How many investments has Fulcrum Venture made?

Fulcrum Venture has 24 tracked investments, including 1 dated in the last 24 months.

What stage does Fulcrum Venture invest at?

Fulcrum Venture invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.

Where is Fulcrum Venture located?

Fulcrum Venture is headquartered in Santa Monica, US.

Who does Fulcrum Venture co-invest with?

Fulcrum Venture most often shares deals with Alumni Ventures, Harpoon Ventures, Industrious Ventures, among 63 tracked co-investors.

Fulcrum Venture

Venture capitalActively deploying

Santa Monica · Pre-Seed–Growth · 19 people tracked

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Investment thesis

Fulcrum focuses on the generational rebuild of America's industrial base, investing across its full lifecycle. This spans manufacturing and supply chain technologies that expand production capacity, along with the data systems that determine whether critical emerging platforms perform in real-world field conditions. The firm backs companies from inception through growth, targeting sectors where it sees conviction, capability, and necessity converging.

Invests inAdvanced Manufacturing AI & Machine Learning Cybersecurity Data & Infrastructure Deep Tech Defense Tech Energy Logistics & Supply Chain Robotics Europe North America Santa Monica United States

Source: firm website, verified Aug 3, 2026.

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Stage

Pre-Seed–Growth

Santa Monica, US

Instruments

Equity

Founded

2024

Last 12 months

1 investment

Tracked investments

Team · 19 people

from the firm's website & curated & public directories

Andrew Bartholomew· Founder and Managing Partner· Santa Monica, California, United Statesin

Founder and Managing Partner of Fulcrum, launched in 2024. He previously was a Director at Fortress Investment Group and an analyst at Evercore, and began his career as an enlisted Marine Corps infantryman with deployments to Iraq and Afghanistan. He holds a B.A. in Political Science from Columbia University.

Frank X Dalton· General Partner

James S Douglass· General Partner

Jeffrey S Muir· General Partner

Philip A. Lewis· General Partner

Thomas L Greer· General Partner· Atlanta, Georgia, United Statesin

Pål R. Jensen· Founder and Managing Partner· Oslo, Oslo, Norwayin

Pål R. Jensen has over 20 years of experience in venture capital, focused mainly on operational back-office work, particularly finance. He holds a four-year finance degree (Siviløkonom) from BI, Norwegian Business School. Before joining Hadean Ventures in 2024, he was Director of Finance at NeoMed Management, a VC firm focused on healthcare and life sciences.

pal.jensen@hadeanventures.com

Dave Horvath· Principal· Washington, District of Columbia, United Statesin

Rafaella Fontes· Venture Partner· Brooklyn, New Yorkin 𝕏

Rafaella Fontes is Director of Strategy and Operations at BackEngine, an AI software company that provides organizational knowledge integration to reduce errors and costs. She also serves as a venture partner at Fulcrum Venture Group, focusing on investments in energy resilience and industrial capacity technologies. Fontes holds an MBA from MIT Sloan and dual degrees in Economics and Sociology from Columbia University.

Brandon Bodor· Operating Partner· Menlo Park, CA

Operating Partner supporting portfolio companies with government go-to-market strategy. He leads the Army Account at Vantor, previously led defense business development at Parker Hannifin and was a core team member at Second Front Systems, and co-founded Five Forks (acquired 2025). A West Point graduate, he serves as a lieutenant colonel in the US Army Reserve and holds an MBA from Chicago Booth.

Brandon Karpf

Evaluates investments in AI, cybersecurity, and defense technology at Fulcrum. He spent seven years in the US Navy as a Cryptologic Warfare Officer with roles at the NSA and US Cyber Command, cofounded a defense tech startup, and served as VP/GM at N2K Networks. He teaches cybersecurity at the US Naval Academy and holds degrees from Georgetown, MIT, and the Naval Academy.

Chris Miller· Advisor

Advisor and former Acting Secretary of Defense who managed the US military's $720B budget. He previously served as Director of the National Counterterrorism Center and was a retired Army Infantry and Special Forces officer. He is currently Chief Strategy Officer at DZYNE Technologies.

Fred Havemeyer

Has 10 years of TMT investment, operational, and software development experience. He advises early-stage AI startups and previously served as Head of AI & Software at Macquarie Capital and worked at no-code startup Unqork. He holds a Physics degree from Columbia University.

Lizzie Rezabek

Supports operations and strategic initiatives at Fulcrum, working across investor relations, portfolio support, and firm operations. She was previously an early hire at Lattice Capital Management, where she built core operations in a zero-to-one environment.

Matthew Kuta· Advisor· Denver

Advisor, President and Co-Founder of Voyager Space and founding Executive Director of Space for Humanity. He previously worked in private equity at Goldman Sachs and Plexus Capital and served as an F-15E fighter pilot.

Mike Morrison

Brings over a decade of manned and unmanned aviation experience in the US Navy, including five years in Special Operations as a robotics warfare specialist working on UAS and USV platforms. He is pursuing an MBA at UVA Darden focusing on strategy and entrepreneurship.

