- Shield Capital announced the successful launch of its inaugural venture capital fund. These are the details.
Shield Capital (SHIELD) has announced the successful launch of its inaugural venture capital fund to support entrepreneurs building technologies critical to commercial and national security customers. Launched in stealth mode, Shield Capital Fund I, LP exceeded target capitalization of $120 million. SHIELD is operational with a focused investment strategy in four high-growth frontier technology domains: artificial intelligence, autonomy, cybersecurity, and space.
Founded and headed by VC industry and national security veterans, Philip Bilden and Raj Shah, the management team is comprised of seasoned investors and company builders who have founded and scaled several successful start-ups and invested in more than 70 companies. Plus the SHIELD team has extensive national security backgrounds and networks in the U.S. military, intelligence community, and aerospace & defense industry.
SHIELD’s portfolio companies utilize the team’s entrepreneurial expertise in founding and scaling successful companies with extensive networks in the national security ecosystem. And SHIELD has invested in and supported innovative companies including Resilience Insurance, Hawkeye360, Elroy Air, GoSecure, Authentic8, and Rebellion Defense.
SHIELD’s National Security Advisory Board includes Ashton Carter, former Secretary of Defense; LTGEN H.R. McMaster, USA (ret.), former U.S. National Security Advisor; ADM James Stavridis, USN (ret.), former NATO Supreme Allied Commander, Europe; Letitia Long, former Director of National Geospatial-Intelligence Agency; and Sean Stackley, President, L3 Harris Technologies, former Acting Secretary of the Navy.
KEY QUOTES:
“SHIELD has been formed to address an under-competed but critical gap in the venture capital market and defense industrial base. Our team combines extensive venture investment and company founder experience with deep expertise in highly technical domains to identify and support early-stage innovators making a difference in our national security innovation. For the SHIELD team, the mission matters.”
— Philip Bilden, Managing Partner, and former co-founding member of global private equity firm, HarbourVest Partners
“Start-ups able to serve both commercial and national security customers will outperform the market. SHIELD’s entrepreneur-friendly, focused investment strategy supports these high-growth companies with scaling and market access – ultimately delivering national security innovation for free nations.”
— Raj Shah, Managing Partner, serial entrepreneur and former director of the Defense Innovation Unit, the Pentagon’s flagship innovation organization
