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TLDR:
- J2 Ventures raises $150 million for its new Argonne Fund.
- The oversubscribed fund focuses on technology startups with civilian and government applications.
J2 Ventures, a deep tech venture capital fund, has secured $150 million for its new Argonne Fund. The fund, which is majority veteran owned and led, has received support from major financial institutions such as JP Morgan, MetLife, and the New Mexico State Investment Council. The capital raised allows J2 Ventures to invest in startups specializing in Advanced Computing, Cybersecurity, Telecom/Infrastructure, and Healthcare, with a focus on government collaborations. The firm aims to help these startups secure funding and contracts from the military and government agencies to scale their technology products effectively.
With a portfolio of over 25 companies, J2 Ventures has garnered investments from top-performing venture capital funds and outperforming companies like Aalyria, Micron Biomedical, and Lumia Health. The team at J2 Ventures, composed of seasoned professionals with expertise in healthcare, science, technology, and defense, is well-positioned to lead and invest in dual-use technology ventures. The firm has advised on over $3 billion of Department of Defense contracts to startups in the past.
Notable figures in the industry, such as Raquel Bono, MD, former Director of the Defense Health Agency, have praised J2 Ventures for its commitment to innovation and solving complex challenges in the defense sector. The successful funding round for the Argonne Fund signifies a growing interest from institutional investors in J2 Ventures’ model, showcasing the potential for technology startups with government applications to thrive in the market.
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