Army Venture Capital Corp.

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
May 1, 2022	Realto	$5.0M Series A	—	Firebrand Ventures, Hoxton Ventures, KCRise Fund, Montage Ventures, Origin Ventures, Revolution, Silicon Badia, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, Gary Fish, Jacob Chapman
Nov 1, 2021	Reltio	$120.0M Series E	—	Alt Capital, Brighton Park Capital, Crosslink Capital, For Good Ventures, Next Play Ventures, Rackhouse Venture Capital, Spero Ventures, Turtle Ventures, Vista Venture Partners, Bob Lee, Curtis Chambers, Jacob Chapman, Khaled Helioui, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
Nov 1, 2021	Sauce	$3.0M Seed	—	Alt Capital, Crosslink Capital, For Good Ventures, Next Play Ventures, Rackhouse Venture Capital, Spero Ventures, Turtle Ventures, Vista Venture Partners, Wave Capital, Bob Lee, Curtis Chambers, David Wolfson, Jacob Chapman, Khaled Helioui, Michael Staton, Sameer Bhalla, Sam Nazarian, Scott Belsky, Sean Behr
Sep 1, 2021	Seven Starling	$3.0M Seed	—	Adapt Ventures, Alt Capital, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, Capital Factory, CapitalX, Crosslink Capital, Fifth Wall, For Good Ventures, Foundation Capital, Infinite Niches, Kepler Operator’s Fund, Magnify Ventures, Next Play Ventures, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Pear VC, Predictive VC, Rackhouse Venture Capital, Redpoint Ventures, Rethink Impact, Spero Ventures, SRB Ventures, Thirty Five Ventures, Turtle Ventures, Uncork Capital, Vista Venture Partners, Adam Guild, Bob Lee, Cory Levy, Curtis Chambers, Jacob Chapman, Khaled Helioui, Michael Staton, Priyank Chandra, Quinn Slack, Rich Miner, Sameer Bhalla, Scott Belsky, Scot Wingo, Sean Behr
Aug 1, 2021	equipifi	$3.0M Seed	—	Hoxton Ventures, KCRise Fund, Montage Ventures, Newlin, New Stack Ventures, Origin Ventures, Refinery Ventures, Revolution, Silicon Badia, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, Grant Newlin, Jacob Chapman
Jun 1, 2021	TestGorilla	$10.0M Seed	—	Accel, AirAngels, Alt Capital, AngelList Syndicator, Atomico, Benchmark, Blisce, Concrete Rose Capital, Crosslink Capital, Feenix Ventures, Felix Capital, Flybridge Capital Partners, For Good Ventures, Ganas Ventures, Christian Miele, Lakestar, MaC Venture Capital, Next Play Ventures, Notion Capital, Partech Ventures, Possible Ventures, Rackhouse Venture Capital, Seven Seven Six, Spero Ventures, The Community Fund, Turtle Ventures, Vayner RSE, Vista Venture Partners, Andy Chung, Bob Lee, Curtis Chambers, Emmanuel Seuge, Jacob Chapman, Jim Schneider, Khaled Helioui, Mato Peric, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
May 1, 2021	Nana Academy	$18.0M Series A	—	1984 Ventures, 8VC, Kevin Hartz, Alt Capital, Collab Capital, Crosslink Capital, CRV, For Good Ventures, Incisive Ventures, Initialized Capital, Kapor Capital, Maveron, Next Play Ventures, Obvious Ventures, Pareto Holdings, Preface Ventures, Rackhouse Venture Capital, Raine Ventures, Sequoia Capital, Spero Ventures, Stage Venture Partners, Stellar Capital, SV Angel, TechSquare Labs, Thirty Five Ventures, Tribe Capital, Turtle Ventures, Ulu Ventures, Unshackled Ventures, Vista Venture Partners, WorkLife Ventures, Y Combinator, Yes VC, Anthony Pompliano, Bangaly Kaba, Baron Davis, Bob Lee, Dylan Field, Halle Tecco, Jacob Chapman, John Henry, Justin Rosenstein, Kevin Lee, Khaled Helioui, Michael Staton, Nick Caldwell, Richard Rosenblatt, Sameer Bhalla, Scott Belsky, Sean Behr
