Australia's first veteran-owned venture capital firm
Disruptive
by design.
We invest at the sharpest edge of national capability. Backing founders and technology across defence, intelligence and national security.
We are operators, innovators and investors with deep experience inside national security.
We help founders shape, build and scale into an opaque but critical market. Venture discipline, applied to the most unforgiving problems. Investment is where we start. It is rarely where we finish.
Strategic risk has returned. Technology is deciding it.
Australia and its allies are rebuilding capability at a pace not seen in generations. AUKUS, sovereign industrial policy, and a generation of operators becoming founders. That window is open. We exist to move through it.
Eight domains that will decide strategic advantage.
AI, Autonomy & Decision Advantage
Mission autonomy, edge AI and human-machine teaming. Decision advantage at the speed the fight now demands.
Space & Resilient Access
Launch, spacecraft and space-enabled services. Assured communications and PNT when the environment is contested.
Cyber & Electromagnetic Operations
Advanced cyber, electronic warfare and control of the spectrum. The most active front of modern conflict.
Quantum & Advanced Sensing
Quantum computing, security and sensing, and the next generation of ISR. Seeing first, deciding first.
Undersea & Maritime Autonomy
Uncrewed maritime systems, seabed awareness and undersea capability for an island nation's decisive domain.
Advanced Manufacturing & Materials
Additive manufacturing, advanced and novel materials, and the sovereign industrial base that turns designs into deployed systems.
Next-Gen Power & Energy
Energy storage, generation and resilience. Power for platforms, bases and expeditionary operations.
Biotech & Biosecurity
Synthetic biology, biosecurity and human performance. Capability and protection for the operator.
Every investment starts with the mission, not the market.
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Map the need
We start from the mission gap, stated by the operators who own it. Not the market map.
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Define the effect
What changes in the field if this technology works. If we cannot name the effect, we do not invest.
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Operational diligence
Technology tested against the mission, by people who have run it. The pitch is not the proof.
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Invest
Conviction capital at pre-seed and early stage, at the speed of the founder.
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Grow
From first contract to sovereign capability, through a market that does not explain itself.
In practice, we show up however the mission requires.
You will not find our portfolio here. That is deliberate.
Visibility creates risk for the companies we back and the people who build them. So we are discreet by design. Our portfolio is shared on a need-to-know basis.
Founders seeking a partner. Investors looking to support national security capability. Allies who want to know what we're watching. Reach out and our team will be in touch.
Reach out ↗Founders, brief us in three lines: the need, the effect, the evidence.
Operational security is assumed. Share only what you can. We will ask before we need more.