The Veteran Fund — Full Portfolio

San Francisco deep-tech startup developing an air-breathing fusion propulsion system to replace jet fuel on long-haul aircraft.

Climate TechMobility & TransportationRoboticsSan Francisco, US

Co-investorsSOSoma CapitalTETechstarsCLClimate Capital

Andromeda builds a "digital knowledge twin" that turns technical manuals, service records, and institutional knowledge into a knowledge graph, using AI to deliver source-traced diagnoses and troubleshooting answers for equipment-intensive operations.

Advanced ManufacturingAI & Machine LearningEnterprise Software

MMManish Modh(Founder)in

Co-investorsCACapital FactoryARArtesianFOForerunner VenturesNFNFDGPAParadigmPUPurpose Ventures+3 more

Autonomy is an automotive subscription platform that enables vehicle subscription services as a sustainable business model in automotive retail.

CleantechConsumerMobility & TransportationSaaS

SPScott Painter(Founder)inGBGeorg Bauer(President & Vice Chairman)inFWFred Weick(Chief Executive Officer)

Co-investorsANAngel Collective Opportunity FundBUBuilders + BackersCECelesta CapitalFJFJ LabsFLFlucas VenturesGAGaingels+17 more

Warhead designs and manufactures advanced explosive ordnance systems for autonomous weapons platforms and drone applications.

Deep TechDefense TechHardware

Anthony Jones(COO and Co-Founder)DPDevan Plantamura(CEO)inJLJacob Lambuth(CTO)in

Co-investors64640 OxfordNENEW VISTA CAPITALPAPathbreaker Ventures

Cyberspatial builds Teleseer, a browser-based tool for analyzing packet captures (PCAP) and visualizing networks without requiring infrastructure, agents, or code.

CybersecurityData & InfrastructureSaaSClaymont, US

RTRicky Tan(Founder)inLNLawrence Nunn(Executive Officer, Director)inXiao Tan(Executive Officer, Director)David Fulton(Executive Officer)

Cyphr converts bank transactions and public records into a lender-grade 0–300 readiness score for small businesses, producing an explainable score and a standardized readiness packet.

AI & Machine LearningData & InfrastructureFintechKansas City, US

Co-investorsPLPlug and Play VenturesTETechstarsBLBlack Operator

DarkSaber Labs develops tactical AI and a cloud-based platform that fuses fragmented sensor and SIGINT/EW data into real-time, actionable insights for military operators working in disconnected and contested environments.

AI & Machine LearningCloud ComputingDefense Tech

O'Connor(Founder)BOBrian O'Connor(Founder)in

Decile Group develops software and services for venture capital firms, including portfolio management platforms and advisory offerings designed to improve VC operations and ethical investing practices.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsCHChispa VCDADash VCHAHallstone VenturesPRPrana Tech VenturesRERedstick VenturesRORoadster Capital+4 more

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)CMChad McCoy(Founder)inIMIan Muceus(Founder)in

BoardTommy Hendrix(Director)AJAaron Jacobson(Director)in

Co-investorsALAlumni VenturesBABackswing VenturesBEBeyond CapitalBLBlack FlagBOBooz Allen VenturesBVBVVC+20 more

Foundation builds autonomous machines designed to perform tasks across a wide range of applications.

AI & Machine LearningHardwareRobotics

Co-investorsDEDefined VC

Fulcrum Autonomy develops autonomy and related capabilities aimed at tactical and strategic advantage for defense and national security customers.

Deep TechDefense TechRobotics

Co-investorsSISilent CapitalSISilent Ventures

Glīd builds autonomous road-rail vehicles and orchestration software that turn existing rail infrastructure — shortline mileage, dormant sidings, spurs, and industrial aprons — into first- and last-mile freight capability without new terminal construction.

Defense TechHardwareLogistics & Supply ChainMobility & TransportationRobotics

KDKevin Damoa(Founder & CEO)in

Co-investorsANAntlerBVBVVCCACapital FactoryDRDraper AssociatesIDID VenturesMIMission One Capital+2 more

Havoc develops software for coordinating autonomous vehicles across air, sea, and land domains, enabling operators to supervise hundreds or thousands of autonomous assets simultaneously through a unified control platform.

AI & Machine LearningDefense TechRoboticsProvidence, US

PLPaul Lwin(Co-Founder & Chief Executive Officer)inJoseph Turner(Executive Officer)Andrew Gregg(Executive Officer, Director)inJTJoe Turner(Co-Founder & Chief Operating Officer)in

BoardPCPaige Craig(Director)in

Co-investors0B0BS64640 OxfordALAlumni VenturesB B Capital GroupB4B4 CapitalBVBVVC+14 more

Hedgehog builds AI-native networking software that decouples network control from proprietary hardware, using an intent-based approach to deploy and manage network fabrics for AI training and inference workloads.

