J2 Ventures, a Venture capital firm focused on deep technology for the U.S. Government has secured $150 million for its new Argonne Fund. The oversubscribed fund, majority veteran owned and led, is more than double their last fund size with support from some of the largest financial institutions in the world including JP Morgan, MetLife and the New Mexico State Investment Council.
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New capital will allow J2 Ventures to keep investing in startups poised for growth through collaborations with the government, using technologies that optimise outsized returns with the least correlation to traditional markets in industries such as advanced computing, cybersecurity, telecom/infrastructure, and healthcare, so that the startups in which J2 Ventures specialises in winning funding and contracts with the military and other branches of government will much better scale frontier technology products within their markets.
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“It is an honor to continue and significantly grow the impact we are having at J2 Ventures with our latest fund,” said Alexander Harstrick, Managing Partner of J2 Ventures. “The growth of our portfolio, doubling down of existing LPs and attraction of some of the most sophisticated institutional investors as well is a great confidence boost that there is not only appetite for our model, but a strong and rapidly growing interest. We are truly just getting started.”
J2 Ventures fuel early-stage companies pioneering advanced technologies across computing, infrastructure, security, and healthcare. J2 Ventures is a deeply experienced team of successful investors, entrepreneurs, combat veterans, practicing physicians, and PhD scientists —all with a common mission; to accelerate solutions to today’s most critical issues.
“J2 Ventures is a special team doing fantastic work in the places that I know first hand need innovation now more than ever,” said Raquel Bono, MD, Advisor to J2 Ventures and Former Director of the Defense Health Agency. “I told the team I would only join if their intent was to swing for the fences, find solutions for the hardest challenges and strive for durable change by bringing best in class capabilities to our men and women in uniform. I have not been disappointed, J2 Ventures has done more than hold up their end of the deal.”
About J2 Ventures
Founded in 2020, J2 Ventures is passionate about empowering entrepreneurs who are bold enough to solve the hardest national security problems in the world. J2 Ventures purpose is to provide these entrepreneurs with the capital to grow and the expertise to navigate the public sector as a private company.
