Harpoon Ventures is an early-stage venture capital firm that invests in "dual-use technologies" or the "Freedom Stack," which are commercially-focused enterprise tech startups (Seed through Series B) with applications in both the private sector and federal agencies. Their strategy involves backing companies in areas critical to national security and prosperity, such as cybersecurity, AI, and space, while also providing operational expertise and helping secure government contracts.
31% of their portfolio is in AI. Average disclosed round size is $38.6M (across 23 rounds with reported amounts).
Portfolio
26
Fund Size
$300M
Top Stage
Series B
Last 12 Mo
4
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
26 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Encord | Series C | $60M | Feb 2026 |
 Aalo Atomics | Series B | $100M | Aug 2025 |
 Orbital Operations | Seed | $8.8M | Aug 2025 |
 Somite AI | Series A | $47M | May 2025 |
 n8n | Series B | $55M | Mar 2025 |
 Semgrep | Series D | $100M | Feb 2025 |
| GGeneral Galactic | Unknown | — | Dec 2024 |
 Glyphic Biotechnologies | Unknown | — | Nov 2024 |
 Tarsal | Seed | $6M | Mar 2024 |
 Deepset | Series B | $27M | Aug 2023 |
| Ddeepset.ai | Series B | $30M | Aug 2023 |
 Oso | Series A | $15M | Jun 2023 |
 Vantage | Series A | $21M | Mar 2023 |
| Deepset | Series A | $14M | Apr 2022 |
 TruEra | Series B | $25M | Mar 2022 |
 Dray Alliance | Series B | $40M | Dec 2021 |
| RRobust Intelligence | Series B | $30M | Dec 2021 |
 Ursa Major | Series C | $85M | Dec 2021 |
 Kodiak Robotics | Series B | $125M | Nov 2021 |
 Cyabra | Series A | $5.6M | Oct 2021 |
 Merlin Labs | Seed | $3.5M | May 2021 |
| n8n | Series A | $12M | Apr 2021 |
| RRobust Intelligence | Seed | $14M | Oct 2020 |
 Golden | Series A | $14.5M | Sep 2020 |
 Volansi | Series B | $50M | Sep 2020 |
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Top Co-Investors
Sequoia Capital6 shared
Felicis Ventures4 shared
GV (Google Ventures)4 shared
Y Combinator3 shared
Lightspeed Venture Partners3 shared
Engineering Capital2 shared
CRV (Charles River Ventures)2 shared
Balderton Capital2 shared
Andreessen Horowitz2 shared
Menlo Ventures2 shared
System.One2 shared
Lunar Ventures2 shared
BlackRock1 shared
XN1 shared
Alsop Louie Partners1 shared
Alpha Edison1 shared
Dolby Family Ventures1 shared
Tiger Global Management1 shared
Wellington Management1 shared
Crane1 shared
Last updated: 15 April 2026