Dec 1, 2020	Career Karma	$10.0M Series A	—	1776, Addition, Alt Capital, Andreessen Horowitz, Chloe Sladden, Bessemer Venture Partners, Coelius Capital, Collab Capital, Cowboy Ventures, Crosslink Capital, Drive Capital, DST Global, Firework Ventures, For Good Ventures, FPV Fund, General Catalyst, Glasswing Ventures, Harrison Metal, Index Ventures, Initialized Capital, Kapor Capital, Kleiner Perkins, Next Play Ventures, Offline Ventures, Off the Grid Ventures, Operator Ventures, Penny Jar Capital, Rackhouse Venture Capital, Ravelin Capital, Redpoint Ventures, Sequoia Capital, Spero Ventures, Sweet Capital, TechSquare Labs, Tiger Global Management, Todd and Rahul's Angel Fund, Turtle Ventures, Ulu Ventures, Unshackled Ventures, Vista Venture Partners, Wellington Management, Adam Gross, Audrey Gelman, Bob Lee, Curtis Chambers, Fredrik Björk, Jacob Chapman, Kelvin Beachum Jr., Khaled Helioui, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr, Theresa Johnson, Tim Kendall
May 1, 2020	Cardless	$7.0M Series A	—	500 Global, Alt Capital, Chloe Sladden, Crosslink Capital, For Good Ventures, Moxxie Ventures, Next Play Ventures, Rackhouse Venture Capital, Red Sea Ventures, Red Swan Ventures, Ribbit Capital, Scribble Ventures, Slow Ventures, Spero Ventures, Turtle Ventures, Vista Venture Partners, Adam D'Angelo, Bob Lee, Curtis Chambers, David Marcus, Greg Brockman, Jacob Chapman, Javier Olivan, Jeff Arnold, Michael Staton, Mike Krieger, Sameer Bhalla, Scott Belsky, Sean Behr
Apr 1, 2020	Everee	$10.0M Series A	—	Active Capital, Amplify Partners, Bain Capital Ventures, Matt Ocko, Drummond Road Capital, Hoxton Ventures, KCRise Fund, Matchstick Ventures, MetaProp Ventures, Montage Ventures, Origin Ventures, Paradigm, Pear VC, Rainfall Ventures, Revolution, Signal Peak Ventures, Silicon Badia, Streamlined Ventures, Techstars, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, XG Ventures, Elad Kushnir, Jacob Chapman, Jared Kopf
Jan 1, 2020	Free Agency	$3.0M Seed	—	8VC, Antler, Breega, DST Global, foobar.vc, Fuel Ventures, Hoxton Ventures, KCRise Fund, Montage Ventures, Origin Ventures, Revolution, Saxena Capital, Silicon Badia, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, Union Square Ventures, Jacob Chapman
Dec 1, 2019	Nana Academy	$5.0M Seed	—	8VC, Kevin Hartz, Alt Capital, Ascend Vietnam Ventures, Battery Ventures, BlueRun Ventures, Crosslink Capital, DST Global, ENIAC Ventures, Forerunner Ventures, For Good Ventures, Founders Fund, Kapor Capital, Meritech Capital Partners, Moment Ventures, Next Play Ventures, Pelion Venture Partners, Preface Ventures, R136 Ventures, Rackhouse Venture Capital, Revolution, SNR, Spero Ventures, Stage Venture Partners, Structure Capital, Tribe Capital, Turtle Ventures, Valar Ventures, Vista Venture Partners, VSC Ventures, Wildcat Ventures, Avid Larizadeh, Ayo Omojola, Bob Lee, Curtis Chambers, Cynthia Ringo, Gokul Rajaram, Hoda Eydgahi, Jacob Chapman, Joanna Rees, Khaled Helioui, Lisa Kleinsorge, Maia Bittner, Michael Staton, Rohini Pandhi, Sameer Bhalla, Scott Belsky, Sean Behr, Sumon Sadhu, William Hockey, Zachary Auger
Nov 1, 2019	RadSwan	$2.0M Seed	—	BBG Ventures, Female Founders Fund, Hoxton Ventures, KCRise Fund, Montage Ventures, Next Play Ventures, Hans Tung, Robin Li, Origin Ventures, Revolution, Silicon Badia, SoGal Ventures, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, Jacob Chapman
