![Elroy air evtol](/sites/default/files/styles/crop_freeform/public/2023-10/e100ed9e-31fe-4cc6-8b21-ecd844c89c22_z1krpsn_copy.jpeg?itok=yxZAU-zl)
One of the startups Shield Capital funds—Elroy Air, seen here demonstrating at Travis AFB—says the U.S. defense community is interested in its technology.
Credit: Elroy Air
A venture capital (VC) group led by high-level Pentagon veterans has raised money for its inaugural fund focused on early-stage companies, a feat made harder in recent years as VC activity has fallen from its early pandemic heights. Shield Capital said Oct. 16 it raised $186 million for the fund....
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VC Firm Made Of DIU Vets Unveils $186M Early-Stage Investment Fund is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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