# Investors backing Veteran Founders (2026 list) > 71 investors backing Veteran Founders, 7% active in the last 12 months. Led by Moonshots Capital, Three Tree Ventures, 515 Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-backing-veterans-founders (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors backing Veteran Founders Updated 7 November 2026 Firms that say, in their own words, that they back veteran founders. What a firm says, not a count of what it funded. [See all 71 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-backing-veterans-founders)The top 25 **71** investors on the list No change this week **8** cheques in 12 months Too few cheques to tell **$18M** median round they joined *+121%* against the market median **7%** wrote a cheque in 12 months **4%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (5) - 1 [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) *Deploying now* VC firm · United States **15** **$19M** median round **Oct 2026** last seen - 2 [Three Tree Ventures](https://millionrounds.com/fund/three-tree-ventures) quiet Family office · United States **8** **$14M** median round **Apr 2015** last seen - 3 [515 Ventures](https://millionrounds.com/fund/515-ventures) *Deploying now* VC firm · United States **3** **$34M** median round **Oct 2026** last seen - 4 [St. Cloud Capital](https://millionrounds.com/fund/st-cloud-capital) quiet Private equity · United States **3** **$7.1M** median round **May 2015** last seen - 5 [Veteran Ventures Capital](https://millionrounds.com/fund/veteran-ventures-capital) *Deploying now* VC firm · United States **3** **$26M** median round **Nov 2026** last seen - 6 [AIN Ventures](https://millionrounds.com/fund/ain-ventures) *Deploying now* VC firm · United States **2** **$17M** median round **Oct 2026** last seen - 7 [Hivers & Strivers Capital](https://millionrounds.com/fund/hivers-and-strivers-capital) quiet Angel network · United States **2** **$350K** median round **Apr 2015** last seen - 8 [The Veteran Fund](https://millionrounds.com/fund/the-veteran-fund-2) *Deploying now* VC firm · United States **2** **$52M** median round **May 2026** last seen - 9 [550 Capital Partners](https://millionrounds.com/fund/550-capital-partners) unknown VC firm · United States **none observed** **-** median round **-** last seen - 10 [ADU OZ Fund LLC](https://millionrounds.com/fund/adu-oz-fund-llc) unknown Private credit · United States **none observed** **-** median round **-** last seen - 11 [Academy Fund](https://millionrounds.com/fund/academy-fund) unknown Private credit · United States **none observed** **-** median round **-** last seen - 12 [Academy Ventures](https://millionrounds.com/fund/academy-ventures) unknown Company **none observed** **-** median round **-** last seen - 13 [Arena Growth Partners](https://millionrounds.com/fund/arena-growth-partners) unknown VC firm · United States **none observed** **-** median round **-** last seen - 14 [Black Powder Holdings](https://millionrounds.com/fund/black-powder-holdings) unknown Private equity · United States **none observed** **-** median round **-** last seen - 15 [Blake and Bailey Family Fund](https://millionrounds.com/fund/blake-and-bailey-family-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 16 [Brutus Capital](https://millionrounds.com/fund/brutus-capital) unknown Private equity **none observed** **-** median round **-** last seen - 17 [Brydon Energy](https://millionrounds.com/fund/brydon-energy) unknown Private equity · United States **none observed** **-** median round **-** last seen - 18 [Buyside Ventures](https://millionrounds.com/fund/buyside-ventures) unknown Advisor · Canada **none observed** **-** median round **-** last seen - 19 [CITICAP Asset Management](https://millionrounds.com/fund/citicap-asset-management) unknown Private equity · Canada **none observed** **-** median round **-** last seen - 20 [CLIMB Fund](https://millionrounds.com/fund/climb-fund) unknown Private credit · United States **none observed** **-** median round **-** last seen - 21 [California Veterans Benefits Fund](https://millionrounds.com/fund/california-veterans-benefits-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 22 [Catch A Lift