for this generation

Thesis 3

GenAI is revolutionizing the creative industry

Games may be fully AI-Generated at run-time in 5-10 years

AI-driven NPCs will redefine RPGs and MMOs

A new creator-economy renaissance will be spawned as the cost and skill barrier of entry to game development is lowered

Our edge

First

Native

Concentrated

First

We believe outsized returns are achieved by discovering talent early. In ~30% of our investments we are the first check in. When we are not first, we are very early.

Myself and my brother always felt like we had an ally in those very early stages of the company, regardless of how tough things got. The reality checks, strategy suggestions, founder guidance, and personal growth support was meaningful and efficient. They have become a team of people I respect and admire, and very much enjoy sharing my time with. Top tier communication, top tier support, top tier people.

Toby Saunders

Co-Founder & CEO, Cathedral Studios

Native

We believe power-users make the best investments. Our investment team is composed of life-long gamers and VR early adopters.

Being an XR founder, it was incredibly refreshing to work with an investment team that is highly educated about spatial computing and our ecosystem. Hartman Capital's deep understanding of the space and visionary approach made a significant difference in our early-stage journey.

Inga Petryaevskaya

Founder, SHAPESXR

Concentrated

We believe that excellence is achieved through concentration. Our network, expertise, and strategic value rises exponentially due to our niche focus.

Hartmann Capital is the most concentrated, connected, and helpful VC in VR. They understand the joys and pains of growing a gaming business in VR. They’ve been able to connect, guide, and coach us as we continue pushing through our journey.

Jonathan Ovadia

CEO, AEXLAB

$30M

NAV

25

Portfolio companies

6

Board seats

Our portfolio

Full portfolio

Fund II

Orchid

Mitigate more risks with the world’s most advanced whole genome screening for embryos during IVF

Founded by Noor Siddiqui, Orchid Health is unlocking a new era of reproductive intelligence through whole-genome embryo screening. By sequencing over 99% of the human genome and applying advanced AI to interpret genetic risk, Orchid enables parents and clinicians to make proactive, data-driven decisions long before birth.

This fusion of genomics and artificial intelligence represents a profound shift—from reactive healthcare to predictive optimization. Orchid stands at the frontier of life sciences, where the code of life itself becomes programmable for healthier generations to come.

Fund II

Neuma

The Input Layer for Human-Machine Communication

Fund II

Oriane

The first AI-powered search engine of the video-first internet

Oriane is built for brands, media, and creators who need to find videos based on the content. Not just metadata.

Fund II

Respeecher

AI voice synthesis platform trusted by major entertainment studios

Respeecher captures the premium segment of the synthetic voice market, projected to reach $23B by 2034
Working relationships with every major studio plus A-list talent including Tom Hanks, Will Smith, Mark Hamill, James Earl Jones, Elvis Presley, and estates of Stan Lee and Chris Farley

Fund II

Ludis Analytics

AI-native platform for data science teams of any size

The "Figma for data science" combines AI code generation, ETL automation, secure deployment, and interactive dashboards into a single collaborative, cloud-native solution.
Non-technical users can now perform advanced analytics while maintaining technical depth, eliminating the need for $300K+ engineering resources.

Fund I

Cathedral Studios

Cutting Edge Game Studio

Over 324,000 Steam users have wish-listed their game, The Bornless, while 85,000 players have signed up for early access.
Their second initiative, LaunchForge, is an AI-powered publishing platform designed to help game developers maximize visibility, user acquisition, and revenue through data-driven marketing optimization.

Fund I

SPV

Neurable

Brain-Computer Interface Operating System

Recognized as a 2024 Technology Pioneer by the World Economic Forum for its Brain OS platform, which powers AI-driven consumer products like the MW75 Neuro headphones.
8-time CES award winner including the CES Innovation Award, Best of Wearables, and Best of CES.
Secured seven-figure DoD contracts, sold out initial product runs, and is forming partnerships with major electronics manufacturers.

Fund I

ShapesXR

Design and Collaboration Platform for 3D and Immersive Content

ShapesXR allows designers to easily create in 3D without prior experience in game engines, import various types of assets (such as 3D models, Figma UI, or sound files), and create interactive prototypes without the need for any coding.
Meta is designing and prototyping its new augmented OS in ShapesXR, Microsoft has been using ShapesXR for volumetric apps for Quest, Chanel has used the platform as a visual prompt for their AI to build the new dresses collection.

