Shield Capital is a venture capital firm investing in entrepreneurs building technologies at the convergence of commercial technology and national security, with focus areas in artificial intelligence, autonomy, cybersecurity, and space. The firm targets early-stage companies and closed its inaugural fund at $186 million in 2023.
39% of their portfolio is in Defense & Space. Deal activity increased 50% year-over-year (9 deals in the last 12 months). Their most common stage is series-a (41% of deals). Average disclosed round size is $54.2M (across 33 rounds with reported amounts).
Portfolio
31
Fund Size
$186M
Top Stage
Series A
Last 12 Mo
8
Team
Philip Bilden
Founder and Managing Partner
Raj Shah
Founder and Managing Partner
Elias (Lou) Manousos
Venture Partner
John “JJ” Jack
Venture Partner
John Serafini
Partner
LTG Pat O’Reilly, USA (ret.)
Operating Partner
Matt Scullin
Venture Partner
Michael Brown
Partner
Ray Rothrock
Venture Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Armada | Series B | $230M | May 2026 |
| CCatcher | Series A | $65M | May 2026 |
 Seifert Dynamics | Unknown | $13.4M | Apr 2026 |
 Tenex AI | Series B | $250M | Apr 2026 |
| Tenex AI | Series C | — | Mar 2026 |
 Chariot Defense | Series A | $34M | Feb 2026 |
 SeaSats | Series A | $20M | Feb 2026 |
 Code Metal | Series A | $36.5M | Nov 2025 |
| Armada | Series D | $131M | Jul 2025 |
 Obviant | Series A | $7.1M | Jun 2025 |
 Mpower Technology | Series B | $21M | May 2025 |
 Pillar Security | Seed | $9M | Apr 2025 |
 Arena | Series B | $30M | Apr 2025 |
 Mimic | Series A | $50M | Feb 2025 |
 Elroy Air | Unknown | — | Jan 2025 |
 Arena Ai | Series B | $30M | Jan 2025 |
 Arena | Series B | $30M | Jan 2025 |
| Elroy Air | Unknown | — | Oct 2024 |
 Apex | Series B | $95M | Jun 2024 |
| Apex | Series C | $95M | Jun 2024 |
 Danti | Seed | $5M | May 2024 |
 Anetac | Unknown | $16M | Jan 2024 |
 Xeol | Seed | $3.2M | Dec 2023 |
 Nexla | Series B | $18M | Jul 2023 |
 Unstructured | Series A | $25M | Jul 2023 |
Top Co-Investors
Last updated: 9 September 2026