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Find the right Defense & Dual-Use Investor
Point 72 Ventures
Point72 Ventures is the venture capital arm of billionaire Steve Cohen's Point72 Asset Management, founded in 2016. What started as Cohen applying his capital to early- and growth-stage technology startups has evolved into a sophisticated venture operation that has backed over 130 companies across fintech, AI/ML, enterprise software, healthcare, and defense tech.
Alumni Ventures
Alumni Ventures (AV) started in 2014 with a simple but powerful idea: leverage alumni networks to democratize access to venture capital investing. What began as a single Dartmouth alumni fund has grown into a network-powered VC firm managing approximately $1.4-1.5 billion across 25+ funds, backed by over 11,000 investors.
In Q Tel (IQT)
In-Q-Tel (IQT) is the CIA's nonprofit venture arm, founded in 1999 to ensure U.S. intelligence agencies have access to cutting-edge commercial technology. Operating as a 501(c)(3) strategic investment firm, IQT is funded largely by U.S. intelligence budgets and has built an impressive portfolio of roughly 800 investments over its 25+ year history.
First In Ventures
First In Ventures launched in 2020 with a focused mission: back cybersecurity, defense tech, and data startups, especially those founded by military veterans. This early-stage VC firm closed its Fund I in early 2022 at roughly $55 million total, after starting with an initial close of about $17 million in June 2021.
Lux
Founded in 2000, Lux Capital has grown into one of the most prominent venture firms backing ambitious science and technology companies. With roughly $5 billion under management across about 10 flagship and opportunity funds, Lux operates at a scale that allows them to make big bets on capital-intensive "hard tech" opportunities.
Iron Gate
IronGate Capital Advisors operates from Tampa, Florida, with a clear mission: deploy private capital into early-stage companies whose advanced technologies serve both U.S. defense/intelligence needs and civilian markets. This "dual-use" approach lets them back startups that can scale across multiple sectors while strengthening national security capabilities.
R2 (Risk & Return) Ventures
R Squared (Risk & Return) Ventures launched in 2020 with a focused mission: bolster "national resilience" through strategic technology investments. This U.S.-based early-stage venture firm operates at the intersection of national security, healthcare, and emerging technologies, backing innovations that can strengthen America's capabilities while generating strong returns.
Scout Ventures
Scout Ventures started in 2012 (originally as BHV Entrepreneurship) with a unique thesis: back tech founders with military, intelligence, or national lab backgrounds who are tackling the hardest technical challenges. Over more than a decade, this Austin-based firm has evolved into a leading dual-use technology investor, bridging commercial innovation with national security applications.
Shield Capital
Shield Capital launched in 2021 with a clear mission: invest in "frontier technologies" that serve both commercial markets and national security needs. Co-founders Philip Bilden and Raj Shah established the firm to back innovators working on artificial intelligence, autonomy, cybersecurity, and space technologies - all critical areas for defense and dual-use applications.
Silent Ventures
Silent Ventures is a Dallas-based venture capital firm that launched in 2022 with a laser focus on early-stage aerospace, defense, national security, and deep technology startups. Founded by serial entrepreneur Jackson Moses, the firm has quickly established itself as a key player in the defense tech ecosystem, backing dozens of cutting-edge companies building everything from autonomous drones to hypersonic missiles.