Vatn Systems
Portsmouth, US · Founded 2023 · Delaware corporation · 19 known investors
Vatn builds autonomous underwater vehicles and systems for underwater operations including surveillance, mine countermeasures, and payload delivery in GPS-denied environments. The company serves defense and maritime organizations executing missions in contested waters.
Founders & leadership
TH
Thomas HendrixDirector
GM
Geoffrey ManchesterDirector
TH
Thomas HennesseyDirector
NM
Nelson MillsExecutive Officer, Director
FM
Frederick MillsDirector
Investors · 19
Beyond CapitalLondon
Blue CollectiveBrooklyn · $250K – $2M
Capital FactoryAustin
Centre Street PartnersNew York · $100K – $500K
Champion Hill Ventures$500K – $1M
CoalitionCambridge
Dauntless VenturesHolladay
Decisive PointWashington · $500K – $1Mvia Thomas Hendrix · board
Geodesic CapitalFoster City
IronGate Capital Advisors
Marque VenturesAlameda
Raptor GroupMiami Beachvia Jim Pallotta · inferred
The Veteran FundSan Francisco · $500K – $2M
Trousdale VenturesWest Hollywood · $1M – $5M
Backswing VenturesreportedWindermere
Cubit CapitalreportedDallas · $500K – $3M
Lockheed Martin Venturesreported · 2 sourcesBethesda
Propeller VCreportedNew York · $100K – $10M
Veteran Ventures CapitalreportedMcLean · $50K – $250K
Reported raises · per SEC filings
Form D private placements▶$15.5MraisedDec 2024 · 38 investors · Other TechnologyRule 506(b)
▶$15.5MraisedDec 2024 · 38 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Thomas HendrixDirector
- Geoffrey ManchesterDirector
- Thomas HennesseyDirector
- Nelson MillsExecutive Officer, Director
- Frederick MillsDirector
- Offering amount
- $15.5M
- Amount sold
- $15.5M
- First sale
- Oct 2024
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
- Vatn Systems Raises $60M for Autonomous Underwater Vehiclesthedefensepost.com · 2025
- Rhode Island defense tech startup Vatn Systems closes $60M Series A for underwater vehicles - Providence Business Firstbizjournals.com · 2025
- Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing - Defense Dailydefensedaily.com · 2025
- Vatn Systems Raises $60M in Series A Fundingfinsmes.com · 2025
- Vatn Systems Raises $60 Million Series A to Redefine Underwater Naval Warfare at Scaleprnewswire.com · 2025
- Vatn Systems raises $16.5M in seed fundingpbn.com · 2024