Veteran-led VC Aims for $50M Fund, Illuminating on the Rise of Defence Tech Investments and the Promising Returns

The US venture capital scene is buzzing with initiatives focusing on defense and national security. Among them, the Veteran Fund—an investment firm led by military veterans, is spurring excitement. The firm is spearheading an ambitious fundraising campaign to raise a $50 million war chest for its second fund, a significant stride forward from its $20 million inaugural fund.

The fund aims to back ‘dual-use’ startups, ones generating revenue from both government contracts and commercial deals. Voyager Technologies, a defense tech startup, endorsed the venture’s promise with its recent declaration of a fully diluted market cap of $1.9 billion in NYSE this June.

The Veteran Fund is not solely embarking on a financial quest. The operation also involves establishing connections between portfolio companies and Washington decision-makers, crucial for landing federal government contracts.

With the cascade of enthusiasm for defense tech surging in venture capital, the Veteran Fund’s latest initiative is an emblem of this rising trend. The projected activities of such funds certify the growing faith in defense technology’s potential and its beneficial intersections with private sector engagements.