Paul Burgon’s Exit Ventures (Provo, UT) merges with KittyHawk Ventures (Los Angeles). Burgon joins as partner, focusing on energy and infrastructure, leveraging corporate partnerships, and accelerating strategic exits across frontier technologies, including AI and climate tech.
Los Angeles, CA and Provo, UT — November 11, 2025
KittyHawk Ventures, named after the North Carolina city where the Wright Brothers revolutionized human mobility, has acquired Exit Ventures, a Provo, Utah-based early-stage VC focused on energy, AI infrastructure, and sustainable materials. As part of the merger, Exit Ventures founder Paul Burgon will join KittyHawk as a partner, bringing over 30 years of investment and operating experience.
Founded in 2015 at Singularity University within NASA Ames Research Park in Silicon Valley, KittyHawk sponsors extraordinary visionaries and specializes in leading-edge companies from seed to late-stage pre-IPO. Its Frontier funds back “N of 1” companies—unique, mission-driven ventures with the potential to lead or create entirely new market categories. With $160 million in assets under management, KittyHawk focuses on AI, energy, aerospace, blockchain, healthcare, and robotics, targeting frontier markets projected to exceed $3 trillion by 2025.
Burgon, who has led nearly 100 M&A and corporate venture capital investments and exits worth over $3 billion, shared with TechBuzz that the merger was a natural alignment of complementary strengths. “My focus has always been on energy and infrastructure technology—working with corporate investors and strategic partners to accelerate commercialization and exits,” he said. “KittyHawk’s approach to frontier technologies—AI, quantum computing, healthcare, aerospace, robotics, and advanced materials—complements my focus perfectly. By joining forces, we can create a platform that not only identifies category-leading companies but also helps them scale quickly and achieve meaningful exits.”
Burgon described his role at KittyHawk as multifaceted: “I’ll continue to lead investments in energy and infrastructure, while also helping KittyHawk portfolio companies navigate strategic exits. One of the real synergies here is that I can leverage my network of over 150 corporate venture investors to open doors for startups, accelerating commercialization and creating real liquidity for founders and investors alike.”
He highlighted the critical intersection of AI and energy as a key focus for the combined firm. “The integration of AI and energy is a natural, highly synergistic combination. Without many new sources energy, you can’t power large-scale AI compute. By combining my expertise in corporate partnerships and KittyHawk’s deep experience in frontier tech, we differentiate ourselves in a crowded VC market and make a meaningful impact globally.”
“The acquisition of Exit Ventures brings a highly complementary portfolio of energy, climate, and AI infrastructure companies and relationships that will immediately strengthen KittyHawk's platform,” said Will Weisman, Founder and Managing Partner of KittyHawk.
“By combining our firms, we're expanding our reach into some of the most critical frontier markets. Paul's proven ability to create strategic exits and his unmatched network of corporate and strategic investors will be invaluable in accelerating outcomes for both our new and existing founders and investors.”
“Together, we can accelerate commercialization of critical technologies, create strategic outcomes for founders and investors, and expand the global reach of frontier innovations,” Burgon added.
Exit Ventures has historically focused on Seed and Series A startups in energy and climate tech with massive market potential and high acquisition probability. KittyHawk’s Frontier funds have consistently delivered top-tier returns, with Fund III ranking in the top 5% nationally, Fund I in the top decile, and Fund II in the top quartile.
Headquartered in Los Angeles, KittyHawk has additional offices in San Francisco, Salt Lake City, Austin, New York, London, the UAE, Riyadh, and Australia.
Learn more at kittyhawkvc.com.
