Marlinspike Partners has expanded its investment platform after successfully closing its second venture capital fund with commitments totaling $127 million.
The new fund is designed to accelerate investment in emerging companies developing technologies that serve both commercial markets and national security priorities.
The Arlington, Virginia-based investment firm said the latest fundraising milestone reinforces its strategy of backing innovative businesses operating in sectors considered essential to future economic growth and defense capabilities.
Fund Receives Backing From Existing and Institutional Investors
The newly completed Marlinspike Disruptive Technology Fund II attracted support from a diverse group of investors.
Returning backers participated alongside family offices, Conway Investment Solutions, and institutional investors, including the Fairfax County Employees’ and Police Officers Retirement Systems.
The mix of long-term partners and institutional capital reflects continued confidence in the firm’s investment strategy and its focus on high-impact technology companies.
Focus Remains on Dual-Use Technologies
Marlinspike intends to deploy the capital into early-stage businesses developing technologies with applications in both civilian industries and national security operations.
The investment strategy will primarily target companies based in the United States and allied nations.
Key areas of interest include artificial intelligence, autonomous systems, advanced manufacturing, and other mission-critical technologies that are expected to play an increasingly important role in defense, infrastructure, and industrial modernization.
Firm Continues Strategy Built Around Critical Innovation
Founded in 2020, Marlinspike Partners has positioned itself as a specialist venture capital firm focused on the convergence of advanced technologies and national security needs.
The company is led by Chief Executive Officer Neil Keegan and Managing Partner and Chief Investment Officer Mislav Tolusic.
From its headquarters in Arlington, Virginia, the firm has concentrated on identifying startups working across artificial intelligence, autonomy, advanced manufacturing, and related strategic sectors.
Growing Portfolio Across Two Investment Funds
Marlinspike’s first disruptive technology fund was launched in 2022 and built a portfolio that includes companies such as Anduril Industries, Armada, Voyager Technologies, and Elroy Air.
Its second fund, introduced in 2024, has continued that investment approach by taking positions in companies including Layup Parts, Kodiak AI, BrightAI, and JetZero, further expanding the firm’s exposure to next-generation industrial and defense-focused technologies.
