TFX Capital
Venture capitalFort Mill · Pre-Seed–Series B · 11 people tracked
Investment thesis
TFX Capital invests in early-stage startups founded by resilient, mission-driven leaders tackling critical national security and healthcare challenges. The firm leverages insights from successful startups to accelerate growth and supports entrepreneurs through advisory services and a foundation providing resources and mentorship to mission-focused teams.
Source: firm website, verified Jul 21, 2026.
Team · 11 people
from the firm's websiteBrandon Shelton founded TFX Capital in 2015 based on a conviction that the best entrepreneurs come from those with military service. As Managing Partner, he leads the firm's service-driven investment strategy focused on Pre-Series A and Series A B2B technology companies. A U.S. Army veteran with 25+ years of military, financial, strategy and operational experience, Brandon previously held senior management positions in financial services and consultancies, including as Head of Strategy at a multi-billion-dollar North American company.
Brent Blake is a military veteran who joined TFX Capital as Venture Partner in 2022 after consulting with the firm since 2016. He brings 15+ years of military, finance, investment, and venture capital experience, with particular focus on ESG-related causes and life science, technology, and healthcare investments. He is also Founder and Managing Director of Valariti, a venture capital consulting firm.
Dr. David Bray is a Distinguished Fellow and Chair of the Accelerator at the Henry L. Stimson Center and Principal at LeadDoAdapt Ventures. With decades of leadership in federal agencies, national security, and technology transformation, he has served as CEO and transformation leader for multiple ventures. His expertise spans AI, quantum computing, synthetic biology, and space technologies, and he serves as a Visiting Executive In-Residence at Harvard University.
Rob Bair is a retired Navy officer with 20 years of experience in national security. Most recently, he served on the National Security Council as Director for Technical Intelligence and Director for Cybersecurity and Operations Policy, advising on military, space, telecommunications, and cyber technologies. He has held roles at NSA, Cyber Command, and the Office of the Secretary of the Navy, and currently serves as CISO in Residence at Zscaler.
Robert Leseman is an Army veteran who retired as an Infantry Lieutenant Colonel with multiple global deployments. He has led national security teams at Sotera and Dell, and currently oversees intelligence community customers for AWS, bringing 20 years of military and national security experience to the firm.
TJ White is a seasoned national security expert with over 30 years in defense and cyber operations. He held senior military command positions, most recently as Commander of United States Fleet Cyber Command and previously as Commander of the Cyber National Mission Force. He brings expertise in cyber planning, strategy, and operational design, and describes himself as a cyber anthropologist focused on bridging digital technology and organizational design.
Brian currently serves as Vice President of Corporate Development at Passport, a software and payments mobility platform. He previously managed private equity and venture capital portfolios at Barings Alternative Investments and founded Silverport, an outsourced corporate development firm. He holds an MBA from MIT and is based in Charlotte, NC.
Cindi is a strategic leader with repeated success in delivering innovative outcomes across human resources, organization development, nonprofit, startup, government, military, and academic sectors. A U.S. Army veteran and adjunct professor, she brings executive-level leadership experience and focuses on talent management, organizational development, and cultural alignment in early-stage ventures.
Karl is a transformational executive and thought leader with expertise in applying data, analytics, and AI to drive change across healthcare, retail, energy, and telecom sectors. He is recognized as a results-oriented leader who unifies organizational silos and applies innovation and technical acumen to achieve market-differentiating outcomes.
Matt joined Crosslink in 2016 focusing on early-stage infrastructure, cybersecurity, and digital transformation investments. Since 1997, he has founded companies and invested in them, including co-founding MILCOM Technologies where he led acquisition and commercialization of over $2 billion in R&D. A former Army Infantry officer and Ranger, he serves on the board of The Honor Foundation.
Rob is an experienced direct secondary investor with over $200 million deployed across 20+ deals in the past four years. He builds reputation as a company-focused investor in structured secondary transactions and has worked with companies at all development stages including Lyft, Palantir, and SpaceX. A former Navy officer with international deployment experience, he actively mentors veterans transitioning into technology and investment.
What they invest in
from 17 of 30 portfolio companiesEnterprise Software ×5SaaS ×5AI & Machine Learning ×4Deep Tech ×4Cybersecurity ×3Defense Tech ×3Space Tech ×3Data & Infrastructure ×2
HQs:United States×5
Investments · 30 tracked
founders shown can be your intro pathApeiron Labs develops autonomous underwater vehicles and ocean technology for marine applications. The company builds deep-tech solutions for ocean exploration and resource management.
Climate TechDeep TechIoTRobotics
Ravi Pappu(CEO / Board Member)
High-performance mobility platform for space operations.
Automated risk assessment platform for global invoice analysis and financial trust.
FruitScout applies industrial process instrumentation to agriculture by providing machine vision systems and AI-powered planning tools for agave growers. The company's Visual Scale technology measures crop weight non-invasively, while its Agave Earth platform optimizes harvest scheduling based on field growth data.
