How many investments has Blue Delta Capital made?

Blue Delta Capital has 25 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.

What stage does Blue Delta Capital invest at?

Blue Delta Capital invests at the Growth, Late Stage stages.

What is Blue Delta Capital's typical check size?

Blue Delta Capital typically writes checks of $15M – $50M.

What sectors does Blue Delta Capital focus on?

Blue Delta Capital focuses on Defense Tech, GovTech.

Where is Blue Delta Capital located?

Blue Delta Capital is headquartered in McLean, US.

Does Blue Delta Capital lead rounds?

Blue Delta Capital typically participates in rounds rather than leading them.

Who does Blue Delta Capital co-invest with?

Blue Delta Capital most often shares deals with New Enterprise Associates (NEA), Accel, Bessemer Venture Partners, among 15 tracked co-investors.

Blue Delta Capital

Growth equity

McLean · Growth–Late Stage · 23 people tracked

Also known as BLUE DELTA CAPITAL PARTNERS, LLC

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Find your way into Blue Delta Capital

1,974 people in our graph share verified history with the Blue Delta Capital team — schools, employers, funds. One of them is your warm intro.

Deep Nisharunlockedknows Joe Del Guercio · together at Harvard Business School (overlapped)

×2knows the team · via Harvard Business School

knows the team · via Dartmouth College

knows the team · via Boston College

knows the team · via William & Mary

knows the team · via Georgetown Law

✨ Fox Verdict

Investment thesis

Blue Delta focuses exclusively on the U.S. Federal Government market, backing companies that sell into or serve federal agencies. It provides growth equity investments in exchange for non-controlling ownership positions, pairing capital with strategic input and deep federal market expertise to help portfolio companies scale within the government sector.

Invests inDefense Tech GovTech Mclean United States

Source: firm website, verified Aug 3, 2026.

Stage

Growth–Late Stage

Check

$15M – $50M

McLean, US

Leads rounds

Follows

Instruments

Equity

Founded

2009

Last 12 months

1 investment

Private fund assets

$711.2M

VC funds

Tracked investments

IPOs

Acquisitions

Team · 23 people

from the firm's website & public directories

Chris Torti· General Partner

Growth-company executive with over 30 years of experience across Government Services and commercial sectors. Formerly CEO of Jorge Scientific Corporation and founder of Cognito Road, and an early leader at Stanley Associates.

Kevin Robbins· General Partner· McLean, Virginia, United Statesin

Co-founder of Blue Delta active in all its investments. He co-founded Wolf Den Associates and Dark Wolf Solutions, and previously worked in corporate development at SRA International and investing roles at ABS Capital Partners and GE Equity.

Mark A. Frantz· General Partner· McLean, Virginia, United Statesin

Co-founder of Blue Delta involved in all of the firm's investments. Previously served as Managing General Partner of In-Q-Tel, a Principal at Carlyle Venture Partners, and held government policy roles; holds J.D. and M.B.A. degrees from the University of Pittsburgh.

Phil Nolan· General Partner· McLean, Virginia, United Statesin

Involved with Blue Delta since 2011 as a General Partner. Former Chairman, President and CEO of Stanley, Inc. (which he took public in 2006) and former CEO of Camber Corporation; serves on several public and private company boards.

Keven Robbins· General Partner

Morgan Higgins· Partner· San Francisco, California, United Statesin

Joined Blue Delta in early 2019 and helps source, diligence, invest in, and scale portfolio companies. She previously served as an Executive Director at J.P. Morgan Chase focused on the Government Services sector.

Dave Keffer· Venture Partner· Arlington, Virginia, United Statesin

Dave Keffer is a board member at CACI International Inc and retired corporate executive with over 25 years of experience in the aerospace, defense, and government technology sectors. Throughout his career, he has been involved in growth investments and large-scale acquisitions and divestitures across organizations ranging from small private firms to Fortune 100 companies.

Joe Del Guercio· Venture Partner· Washington DC-Baltimore Areain

Mac Curtis· Venture Partner· Arlington, Virginia, United Statesin

Mac Curtis is a Board Member and Investor at Blue Delta Capital Partners with over 35 years of experience in the government contracting industry. As Chief Executive Officer for 17 years, he oversaw more than 25 acquisitions and divestitures totaling over $9.5 billion in transaction value, and has served on boards of private equity-backed and public companies, including DCSA-compliant boards. Curtis holds appointments to civic and non-profit boards including the Virginia Commercial Space Flight Authority, Virginia Foundation for Independent Colleges, and Military Bowl Foundation, among others.

