HomeUSAScout Ventures Closes Fund IV, at $94M

Scout Ventures Closes Fund IV, at $94M

Scout Ventures, an Austin, TX-based venture capital firm focused on frontier and dual-use technologies built by hard-to-access founders, closed Fund IV, at $94m.

Backers included the New Mexico State Investment Council, J.P. Morgan Asset Management, Vanderbilt University Endowment, USAA, and others.

Led by Managing Partner Brad Harrison, Scout Ventures focuses on identifying and backing innovative companies developing frontier and dual-use critical technologies – technologies with both commercial and national security applications. Investment sectors include Frontier Technologies (AI & Data Science, Robotics, Drones, Autonomous Mobility, AR/VR, Advanced Materials, Physical and Cybersecurity, Quantum Computing, Space) and Enterprise SaaS.

The firm also assists entrepreneurs with business development, hiring, sales strategies, and more.

Fund IV has already invested in nine companies. Additionally, the firm recently sold Fund III portfolio company Tomahawk Robotics to AeroVironment, resulting in a cash distribution to our Fund III Limited Partners.

VCWire

01/05/2024