A $10M pre-seed/seed venture fund backing allied defense supply chain and compliance software startups across Five Eyes and NATO-aligned geographies. Thesis: supply chain sovereignty demands purpose-built software, not adapted enterprise tools.
The allied defense industrial base faces a structural vulnerability: the software layer that governs supply chain visibility, compliance, and resilience was built for commercial enterprise, not for the security and traceability requirements of Five Eyes and NATO-aligned production networks.
Fenix Capital backs founders building purpose-built software for this gap — across critical minerals traceability, defense and dual-use compliance, regulatory technology, and allied industrial coordination platforms.
LP geography targets the same allied nations the fund invests in: US, Canada, Australia, South Korea, GCC, and Estonia. The fund is being built in partnership with Decile Group and Start Fund, with co-investment frameworks under development.
The Allied Innovation Summit is an invitation-only evening reception hosted by Fenix Capital at the K Street Penthouse in Washington, DC — bringing together allied-nation defense founders, DoD and procurement officials, and early-stage investors focused on defense and supply chain technology.
The Summit is scheduled for early September 2026 (exact date TBD). Invitation inquiries should be directed to Dana directly.