Articles from Fitz Gate Ventures
Fitz Gate Ventures (www.fitzgate.com) announced today that it has completed fundraising for its third venture capital fund, with Rice University’s Office of Innovation as one of its anchor investors. Total AUM across Fitz Gate’s three funds is now approximately $70 million. Fitz Gate Ventures III is an early-stage generalist fund with a sub-focus on deep tech. An example of a deep tech investment is the photonic fabric startup Celestial AI which announced this month that it was being acquired by Marvell Technology, Inc. for up to $5.5 billion. Fitz Gate Ventures II led Celestial AI’s seed+ round five years ago.
By Fitz Gate Ventures · Via Business Wire · December 9, 2025