Idealabx

IdealabX is a venture capital firm located in New York, specializing in investments in early-stage startups. The firm focuses on companies that are addressing significant challenges across various sectors, including energy, artificial intelligence, mobility, and advanced manufacturing. By targeting these innovative fields, IdealabX aims to support entrepreneurs and facilitate the development of solutions that have the potential to create substantial impact in the world.
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Allen Morgan

Co-Founder and Managing Director

6 past transactions

Intramotev

Series A in 2024
Intramotev designs and manufactures autonomous electric cargo trains for efficient freight transportation. Their vehicles operate autonomously using battery power, reducing emissions compared to diesel alternatives. They are designed to integrate seamlessly into existing rail systems, serving mines, manufacturing facilities, ports, and other specialized private railroads.

CarbonCapture

Series A in 2024
CarbonCapture is a climate technology company focused on developing direct air capture (DAC) machines designed to extract carbon dioxide from the atmosphere. The company aims to combat climate change by utilizing innovative molecular sieves and harnessing low-cost renewable energy sources, such as solar power. Its systems are equipped with advanced AI controllers to optimize performance and efficiency, allowing for large-scale and cost-effective CO2 removal. By providing these solutions, CarbonCapture enables clients to significantly reduce their carbon emissions and contribute to a more sustainable future.

UpdateAI

Seed Round in 2023
UpdateAI specializes in artificial intelligence solutions that enhance customer interactions for SaaS companies. The company has developed a platform that automatically captures and summarizes key information from customer calls, focusing on follow-ups and next steps. This technology empowers customer-facing teams to improve their efficiency by eliminating the need for manual note-taking, allowing them to concentrate on fostering relationships and driving business growth. By preventing churn and facilitating revenue growth, UpdateAI helps organizations build and maintain valuable institutional knowledge.

Beek

Series A in 2023
Beek is developing the leading audio platform in Latin America, aiming to become the Netflix for spoken word audio among the region's over 480 million native Spanish speakers. The company offers a subscription-based service providing access to a wide range of audiobooks, podcasts, meditations, and other audio content.

Intramotev

Venture Round in 2022
Intramotev designs and manufactures autonomous electric cargo trains for efficient freight transportation. Their vehicles operate autonomously using battery power, reducing emissions compared to diesel alternatives. They are designed to integrate seamlessly into existing rail systems, serving mines, manufacturing facilities, ports, and other specialized private railroads.

Intramotev

Pre Seed Round in 2021
Intramotev designs and manufactures autonomous electric cargo trains for efficient freight transportation. Their vehicles operate autonomously using battery power, reducing emissions compared to diesel alternatives. They are designed to integrate seamlessly into existing rail systems, serving mines, manufacturing facilities, ports, and other specialized private railroads.
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