The world of defense and aerospace just got a major shake-up.
Veteran Ventures Capital, a McLean, Virginia-based firm, has successfully closed its second fund—Veterans Fund II—at an impressive $60 million.
This marks a huge leap from their first $20 million fund, setting the stage for even bigger moves in national security technologies.
Backing from Big Players
This new fund didn’t come together alone.
It drew strong support from institutional investors such as the Virginia Innovation Partnership Corporation, the State of Tennessee, and several university endowments.
On top of that, Hersh Family Investments, well-known family offices, and wealth management firms also stepped in, giving the fund both credibility and solid financial backing.
Fueling Innovation at the Right Time
The timing couldn’t be better.
With defense and aerospace experiencing rapid changes, this fund gives Veteran Ventures Capital the resources to accelerate mission-critical innovations.
Their focus is clear: dual-use technologies that can serve both military and civilian needs.
The Leaders Behind the Mission
At the helm are Steve Kiser, Derren Burrell, and Josh Weed—leaders with a shared vision.
The firm is proudly veteran-owned and places a strong emphasis on investing in veteran-led companies.
Their focus spans across advanced fields like defense, aerospace, robotics, cybersecurity, advanced sensing, quantum sensing, and edge computing.
Where the Money Is Going
The fund has already started making investments in companies that are pushing boundaries:
- Agile Space Industries: A leader in chemical in-space propulsion.
They’re tackling the global shortage of high-thrust systems using additive manufacturing and vertical integration.
Their backers include Lockheed Martin Ventures and top national security customers in the space sector. - Turion Space: Known for its proprietary DROID satellite system, this company is transforming non-Earth imaging and real-time space domain awareness at significantly lower costs.
With more than $30 million in STRATFI/TACFI awards and deep integration with the U.S. Space Force Unified Data Library, they’re making serious strides.
What Lies Ahead
With triple the power of its first fund, Veteran Ventures Capital is positioned to become a major player in shaping the future of defense and aerospace technologies.
For veterans leading innovation in dual-use fields, the message is clear: the runway for growth just got a lot longer.
