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Fulcrum Venture

Venture capitalActively deploying

Santa Monica · Pre-Seed–Growth · 11 people tracked

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Investment thesis

Fulcrum recognizes that America's industrial infrastructure and capabilities are undergoing generational modernization and revitalization. The firm's investment approach targets what sits upstream and downstream of tangible defense systems—particularly manufacturing and supply chain technologies that reduce costs and expand capacity, and data lifecycle tools that enable critical operations. The firm views the ability to innovate and scale new systems quickly as the ultimate competitive advantage in national security.

Source: firm website, verified Jul 21, 2026.

Stage
Pre-Seed–Growth
HQ
Santa Monica, US
Instruments
Equity
Founded
2024
Tracked investments
32

Team · 11 people

from the firm's website
Andrew Bartholomew· Founder and Managing Partner

Andrew founded Fulcrum in 2024 to connect private capital with entrepreneurs solving critical national security challenges. He combines military experience as an enlisted infantryman in the U.S. Marine Corps with financial expertise from roles at Fortress Investment Group and Evercore's M&A advisory practice.

Brandon Karpf

Brandon brings seven years of naval cybersecurity experience, including leadership positions at the NSA and U.S. Cyber Command where he led offensive cyberspace operations. He cofounded a defense technology startup and served as VP at N2K Networks before joining Fulcrum to evaluate AI, cybersecurity, and defense technology investments.

Mike Morrison

Mike has over a decade of U.S. Navy experience in manned and unmanned aviation, including five years in Special Operations as a robotics warfare specialist. He led testing and development teams for next-generation unmanned systems and is pursuing an MBA at UVA Darden.

Rafaella

Rafaella brings venture capital experience from two emerging managers, specializing in fundraising, tech stack development, and deal sourcing. She previously led U.S. strategy at Champagne Bollinger and is an advocate for increasing Latinx representation in venture capital.

Brandon Bodor· Operating Partner

Brandon combines military service, entrepreneurship, and public sector expertise in navigating highly regulated defense markets. A West Point graduate who served in Iraq and Afghanistan, he has held leadership roles in government business development at Parker Hannifin and co-founded Five Forks, a strategic advisory firm acquired in 2025.

Chris Miller· Advisor

Chris is the former Acting Secretary of Defense and retired Army Infantry and Special Forces officer with 27 years of military service. He previously served as Director of the National Counterterrorism Center and Special Assistant to the President for Counterterrorism.

Fred Havemeyer

Fred brings ten years of TMT investment, operations, and software development experience. He recently served as Head of AI & Software at Macquarie Capital, where he led growth tech equity research and diligenced technology companies.

Lizzie Rezabek

Lizzie supports operations and strategic initiatives at Fulcrum, building systems and processes to enable firm scaling. Previously an early hire at Lattice Capital Management, she has experience spanning investment operations, investor relations, budgeting, and firm infrastructure.

Matthew Kuta· Advisor

Matthew is President and Co-Founder of Voyager Space and founding Executive Director of Space for Humanity. A former F-15E fighter pilot and Distinguished Flying Cross recipient, he worked in private equity at Goldman Sachs and Plexus Capital.

Nicholas Mirisis· Advisor

Nicholas is a growth executive with over 25 years of experience building and scaling technology companies. He currently serves as CEO of HomeTown Ticketing and has previously held chief revenue and general manager roles at SamCart, GoCanvas, and Dude Solutions.

Sam Stowers· Operating Partner

Sam brings expertise in government go-to-market strategies for defense and national security technology. His background includes civil service at the Defense Digital Service, Special Operations command leadership, and tenure as a Fellow to a House Armed Services Committee member.

What they invest in

from 5 of 32 portfolio companies

Deep Tech ×3Defense Tech ×3Space Tech ×3AI & Machine Learning ×1Cybersecurity ×1Hardware ×1New Materials ×1SaaS ×1

HQs:Australia×1United States×1

Investments · 32 tracked

founders shown can be your intro path
Acyberacyber.com

Acyber provides offensive security testing and red team services, offering custom tooling and platform-based vulnerability discovery for commercial and government clients in the United States.

CybersecurityDefense Tech

AIRIA
Airia20airia20.comin
arrow rightcodemetal.ai
Blank Slate
Blankslatetechblankslatetech.co
Canopy Aerospace
Canopy Aerospacecanopyaerospace.comin

Canopy Aerospace & Defense designs and manufactures specialized materials and components for aerospace, defense, and space applications, including composites, thermal protection systems, and machined parts. The company operates as an integrated platform providing end-to-end solutions from design through production and sustainment.

Deep TechDefense TechNew MaterialsSpace TechChicago, US

Code Metal
Critical Materials Group
Critmatgroupcritmatgroup.com
Firestormlaunchfirestorm.com
Firestorm
Gamebeastgamebeast.ggin𝕏
HighGround
Highgroundaihighgroundai.com
Holocronholocron.tech
Larxlarx.ioin𝕏
Larx
Multitudeinsightsmultitudeinsights.comin𝕏
Mythos AImythos-ai.comin
Northwood Spacenorthwoodspace.io

Northwood provides end-to-end ground infrastructure for space missions, from concept through deployment to live data delivery. The company vertically integrates the ground stack to accelerate mission execution for government and commercial space operators.

Deep TechHardwareSaaSSpace Tech

Permutepermute.ai
Permute
Pythopytho.aiin
Smack
Smack Technologiessmacktechnologies.comin𝕏

Smack builds domain-specific AI models for military decision-making. The company serves defense and military organizations across branches including the Air Force, Navy, Marines, and Special Operations Command.

AI & Machine LearningDeep TechDefense Tech

Andy Markoff(Founder & CEO)Clint Alanis(COO & Co-Founder)Dan Gould(Head of Strategy & Co-Founder)

Stell
Stellstell-engineering.comin
Tacticaledgesystemstacticaledgesystems.comin𝕏
VXB
VXB Aerospacevxbaerospace.comin

Space TechEveleigh, AU

Frequently asked questions

What stage does Fulcrum Venture invest at?
Fulcrum Venture invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does Fulcrum Venture focus on?
Fulcrum Venture focuses on Advanced Manufacturing, AI & Machine Learning, Cybersecurity, Data & Infrastructure, Defense Tech, Energy, Logistics & Supply Chain.
Where is Fulcrum Venture located?
Fulcrum Venture is headquartered in Santa Monica, US.

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