Giant Step Capital
Giant Step Capital is an American venture capital firm founded by Faraz Khan, its general partner, focused on deep tech, hard tech and frontier tech, especially space exploration and space technology. Its portfolio includes Varda Space IndustriesVarda Space IndustriesVarda Space Industries is a space and microgravity life sciences company headquartered in El Segundo, California. It builds its own W-Series satellites and reentry capsules, processes pharmaceuticals and other materials in the microgravity of low Earth orbit and returns them to the ground in its capsules, and also provides a hypersonic reentry flight test platform for the U.S. military and NASA. The company was founded by Will Bruey and Delian Asparouhov; as of October 2026 it had raised $598 million in total.Open the full entry, K2 Space, Albedo and Perplexity; its management entity, Giant Step Management, LLC, is based in Chicago, Illinois.
Contents6 sections
Key facts
2024Giant Step Management Registers as an Exempt Reporting Adviser
Giant Step Capital’s management entity, Giant Step Management, LLC, is a Delaware limited liability company, with founder Faraz Khan as its manager and member since July 2024. It has been an exempt reporting adviser in Illinois since December 13, 2024, and with the U.S. Securities and Exchange Commission since January 27, 2026 (file number 802-135428), with its office in Chicago.[1][1][2][2][2][2]
January 27, 2026Form ADV Reports Two Private Funds
In its Form ADV annual amendment filed on January 27, 2026, Giant Step Management reported advising two private funds: Ellington III, a series of Giant Step Capital Specials, LP, with a gross asset value of $10,692,523 at filing, and Stardust Fund I, LP, with a gross asset value of $15,574,458. Both funds are organized under Delaware law.[1][1][1][1][1][1]
September 30, 2026Participates in Varda Space Industries’ Series D
Giant Step participated in Varda Space Industries’ $251 million Series D led by Lux CapitalLux CapitalLux Capital is a U.S. venture capital firm founded in 2000 by Peter Hébert, Josh Wolfe and Robert Paull, with offices in New York and Silicon Valley. Focused on emerging science and technology, the firm backs companies in fields including life sciences, artificial intelligence, robotics, manufacturing, aerospace and defense through fund investments and by helping to found companies.Open the full entry and Natural Capital. Varda is also listed in Giant Step Capital’s portfolio on its website, whose news section has reposted coverage of Varda including its 2020 seed round.[3][4][4][5]
Investment Focus and Team
Giant Step Capital describes its focus as deep tech, hard tech and frontier tech, from quantum computing and advanced robotics to breakthrough biotechnologies, with a stated mission of investing in the advancement of space exploration and technology; beyond capital, it offers founders insights, mentorship and a global network.[4][4][6][4]
Its team includes founder and general partner Faraz Khan, managing director Dr. Poppy Crum, and Panos Prezas, who covers battery technology and energy storage.[4]
Portfolio companies listed on its website include AI search engine Perplexity, space computer maker Aethero, electric autonomous construction equipment company Lumina, autonomous underwater vehicle company Amidon Heavy Industries, neurotechnology company Humanity Neurotech, genetic testing company Nucleus and autonomous systems platform Picogrid, as well as Varda Space Industries, K2 Space, Albedo, REGENT and Max Space.[4][4][4][4][4][4][4][4][4][4][4]
Related Organizations, Websites, and Public Accounts
Giant Step Capital: Official website: https://www.giantstep.vc/ (opens in a new window).[1]
X: Public account: https://x.com/GiantStepVC (opens in a new window)[1][4]
LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/giantstepcapital (opens in a new window)[4]
Sources
- Form ADV: Giant Step Management, LLC (opens in a new window)
- GIANT STEP MANAGEMENT, LLC (opens in a new window)
- Varda Announces $251 Million Series D to Scale Space-Based Pharmaceutical Processing (opens in a new window)
- Giant Step Capital - Innovation Beyond Boundaries (opens in a new window)
- Giant Step Capital (opens in a new window)
- Contact Giant Step Capital (opens in a new window)