Investor profile
Pallas Ventures
Micro-fund
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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.”
“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.”
“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.”
Team
Richard Spencer
Managing Director
Sally Donnelly
Founding Partner
Tony DeMartino
Founding Partner
Masseh Tahiry
Director
Gema Robles
Director
Zak Enzminger
Associate
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Impulse Space | Series A | $45m | 2023-07-28 |
| UV Angel | Series A | — | 2023-07-18 |
| Morpheus Space | Seed | — | 2020-08-26 |
| Second Front Systems | Seed Extension | $8m | 2021-01-27 |
| CalypsoAI | Series A | $13m | 2020-07-01 |
| Zeno Power | Series A | $20m | 2022-04-28 |
| Hermeus | Series B | $100m | 2022-03-10 |
| TurbineOne | Series A | $15m | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| In-Q-Tel | 3 |
| Vsquared Ventures | 3 |
| Lavrock Ventures | 3 |
| Airbus Ventures | 2 |
| Founders Fund | 2 |
| RTX Ventures | 2 |
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