AgTechAI & Machine Learning
Spiffy provides software, vehicle upfits, training, and operational guidance to automotive dealers for launching and scaling mobile repair services. The platform serves fixed operations teams at car dealerships looking to expand service capacity and revenue.
Retail TechSaaSSan Marcos, US
GoodUnited is a platform that helps nonprofits convert social media engagement into qualified leads and donations through AI-assisted 1:1 messaging and built-in giving tools. It serves nonprofit organizations seeking to scale supporter relationships and measure attribution across social channels.
Impact & Social GoodSaaSSocial
LeakSignal provides data governance and protection solutions for securing sensitive data in motion, including classification, policy enforcement, and compliance monitoring across AI applications, APIs, and endpoints.
AI & Machine LearningCybersecurityData & Infrastructure
Kunal Anand(Chief Innovation Officer (at F5); formerly co-founder of Prevoty)
Marani develops maternity care technology to improve access to prenatal and obstetric care for expectant mothers and providers. The platform delivers pregnancy-specific insights to reduce maternal and infant health disparities in the United States.
Digital HealthFemTechHealthtechMedical Devices
NVCA is a trade association that unites the U.S. venture capital ecosystem through industry resources, peer networks, and advocacy programs for venture professionals and fund managers.
Washington, US
Movi Healthcare provides transportation logistics and scheduling solutions for hospitals and health systems to improve patient flow and reduce bed delays. The platform automates manual patient transportation processes and provides visibility into logistics operations for clinical and administrative teams.
Enterprise SoftwareHealthtechLogistics & Supply ChainSaaS
Chris Hamilton(Chief Executive Officer)David Dabney(Chief Technology Officer)
Provides orbital debris cleanup and space sustainability services.
Portal Space Systems develops advanced spacecraft, including its flagship Supernova vehicle, designed for high delta-v maneuverability and multi-orbit operations in cislunar space. The company serves commercial and government customers seeking orbital transportation and refueling capabilities.
Deep TechHardwareSpace TechWashington, US
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ProctorFree provides online proctoring software for higher education institutions and professional organizations conducting remote exams. The platform aims to maintain exam integrity while offering ease of use, cost efficiency, and detailed reporting.
EdTech
Rebel Space Tech develops spectrum intelligence software that monitors, detects, and classifies RF interference and electronic warfare threats targeting satellite and teleport operators. The platform serves space operators, government/defense agencies, and research institutions operating in contested electromagnetic environments.
AI & Machine LearningDefense TechSpace Tech
Rhumbix provides digital timekeeping and labor tracking software designed for construction teams. The platform helps construction companies reduce administrative work and improve field operations by replacing paper timecards with digital solutions.
Construction TechFuture of WorkSaaS
Zach Scheel(Co-founder)
Sayari provides forensic investigation services using corporate records, trade data, and network analysis to uncover hidden risk networks across sanctions evasion, financial crime, counternarcotics, and adversary operations for law enforcement and government clients.
AI & Machine LearningEnterprise SoftwareFintechGovTechLegalTech
SkyFi operates a platform that provides access to satellite imagery and Earth observation analytics from multiple providers through a single, user-friendly interface with transparent pricing. The platform serves commercial and government sectors across various industries needing geospatial insights for decision-making.
Data & InfrastructureDeep TechDefense TechSaaS
OnSolve is a mass notification platform that delivers rapid, multi-channel alerts to enterprises and government agencies during emergencies, infrastructure disruptions, and operational events. Now part of Crisis24, it provides critical event management, travel risk management, and risk intelligence capabilities to protect people and maintain business continuity globally.
Enterprise SoftwareGovTechSeattle, US
ThinkOrbital develops scalable, pressurizable space infrastructure platforms for cislunar space applications including satellite servicing, in-space manufacturing, storage, and refueling. The company serves the commercial space economy by delivering cost-effective, modular structures that assemble autonomously in orbit.
Deep TechDefense TechHardwareSpace Tech
Unknown(Former SpaceX VP)
Tidal Cyber develops tools and services that help enterprises adopt MITRE ATT&CK framework for threat-informed defense. The platform operates vendor-independently to provide practical and affordable security capabilities for enterprise customers and solution providers.
CybersecurityEnterprise Software
Cybersecurity company pioneering threat-led defense approaches.
Income-based student financing platform helping higher education institutions offer flexible and personalized financing models.
Xona provides a secure access platform designed to strengthen and simplify operations technology (OT) and industrial control systems (ICS) across critical infrastructure sectors. The platform serves enterprises in industries including automotive, manufacturing, aviation, energy, utilities, healthcare, and government.
CybersecurityEnterprise SoftwareIoT
Develops geospatial and positioning technology solutions.
Frequently asked questions
- What stage does TFX Capital invest at?
- TFX Capital invests at the Pre-Seed, Seed, Series A, Series B stages.
- What sectors does TFX Capital focus on?
- TFX Capital focuses on Cybersecurity, Defense Tech, Digital Health, Healthtech, SaaS, Sector Agnostic.
- Where is TFX Capital located?
- TFX Capital is headquartered in Fort Mill, US.
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