Shield Capital Closes $186 Million Inaugural Venture Capital Fund

SAN FRANCISCO--(BUSINESS WIRE)--Shield Capital announced the final closing of its inaugural fund focused on early stage venture capital investments. Shield Capital Fund I, L.P. closed oversubscribed at 55% above target with $186 million of capital commitments from a broad representation of institutional and private investors.

Managing Partners Philip Bilden and Raj Shah launched SHIELD in 2021 with the mission to support the innovators secure the future in AI, autonomy, cybersecurity, and space. SHIELD invests in company founders building frontier technologies that matter in both commercial and national security markets.

"We are a very founder focused firm - we provide our startups with significant support from recruiting executives to accessing government customers to developing strategy," said Raj Shah, Managing Partner. "This successful fundraise enables us to back additional founders and provide even greater assistance to our current portfolio.”

SHIELD has invested in more than 30 innovative companies including: high-resolution satellite pioneer, Albedo; satellite bus scale manufacturer, Apex; autonomous aerial logistics leader, Elroy Air; data infrastructure AI enabler, Nexla; edge AI image sensing innovator, Overwatch Imaging; and cyber insurance risk manager, Resilience.

“SHIELD continues to attract exceptional team talent and partners aligned on mission with a commitment to building impactful companies,” noted Managing Partner, Philip Bilden. “We are grateful for the overwhelming support of all our investors in our first fund that lays the foundation for an enduring investment franchise.”

At Shield Capital, the Mission Matters.

About Shield Capital

Shield Capital is a venture capital firm investing in early-stage companies building technology in artificial intelligence, autonomy, cybersecurity, and space. SHIELD’s experienced team of company founders, investors, and national security leaders is mission-focused to support the entrepreneurs addressing challenges and opportunities at the nexus of commercial industry and national security. At SHIELD, the Mission Matters. Learn more at www.shieldcap.com.

Contacts

media@shieldcap.com

First published on Mon, Oct 16, 2023

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