# The Veteran Fund

> The Veteran Fund is a VC fund in San Francisco backing Software and SaaS. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 25
- Last investment: May 2026
- Lead investor: 4%
- Last fund: Jul 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/theveteranfund
- X (Twitter): https://www.twitter.com/theveteranfund
- Website: https://www.veteran.fund
- Facebook: https://www.facebook.com/TheVeteranFund

The Veteran Fund is a next-gen venture capital firm that invests in high-growth technology startups led by exceptional founders from the military community. We believe that mindful veteran leaders are uniquely positioned to build enduring companies in the technology and defense sectors.

## Contacts

5 contacts available for The Veteran Fund. Shizune tracks 5 team members at The Veteran Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/the-veteran-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 20% |
| SaaS | 4 | 16% |
| Enterprise Software | 3 | 12% |
| EdTech | 2 | 8% |
| Aerospace | 2 | 8% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 32% |
| Pre-Seed | 6 | 24% |
| Series A | 3 | 12% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Mike Sherbakov | General Partner | 6 | https://shizune.co/investors/profile/mike-sherbakov-4bd3 |
| Mike Sherbakov | General Partner | 0 | https://shizune.co/investors/profile/mike-sherbakov-d6b4 |
| Justin Nahama | Co-Founder and General Partner | 0 | https://shizune.co/investors/profile/justin-nahama-18b7 |
| Lisa Song Sutton | General Partner | 0 | https://shizune.co/investors/profile/lisa-song-sutton |
| Ryan Micheletti | General Partner | 1 | https://shizune.co/investors/profile/ryan-micheletti |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| HavocAI | HavocAI is an artificial intelligence company that offers maritime autonomy solutions to the defense and commercial markets. | $100M | Series A | May 12, 2026 |  |
| Autonomous Cyber | Autonomous Cyber is an artificial intelligence platform for cybersecurity solutions. | $12M | Seed | May 05, 2026 |  |
| Natilus | Natilus is a large scale drone manufacturing company. The company specializes in the manufacturing of Boeing 747 sized drones which provides inter-continental cargo delivery services and helps in reducing air freight costs. Natilus was founded by LZ Zhang, Anatoly Starikov and Aleksey Matyushev in 2016.First flight of their 2200 lbs / 30 ftdrone is scheduled for Summer 2018. At the end of 2018, Natilus completed a flight test of their 2200 lbs prototype.The first production vehicle scheduled for 2020 customer delivery underwent wind tunnel testing in April, 2019. Natilus currently holds an aircraft order book rumored to be in excess of $1B+. | $28M | Series A | Feb 10, 2026 |  |
| Glīd | Glīd develops autonomous road-to-rail solutions that streamline logistics by replacing traditional diesel-powered trucks, forklifts, and yard tractors with a single, intelligent platform. This innovation reduces carbon emissions, labor costs, and equipment redundancy, providing a more efficient and sustainable solution for intermodaltransportation. | $2M | Seed | Oct 04, 2025 |  |
| Tern AI | Tern AI is a firm that aims to offer a GPS substitute. With its special position, Tern AI can lead the way in innovations that improve the security, dependability, and effectiveness of international transportation systems. | $7.5M | Seed | Oct 01, 2025 |  |
| Glīd | Glīd develops autonomous road-to-rail solutions that streamline logistics by replacing traditional diesel-powered trucks, forklifts, and yard tractors with a single, intelligent platform. This innovation reduces carbon emissions, labor costs, and equipment redundancy, providing a more efficient and sustainable solution for intermodaltransportation. | $3.1M | Pre-Seed | Jul 22, 2025 |  |
| Bravo Ordnance | Bravo Ordnance is a manufacturer of advanced warhead technology intended for autonomous defense systems. | $3M | Pre-Seed | Jul 08, 2025 |  |
| Proteus Space | Proteus Space compresses the spacecraft definition and AI&T life-cycle from years to months, delivering full CAD based Design Packages with Hardware-in-the-Loop (HIL) validation on record timelines. This transformational speed and scale, backed by Unlimited Data Rights to the resulting design specifications, fundamentally changes the ability torapidly prototype and field responsive space assets on radically shorter timelines. | $6.1M | Seed | Mar 18, 2025 |  |
| Eos Atomics | Eos Atomics develops compact negative-ion neutral beam injectors with lower heat. | $800K | Pre-Seed | Mar 01, 2025 |  |
| Vatn Systems | Vatn Systems builds affordable autonomous underwater vehicles that act in cooperative swarms.At the core of Vatn's R&D efforts is advanced navigation software that is effective in GPS, vision, and comms compromised environments while reducing hardware costs. | $13M | Seed | Nov 12, 2024 |  |

10 of 25 investments shown.

## Co-investors
- [Outlander VC](https://shizune.co/investors/profile/outlander-labs) — VC Fund, 5 deals together
- [Scout Ventures](https://shizune.co/investors/profile/scout-ventures) — VC Fund, 5 deals together
- [Decisive Point](https://shizune.co/investors/profile/decisive-point-8d94) — VC Fund, 4 deals together
- [550 Capital Partners](https://shizune.co/investors/profile/550-capital-partners) — VC Fund, 3 deals together
- [Bravo Victor Venture Capital](https://shizune.co/investors/profile/bravo-victor-venture-capital) — VC Fund, 3 deals together
- [gener8tor](https://shizune.co/investors/profile/gener8tor) — VC Fund, 3 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does The Veteran Fund invest in?

The Veteran Fund invests primarily in Software, SaaS and Enterprise Software startups, most often at Seed and Pre-Seed stage. Most of the 25 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact The Veteran Fund?

Public channels for The Veteran Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at The Veteran Fund?

The team at The Veteran Fund includes Mike Sherbakov (General Partner), Mike Sherbakov (General Partner) and Justin Nahama (Co-Founder and General Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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