AI & Machine LearningCloud ComputingData & InfrastructureSeattle, US

MAMarc Austin(CEO, Co-Founder)inSergie Lukianov(Chief Architect, Co-Founder)inManish Vachharajani(CTO)inChrissy Hildebrandt(VP Finance)inGabe Montanti(VP Sales)inMatthew Moore(VP Marketing)in

Co-investorsASAscend Venture CapitalMEMEDINA VENTURESALAlameda ResearchSOSolana FoundationTETenzor Capital

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

LRLiza Rodewald(Founder)in

Co-investorsBLBlue StartupsBLBlueTree Venture CapitalFRFrontier Venture CapitalPLPlug and Play VenturesSQSQUADRA VENTURES

Lonestar builds orbital data storage and AI infrastructure, placing "data embassies" on satellites and the Moon to preserve critical information under a customer's own sovereign legal authority.

AI & Machine LearningData & InfrastructureSpace TechSt Petersburg, US

Christopher Stott(Executive Officer, Director)Carol Goldstein(Executive Officer)inMark Matossian(Executive Officer)Michael Potter(Director)

BoardBCBradley C. Harrison(Director)inJose Hernandez(Director)

Co-investorsSCScout VenturesSCScout VenturesATAtypical VenturesIRIronGate Capital AdvisorsKIKittyHawk VenturesSESeldor Capital

Lone Star Lunar operates space-based data storage and sovereign AI inference platforms called StarVaults, which orbit Earth and the Moon.

AI & Machine LearningCloud ComputingSpace Tech

Co-investorsBABackswing VenturesGAGaingelsIRIronGate Capital AdvisorsSCScout VenturesSCScout Ventures

Natilus develops next-generation blended wing body aircraft for commercial cargo and passenger operations, designed to improve fuel efficiency, reduce emissions, and increase payload capacity.

Advanced ManufacturingCleantechSan Diego, US

AMAleksey Matyushev(Founder)in

Co-investorsAUAurum Venture PartnersBEBeni Venture CapitalCACapital FactoryDRDraper AssociatesFLFlucas VenturesGRGroundswell Ventures+11 more

OneRange is an AI-powered platform that helps companies identify workforce skills gaps, develop employee competencies through personalized upskilling, and anticipate future skill needs.

AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaS

SGSteve Gilman(Co-founder & CEO)inHFHoutan Fanisalek(Co-founder & CTO)in

Co-investorsOSOssian CapitalCOContext Ventures

Pixly.ai is a cloud-based mobile app for photo and video documentation of construction projects, letting field teams capture, tag, organize, and share time- and location-stamped images along with punch lists and task tracking.

AI & Machine LearningConstruction TechSaaS

LMLee Millsin

Proteus Space designs custom spacecraft buses tailored to individual payload requirements using generative design and flight-proven components, eliminating the compromises of standardized bus solutions.

Deep TechHardwareSpace TechLos Angeles, US

David Kervin(Executive Officer, Director)

BoardAndrew Shapiro-Scharlotta(Director)CCCraig Cummings(Director)inStephen Smoot(Director)inDouglas Dreyer(Director)

Co-investorsACACADEMY INVESTORAIAIN VenturesCRCrosscut VenturesINIndustrious VenturesMAMana VenturesMOMoonshots Capital+2 more

Refacture recovers materials from industrial processes and re-engineers them into critical materials for modern manufacturing, including silicon carbide for semiconductors and ceramics, rare earth elements for EVs and electronics, and recovered graphite and metals for battery, smelting, and defense applications.

Circular EconomyCleantechNew Materials

Co-investorsIRIronGate Capital Advisors

SplashOne presents itself as a gated "defense system" that requires requesting access credentials, but the page provides no concrete detail about what it builds.

Defense Tech

Jeff Wright(Founder)in

Co-investorsMUMultiball CapitalOVOverline

Stitch3D is a cloud-based platform for hosting, viewing, and collaborating on point clouds, LiDAR scans, orthos, and other 2D/3D spatial data through a browser, with a real-time multiplayer web viewer, georeferenced maps, and volume and reporting tools.

Cloud ComputingConstruction TechSaaSTacoma, US

CYClark Yuan(Founder & CEO)inJeffrey Jakinovich(Executive Officer)

Co-investorsAUAutomotive Ventures MobilityDODorm RoomCOContext Ventures

TERN builds IDPS (Independently Derived Positioning System), a software-only navigation architecture that maintains real-time vehicle positioning without satellites or GPS signals using existing sensors, digital maps, and proprietary AI.

AI & Machine LearningDefense TechMobility & TransportationAustin, US

BHBrett Harrison(Co-founder)inSMShaun Moore(Co-founder)in

Co-investorsBVBVVCSCScout VenturesSCScout VenturesLELeo CapitalLOLocalGlobeNONotion Capital+1 more

Vatn designs and manufactures low-cost, modular autonomous underwater vehicles with proprietary autonomy, navigation, and control software for undersea ISR, logistics, sensing, and payload delivery missions.

Defense TechHardwareRoboticsProvidence, US

FMFrederick Mills(Founder)inNMNelson Mills(Founder)inGeoff Manchester(Founder)inDan Hendrix(Founder)Freddie Mills(Founder)

BoardTHThomas Hendrix(Director)in

Co-investorsAIAirbus VenturesBABackswing VenturesBEBeyond CapitalBLBlue CollectiveBVBVVCCACapital Factory+18 more

VetraFi is a digital banking platform serving the U.S. military community—active service members, veterans, and their families.

Fintech

Co-investorsEVEvolution VC PartnersOSOssian CapitalSTStartXCOContext Ventures