TLDR:
- J2 Ventures, a deep tech venture capital fund, has raised $150 million for its new Argonne Fund, focused on technologies critical for national security interests.
- The fund, oversubscribed and majority veteran-owned, aims to invest in startups with government collaborations in sectors like Advanced Computing, Cybersecurity, Telecom, and Healthcare.
J2 Ventures, a deep tech venture capital fund, has secured $150 million for its new Argonne Fund. The fund, which is oversubscribed and majority veteran-owned, is more than double their last fund size and has the support of some of the largest financial institutions in the world, including JP Morgan, MetLife, and the New Mexico State Investment Council. The fresh capital will allow J2 Ventures to further invest in startups with government collaborations, focusing on technologies critical for both the private sector and national security interests.
The firm specializes in sectors like Advanced Computing, Cybersecurity, Telecom, and Healthcare, helping startups win funding and contracts from the military and government branches to scale frontier technology products for their markets. Alexander Harstrick, Managing Partner of J2 Ventures, expressed excitement about the impact the fund will have and the growing interest in their model. J2 Ventures has already invested in over 25 companies, drawing coinvestment from top performing venture capital funds and investing in companies like Aalyria, Micron Biomedical, and Lumia Health.
With a team composed of seasoned professionals with deep experience across healthcare, science, technology, and defense, J2 Ventures is uniquely positioned to lead and invest in dual-use technology ventures. The firm is backed by some of the largest and most sophisticated limited partners in the world and aims to bring best-in-class capabilities to support national security and private sector advancements. For more information about J2 Ventures and their initiatives, please visit their website.
