Fundraising Fox
Baltimore · Pre-Seed–Seed · 12 people tracked
Also known as SQUADRA MANAGEMENT, LLC
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Investment thesis
Squadra applies a growth-stage mindset at the seed stage, aiming to help founders make their earliest critical decisions. Beyond writing checks, the firm commits significant resources to build a growth engine for startups, developing joint strategic plans that increase company value and impact. Leveraging its base in Baltimore and Washington, DC, Squadra draws on strong ties to government and commercial decision makers in the national security and cyber operations space. The team works on operational efficiency, enterprise readiness, and go-to-market execution, helping companies position for future funding rounds and exit while building technologies that support America's national security mission.
Source: firm website, verified Sep 29, 2026.
Team · 12 people
from the firm's website & public directories
Founder mafia
2 people who came through SQUADRA VENTURES went on to found or lead other companies.
What they invest in
from 30 of 39 portfolio companiesEnterprise Software ×11AI & Machine Learning ×9SaaS ×9Cybersecurity ×8Defense Tech ×8Deep Tech ×5Hardware ×5Advanced Manufacturing ×4
HQs:United States×27Canada×1
Investments · 39 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 62024 · 12023 · 32022 · 32020 · 12019 · 118 dated
Quill (operated by Flowlie Technologies) provides a managed back-office function that unifies finance, HR, compliance, capital planning, and board preparation for startup founders.
Enterprise SoftwareFintechFuture of WorkHR TechSaaS
Kaben Clauson(Co-Founder & CEO)Ian Cohen(Co-Founder & CEO)Rick Gordon(Co-Founder & CEO)Adam Stepanovic(Co-Founder & CEO)Philip Odelfelt(Co-Founder & CEO)inVlad Cazacu(Founder)in
Co-investorsBaseLayer VenturesBright Pixel CapitalEPIC VENTURESGeek VenturesGlasswing VenturesSage Venture Partners+4 more
Phin provides a security awareness training and simulated phishing platform built for managed service providers (MSPs) to train and test their clients' end-users.
CybersecurityEdTechSaaSWilmington, US
CONNOR SWALM(Executive Officer, Director)inJOSHUA SIMMONS(Executive Officer, Director)
BoardJustin Label(Director)inMargaret Roth(Director)in
Co-investorsInner Loop CapitalMercato PartnersEarly Light Ventures
Copia provides Git-based version control and disaster recovery software for industrial automation and manufacturing.
Advanced ManufacturingDeveloper ToolsEnterprise SoftwareNew York City, US
Adam Gluck(Founder)in
BoardDayna Grayson(Director)inTyler Rowe(Director)Bilal Zuberi(Director)in
Board seatGuy Filippelli· per SEC Form D · $2.2M raise · filed Jun 2026
Co-investorsConstruct CapitalIronspring VentureLux CapitalRenegade Partners
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Indicium is a data consultancy that helps organizations build data-driven practices by defining strategies, assembling teams, and delivering data platforms and products across data science, analytics, and AI.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSQueens, US
Logan Havern(Executive Officer, Director)in
Board seatGuy Filippelli· per SEC Form D
Co-investorsGreatPoint VenturesMana VenturesBerkeley SkyDeck FundDefined VCGraphene VenturesTrajectory Ventures
Endolith develops biological intelligence technology for mineral recovery, using microbiology and AI to extract critical minerals sustainably.
AI & Machine LearningBiotechCleantechEnergyNew MaterialsWestminster, US
Dr. Liz Dennett(Founder and CEO)in
BoardGuy Vidra(Director)inShomik Dutta(Director)inMojtaba Karimi(Director)
Board seatDan Madden· per SEC Form D · $16.8M raise · filed Nov 2025
Co-investorsAlumni VenturesBascom VenturesCollaborative FundDraper AssociatesFounders FactoryFounders Factory NY+2 more
NetRise offers a cloud-based platform for software supply chain security that analyzes compiled code to build a software asset inventory and identify risks in the firmware and software components running on enterprise systems.
CybersecurityEnterprise SoftwareIoTSaaSAustin, US
Thomas Pace(Co-Founder & CEO)inStuart McClure(Director)in
Board seatGuy Filippelli· per SEC Form D
Co-investorsDnx Ventures
Baltimore, US
Gideon Taub(Executive Officer, Director)inDaniel Gardner(Director)
Board seatGuy Filippelli· per SEC Form D
Co-investorsTEDCO
Airbase was a spend management platform that has been acquired by Paylocity.
Enterprise SoftwareFintech
Thejo Kote(Founder)in
Co-investors515 VenturesAngel Collective Opportunity FundArba LLCBain Capital VenturesBoxGroupFirst Round Capital+10 more
Airbase develops intelligence and data products for aerospace, defense, and related sectors, built by technical operators with backgrounds in satellite imaging, orbital missions, and deep tech.
Deep TechDefense TechGovTechSaaSSpace TechNew York, US
Ari Rosner(CEO)inMillen Anand(CTO)in
Co-investorsAndreessen HorowitzAtas VCAkkadian VenturesGoldman SachsMenlo Ventures
A form builder that generates forms from an Attio CRM workspace schema, with submissions writing directly back to the CRM to create or update records and list entries.