Oct 1, 2019	Demodesk	$2.0M Seed	—	Andreessen Horowitz, AngelList, Buckley Ventures, David Namdar, Ali Tamaseb, Divergence Ventures, Draper Associates, Earl Grey Capital, Founder Collective, Future Ventures, Greylock, Helium-3 Ventures, Indicator Ventures, Jude Gomila Rolling Fund, Liquid 2 Ventures, Multicoin Capital, proChain Ventures, Quiet Capital, Rivet Ventures, Scale Asia Ventures, Solana Ventures, Unruly Capital, UpHonest Capital, VU Venture Partners, Y Combinator, YLEM, Arash Ferdowsi, Aston Motes, Augusto Marietti, Christian Reber, Dylan Field, Howie Liu, Jack Smith, Jacob Chapman, Matt Bellamy, Paul McKellar, Sumon Sadhu
Apr 1, 2019	FullStory	$32.0M Series C	—	Accomplice VC, Ballistic Ventures, B Capital Group, Evolution Equity Partners, GV, Hoxton Ventures, KCRise Fund, LiveOak Venture Partners, Montage Ventures, Nokia Growth Partners, Origin Ventures, Revolution, Silicon Badia, Telescope Partners, The Community Fund, TNT Venture, Tribe Capital, Two Bear Capital, Jacob Chapman, Ron Wohl
Nov 1, 2018	otto-js	$5.0M js - Seed	—	2.12 Angels, Bonin Ventures, Glasswing Ventures, Great Oaks Venture Capital, Intel Capital, Off the Grid Ventures, Pareto Holdings, TechSquare Labs, Transmedia Capital, UpHonest Capital, Andre Iguodala, don katz, Erik Moore, Jacob Chapman
May 1, 2018	Reltio	$45.0M Series D	—	7wire Ventures, Alt Capital, Ankona Capital, Benchmark, Crosslink Capital, Deep Fork Capital, Define Ventures, For Good Ventures, General Catalyst, GSR Ventures, High Alpha, Hustle Fund, Kindred Ventures, Matrix, Next Play Ventures, Nyca Partners, Pareto Holdings, Pelion Venture Partners, Rackhouse Venture Capital, Sapphire Ventures, Slow Ventures, Spero Ventures, Threshold Ventures, Turtle Ventures, Vista Venture Partners, Bob Lee, Curtis Chambers, Jacob Chapman, Khaled Helioui, Louis Beryl, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
Jan 1, 2018	Front	$67.0M Series B	—	Accel, Alpine Space Ventures, AngelList Syndicator, Bessemer Venture Partners, Caffeinated Capital, Calm/Storm Ventures, Credo Ventures, DFJ, Dragoneer Investment Group, Electric Capital, Haystack, Hoxton Ventures, Index Ventures, KCRise Fund, Kleiner Perkins, Montage Ventures, Origin Ventures, Polychain Capital, Race Capital, Revolution, Sequoia Capital, Silicon Badia, Spark Capital, Telescope Partners, The Community Fund, Thomson Reuters Ventures, Threshold Ventures, TNT Venture, TQ Ventures, Tribe Capital, Uncork Capital, Xerox Ventures, Clark Landry, Eoghan McCabe, Jacob Chapman, Johann "Hansi" Hansmann, Julius Göllner, Julius Köhler, Larry Gadea, Matt Mazzeo, Robin Behlau, Tarek Muller
Apr 1, 2017	Reltio	$40.0M Series C	—	7wire Ventures, Alt Capital, Ankona Capital, Benchmark, Crosslink Capital, Deep Fork Capital, Define Ventures, For Good Ventures, General Catalyst, GSR Ventures, High Alpha, Hustle Fund, Kindred Ventures, Matrix, Next Play Ventures, Nyca Partners, Pareto Holdings, Pelion Venture Partners, Rackhouse Venture Capital, Sapphire Ventures, Slow Ventures, Spero Ventures, Threshold Ventures, Turtle Ventures, Vista Venture Partners, Bob Lee, Curtis Chambers, Jacob Chapman, Khaled Helioui, Louis Beryl, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
Apr 1, 2017	BacklotCars	$5.0M Seed	—	AME Cloud Ventures, Andreessen Horowitz, Ballistic Ventures, Binary Capital, Bling Capital, Bonin Ventures, Craft Ventures, Emergence Capital, Fifth Wall, Founders Co-op, FPV Fund, Great Oaks Venture Capital, Hardware Club, Hoxton Ventures, KCRise Fund, Khosla Ventures, Montage Ventures, Pareto Holdings, PivotNorth Capital, Pnina International, Portland Seed Fund, Sequoia Capital, Serena Ventures, Silicon Badia, TechSquare Labs, TNT Venture, Transmedia Capital, Tribe Capital, Trust Ventures, UpHonest Capital, Visionaire Ventures, XG Ventures, Y Combinator, Andre Iguodala, don katz, Erik Moore, Gary Rubens, Gil Elbaz, Jacob Chapman, Jeremy Stoppelman, Kara Egan, Konstantin von Unger, Sam Altman, Tikhon Bernstam, Zain Jaffer
