BOSTON, July 4, 2024
/PRNewswire/ -- J2 Ventures, a deep tech venture capital fund
focused on new technologies that are critical for both the private
sector and national security interests of the U.S and its allies,
has raised $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.
The fresh capital enables J2 Ventures to further invest in
startups poised for growth with government collaborations,
leveraging technologies that optimize outsized returns with minimal
correlation to traditional markets. J2 Ventures specializes in
Advanced Computing, Cybersecurity, Telecom / Infrastructure, and
Healthcare startups and helps them win funding and contracts from
the military and other branches of government to better scale
frontier technology products for their markets.
"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."
The firm has invested in over 25 companies often drawing
coinvestment from traditional generalist top performing venture
capital funds as well as outperforming companies like Aalyria,
Micron Biomedical and Lumia Health where J2 Ventures is the only
institutional financial capital.
"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."
J2 Ventures raised their $68
million inaugural fund in 2021 and the team is composed of
seasoned professionals with deep experience across healthcare,
science, technology, and defense, making them uniquely positioned
to lead and invest in dual-use technology ventures having advised
on over $3 billion of Department of
Defense contracts to startups previously.
About J2 Ventures:
J2 Ventures is a $200M+ AUM
deep-tech venture capital firm based in Boston, investing in sectors critical to
national security and private sector advancements, including
advanced computing, cybersecurity, telecom and infrastructure, and
healthcare. The fund is backed by some of the largest and most
sophisticated limited partners in the world including JP Morgan,
MetLife and the New Mexico State Investment Council. For more
information about J2 Ventures and their initiatives, please visit
https://www.j2vp.com/.
Media Contact:
Alexander
Harstrick
media@j2vp.com
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SOURCE J2 Ventures