Veteran Ventures Capital announced that it had successfully closed its Fund II. The fund raised $25 million, half of its $50 million target. This milestone was reached in less than five month and highlights the strong confidence of investors in Veteran Ventures’ theory and execution. The focus is on investing in dual use national security technology businesses led and managed by veteran entrepreneurs.
The Virginia Innovation Partnership Corporation and the State of Tennessee made significant investments to support the first close. The team is also honored to continue receiving investment and guidance from anchor investors Ken Hersh, and the dedicated Hersh Family Investments team. Their unwavering commitment underscores the potential of VVC’s strategy.
Veteran Ventures portfolio companies have also received markups in 60% of cases, and several more are expected to be added in the coming months. This performance is a testimony to the hard work, resilience and success of Fund I portfolio businesses founded or led by veteran entrepreneurs.
Veteran Ventures Capital supports the next generation of veteran led businesses that develop future technologies vital to national security. The focus on dual-use technology ensures that portfolio investment benefits the defense sector as well as having commercial applications, driving wider economic impact and opportunity.
VVC Veterans Fund II offers investors a unique chance to invest in a mission-driven, venture capital firm which combines financial returns and a commitment to national safety. Veteran Ventures Capital uses the unique skills, leadership qualities, and discipline inherent in veterans to invest in dual-use technology companies that are rapidly growing.
KEY QUALITIES:
Our inaugural fund has proven the effectiveness of our investing approach by securing over $130 millions in non-dilutive funding from government across our portfolio companies. This has effectively de-risked investments and provided a strong foundation for growth and innovation.
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Managing Partner Derren Burrell
Veteran Ventures Capital, with its momentum and newly recapitalized capital, is well-positioned to continue supporting veteran entrepreneurs and advancing technology for national security. We look forward to partnering up with more investors that share our vision of building excellent companies that make a meaningful impact.
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General partner Josh Weed