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1941 is a specialized investment fund focused on national security and dual-use technology sectors in Australia and the United States. It provides strategic capital and support to businesses developing innovative solutions for civilian and defense applications. The fund primarily targets early-stage private companies and growth-phase enterprises, emphasizing the critical defence technology landscape.
This initiative is a joint venture between Bondi Partners and Ellerston Capital, co-founded by Joe Hockey and Ashok Jacob. Its genesis stemmed from influential high-net-worth individuals across Australia and the US. They identified a crucial need to channel private capital into ventures with dual-use potential, advancing national security objectives for both nations.
The fund’s investments target emerging technological success stories that bolster Australian and US national security interests. Its mission is to identify, cultivate, and accelerate growth. 1941 envisions strengthening the strategic alliance between the two countries by fostering innovation and advanced defense technology deployment.
1941 has 2 tracked investments across 1 company. The latest tracked deal is $29.0M Series B Extension in LeoLabs in February 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 15, 2024 | LeoLabs | $29.0M Series B Extension | PER Roman | Dylan Taylor, Dylan Taylor, Dolby Family Ventures, Insight Partners, Mdsv Capital, Space Capital, Velvet SEA Ventures |
| Feb 1, 2024 | LeoLabs | $29.0M Series U | GP Bullhound | FundersClub, LombardStreet Ventures, Novum Capital Partners, Seraphim Space, Space Capital, Y Combinator, Bart Swanson, Dylan Taylor, Nick Sinai, AngelList, Dolby Family Ventures, Insight Partners, Mdsv Capital, Velvet SEA Ventures |