Aug 1, 2016	Jumpcut	$2.0M Seed	—	Bonin Ventures, Convoz, First Star Ventures, Great Oaks Venture Capital, Greycroft, Imagination Capital, Lakestar, NKM Capital, Oyster Ventures, Pareto Holdings, TechSquare Labs, Transmedia Capital, Upfront Ventures, UpHonest Capital, Andre Iguodala, don katz, Erik Moore, Greg Brockman, Jacob Chapman, Jeff Arnold
Aug 1, 2016	Thrive Global	$11.0M Series A	—	Atomico, Bonin Ventures, Episode 1 Ventures, Female Founders Fund, Great Oaks Venture Capital, Greycroft, Lockheed Martin Ventures, Pareto Holdings, QVentures, Staley Capital, TechSquare Labs, Transmedia Capital, UpHonest Capital, Ben Sardella, Carl Bass, Charlie Songhurst, don katz, Erik Moore, Jacob Chapman, Jiake Liu, Joe White
Jul 1, 2016	Reltio	$22.0M Series B	—	Alt Capital, Ankona Capital, Benchmark, Crosslink Capital, Deep Fork Capital, For Good Ventures, GSR Ventures, High Alpha, Hustle Fund, Kindred Ventures, Matrix, Next Play Ventures, Nyca Partners, Pareto Holdings, Pelion Venture Partners, Rackhouse Venture Capital, Spero Ventures, Turtle Ventures, Vista Venture Partners, Bob Lee, Curtis Chambers, Jacob Chapman, Khaled Helioui, Louis Beryl, Michael Staton, Sameer Bhalla, Scott Belsky, Sean Behr
May 1, 2016	Front	$10.0M Series A	—	Accel, ACME Capital, Andreessen Horowitz, Bond, Broadstone, Chemistry VC, Craft Ventures, Curie.Bio, Dragoneer Investment Group, F2 Capital, Felicis Ventures, First Round Capital, Founder Collective, Freestyle Capital, General Atlantic, General Catalyst, Great Oaks Venture Capital, Greylock, Dave Munichiello, M.G. Siegler, Highbury Group, Hillsven, Hoxton Ventures, IVP, KCRise Fund, Kleiner Perkins, Montage Ventures, Next Play Ventures, Operator Partners, Origin Ventures, Race Capital, Revolution, Rose Innovation Ltd, Silicon Badia, Slow Ventures, Spark Capital, Storm Ventures, Susa Ventures, Telescope Partners, The Community Fund, The Finger Group, TNT Venture, Tribe Capital, Uncork Capital, Xerox Ventures, Zinc, Biz Stone, Bradley Horowitz, Brian Distelburger, Dan Martell, David Hauser, David Yaffe, Eric Quidenus-Wahlforss, Gokul Rajaram, Jacob Chapman, Jeremy Stoppelman, John Collison, Joi Ito, Jonathan Siegel, Joshua Schachter, Loic Le Meur, Matt Mazzeo, Megan Quinn, MG Siegler, Rob Solomon, Stewart Butterfield, Stuart Coulson, Wiley Cerilli
Apr 1, 2016	Luma	$13.0M Series A	—	Accel, Altimeter Capital, Atomico, Bonin Ventures, Broadway Angels, Cool Climate Collective, Core Ventures, Craft Ventures, Essence VC, Felicis Ventures, Flex Capital, Flybridge Capital Partners, Forerunner Ventures, FPV Fund, Ganas Ventures, Great Oaks Venture Capital, Lightspeed India Partners, Otherwise Fund, Pareto Holdings, Polymath Capital Partners, Prototype Capital, Red Beard Ventures, Relay Ventures, Seed Club Ventures, Sequoia Capital, SV Angel, TechSquare Labs, Thayer Ventures, Transmedia Capital, Unusual Ventures, UpHonest Capital, Vibe Capital, Webb Investment Network, Alex Pattis, Andre Iguodala, Andrew Gazdecki, Ben Tossell, Casey Neistat, David Peterson, don katz, Elad Gil, Gina Bianchini, Jacob Chapman, Julia DeWahl, Marc Benioff, Mathilde Collin, Matthew Chagan, Nkechi Iregbulem, Peter Kazanjy, Sahin Boydas, Sam Corcos, Zachary Sims

