The Veteran Fund
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
The Veteran Fund firmographics
Firmographics- Name
- The Veteran Fund
- Legal name
- The Veteran Fund
- Website
- https://veteran.fund
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
The Veteran Fund industry classification
Industry- Product category
- Venture Capital / Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
Keywords
Where The Veteran Fund is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Veteran Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Venture Capital Fund Management: The Veteran Fund generates returns through traditional venture capital fund economics, including management fees on committed capital and carried interest (typically 20%) on investment gains. The fund invests LP capital into portfolio companies at seed stage with potential for 100x+ returns. Additional revenue streams include SPV participation fees and co-investment opportunities for LPs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Fund I oversubscribed with ~100 partners supporting the fund |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
The Veteran Fund product offering
Product offeringCore offering
The Veteran Fund is a venture capital firm that makes seed-stage investments of $500K-$2M in veteran-led critical technology startups, with target valuations of $5M-$25M and an investment thesis targeting 100x+ growth potential. The firm manages Fund I (oversubscribed) and is raising Fund II (targeting $50M), earning returns through management fees and carried interest, supplemented by SPV co-investment opportunities for LPs through The Veteran Fund Syndicate.
Product overview
The Veteran Fund is a next-generation venture capital firm that backs high-growth critical technology startups led by elite military veterans. The firm operates Fund I and Fund II, targeting seed-stage companies with valuations of $5M-$25M and check sizes of $500K-$2M. The firm also operates The Veteran Fund Syndicate, an accredited investor network providing direct investment opportunities in portfolio companies. Additionally, the firm supports the Founder Institute Veteran and Military Family Accelerator program for veteran entrepreneurs. The fund's portfolio spans across defense technology, autonomy, aerospace, cybersecurity, AI infrastructure, and advanced manufacturing sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- The Veteran Fund Fund I
- The Veteran Fund Fund II
- The Veteran Fund Syndicate
- Founder Institute Veteran and Military Family Startup Accelerator
Quantifiable outcome
- Top-decile performance among VC firms
- +2 more outcomes
Companies that use The Veteran Fund
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
The Veteran Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Veteran Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- General Stanley McChrystal (U.S. Army, Ret.)flagshipEarly LP and supporter of The Veteran Fund. Former Four Star General and former commander of U.S. forces in Afghanistan. Hosts annual LP dinner at his home and provides strategic guidance. Serves as prominent ambassador for the fund's mission.
- General Trent EdwardscoreFormer Director of Air Force Budget Operations and Personnel with extensive DoD experience. CEO of T.H. Edwards Consulting specializing in aligning business capabilities to Department of Defense strategic priorities. Board member of Navy Federal Credit Union.
- General Scott KindsvatercoreRetired U.S. Air Force Three Star General and former Deputy Chairman of the NATO Military Committee. Nearly four decades in intelligence, operations, and multinational defense strategy. Brings unmatched insight and strategic thought partnership.
- Founder InstitutecorePartnership to operate the FI Veteran and Military Family Startup Accelerator. Free program for US veterans and military spouses building technology startups, supported by JPMorganChase scholarship. Annual pitch competition awarding $100,000 investment.
- Liberty VenturesminorPartner for Necker Island leadership retreat hosting mission-aligned leaders for conversations around entrepreneurship, freedom, innovation, AI, and future of human flourishing.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
The Veteran Fund competitors and assessment
Company assessmentDirect peers
- Scout Ventures: Seed-stage VC focused on defense, dual-use, and emerging technology startups. Scout Ventures co-led HavocAI's $11M seed round alongside The Veteran Fund, making it a directly comparable peer in sourcing and backing veteran-adjacent critical tech companies.
- Shield Capital: Early-stage VC investing in companies serving national security and commercial markets, with focus areas overlapping Veteran Fund's thesis (cyber, AI, autonomy). Shield Capital invested in Veteran Fund portfolio company Autonomous Cyber.
- Decisive Point: Venture firm investing in dual-use, defense, and security technologies. Decisive Point co-invested in HavocAI's seed round alongside The Veteran Fund, making it a directly comparable peer in early-stage critical tech investing.
- New North Ventures: Early-stage VC investing in national security and defense technology companies founded by military veterans and intelligence professionals. Co-invested in HavocAI with The Veteran Fund, sharing an overlapping thesis around veteran founders in critical tech.
- Outlander VC: Early-stage VC focused on emerging technology and frontier markets, with active participation in defense-adjacent deals. Outlander led Glid's pre-seed round in which The Veteran Fund also invested.
- 8VC: Venture firm founded by Joe Lonsdale with a strong focus on defense, dual-use, and national security technologies. Operates a similar model of backing mission-driven founders in critical industries, often co-investing alongside Veteran Fund peers.
Broad incumbents
- Lux Capital: Established deep-tech VC investing in science and technology companies at the intersection of commercial and government markets, including defense and aerospace. Larger and more diversified than Veteran Fund but overlapping in critical tech thesis.
- Founders Fund: Prominent VC firm with a longstanding national security and defense portfolio. Connected to The Veteran Fund through LP Jack Selby (Managing Director of Thiel Capital) and Peter Thiel's ecosystem of backers.
- Andreessen Horowitz: Mega-VC with a growing American Dynamism thesis investing in defense, manufacturing, and public-sector technology. Operates at much larger scale but increasingly competes for the same critical tech and defense startup opportunities.
- General Catalyst: Large diversified VC with a growing defense and dual-use practice. Has raised dedicated funds targeting national security and government-adjacent technology, overlapping with Veteran Fund's thesis at a much larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Veteran Fund social profiles
Digital presenceThe Veteran Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Veteran Fund leadership team
Management profileNumber of profiles
Profiles4 records
The Veteran Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Veteran Fund M&A and investment
M&A and investmentM&A
Investments25 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Veteran Fund
What does The Veteran Fund do?
The Veteran Fund is a venture capital firm that makes seed-stage investments of $500K-$2M in veteran-led critical technology startups, with target valuations of $5M-$25M and an investment thesis targeting 100x+ growth potential. The firm manages Fund I (oversubscribed) and is raising Fund II (targeting $50M), earning returns through management fees and carried interest, supplemented by SPV co-investment opportunities for LPs through The Veteran Fund Syndicate.
Is The Veteran Fund a public or private company?
The Veteran Fund is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Veteran Fund founded?
The Veteran Fund was founded in 2022. It employs 11 to 50 people.
Where is The Veteran Fund based?
The Veteran Fund is headquartered in San Francisco, United States, in the North America region.
How does The Veteran Fund make money?
One revenue line is on record: venture Capital Fund Management.
Who are The Veteran Fund's main competitors?
Direct peers on record are Scout Ventures, Shield Capital, Decisive Point, New North Ventures, Outlander VC and 8VC. Broad incumbents are Lux Capital, Founders Fund, Andreessen Horowitz and General Catalyst.
Does The Veteran Fund have an API?
No public API is recorded for The Veteran Fund.
What industry is The Veteran Fund in?
The Veteran Fund's product category is Venture Capital / Private Equity Fund Management. Its primary akta.pro industry code is FSANAGAC, Venture Capital Fund-of-Funds. Its NAICS code is 523940 and its SIC code is 6282.