National Security VC Firm Aims for $315 Million Debut Fundraise

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Here’s a structured list of key details extracted from the provided content:

Fund:

  • Name: Frontier Fund
  • Amount: Up to $315 million (initial target was $500 million)
  • Type: National security-focused VC fund

Investors:

  • Limited Partners: $140 million from private capital
  • Government Loans: $175 million through the Small Business Investment Company Critical Technology Initiative
  • State Investments: $100 million from the state of New Mexico

Startup Investments:

  1. Venus Aerospace
    • Focus: Hypersonic engine technology
  2. Foundation Alloy
    • Focus: Metal production

Founders:

  • Gilman Louie: CEO, previously co-founded In-Q-Tel.
  • Jordan Blashek: Cofounder and Managing Partner, formerly worked at Schmidt Futures.

Fundraise Series:

  • Type: First Fund

Dates:

  • Fundraising Announcement: Early 2023
  • Government Loans Report: January 2024
  • Investment from New Mexico: Reported in December 2023
  • Investments in Defense Tech Surge: First quarter of 2025 noted with $1.4 billion.

This list encapsulates the essential elements related to the fund, its focus, key players, and timelines.

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2025-07-03 09:00:02