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Army Venture Capital Corp..

Jake Chapman

Managing Partner

Leadership Team

Key people at Army Venture Capital Corp..

Jake Chapman

Managing Partner

Deep Dive

Army Venture Capital Corporation (AVCC) is the venture capital arm of the United States Army, focused on investing in technology innovations with military and defense applications. Its mission is to bridge the gap between emerging technology startups and the Army’s operational needs by providing early-stage capital and strategic support, thereby accelerating the deployment of cutting-edge technologies to soldiers. AVCC aims to signal strong Army interest to the broader investor community, helping startups cross the "valley of death" between prototype and military adoption. Key sectors include artificial intelligence, fintech, climate tech, and other advanced technologies relevant to defense. By doing so, AVCC seeks to enhance the startup ecosystem around defense innovation and deter adversarial investments from foreign entities linked to countries like China and Russia[1][2][3].

Founded by Congress in 2002, AVCC initially received $25 million in funding but remained largely inactive for about a decade due to limited success and lack of venture capital expertise. The firm’s early investments suffered during the 2008 recession, and it struggled to build credibility in Silicon Valley. In recent years, under the leadership of Managing Director Jake Chapman (appointed in 2023), AVCC has been revitalized with a new strategy emphasizing smaller, strategic investments to signal Army interest and build a strong network in the venture community. Chapman’s vision includes ecosystem mapping to identify startups and funds aligned with Department of Defense (DoD) priorities and a focus on bridging funding gaps until contracts are secured[1][3][4].

Core Differentiators

Unique Investment Model: AVCC operates as a strategic investor providing bridge funding to startups that have a working product but need support to reach military contracts, accepting higher risk for potentially outsized defense impact[1][3].
Network Strength: Leveraging connections within the DoD and Silicon Valley to foster collaboration between startups and military stakeholders, enhancing trust and access to government resources[1].
Strategic Focus: Prioritizes deterring adversarial foreign capital and mapping the defense innovation ecosystem to protect national security interests[1][3].
Operating Support: Works closely with startups to align technology development with military needs, accelerating tech maturation and adoption[5].

Role in the Broader Tech Landscape

AVCC is part of a broader trend where the U.S. military increasingly embraces venture capital models to accelerate technology adoption. This shift reflects the need for faster, more agile innovation cycles in defense, moving away from traditional, slow procurement processes. The timing is critical as global military competition intensifies, especially with advances in AI, autonomous systems, and cybersecurity. AVCC’s approach complements other DoD initiatives like the Defense Innovation Unit and programs such as the Army’s Fuze, which collectively aim to integrate commercial tech innovation into military operations more rapidly and effectively[5][6].

Quick Take & Future Outlook

Looking ahead, AVCC is poised to play a pivotal role in the Army’s modernization efforts by scaling its investment capacity (targeting $50-$100 million) and deepening its engagement with the startup ecosystem. Trends such as AI, climate tech, and fintech will likely shape its portfolio focus, aligned with evolving defense priorities. AVCC’s influence is expected to grow as it helps bridge the gap between commercial innovation and military application, potentially transforming how the Army acquires and deploys technology on the battlefield. This revitalized venture capital model signals a strategic commitment to continuous transformation and technological superiority for the U.S. Army[1][3][5].

Sources

Core Differentiators

Unique Investment Model: AVCC operates as a strategic investor providing bridge funding to startups that have a working product but need support to reach military contracts, accepting higher risk for potentially outsized defense impact[1][3].
Network Strength: Leveraging connections within the DoD and Silicon Valley to foster collaboration between startups and military stakeholders, enhancing trust and access to government resources[1].
Strategic Focus: Prioritizes deterring adversarial foreign capital and mapping the defense innovation ecosystem to protect national security interests[1][3].
Operating Support: Works closely with startups to align technology development with military needs, accelerating tech maturation and adoption[5].