Todd Stottlemyer· Venture Partner· Washington DC-Baltimore Areain

Alison Werner· Chief Financial Officer

Joined Blue Delta in 2021 and leads the firm's finance, operations, and compliance functions. She previously held corporate and institutional banking and credit risk roles at JPMorgan and Bank of America.

Anne Altman· Advisory Board· Washington DC-Baltimore Areain

Anne Altman is the co-founder and CEO of Everyone Matters, Inc., a social impact enterprise established in 2017 that focuses on citizen-based services, healthcare access, and education. She previously spent 35 years at IBM, where she served as general manager of IBM Federal and Government Industries and led the company's global public sector business spanning government, healthcare, life sciences, and education. Altman currently serves on the Board of Visitors at George Mason University and holds positions on multiple public, private, and nonprofit boards.

Brad Baker· Associate· Arlington, VAin

Joined Blue Delta in 2026, working on sourcing, due diligence, execution, and strategy. He previously was a commercial banker at J.P. Morgan and served as a Field Artillery Officer in the U.S. Army.

Chris Murphy· Associate· Stockholm, Swedenin 𝕏

Joined Blue Delta in 2024, working on sourcing, due diligence, execution, and strategy. He was previously Corporate Development Officer at Cydecor and an investment banker at KippsDeSanto.

Deepak Hathiramani· Advisory Board· McLean, Virginia, United Statesin

Donna Morea· Advisory Board· Washington DC-Baltimore Areain

Donna Morea serves as Chair of the Board of Directors at SAIC and Chair of the Technology Committee at Truist, with over thirty-five years of experience in IT software and services. She previously spent thirty-one years at American Management Systems and CGI Group, where she served as President of CGI Technologies and Solutions overseeing IT and business process services across the US, Europe, and Asia-Pacific for clients in government, healthcare, financial services, and other sectors. Morea holds leadership positions on several corporate and nonprofit boards, including Lead Director at Share Our Strength and Chair Emerita of Wesleyan University's Board of Trustees.

Elizabeth Foster· Associate· Washington, DCin

Joined Blue Delta in early 2026 to support sourcing, due diligence, execution, and strategy. She previously worked as a Consulting Manager at Deloitte focused on the Government Services sector.

Hasan S. Alqutri· Financial Analyst

Joined Blue Delta in 2025, supporting fund operations, portfolio oversight, industry research, and transactions. He previously interned with Dark Alpha Capital and holds an M.S. in Finance from Georgetown University.

Letitia Long· Advisory Board· Arlington, Virginia, United Statesin

Lisa Disbrow· Advisory Board· Stafford, Virginia, United Statesin

Renny DiPentima· Advisory Board· Annapolis, Maryland, United Statesin

Sanju Bansal· Advisory Board· McLean, Virginia, United Statesin

Tom Ridge· Advisory Board

Founder mafia

3 people who came through Blue Delta Capital went on to found or lead other companies.

Kevin RobbinsGeneral PartnerFounded Dark Wolf Solutions Chris MurphyAssociateFounded Saastock Deepak HathiramaniAdvisory BoardFounded Vistronix Intelligence & Technology Solutions

What they invest in

from 23 of 25 portfolio companies

Enterprise Software ×16GovTech ×15Cybersecurity ×11Defense Tech ×11AI & Machine Learning ×8Data & Infrastructure ×7Cloud Computing ×6SaaS ×4

HQs:United States×20

Who they back

founder profiles across 9 portfolio companies

78%

solo founders

7 of 9 mapped founding teams

Founding team size:solo founder×72 founders×2

Investments · 25 tracked

founders shown can be your intro path

By year:2026 · 1 2024 · 1 2018 · 1 2016 · 25 dated

Maximusmaximus.com in 𝕏NYSE: MMS

Maximus provides technology, operational services, and human-centered design to government agencies, supporting programs across health, human services, veteran support, citizen experience, defense, and national security.

Defense TechGovTech

Co-investorsElectric Ant Shrug Capital What If Ventures

Herricktechlabsherricktechlabs.com in✓ verified

Herrick Technology Laboratories designs and manufactures software-defined radio platforms and integrated hardware-software products for signals intelligence, electronic warfare, and communications applications.

Cloud ComputingDeep TechDefense TechHardwareGermantown, US

Chad Kettering(Chief Executive Officer)inShane Sims(Chief Growth Officer)in

BoardAcie Vickers(Chairman)

Aviziaavizia.com inMay 2016AcquiredSEC filingmedium confidence

Avizia provides a digital care platform integrating technology, services, and devices to support care delivery across in-person, virtual, and automated settings for providers, payers, and patients.