Developer ToolsSaaSSales Tech
Aurelius Systems builds Archimedes, an autonomous counter-UAS laser system that combines high-power directed energy, optical sensors, and AI to detect, track, and neutralize aerial drone threats without an operator.
Advanced ManufacturingAI & Machine LearningDefense TechHardwareSan Francisco, US
John Marmaduke(Executive Officer, Director)Michael LaFramboise(CEO and co-founder)in
BoardPaige Craig(Director)
Co-investors640 OxfordAlumni VenturesBlack FlagBlue Ivy VenturesDecisive PointDraper Associates+6 more
CareAdvisors builds Social Care Automation technology that connects patients to social service benefits and automates enrollment into government programs such as Medicaid, SNAP, and cash assistance.
AI & Machine LearningDigital HealthHealthtechChicago, US
Chris Grace(Co-founder & CEO)
Co-investorsDreamit VenturesFirst Leaf Capital
Cerberus is a multi-platform investment firm that manages capital across diverse asset classes including direct lending, private equity, real estate, credit, and venture capital.
Enterprise SoftwareFintechNew York, US
Co-investorsAHL Venture PartnersBooz Allen VenturesClean Energy VenturesBallistic VenturesCerberus VenturesForgePoint Capital+3 more
Citra develops modular sensing and software solutions for detecting, tracking, and identifying orbiting objects in space.
Defense TechSaaSSpace TechColorado Springs, US
Daniel Brunski(Executive Officer, Director)Thomas Nichols(Executive Officer, Director)
Co-investorsAlumni VenturesBascom VenturesBlue Ivy VenturesIndustrious VenturesScout VenturesScout Ventures+1 more
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Falcomm is a fabless semiconductor company that designs RF power amplifiers, including its Dual-Drive power amplifier technology, aimed at higher output power, wider bandwidth, and lower heat for mmWave applications.
Deep TechHardwareSemiconductorsAtlanta, US
Edgar Garay(Founder & CEO)inIsabella Tobon(Director)Justin Hovey(Executive Officer)
BoardDom Ventimiglia(Director)Dan Madden(Director)in
Co-investorsBanyan VenturesCambium CapitalDraper CygnusInvariantes FundZEAGeorgia Tech Foundation
Instant Teams builds and manages onshore and remote customer and employee experience teams sourced from military spouses and similar talent pools.
Enterprise SoftwareFuture of WorkHR Tech
Liza Rodewald(Founder)in
Co-investorsBlue StartupsBlueTree Venture CapitalFrontier Venture CapitalThe Veteran Fund
Launchpad Build AI develops a proprietary Manufacturing Language Model combined with robotics to accelerate automation system design and deployment for industrial manufacturers.
Advanced ManufacturingAI & Machine LearningRobotics
Jon Quick(Chief Executive Officer)Yoav
Co-investorsLavrock VenturesLockheed Martin Ventures
Nudge develops technology focused on improving how people interact with their brains, and conducts related studies.
Deep TechHealthtechSan Francisco, US
Fred Ehrsam(Founder)inJeremy Barenholtz(Founder)Quintin Frerichs(Founder)Takashi Okita(Founder)
Co-investorsAntlerCerberusDG Daiwa VenturesGlobal BrainGreenoaksInsignia Ventures Partners+2 more
Nudge Security provides continuous discovery and visibility of an organization's SaaS and AI application ecosystem, including shadow IT and externally-facing apps, for security teams to identify and remediate risks.
CybersecurityEnterprise SoftwareSaaS
Jaime Blasco(Founder)Russell Spitler(Founder)
Co-investorsBallistic VenturesCerberus VenturesCraft VenturesForgePoint Capital
Overwatch Data provides an AI-powered threat intelligence platform that monitors digital sources to detect and combat fraud and security risks for enterprise security and risk teams.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareNew York City, US
Arjun Bisen(Founder)inZara Perumal(Founder)inTad Mielnicki
Co-investorsA*Frontline VenturesGravity VenturesNew Era Capital PartnersPathlight VenturesPruVen Capital Partners+8 more
Overwatch Imaging develops sensor autonomy software and smart sensors for airborne intelligence missions, delivering real-time imagery processing and automated detection capabilities for government and commercial customers worldwide.
AI & Machine LearningDefense TechGovTechHardwareHood River, US
Greg Davis(Founder & CEO)in
Co-investorsElevate CapitalPortland Seed FundShield Capital
PDW is an American drone company that designs, engineers, and manufactures unmanned aerial systems and related software for defense and public safety customers, including the U.S. military and federal, local, and international public safety entities.
Defense TechHardwareRoboticsHuntsville, US
Ryan Gury(Founder)inMatt Higgins(Co-founder)inJames Slider(CEO)
Co-investorsRSE VenturesHanwha Asset ManagementAlumni VenturesBooz Allen VenturesCRESCENT COVE CAPITALCrosscourt Ventures+4 more
Phin provides a security awareness training and phishing simulation platform built for MSPs and MSSPs, offering multi-tenant management, fast client onboarding, and phishing analysis integrated into help desks.
