Harpoon Ventures Raises $155 Million to Target Dual-Use Tech

The firm distinguishes itself by acting as a bridge between high-growth startups and the complex machinery of government procurement. By helping portfolio companies navigate the transition from commercial products to defense contracts, Harpoon has facilitated over $1 billion in government opportunities for its founders. This approach targets a specific intersection where industrial capacity and national security requirements overlap.

Fund IV will continue to back early-stage ventures that operate in high-stakes environments, building on a portfolio that already includes unicorns like Astranis, Kodiak, and Solugen. Beyond direct investment, the capital will sustain the Black Flag program, an initiative that provides mentorship and market acceleration for startups deemed strategically important. With backing from U.S. pension funds and family offices, the firm intends to double down on companies that offer scalable solutions to problems of national competitiveness.