Embedded Ventures, an early-stage deep tech venture capital firm, has announced the first closing of its US$100 million (£81 million) inaugural fund. The minority-led firm takes a commercial-first approach to investing in early-stage start-ups with applications that can serve the Department of Defence, focusing on cutting-edge start-ups in Digital Engineering, Advanced Manufacturing and Space Operations.
Co-founders Jenna Bryant and Jordan Noone both have non-traditional backgrounds and are more hands-on than the typical VC-firm, offering potential founders not just capital, but also their extremely talented and forward-thinking team.
Co-founder and CEO Jenna Bryant shares what this inaugural fund close means for the future of Embedded Ventures, “With this first close, we will be able to continue deploying capital to under-noticed and under-valued companies in the market, where we can help them realise their true value.”
“Our national security and economic prosperity are at an inflection point, making investment into the technologies that will transform static markets and introduce entirely new ones more critical than ever,” says co-founder and CTO Jordan Noone.
To date, the fund has announced investments in Akash Systems Inc., Chromatic 3D Materials, Inversion, KittyCAD, Slingshot Aerospace and Skyryse.
