The Veteran Fund announced an oversubscribed closing of their inaugural investment Fund I. This fund was launched to support and empower veterans across the U.S. in their journey post-service. Launched by General Partners Ryan Micheletti, Mike Sherbakov, Lisa Song Sutton, and Justin Nahama, The Veteran Fund invests in early-stage startups led by veterans, focusing on critical, dual-use technologies that address national and commercial challenges.
This Veteran Fund is dedicated to advancing America through venture capital. It focuses on sectors where technology meets the mission, like cybersecurity, AI, drones, space, advanced computing, and additive manufacturing. By investing in veteran-led companies, the fund turns expertise into transformative technologies, propelling the U.S. forward in both national security and commercial markets.
This fund’s rapid success is reflected in its oversubscription and portfolio performance, a testament to its compelling mission. And this milestone highlights the growing recognition of dual-use technologies that address critical priorities while unlocking commercial opportunities.
Veterans face major challenges when transitioning to the private sector, including limited access to funding, mentorship, and navigating complex regulatory landscapes. And the Veteran Fund addresses these obstacles by offering more than just financial support:
— Strategic Mentorship and Operational Guidance
— Access to Non-Dilutive Funding Opportunities
— Introductions to Industry Leaders and Government Agencies
— A Thriving Community of Veteran Entrepreneurs
These resources helped the fund build a portfolio of innovative companies like a data center company that successfully landed on the moon and a cybersecurity company led by a Navy SEAL protecting critical infrastructure.
This past Veterans Day, The Veteran Fund underscored a commitment to empowering veterans to transform what is possible in venture-backed startups by hosting a $100,000 Veteran Pitch Competition with Jason Calacanis. And at the event, one winner was awarded a $100,000 investment from The Veteran Fund, and Jason Calacanis committed to reviewing the company for investment as well.
With plans to launch a larger Fund II in 2025, The Veteran Fund is eager to engage with values-aligned investors and veteran founders who share its vision for advancing America through technology.
KEY QUOTES:
“Veterans bring unmatched resilience, leadership, and mission-driven mindsets to the private sector. The Veteran Fund was created to harness this potential, empowering veteran entrepreneurs to drive advancements in technology while securing America’s future.”
– Ryan Micheletti
“Our investors see the value in veteran-led businesses that tackle complex challenges with resilience and precision. This momentum allows us to expand our reach, scaling investments and preparing for the launch of Fund II, which will support an even larger portfolio of impactful startups.”
– Lisa Sutton
“Our mission is about more than financial returns. We’re building a legacy that honors veterans’ service by supporting their transition into impactful entrepreneurs who lead in innovation and resilience.”
– Justin Nahama
“By empowering veterans to build billion-dollar technology companies, we’re not just investing in great businesses. We are investing in the future leaders of our country.”
– Mike Sherbakov
