Published focus is not a current investment mandate or verified portfolio exposure. Only recorded stages are used; absent check sizes and fund terms are not inferred.
Published investor focus
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BAE Systems Launchpad
United States
BAE Systems says Launchpad creates and grows startups, accelerates early-stage transformative defense research, supports dual-use innovation, and invests in venture-capital funds backing defense-tech startups.
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Black Flag
United States
Black Flag says it provides capital and hands-on support to founders building in AI, aerospace, biology, energy and robotics, and states that it invests $500K–$5M and invests early.
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Caladan Capital
United States
Caladan's official investments page documents portfolio companies in marine technology, fiber-optic maritime sensing, and autonomous military aircraft (including Hivemind/V-BAT capabilities).
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Caterpillar Ventures
United States
Caterpillar's official article describes Caterpillar Ventures as its way to invest in startups advancing technologies that solve customer challenges, including autonomy and robotics.
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DCVC
San Francisco, CA, United States
DCVC is a deep-technology venture capital firm backing companies based on engineering and scientific breakthroughs. Its portfolio and investment themes include space, robotics, autonomy, and national-security applications.
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Draper Associates
United States
Draper's site lists aerospace and space as an industry and presents investments in technology companies using AI, robotics, or automation.
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Embedded Ventures
Los Angeles, CA, United States
Embedded Ventures invests in founders developing frontier technologies with national-security and commercial applications. Its thesis emphasizes hardware, space, defense and other technologies that can transition between government and commercial markets.
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Expeditions Fund
United States
The fund's stated focus covers defense, intelligence, autonomy/AI, advanced/edge computing and cybersecurity; its portfolio/deal materials identify Qomodo (IoT threat management), Calypso AI (AI-model security), Labrys Technologies (GovTech network management) and Disruptive Industries (OSINT).
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Founders Fund
San Francisco, CA, United States
Founders Fund is a venture capital firm investing across stages and sectors. Its portfolio includes aerospace, defense, space infrastructure, and autonomy companies.
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Harpoon Ventures
San Jose, CA, United States
Harpoon Ventures is a venture capital firm investing in emerging technologies relevant to national security. The firm focuses on deep technology and works with founders developing products for defense and commercial markets.
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Honeywell Ventures
United States
Honeywell's official release says its Honeywell Ventures investment fund has strategic investments in robotics companies, including Soft Robotics.
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Industrious Ventures
United States
Industrious Ventures' official portfolio page names AstroForge and Canopy Aerospace and describes investments in advanced propulsion for national security and space, autonomous navigation, and electrification of aerospace, defense, and marine systems.
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Inflection
United States
OpenVC profile lists first checks at idea stage across cryptography, robotics, aerospace, defense tech and critical infrastructure.
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Institutional Venture Partners (IVP)
United States
IVP's official portfolio page lists Skydio and calls it the leading U.S. drone manufacturer and a world leader in autonomous flight.
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Khosla Ventures
United States
Robotics/defense investor research documents robotics and frontier-technology activity relevant to dual use.
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Linse Capital
United States
Linse Capital's official portfolio page lists Skydio and describes it as the leading U.S. drone manufacturer and world leader in autonomous flight.
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Lux Capital
New York, NY, United States
Lux Capital is a technology venture firm investing in companies built around scientific and engineering breakthroughs. Its portfolio and investment activity include defense, space, robotics, AI, cybersecurity and other dual-use frontier technologies.
Lux’s May 21, 2026 quarterly report discusses defense and industrial investment and names companies including Cambridge Aerospace, EnduroSat and Kela. This provides evidence of interest across allied defense and space markets. The report is not a current eligibility policy or a statement of check size for a new company. Offering context reviewed October 2, 2026.
Research the partner and portfolio relevant to your specific technology, then confirm investment stage, jurisdiction, current fund and lead/follow preference. Explain the technical milestone and business model rather than relying on the broad defense label. Ask about competitive overlap and the evidence required to move from an introduction to diligence.
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Menlo Ventures
United States
Menlo's defense practice says it invests across motors and actuators for drones and robots, uncrewed systems, space and air defenses, and software/intelligence.
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MVP Ventures
United States
Official portfolio lists Saronic, Allen Control Systems, Stoke Space and Darkhive.ai, covering autonomous maritime defense, autonomous weapons, space and military drones.
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New North Ventures
Boston, MA, United States
New North Ventures backs early-stage founders applying deep technology to industrial, defense and national-security problems.
New North Ventures describes national-security, AI and deep-tech experience and publishes HawkEye 360 as portfolio evidence. Its site describes support at the intersection of startups and government. That is a reason to research mission and business-model fit, not a promise of customer access or funding. Offering context reviewed October 2, 2026.
Confirm the current fund’s stage, geographic/legal requirements, round size and lead/follow preference. Prepare the commercial and national-security use cases, evidence behind each and milestone the round funds. Ask which team member would sponsor diligence and what evidence is required before a decision.
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Overmatch Ventures
Washington, DC, United States
Overmatch Ventures invests in companies developing technology for defense and national security. The firm is focused on entrepreneurs and products that give military and government users an operational advantage.
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Playground Global
United States
Official portfolio lists Relativity Space and describes it as building an autonomous rocket factory and launch services for satellites.
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Protego Ventures
United States
Protego says it invests in early growth-stage companies across defense areas including sensors, AI/ML, and autonomous systems such as drones and UAVs.
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Riot Ventures
Los Angeles, CA, United States
Riot Ventures invests in founders building the next generation of defense and national-security companies. Its focus includes defense technology, aerospace, autonomy, and cybersecurity.
Questions to resolve
- Which published thesis and portfolio examples fit your technology?
- Does the current fund fit your stage, jurisdiction and round?
Continue your research
- Autonomous systems: companies, products and buyer research
- Department of Defense: technology contract and supplier research
- Department of the Air Force: technology contract and supplier research
- Department of the Army: technology contract and supplier research
- Department of Energy: technology contract and supplier research
- Department of Health and Human Services: technology contract and supplier research
- National Institutes of Health: technology contract and supplier research
- Department of Justice: technology contract and supplier research
- Drug Enforcement Administration: technology contract and supplier research
- General Services Administration: technology contract and supplier research
- Federal Acquisition Service: technology contract and supplier research
- National Aeronautics and Space Administration: technology contract and supplier research