Fund I

DressX

Digital and Avatar Fashion Technology

80M+ DressX assets have been distributed to its user base.

Its GenAI technology allows users to create custom digital fashion looks from text prompts or “inspiration” reference images and get virtually dressed in seconds, further blurring the lines between imagination and virtual reality.

‍

Fund I

LIV

Industry Standard for VR Video Capture

Users have generated over 50 million recordings on VR headsets since December of 2024.
Over 10% of all Meta Quest headsets sold have used LIV to record experiences.

Fund I

AEXLAB

Studio Behind VAIL, the Leading Multiplayer Shooter in VR

#10 Most rated VR app.
1.6M lifetime installs on Meta Quest.

Team

Felix founded Hartmann Capital in 2018 at the age of 23, launching one of the earliest crypto hedge funds directly from his bedroom. Starting with around $200k, he scaled Hartmann Capital into a ~$50 million frontier tech investment firm. Initially making his mark as a multi-strategy digital asset manager, Felix repeatedly achieved top-3 industry rankings between 2020 and 2023 (Source: Galaxy VisionTrack). Since 2022, he has expanded into early-stage venture investing, positioning Hartmann Capital in the top decile of its vintage cohort by IRR, TVPI, and DPI (Source: Carta VC Fund Performance Report). Felix also serves strategically on the boards of ShapesXR, TrippVR, Squido, Sinn, and Cathedral Studios. Beyond investments, Felix actively explores longevity science and writes dystopian fiction.

Felix Hartmann

Managing Partner & CIO

Daniel joined Hartmann Capital in 2021, specializing in the intersection of AI and game tooling at Hartmann Ventures. He sourced Cathedral Studios (2022), a horror shooter with 300,000+ wishlists that became a portfolio standout, and led investment in Ludus AI, an Unreal Engine Co-Pilot to democratize game development. Daniel's sourced investments include Shapes XR, Cognitive 3D, Ludus AI, Neurable, Sloyd, Zibra AI, and Cathedral Studios. Outside work, he explores AI tools and experiments with Unreal Engine and Unity development.

Daniel Derzic

Investment Team

JP joined Hartmann Capital in 2020, focusing on VR/AR, gaming tech, and creative tools. He sourced deals like Flat2VR, bringing top gaming IP into VR, and Mentra, creators of the first open-source AR OS. JP is deeply embedded in the VR ecosystem, actively supporting founders and speaking across industry events, including AWE, and is published on top VR research sites like Road2VR & MIXED Reality News. JP also has a popular YouTube channel focused on XR & Gaming.

JP Minetos

Investment Team

Anand has over 20 years of tech experience spanning developer platforms, marketplaces, enterprise SaaS, and AR/VR. After graduating from MIT, he co-founded a Y Combinator and Andreessen Horowitz-backed virtual desktop startup, acquired in 2014. He later joined Postmates as an early employee, helping scale it to nearly $1B GMV and raise $100M in Series D funding. At Meta, Anand led developer platforms for Workplace and now drives VR/MR content expansion across enterprise, productivity, wellness, education, and more—partnering with top developers and brands.

Anand Dass

Advisor

Roberto is an entrepreneur, content creator and the Founder of Metav3rse – Instagram’s largest crypto and metaverse-focused page -- and Eluna.ai, a leading AI product suite designed to streamline productivity and elevate creativity. Roberto previously founded MuseWorks -- a boutique software development studio focusing on building mobile creativity software, media platforms & social-first brands.

Roberto Nickson

Venture Partner

Research Vault

Show all

The AI Revolution Reshaping Gaming | Q3 2025 Report

Investment Memo

AI’s New Interface: Smart Glasses, the Shift Beyond Screens, and Why We Backed Mentra

Investment Memo

PlaySafe ID: The Identity Infrastructure for Games

AI Agents Will Run Your Business— Sooner Than You Think

GenAI in Gaming Industry Report: Q1 2025

Creator Economy 2.0: How AI Turns Players into Creators

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