Cloud ComputingDigital HealthEnterprise SoftwareHealthtechBoston, US

Michael Baird(Executive Officer, Director)Ido Schoenberg in Roy Schoenberg in Phyllis Gotlib inSteven Luke Leininger(Executive Officer, Director)Corey Costley(Executive Officer)

Board seat Todd Stottlemyer· per SEC Form D · $18.1M raise · filed Jan 2017

Co-investorsMartin Ventures NextGen Venture Partners HealthQuest Capital Lavrock Ventures

Veratoverato.com in 𝕏Dec 2018SEC filingmedium confidence

Verato provides an identity master data management platform (Verato MDM Cloud) that unifies, enriches, and manages identity data across systems.

Data & InfrastructureEnterprise SoftwareSaaSSector AgnosticMclean, US

Mark LaRow(Executive Officer, Director)inJ. Brent Williams(Chief Technology Officer)inGrace Koh(Chief Marketing Officer)in

Board Sanju Bansal(Director)in Kent Bennett(Director)inArun Gupta(Director)

Board seat Todd Stottlemyer· per SEC Form D · $10M raise · filed Jan 2019

Co-investorsBessemer Venture Partners Columbia Capital

Acclaimtechnicalacclaimtechnical.com in 𝕏

ATS provides analytics, systems, and data solutions to the defense and intelligence communities to support mission-critical operations.

CybersecurityData & InfrastructureDefense TechEnterprise SoftwareGovTech

David Popelier(Chief Executive Officer)in

Adhocteamadhocteam.us in

Ad Hoc is a government technology consulting firm that builds and modernizes digital services for federal agencies.

AI & Machine LearningDigital HealthEnterprise SoftwareGovTechWashington, US

Greg Gershman(Co-founder and CEO, Board Chair)in

Aisais.com in 𝕏

AIS is a Microsoft Data & AI partner that helps organizations modernize their data infrastructure and integrate analytics capabilities in the cloud.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software

Brent Wodicka(Chief Technology Officer)in

Amida Technology Solutionsamida.com in

Amida provides a cloud-native data platform and suite of compliance, analytics, and AI products purpose-built for state Medicaid agencies.

AI & Machine LearningCybersecurityData & InfrastructureDigital HealthGovTechSemiconductors

Peter L. Levin(Founder)in

BoardJohn R. Allen(Strategic Advisor)Dan Boneh(Professor of Computer Science, Stanford)Theresa Cullen(Physician and Clinical Informatician)Dan Geer(Security Researcher, In-Q-Tel)Shannon O'Brien(Chair of the Massachusetts Cannabis Control Commission)

Co-investorsIn-Q-Tel

Conceptplusconceptplus.com in

Concept Plus provides IT services to U.S. federal agencies, focusing on modernization, cloud, and AI/ML solutions.

AI & Machine LearningCloud ComputingEnterprise SoftwareGovTechSaaS

Ahmad Abuzaakouk(Founder & Chief Executive Officer)Milad Bahrami(President)inTom Hohman(Chief Financial Officer)inMichele Bond(DoW/National Security General Manager & SVP)inTheron Johnson(Chief Technology Officer)inJoshua M. Temkin(Chief Architect)in

Coreonecoreone.com in

CoreOne creates and implements exercises, red cell operations, and test environments that simulate modern threats for national security clients.

CybersecurityDefense Tech

Csaassociatescsaassociates.com in 𝕏

CSA Associates is a firm that delivers solutions to federal government clients.

Data & InfrastructureDefense TechEnterprise SoftwareGovTech

Edgewateritedgewaterit.com in

Edgewater provides enterprise IT management, cloud migration, and digital transformation services for federal government agencies.

AI & Machine LearningCloud ComputingCybersecurityDefense TechEnterprise SoftwareGovTechFrederick, US

Gunnisonconsultinggunnisonconsulting.com in 𝕏

Gunnison is a federal contractor that provides cybersecurity, intelligence and automation, and digital services to the U.S. government.

CybersecurityEnterprise SoftwareGovTech

Itcfederalitcfederal.com in

ITC Federal delivers automation, AI, and IT infrastructure solutions to U.S. government agencies in defense, homeland security, and law enforcement.

Cloud ComputingCybersecurityDefense TechEnterprise SoftwareGovTech

Greg Fitzgerald(Chief Executive Officer)in

Platinumequityplatinumequity.com in 𝕏

Platinum Equity is a global alternative asset management and private equity firm that invests in and operates companies across diverse industries.

Enterprise SoftwareSector AgnosticLos Angeles, US

Tom Gores(Chairman and CEO)in

Quadrintquadrint.com in 𝕏

CACI provides human capital management (HCM) systems and enterprise resource planning (ERP) solutions to federal government agencies, combining commercial software, data integration, AI, cloud migration, and robotic process automation to modernize workforce operations and comply with federal regulations.

