Scout Ventures Announces Oversubscribed $125 Million Fund V

Fund V will Expand Investment in AI, Autonomy, Space, and Power Technologies Critical to Global Defense Deterrence

AUSTIN, Texas--(BUSINESS WIRE)--Scout Ventures, a leading venture capital firm focused on national security and dual-use technologies, announced today the successful closing of its oversubscribed $125M Fund V. The fund will back emerging technology companies developing solutions across artificial intelligence, autonomous systems, space infrastructure, cyber, quantum, and advanced power technologies that are increasingly central to unwavering sovereignty and global deterrence.

This milestone closing underscores the market's confidence in Scout Ventures' distinctive investment thesis and performance. The firm specializes in identifying and supporting innovative companies developing frontier and dual-use technologies, with applications across both commercial markets and national security, often founded by veteran and military-affiliated entrepreneurs who bring unique operational expertise and an understanding of the underlying problem gained through military service.

"We are excited by the overwhelming support we've received for Fund V," said Cody Huggins, Partner at Scout Ventures. "This oversubscribed raise reflects the growing recognition of Scout's unique position at the intersection of national security and critical technologies. We're honored by the continued confidence from our existing partners and thrilled to welcome new institutional investors who share our conviction in backing exceptional founders solving critical challenges for both commercial and defense markets."

Scout Ventures' portfolio is built around the technologies that will define that battlefield: AI-enabled command and decision systems, ground and aerial autonomy, GPS-denied navigation and electronic warfare, space infrastructure, and the power generation systems that enable all of it. The firm backs enabling technologies focused on infrastructure, autonomy, sensing, and connectivity — reflecting a belief that deterrence is built as much through technological superiority and industrial resilience as through firepower.

“Scout Ventures doesn't just write checks; they bring the kind of operational fluency and strategic reach that only comes from years spent at the intersection of defense and deep technology," said Paul Lwin, CEO & Co-Founder, Havoc AI. "For a company like Havoc, where the gap between technological capability and mission-critical deployment has to close fast, that distinction matters enormously. Scout's network, their understanding of how systems scale in contested environments, and their conviction in dual-use innovation make them far more than a capital partner; they're a force multiplier.”

The firm's investment team leverages extensive operational experience across the defense, enterprise, and emerging technology sectors to assist portfolio companies with business development, talent acquisition, go-to-market strategies, and navigating complex government and commercial customer landscapes.

"Our mission is straightforward: help build technology so capable that it deters adversaries from ever firing a shot," said Brad Harrison, Founder and Managing Partner at Scout Ventures. "Fund V doubles down on the founders and breakthrough technologies that will define how the globe projects strength, maintains readiness, and protects its interests over the next two decades. We are committed to backing exceptional entrepreneurs tackling the world's most pressing challenges at the intersection of commercial opportunity and national imperative, with a particular focus on the veteran and military-affiliated founders who understand these problems most deeply."

Fund V builds on Scout's strong track record of portfolio performance across critical technology sectors. Recent successes include AeroVironment's acquisition of Fund III portfolio company Tomahawk Robotics, Voyager Technologies' successful June 2025 initial public offering, and ID.ME achieving unicorn status.

To learn more about Scout Ventures, visit: https://www.scout.vc/

About Scout Ventures

Scout Ventures is an early-stage venture capital firm investing in dual-use technologies that advance U.S. national security and global stability. The firm focuses on artificial intelligence, autonomous systems, space infrastructure, cybersecurity, quantum technology, and advanced power, the critical technologies underlying how modern forces shoot, move, and communicate. Scout partners with founders from the military and intelligence community, leading national research laboratories, and top-tier research universities to back breakthrough companies at the seed stage. Scout's mission: to invest in technology so capable, and deterrence so credible, that conflict becomes unthinkable.