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VCGuy

Believe me, itโ€™s not...ย โ€ขย 10m

Last week, news broke that India's former Defence Secretary launched his VC fund, Mount Tech Growth Fund. The first fund, named Kavachh, is expected to be ~โ‚น500 Cr, supporting Defence Tech startups. โญ๏ธDemand for Defence Technology seems to be on the uptick - - GOI launched iDEX in 2018, offering grants up to โ‚น10 Cr to startups and MSMEs - Silicon Valley VCs invested $35 B+ in defense tech startups in 2023 - NATO announced a $1 B VC Fund for DT startups ๐Ÿ•ต๏ธโ€โ™‚๏ธGlobal VCs are also recruiting ex-military personnel and bureaucrats - - a16z hired an ex-fighter pilot jet as it's Chief of Staff - Lux Cap. hired a former head of US Special Ops - Shield Capital, launched in 2021 by a former Air Force officer โšก๏ธExciting stuff happening in Defence Tech.

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