AI & Machine LearningEnterprise SoftwareGovTechHR TechSaaS

Redhorsecorpredhorsecorp.com in 𝕏

Redhorse is a federal consulting firm delivering mission-ready technology solutions and services to the U.S.

AI & Machine LearningCybersecurityData & InfrastructureDefense TechEnterprise SoftwareGovTechNorthern Virginia, US

David Inman(Founder and Chairman)Noah(President and Chief Executive Officer)

Sharedspectrumsharedspectrum.com in 𝕏

Shared Spectrum Company (SSC) develops Dynamic Spectrum Access (DSA) radio technology and spectrum sharing solutions for wireless communications, including work for programs such as DARPA's XG Program.

Deep TechDefense TechGovTechHardwareSan Diego, US

Dr. Mark McHenry(CEO and Founder)

Sonatypesonatype.com in 𝕏

Sonatype provides software supply chain management and security solutions for managing open source software and AI dependencies.

CybersecurityDeveloper ToolsEnterprise SoftwareFulton, US

Brian Fox(Chief Technology Officer and co-founder)inWAYNE JACKSON(Executive Officer, Director)inDAVID C. MILLER(Executive Officer)

Board ANN WINBLAD(Director)in SAMEER GANDHI(Director)inMICHAEL O'DELL(Director)

Co-investorsAccel Aspenwood Canvas Ventures Founders Circle Capital Golub Growth Hummer Winblad Venture Partners (HWVP)+2 more

Tharrostharros.com inFeb 2026

Tharros provides advanced cybersecurity solutions designed for agencies, built on domain expertise and vulnerability assessment capabilities.

CybersecurityDefense TechGovTech

Unicomgovunicomgov.com in 𝕏

UNICOM Government provides IT infrastructure solutions and professional services including requirements definition, design, deployment, management, and support for organizations seeking to transform technology components into core business infrastructure.

Enterprise SoftwareGovTech

Corry S. Hong(Founder, President and CEO)in

Unleashbtsunleashbts.com in

Unleash BTS provides operations support, advanced engineering, and research & development services to the U.S.

AI & Machine LearningCybersecurityDeep TechDefense TechDeveloper ToolsGovTechColumbia, US

Virtruvirtru.com in 𝕏Aug 2016

Virtru provides a data security platform that applies encryption and attribute-based access controls to sensitive data shared via email, files, and SaaS apps, letting organizations set granular access policies while retaining control of their encryption keys.

CybersecurityData & InfrastructureEnterprise SoftwareSaaSWashington, US

John Ackerly(Co-founder)inWill Ackerly(Co-founder)in

Board David Cowan(Director)inScott Petry(Director)Wayne Jackson(Director)

Co-investorsBessemer Venture Partners ICONIQ Capital ICONIQ Growth ICONIQ New Enterprise Associates (NEA)Perot Jain +2 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Herrick Technology Laboratories, Inc.by CG:NASDAQ

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 2

1 IPOs · 1 acquisitions · showing 1

MaximusNYSE: MMS

Portfolio news

latest coverage across their companies

Maximus (MMS) Stock Looks Reasonable Following Its 32% YTD Decline

Maximus · finance.yahoo.com · Aug 7, 2026

Sonatype and Package Registry Leaders Unite to Address Open Source Sustainability Crisis

Sonatype · finance.yahoo.com · May 6, 2026

Tharros Secures Blue Delta Funding for Federal Cyber Defense

Tharros · cybertechnologyinsights.com · Feb 11, 2026

Exclusive: Virtru, data security company, raises $50 million Series D as valuation hits $500 million | Fortune

Virtru · fortune.com · Jul 11, 2025

Frequently asked questions

How many investments has Blue Delta Capital made?: Blue Delta Capital has 25 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
What stage does Blue Delta Capital invest at?: Blue Delta Capital invests at the Growth, Late Stage stages.
What is Blue Delta Capital's typical check size?: Blue Delta Capital typically writes checks of $15M – $50M.
What sectors does Blue Delta Capital focus on?: Blue Delta Capital focuses on Defense Tech, GovTech.
Where is Blue Delta Capital located?: Blue Delta Capital is headquartered in McLean, US.
Does Blue Delta Capital lead rounds?: Blue Delta Capital typically participates in rounds rather than leading them.
Who does Blue Delta Capital co-invest with?: Blue Delta Capital most often shares deals with New Enterprise Associates (NEA), Accel, Bessemer Venture Partners, among 15 tracked co-investors.

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