Deep Tech · VC Firm
Future Labs Capital
Louisville-area micro VC that turned an MIT CSAIL Alliances affiliation into a quantum track record: earliest backer of Atlantic Quantum (acquired by Google Quantum AI, Oct 2025) and lead investor in qBraid, though its recent checks have tilted toward MIT-adjacent AI and life sciences.
Investment thesis
Louisville/Jeffersonville-based micro VC (Fund I: $65M target, $22.6M closed per Apr 2024 SEC Form D/A, 19 LPs) founded by serial entrepreneur Mack Shwab, investing in quantum computing and AI at the earliest stages.
Sourcing engine is its MIT CSAIL Alliances affiliation: Shwab met Atlantic Quantum's founders in Prof. William Oliver's MIT quantum course and became the company's earliest backer, then participated in its $9M seed led by The Engine (Jul 2022). Atlantic Quantum was acquired by Google Quantum AI in Oct 2025, the firm's flagship exit.
Led qBraid's Feb 2024 round (undisclosed), its other live quantum position; qBraid remains active (NSF POSE grant Sep 2025, 20K+ platform users).
Recent deployment has tilted to MIT-adjacent AI and deep tech rather than quantum: AssayQuant (Mar 2024), DeepKinetix (Mar 2025), Advanced Silicon Group (co-led, 2026), Inkbit, Foundation EGI.
Anti-thesis
The patterns that trigger a fast no with this fund.
- Tiny fund with concentrated key-person risk (one public partner, Mack Shwab) and no quantum-specific deal sourced since Feb 2024
- The quantum thesis now rests on a single live position (qBraid) after the Atlantic Quantum exit
- Self-reported metrics ($200M 'AUM and supervision', 10X returns) are unverified marketing; SEC filings show $22.6M actually raised
- Recent deployment is AI/life-sciences-heavy, so a quantum founder may be competing with non-quantum deals for a small pool of capital
Notable quantum portfolio
Full portfolioFrequent co-investors
- The Engine
- Glasswing Ventures
- E14 Fund
- Tenon Ventures