# New North Ventures

> New North Ventures is an early-stage venture firm investing at the intersection of national security and commercial technology. Founded in 2021 by former CIA and Navy officer Brett Davis and Dyn founder Jeremy Hitchcock, the firm writes pre-seed to Series A checks into dual-use startups across cybersecurity, space, and trusted AI - companies whose products serve both the Department of Defense and open commercial markets.

- **Founded:** 2021
- **Headquarters:** Portsmouth, New Hampshire, United States
- **Founders:** Brett Davis (Co-Founder & General Partner (1963-2023, in memoriam); former CIA Senior Executive and US Navy Special Operations Officer), Jeremy Hitchcock (Co-Founder & General Partner; founder of Dyn (acquired by Oracle))
- **Team size:** ~13 employees
- **Products:** Fund I, Fund II, Dual-Use Convenings
- **Notable:** Named to the DoD and SBA's first SBIC Critical Technologies Initiative cohort - one of only 18 funds selected., Closed Fund II with a $45M first close in July 2025, targeting $80M., Early investor in HawkEye 360 (NYSE: HAWK), an RF-monitoring satellite company that went public.

## Products & services

- **Fund I** — The firm's first early-stage vehicle investing in dual-use startups across the DoD's critical technology areas, with an average check size around $1M into pre-seed and seed companies including HawkEye 360, HavocAI, and Auriga Space.
- **Fund II** — Early-stage fund concentrating on three of the DoD's 14 Critical Technology Areas - cybersecurity, space, and trusted AI/autonomy - backed through the DoD and SBA's SBIC Critical Technologies Initiative with a first close of $45M and a target of $80M. Plans to write slightly larger checks and reserve capital for follow-on rounds.
- **Dual-Use Convenings** — Industry events and dual-use conferences (such as the Boston Dual-Use Conference) that bring together government professionals, operators, and founders as a 'fusion center for action.'

## Achievements

- Named to the DoD and SBA's first SBIC Critical Technologies Initiative cohort - one of only 18 funds selected.
- Closed Fund II with a $45M first close in July 2025, targeting $80M.
- Early investor in HawkEye 360 (NYSE: HAWK), an RF-monitoring satellite company that went public.
- Backed maritime autonomy company HavocAI and hypersonic space-launch company Auriga Space.
- Recorded an exit with the acquisition of portfolio company SensusQ.

## Latest updates

- **2025-07** — Closed Fund II with a $45M first close under the DoD/SBA SBICCT program, targeting $80M and concentrating on cybersecurity, space, and trusted AI/autonomy.
- **2025-06** — Led the pre-seed investment in M2 Foundry, a startup building software and AI-enabled systems for national security and high-risk infrastructure markets.

## Links

- Website: https://www.newnorthvc.com
- LinkedIn: https://www.linkedin.com/company/newnorthvc
- Twitter/X: https://twitter.com/NewNorthVC

---

Profile page: https://yespress.io/new-north-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-08-15