Washington D.C. – Veteran Ventures Capital (VVC), a pioneering venture capital firm owned and operated by military veterans, has announced the successful closing of its second fund at $60 million. The fund was heavily oversubscribed, demonstrating strong investor appetite for VVC’s unique focus on dual-use technologies that serve both commercial and national security interests. Fund II is three times the size of the firm’s inaugural fund, marking a significant milestone for the organization.
VVC’s investment thesis centers on identifying and nurturing early-stage companies that are developing cutting-edge technologies with broad market applications. The firm targets high-growth sectors such as space technology, autonomy, quantum sensing, artificial intelligence/machine learning (AI/ML), and robotics. By focusing on dual-use innovations, VVC is able to tap into the stability and long-term demand of the defense sector while also capitalizing on the rapid growth potential of commercial markets. This strategy not only provides a diversified portfolio for its investors but also plays a crucial role in strengthening the nation’s technological capabilities.
The firm has already made strategic investments from Fund II, backing promising startups like Agile Space Industries, a leader in in-space propulsion systems, and Turion Space, which is developing solutions for space situational awareness and debris removal. These investments reflect VVC’s commitment to supporting companies that are solving some of the most complex challenges of our time. The VVC team, composed of seasoned veterans with deep operational and technical expertise, provides invaluable guidance and mentorship to its portfolio companies, helping them navigate the complex landscape of government contracting and commercial market entry.
The successful closure of this oversubscribed fund is a testament to the growing recognition of the value and potential of dual-use technology. As geopolitical and technological landscapes continue to evolve, the ability to leverage innovations across both defense and commercial applications is becoming increasingly critical. Veteran Ventures Capital is well-positioned at the forefront of this movement, driving innovation and creating value for its investors, its portfolio companies, and the nation as a whole.