Nicholas Mirisis· Advisor

Advisor and growth executive with 25+ years scaling technology companies. He is CEO and Board Director of HomeTown Ticketing and previously held leadership roles at SamCart, GoCanvas, and Dude Solutions. He holds degrees from NC State and Johns Hopkins.

Rafaella

Brings experience from two emerging venture managers where she worked on fundraising, tech stacks, deal sourcing, and screening. She previously served as US Director for Champagne Bollinger and advocates for Latinx representation in venture. She holds an MBA from MIT Sloan and degrees in Economics and Sociology from Columbia University.

Sam Stowers· Operating Partner· Washington, DC

Operating Partner focused on government go-to-market strategies for portfolio companies. He is also a principal at Sparrowhawk Partners and previously worked with Fairwater Labs, DFL Technology, and the Defense Digital Service, and served as a Special Operations officer.

What they invest in

from 20 of 24 portfolio companies

AI & Machine Learning ×12Defense Tech ×11Deep Tech ×9SaaS ×8Enterprise Software ×7Space Tech ×4Data & Infrastructure ×3Hardware ×3

HQs:United States×11Australia×1

Who they back

founder profiles across 11 portfolio companies

73%

solo founders

8 of 11 mapped founding teams

repeat founders

of 13 founders with career history

Founding team size:solo founder×82 founders×13 founders×14+ founders×1

Where their founders studiedfrom 13 founders with education data

Massachusetts Institute of Technology ×2

What their founders studiedfrom 13 founders with field-of-study data

Engineering ×6Computer Science ×5Physics ×3Business & Management ×2Humanities ×2

Where their founders worked beforefrom 13 founders with career history

MIT Lincoln Laboratory ×2Orange Comet, Inc. ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 24 tracked

founders shown can be your intro path

By year:2026 · 1 2024 · 12 dated

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

Co-investorsMultiball Capital The Veteran Fund Bloomberg Beta

Airia20airia20.com in

AIRIA provides facility scheduling and space optimization software that analyzes campus room usage to reduce underutilized spaces, cut energy and operational costs, and support financial and operational planning.

AI & Machine LearningPropTechSaaSNew York City, US

Edward Nass(Founder)

Co-investorsBackswing Ventures Counterview Capital Neer Venture Partners

Blankslatetechblankslatetech.co

Blank Slate Tech uses brain science, AI, and machine learning to build an app that enhances human cognitive performance and decision-making readiness for professionals in high-stakes industries.

AI & Machine LearningDeep TechEnterprise SoftwareSaaS

Canopy Aerospacecanopyaerospace.com in

Canopy Aerospace & Defense designs and manufactures specialized materials and components for aerospace, defense, and space applications, including composites, thermal protection systems, and machined parts.

Deep TechDefense TechNew MaterialsSpace TechChicago, US

Co-investorsCaruso Ventures Industrious Ventures Sprint Vc Techstars

Code Metalcodemetal.ai

Code Metal builds AI-assisted code translation and modernization tools that use formal verification and program analysis to produce tested, standards-compliant, and portable code.

AI & Machine LearningDeep TechDeveloper ToolsBoston, US

Peter Morales(Co-Founder & CEO)in Alex Showalter-Bucher(Co-Founder & SVP of Technology)in Ryan Aytay(President & COO)inLaura Shen(EVP & Head of Growth)inJennifer Paau(SVP of Business Operations & Strategy)Octavian Udrea(Chief Scientist)in

Co-investorsAccel B Capital Group B4 Capital J2 Ventures Salesforce Ventures Smith Point Capital +3 more

Critmatgroupcritmatgroup.com

Critical Materials Group manufactures and distributes military-grade explosive materials for defense arsenals, aiming to remove single points of failure in the supply chain.

Advanced ManufacturingDefense TechNew Materials

Firestormlaunchfirestorm.com

Firestorm Labs builds xCell, a containerized 3D-printing factory that produces modular military drones at the point of need.

San Diego, US

Daniel Magy(Executive Officer, Director, Promoter)Chad McCoy(Founder)inIan Muceus(Founder)in

BoardTommy Hendrix(Director)Aaron Jacobson(Director)in

Co-investorsAlumni Ventures Backswing Ventures Beyond Capital Black Flag Booz Allen Ventures BVVC +19 more

Gamebeastgamebeast.gg in 𝕏

Gamebeast provides an AI-powered analytics and intelligence platform for game studios that unifies player behavior, monetization, and sentiment data to help teams understand player engagement and game performance.

AI & Machine LearningGamingSaaS

Christian Meris(Founder)in

Co-investorsJ2 Ventures A16Z Speedrun Andreessen Horowitz The Mini Fund

Highgroundaihighgroundai.com

HighGround provides investment research and intelligence tools for defense sector investors, including private equity, venture capital, and sell-side teams.

AI & Machine LearningData & InfrastructureDefense TechEnterprise SoftwareGovTech

Holocronholocron.tech

Holocron Technologies presents itself as a defense-oriented technology company using slogans about being "the digital arsenal of democracy." The page provides no concrete details about its products or services.

Defense Tech

Aydin Efendi(Founder)in

Co-investorsBreakwater Ventures New North Ventures Winklevoss Capital FiDi Ventures Sica Ventures Syndicate 708

Larxlarx.io in 𝕏

Larx builds a decision intelligence platform, offered via an API and a natural language interface, with edge-ready deployment options.

