The Veteran Fund

Established in 2021 and headquartered in San Francisco, The Veteran Fund is a venture capital firm that invests in early-stage, high-growth technology startups led by exceptional founders from the military community.

Brett Beckett

Venture Partner

Kevin Bubolz

Venture Partner

Mark Divine

Venture Partner

Brent Eastwood Ph.D

Venture Partner

Justin Nahama JD

Co-Founder and General Partner

Isaac Riddle

Venture Partner

Carlos Romero

Venture Partner

Lucas Rotter

Venture Partner

Lisa Sutton

General Partner

Past deals in Defence

Proteus Space

Seed Round in 2025
Proteus Space designs and builds custom satellite buses and provides payload integration, including complete bus builds with payload installation, environmental testing and qualification, and licensing and insurance services for missions. The company also develops autonomous digital engineering and digital twin systems to support modeling, engineering and testing of custom satellites, enabling designers to model, engineer and test missions while reducing errors and increasing production speed.

Vatn Systems

Seed Round in 2024
Vatn Systems develops affordable autonomous underwater vehicles that operate cooperatively in swarms. Its core technology is advanced navigation software designed for GPS-denied environments, reducing hardware costs.

HavocAI

Seed Round in 2024
HavocAI specializes in developing autonomous maritime solutions for both defense and commercial sectors. The company produces small, uncrewed surface vessels equipped with modular designs and AI-driven services. These services aim to enhance mission efficiency, mitigate communication and navigation challenges, and secure asset management, enabling a single operator to oversee multiple unmanned assets.

Firestorm

Seed Round in 2024
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

Proteus Space

Seed Round in 2023
Proteus Space designs and builds custom satellite buses and provides payload integration, including complete bus builds with payload installation, environmental testing and qualification, and licensing and insurance services for missions. The company also develops autonomous digital engineering and digital twin systems to support modeling, engineering and testing of custom satellites, enabling designers to model, engineer and test missions while reducing errors and increasing production speed.

Firestorm

Seed Round in 2022
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

Candelytics

Pre Seed Round in 2022
Candelytics is an accelerator-backed startup building the digital infrastructure to support the coming revolution in 3D data. We are partnered with the Navy Information Warfare Center's (NIWC) research lab to leverage LIDAR-based technology and develop advanced analytics that will make 3D data accessible, intelligent, and impactful across a diverse array of operational environments.
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