How David Seldin Built Anzu Partners Into a Deep-Tech Specialist

A venture investor's biography usually reads as a straight line from business school to a single investing career. David Seldin's reads more like a serial operator's résumé, one that happens to have led him to co-found a deep-tech investment firm after three decades of building, buying and selling businesses across entirely different industries.

Anzu EnCharge Series C, LP filed today with $5.76 million raised, a single-company vehicle structured to channel capital into EnCharge AI, the in-memory computing chipmaker. David Seldin co-founded and serves as managing partner of Anzu Partners, the deep-tech investment firm behind the vehicle. Seldin has more than thirty years of transactional and management experience: he has founded, purchased, developed, financed and sold multiple businesses, founded and sold sports teams, built stadiums, directed complex litigation, and bought and sold buildings and land parcels, beginning his career as a consultant and later a manager at The Boston Consulting Group in its Chicago office. Anzu Partners has previously led EnCharge AI's Series A and participated in its subsequent institutional rounds, and the firm closed its own second dedicated venture capital fund at $190 million.

Why a Single-Company SPV Signals Continued Conviction

Structuring today's filing as a dedicated single-company vehicle for EnCharge AI, rather than deploying capital through Anzu's broader flagship fund, is a structure typically used when an investor wants to let specific limited partners double down on a company they already know well without diluting that conviction across an entire fund's other positions. Anzu having led EnCharge AI's original Series A and continued participating through the company's subsequent rounds means this SPV represents a multi-round relationship rather than a new entrant simply chasing a hot deal, a distinction that matters to limited partners deciding whether to participate in a deal-specific vehicle.

What a Thirty-Year Operating Career Brings to Deep-Tech Diligence

Deep-tech investing, backing companies building genuinely novel hardware or materials rather than application-layer software, typically rewards investors who have direct experience with the operational complexity of scaling physical businesses. Seldin's background spanning business founding, real estate, sports franchises and complex litigation gives him a breadth of operational pattern-recognition that extends well beyond a typical venture career, a useful asset when evaluating companies like EnCharge AI that must navigate manufacturing, supply chain and capital-intensity challenges a pure software investor rarely encounters.

Why EnCharge AI's Repeat Backing Matters for the Category

EnCharge AI's in-memory computing approach targets a well-known bottleneck in AI hardware, moving data between memory and processing units, a problem compute-intensive AI workloads make increasingly costly to ignore. An investor like Anzu continuing to back the same company across multiple rounds, rather than a single opportunistic check, signals a level of technical conviction in the underlying approach that a new, first-time investor entering at a later round would need considerably more diligence to match.

Why a Thirty-Year Career Investor Still Values a Term Sheet's Fine Print

Even an investor with Seldin's breadth of operating experience still relies on the same fundamental mechanics every venture capitalist uses to protect a position, board rights, pro-rata provisions, and the terms spelled out in a company's term sheet. What a career this varied adds is not a different legal toolkit but a sharper instinct for which of those terms actually matter for a given company's specific operational risks, since Seldin has personally negotiated similar protections across businesses far removed from venture-backed startups.

What This Means for Founders

For founders building in deep tech, hardware or any capital-intensive technical category, Anzu's pattern of continued, multi-round backing through dedicated vehicles like this SPV is a useful signal that patient, technically fluent capital remains available even in categories that require years of development before commercial scale. Founders evaluating Anzu or similar deep-tech-focused investors should ask directly about an investor's willingness to structure follow-on capital through dedicated vehicles when their flagship fund's allocation to a single position is capped, since that flexibility can matter considerably during a company's highest-conviction growth periods.

Browse the deep tech investor directory and AI and machine learning investor directory for more active funds in hardware-intensive categories, read the baseline mechanics of a special purpose vehicle and follow-on capital if either term is new, or explore active capital on AngelLinx @ angellinx.ai/register.

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