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J2 Ventures , a firm led mostly by U.S. military veteran , announced on Thursday that it has raised a $ 150 million 2d store . The Boston - based unwavering invests in startups whose intersection are purchased by civilian and the U.S. Department of Defense .
While many emerging VCs are struggling to raise 2nd funds , J2 ’s latest fomite is more than replicate its $ 67.5 million debut fund from 2021 .
At first blush , the firm may seem to be benefit from VCs ’ growinginterest in defense reaction tech . But J2 has no stake in positioning itself as a defence technical school investor .
“ Our portfolio is national - security measure adjacent , but not defense - focused , ” said Alexander Harstrick , J2 ’s managing partner . The house does not invest in technologies that protect critical national infrastructure or help discourage attacks , such as drone , robotics , or surveillance tech .
or else , J2 endorse companionship whose products help keep the well - being and healthcare of nearly3 million peopleemployed by the U.S. armed services .
Harstrick say that the Department of Defense ( DoD ) has historically adopt novel technologies before they became popular with civilians . And it ’s not just the cyberspace , which waspartially developed bythe armed forces .
“ The Department of Veterans Affairs was the first to use telemedicine , ” Harstrick said . “ They were also the first to adopt electronic health records . ”
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J2 ’s healthcare investments admit Tasso , a maker of phonograph needle - free blood draw technical school , and Lumia Health , a wearable equipment that measures blood flow to the brainpower .
The house also backs cybersecurity , base , and modern computing startup likeFemtosense , a developer of Energy Department - effective AI cow chip for impertinent twist .
J2 back companies at the pre - seed microscope stage to Series A and writes tick that range from $ 1 million to $ 5 million . The firm ’s limited collaborator include JPMorgan and New Mexico State Investment Council .
Harstrick serve as a military intelligence operation military officer in the U.S. Army Reserve and was deployed in Iraq and Afghanistan . Before set off J2 , he was an investor in the Defense Innovation Unit .
