Veteran Ventures Capital closes $60M fund to back veteran-led defense startups
Veteran Ventures Capital (VVC) has closed its second fund, Veterans Fund II, raising $60 million — 20% above its initial target. The fund focuses on veteran-led startups developing dual-use technologies that serve both commercial and national security purposes. Areas of interest include space technology, autonomous systems, AI and machine learning, cybersecurity, robotics, and quantum sensing.
The fund is already deploying capital to promising companies addressing high-impact challenges. Early investments include Agile Space Industries , which develops chemical in-space propulsion systems, and Turion Space , building satellite architectures for real-time space monitoring. These startups exemplify VVC’s mission to support technologies critical to national security while driving innovation in emerging aerospace and defense sectors.
VVC emphasizes capital efficiency , with its portfolio companies securing over $250 million in non-dilutive government funding to date. Headquartered in McLean, Virginia, the firm is strategically positioned near the Department of Defense and key industry partners, providing startups with access to a rich ecosystem of defense and technology resources. The successful closing of Veterans Fund II reflects strong investor confidence in the team and the growing momentum of veteran-led innovation in defense technology.
Source:
A.M.