AI & Machine LearningCybersecuritySaaSMiddletown, US
Joshua Simmons(Founder)in
Co-investorsEarly Light VenturesInner Loop Capital
Primordial Labs is a defense technology company building combat capability for national security missions, founded by a team of engineers and former special operators.
AI & Machine LearningDeep TechDefense TechRoboticsNew Haven, US
Lee Ritholtz(CEO & Co-founder)inAdrian Pope(CTO & Co-Founder)in
Co-investorsLockheed Martin Ventures
ReSupply operates a next-day home donation pickup service that connects donors with charities and nonprofits nationwide, while diverting donated goods from landfills.
Circular EconomyImpact & Social GoodLogistics & Supply ChainMarketplacesAtlanta, US
Paul Tocci(Founder and CEO)
Shift5 provides operational intelligence and cybersecurity solutions for military and commercial fleets across aviation, ground transportation, maritime, and rail sectors, helping operators detect threats and maintain system resilience in real-time.
CybersecurityDefense TechIoTArlington, US
Josh Lospinoso(Founder)inToby Magsig(President and Chief Executive Officer)Ronak Shah(Chief Technology Officer)in
Co-investors645 VenturesBoeing HorizonX VenturesBooz Allen VenturesCenter15 CapitalInsight PartnersSavano Capital Partners+3 more
Sicura automates security compliance and control management for organizations across government and enterprise.
CybersecurityDeveloper ToolsEnterprise SoftwareGovTech
Lisa Umberger(Co-founder)inKendall Moore(Co-founder)in
Co-investorsInner Loop CapitalScout VenturesScout Ventures
SysGit develops tools and processes to support Agile Hardware Development for the defense industrial base, enabling cross-functional collaboration between hardware and software teams.
Defense TechDeveloper ToolsHardwareSpace TechLos Angeles, US
Steve Massey(CEO, Co-Founder)inZeke Brechtel(CTO, Co-Founder)inCharles (Zeke) Brechtel(Founder)in
Co-investorsAurelia FoundryChicago Early Growth Ventures (CEGV)Iron PrairieRingbolt CapitalTechstarsWonder Ventures+2 more
Tidal Cyber develops tools and services that help enterprises adopt MITRE ATT&CK framework for threat-informed defense.
CybersecurityEnterprise Software
Co-investorsAccess Venture PartnersBright Pixel CapitalDreamit VenturesGlasswing VenturesStoneMill VenturesTFX Capital+10 more
VirgilHR is a compliance platform built by HR professionals that helps teams navigate complex employment laws across all 50 states through attorney-informed guidance and intuitive workflows.
HR TechLegalTechGaithersburg, US
Jocelyn King, SHRM-SCP(Founder)in
Co-investorsCitrine AngelsMaryland TEDCOTechstarsTEDCOSHRMLabs
Wyvern develops high-resolution hyperspectral imaging satellites and delivers satellite-based earth observation data for model-based predictions.
Advanced ManufacturingAgTechClimate TechDeep TechSpace TechEdmonton, CA
Chris Robson(Founder)inKurtis Broda(Founder)inKristen Cote(Founder)inCallie Lissinna(Founder)inMeghan Dear(Chief Growth Officer)Graham Cockman(Director of People \u0026 Culture)
Co-investorsAccelerate FundCortado VenturesEmerging VenturesForesight CanadaMaC Venture CapitalMaple Leaf Angels+17 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
INTEGRITY LABS, INC.Tidal Cyber Inc.TradeuEndolithNetriseplaceholderSquadraUFORCE
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 · 1
1 acquisitionsAirbaseacq. by Paylocity
Portfolio news
latest coverage across their companiesAurelius Systems · finsmes.com · Aug 5, 2026
Tidal · finsmes.com · Sep 3, 2025
Frequently asked questions
- How many investments has SQUADRA VENTURES made?
- SQUADRA VENTURES has 39 tracked investments, 1 of which have exited, including 10 dated in the last 24 months.
- What stage does SQUADRA VENTURES invest at?
- SQUADRA VENTURES invests at the Pre-Seed, Seed stages.
- What is SQUADRA VENTURES's typical check size?
- SQUADRA VENTURES typically writes checks of $1M – $4M.
- What sectors does SQUADRA VENTURES focus on?
- SQUADRA VENTURES focuses on Cybersecurity, Defense Tech, GovTech, Sector Agnostic.
- Where is SQUADRA VENTURES located?
- SQUADRA VENTURES is headquartered in Baltimore, US.
- Does SQUADRA VENTURES lead rounds?
- Yes, SQUADRA VENTURES leads investment rounds.
Media · Podcasts & interviews
featuring the teamInvestor Updates by Guy Filippelli | Did you know we write investor updates? Listen to Guy Filippelli as he explains the purpose and importance of the updates. #startup #baltimore... | By Squadra Ventures
Guy Filippelli · facebook.com
PART 1: Is there an upside to the sink or swim analogy? Managing partner Guy Filippelli explains. Check back Friday for part 2. #squadra #startup... | By Squadra Ventures
Guy Filippelli · facebook.com
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