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Pallas Ventures

Micro-fund

USDeep TechCybersecurityAI/MLEnterpriseOther

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Investment thesis

Pallas Ventures partners with innovative companies developing breakthrough technology with compelling national security applications. The firm's ideal investment is a dual-use company with an understanding of national security missions and a desire to support the warfighter as well as scale their business commercially. Pallas Ventures makes equity investments of $500K–$1.5M through cash purchase or in-kind services, leveraging decades of experience at the highest levels of the U.S. government and military to provide strategic insight and help portfolio companies generate new business and scale within the national security ecosystem.

Notable quotes

One of the key areas limiting the U.S. national security community is the speed and scale with which we can identify, test, acquire, and integrate emerging technology. Second Front's product-first approach to a highly bureaucratic and laborious process provides the Department of Defense and the U.S. Government with the critical tools needed to increase the speed and impact of investments in modernization and emerging technology.

Richard Spencer · Pallas Advisors press release – Second Front Systems investment · 2021-01-27

At Pallas Ventures we look for innovative teams that are dedicated to supporting national security missions. Impulse Space is one of those special teams and we are excited to partner with them as they fundamentally change the way we think about space mobility and logistics. The space sector continues to be integral to U.S. strategic advantage and we are excited to support Impulse Space on their journey.

Richard Spencer · Pallas Advisors press release – Impulse Space Series A investment · 2023-07-28

In just the last two years we have come across several ground-breaking start-ups that are looking to maximize rapid growth and scale in the public sector. In addition to being a trusted advisor, we wanted to establish a firm that can bring capital to bear to accelerate their success. We think this is particularly relevant as the national security sector looks to new solutions in this COVID era.

Tony DeMartino · Pallas Advisors press release – Pallas Ventures launch announcement · 2020-05-05

Team

Richard Spencer

Managing Director

Deep TechEnterpriseOther

Sally Donnelly

Founding Partner

Deep TechEnterpriseOther

Tony DeMartino

Founding Partner

AI/MLCybersecurityDeep Tech

Masseh Tahiry

Director

Deep TechEnterprise

Gema Robles

Director

Deep TechEnterprise

Zak Enzminger

Associate

Deep TechEnterprise

Recent investments

CompanyRoundSizeDate
Impulse SpaceSeries A$45m2023-07-28
UV AngelSeries A2023-07-18
Morpheus SpaceSeed2020-08-26
Second Front SystemsSeed Extension$8m2021-01-27
CalypsoAISeries A$13m2020-07-01
Zeno PowerSeries A$20m2022-04-28
HermeusSeries B$100m2022-03-10
TurbineOneSeries A$15m

Frequent co-investors

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