Xtal

Xtal is a venture capital firm investing in early-stage technology companies. The firm was founded in 2024 by Fiona Leng, who also serves as the General Partner. The San Francisco-based firm specializes in pre-seed and seed-stage investments, with a focus on deep tech and technical founder-led startups. ▪ Investment Focus: Early-stage technology companies, particularly "hard technology" that bridges digital intelligence with physical applications. ▪ Target Founders: Technical entrepreneurs building innovative, complex technology companies. Notable investments include Sunday, Coherence Neuro, Alloy, and Icarus Robotics.