Scout Ventures closes Fund IV at $94 million

Scout Ventures, a venture capital firm focused on frontier and dual-use technologies built by hard-to-access founders, has closed Fund IV at $94 million.

Brad Harrison, Managing Partner, Scout Ventures: ''We are humbled by the overwhelming support we've received for Fund IV.  The continued trust from our existing investors, like the New Mexico State Investment Council, is invaluable. We're also excited to welcome a distinguished group of new partners to the Scout family, including J.P. Morgan Asset Management, Vanderbilt University Endowment, USAA, and many others. We are excited to leverage this new capital to continue fueling the growth of exceptional entrepreneurs who are tackling the world's most pressing challenges.''

This strong closing signifies the growing confidence in Scout Ventures' unique investment approach. The firm focuses on identifying and backing innovative companies developing frontier and dual-use critical technologies – technologies with both commercial and national security applications.

Jamie Kramer, Chair of Spark Investment Committee, J.P. Morgan Asset Management: "Scout Ventures' commitment to entrepreneurs, often veterans, building early-stage, high-impact companies aligns with our investment strategy. We are confident that Fund IV will continue to meet our objectives and foster groundbreaking advancements in frontier technologies while supporting the veteran community."

Fund IV has already demonstrated strong momentum, with nine portfolio investments with early positive performance and valuation markups. Additionally, Scout recently sold Fund III portfolio company Tomahawk Robotics to AeroVironment, resulting in a cash distribution to our Fund III Limited Partners.

James Thomas, Founder and CEO, Radical Aero: "Scout Ventures' investment in our company has been instrumental in accelerating our development of our high-altitude solar powered aircraft. Their deep understanding of dual-use, frontier technology and their commitment to building long-standing partnerships with their portfolio companies make them a truly valuable capital partner."

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