Fund](https://millionrounds.com/fund/catch-a-lift-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 23 [Context VC](https://millionrounds.com/fund/context-vc) unknown Private equity · United States **none observed** **-** median round **-** last seen - 24 [DELAWARE HOUSING OPPORTUNITY FUND INC](https://millionrounds.com/fund/delaware-housing-opportunity-fund-inc) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 25 [DL Capital Group](https://millionrounds.com/fund/dl-capital-group) unknown Investment firm · United States **none observed** **-** median round **-** last seen **46 more on this list** All 71 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-backing-veterans-founders) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Aformic](https://millionrounds.com/company/aformic)** Seed · $7M *Led by* [Veteran Ventures Capital](https://millionrounds.com/fund/veteran-ventures-capital) - **29** Oct **[Mintive](https://millionrounds.com/company/mintive)** Seed · $7M *With* [515 Ventures](https://millionrounds.com/fund/515-ventures) - **15** Oct **[TechNovaTime](https://millionrounds.com/company/technovatime)** Pre-seed · $3.4M *Led by* [AIN Ventures](https://millionrounds.com/fund/ain-ventures) - **14** Oct **[Icon](https://millionrounds.com/company/icon)** Series D+ · $200M *With* [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) - **2** Jul **[Nebex](https://millionrounds.com/company/nebex)** Seed · $30M *With* [AIN Ventures](https://millionrounds.com/fund/ain-ventures) - **29** May **[Havoc](https://millionrounds.com/company/havoc)** Series A · $100M *With* [The Veteran Fund](https://millionrounds.com/fund/the-veteran-fund-2) ## Stages This Year 8 rounds - Seed **63%** - Pre-seed **13%** - Series A **13%** - Series D+ **13%** ## What They Backed Sectors, last 12 months - AI **4** - Robotics **4** - Enterprise Software **3** - Cybersecurity **2** - Logistics **2** - Aerospace & Space **1** ## Cheques by Quarter Led Joined 1 Q1 25 Q2 25 3 Q3 25 Q4 25 1 Q1 26 2 Q2 26 1 Q3 26 4 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Generalist Investors 2,290](https://millionrounds.com/lists/generalist-investors) - [Investors backing Women Founders 1,264](https://millionrounds.com/lists/investors-backing-women-founders) - [Investors backing Underrepresented Founders 1,217](https://millionrounds.com/lists/investors-backing-underrepresented-founders) - [Investors backing Immigrant Founders 500](https://millionrounds.com/lists/investors-backing-immigrant-founders) - [Investors backing Latinx Founders 453](https://millionrounds.com/lists/investors-backing-latinx-founders) - [Investors backing Black Founders 304](https://millionrounds.com/lists/investors-backing-black-founders) - [Investors backing Disabled Founders 217](https://millionrounds.com/lists/investors-backing-disabled-founders) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors backing Veteran Founders ### Who are the most active investors backing Veteran Founders? By cheques observed, the most active are Moonshots Capital, Three Tree Ventures, 515 Ventures, St. Cloud Capital and Veteran Ventures Capital. ### How many investors backing Veteran Founders are there? 71 are on record. 7% made an investment in the last 12 months and 4% have led a round. ### Which stages do investors backing Veteran Founders back? Of the rounds with a named stage in the last 12 months, mostly Seed (63%) and Pre-seed (13%). ### How big are the rounds investors backing Veteran Founders join? The typical (median) round among the leading investors here is $19M. ### Which sectors do investors backing Veteran Founders back most? In the last 12 months, mostly AI, Robotics and Enterprise Software. ### Which investors backing Veteran Founders lead the most rounds? Moonshots Capital (2 led), Veteran Ventures Capital (1 led) and AIN Ventures (1 led). ### Where are investors backing Veteran Founders based? Most of the leading investors here are based in the United States (21 of the top 25); the rest in Canada. ### What have investors backing Veteran Founders invested in recently? Recent rounds include Aformic (Seed, Nov 2026, with Veteran Ventures Capital), Mintive (Seed, Oct 2026, with 515 Ventures) and TechNovaTime (Pre-seed, Oct 2026, with AIN Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)