VC Firm Made Of DIU Vets Unveils $186M Early-Stage Investment Fund
One of the startups Shield Capital funds—Elroy Air, seen here demonstrating at Travis AFB—says the U.S. defense community is interested in its technology.
Credit: Elroy Air
A venture capital (VC) group led by high-level Pentagon veterans has raised money for its inaugural fund focused on early-stage companies, a feat made harder in recent years as VC activity has fallen from its early pandemic heights. Shield Capital said Oct. 16 it raised $186 million for the fund....
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