AI & Machine LearningData & InfrastructureDeep TechDefense TechEnterprise Software

Tad Mielnicki(Founder)in

Co-investorsEvolution VC Partners Expeditions REFASHIOND Ventures

Multitude Insightsmultitudeinsights.com in 𝕏

Multitude Insights builds software for law enforcement agencies that centralizes intelligence such as bulletins, emails, and PDFs so information can be created, shared, and tracked across units, departments, and jurisdictions.

AI & Machine LearningEnterprise SoftwareGovTechSaaS

Co-investorsAlumni Ventures Basecamp Fund Commonweal Ventures Counterview Capital Primary Venture Partners VSC Ventures

Mythos AImythos-ai.com in

Mythos AI develops navigation and autonomy systems for commercial shipping and naval operations.

AI & Machine LearningDeep TechLogistics & Supply ChainMobility & TransportationWest Palm Beach, US

John Houston(Founder)in

Co-investorsVillage Global

Northwood Spacenorthwoodspace.io

Northwood provides end-to-end ground infrastructure for space missions, from concept through deployment to live data delivery.

Deep TechHardwareSaaSSpace Tech

Shaurya Luthra(Cofounder)in

Co-investorsAlpine Space Ventures Also Capital Alumni Ventures Andreessen Horowitz Aurelia Foundry Balerion Space Ventures +12 more

Permutepermute.ai in

Permute offers a financial intelligence layer that connects data sources such as CRM, ERP, files, finance systems, and collaboration tools like Microsoft Teams into a single workspace.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS

Co-investorsService Provider Capital

Pythopytho.ai in

Pytho brings together military personnel and AI engineers to develop AI solutions for military force readiness and operational effectiveness.

AI & Machine LearningDefense TechEnterprise SoftwareSaaS

Smack Technologiessmacktechnologies.com in 𝕏

Smack builds domain-specific AI models for military decision-making.

AI & Machine LearningDeep TechDefense TechBoston, US

Andy Markoff(Founder & CEO)in Clint Alanis(COO & Co-Founder)inDan Gould(Head of Strategy & Co-Founder)Giuseppe Stuto(Executive Officer, Director)Frank Iudiciani(Executive Officer, Director)

Co-investorsCostanoa Ventures Felicis Ventures Geodesic Capital Palumni VC Scribble Ventures Washington Harbour Partners +7 more

Stellstell-engineering.com in

Stell builds cloud-based software for managing requirements, traceability, and compliance on aerospace and defense programs.

Deep TechDefense TechEnterprise SoftwareSaaSSpace TechSan Francisco, US

Malory McLemore(Founder)in

Co-investorsPicks and Shovels (Picks & Shovels)Third Prime Urban Innovation Long Journey Ventures Wischoff Ventures

Tactical Edge Systemstacticaledgesystems.com inAug 2024

Tactical Edge Systems builds deployable power and communications hardware for remote and infrastructure-denied environments, including tethered relay towers, mesh networking, and on-demand hydrogen fuel.

Defense TechEnergyHardwareBillerica, US

Erik Limpaecher(Executive Officer, Director)Mark Donahue(Executive Officer, Director)

VXB Aerospacevxbaerospace.com in

VXB Aerospace develops software using generative capabilities to help engineers design custom components involving complex multi-physics, such as antennas, electronics, and plasma propulsion.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareSpace TechEveleigh, AU

Alexander Ryan(CEO & Co-Founder)in

Co-investorsHEC Paris Incubator Investible Climate Tech Fund Techstars Jelix Ventures

Other

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

Blank SlateCritical Materials GroupHighGroundVXB

Portfolio news

latest coverage across their companies

Smack Raises $61M Series B to Build LLMs for Military | citybiz

Smack Technologies · citybiz.co · Aug 19, 2026

Firestorm Labs raises $82M to take drone factories into the field | TechCrunch

Firestorm · techcrunch.com · Apr 29, 2026

Code Metal Raises $125M in Series B Funding at $1.25B Valuation

Code Metal · finsmes.com · Feb 23, 2026

Northwood Space Raises $100M in Series B Funding

Northwood Space · finsmes.com · Jan 29, 2026

Gamebeast: The AI-first intelligence layer for gaming

Gamebeast · gamebeast.gg · Jun 3, 2025

Frequently asked questions

How many investments has Fulcrum Venture made?: Fulcrum Venture has 24 tracked investments, including 1 dated in the last 24 months.
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, Deep Tech, Defense Tech, Energy, Logistics & Supply Chain, Robotics.
Where is Fulcrum Venture located?: Fulcrum Venture is headquartered in Santa Monica, US.
Who does Fulcrum Venture co-invest with?: Fulcrum Venture most often shares deals with Alumni Ventures, Harpoon Ventures, Industrious Ventures, among 63 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Yale Prospect Fellowship - Andrew Bartholomew / Fulcrum Venture Group | Videos & Movies on Vimeo

Andrew Bartholomew · Andrew Bartholomew · vimeo.com

Images

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