AFVentures
Overview
AFVentures is the commercial investment arm of the U.S. Department of the Air Force, operating as a division of AFWERX to invest in private-sector technology companies to meet military needs.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Long Wall | Mar 2023 | Grant | Co-investor |
| Firehawk Aerospace | Sep 2025 | Grant | Lead |
| Hermeus | Jul 2021 | Grant | Co-investor |
| Elroy Air | Jan 2022 | Grant | Co-investor |
| ZeroAvia | Jan 2022 | Grant | Co-investor |
For institutional investors. Book with your work email.
Key People
Mike Horner
Partner
Juan Padilla
Principal Investigator And Grantee
Collin Rust
Portfolio Manager
Diane Carrington
Portfolio Manager
Candice Gebhardt
DAF SBIR STTR P1 P2 Solicitations, Evaluations & Awards Section Chief
For institutional investors. Book with your work email.
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is AFVentures based?
AFVentures is headquartered in Austin, Ohio, United States.
When was AFVentures founded?
AFVentures was founded in 2018.
How many portfolio companies does AFVentures have?
AFVentures has 188 portfolio companies in Caplight's dataset.
What are some companies in AFVentures's portfolio?
Portfolio companies visible on Caplight include Long Wall, Firehawk Aerospace, Hermeus, Elroy Air, ZeroAvia.
What was AFVentures's most recent investment shown here?
AFVentures's most recent investment in this portfolio sample was in Firehawk Aerospace in 2025.
What sectors does AFVentures focus on?
AFVentures focuses on Frontier & Industrial Tech, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Cybersecurity, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Cybersecurity, Frontier & Industrial Tech, Energy & Sustainability, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Cybersecurity, Cybersecurity, Frontier & Industrial Tech, Cybersecurity, Cybersecurity, Real Estate & PropTech, Frontier & Industrial Tech, Cybersecurity, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Healthcare & Life Sciences, Energy & Sustainability, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Cybersecurity, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Telecommunications & Networking, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Cybersecurity, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Cybersecurity, Frontier & Industrial Tech, Frontier & Industrial Tech, Telecommunications & Networking, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Energy & Sustainability, Enterprise Software, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Energy & Sustainability, AI, Data & Cloud Infrastructure, Energy & Sustainability, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Energy & Sustainability, Enterprise Software, Healthcare & Life Sciences, Enterprise Software, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Consumer & Commerce, Energy & Sustainability, Cybersecurity, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Consumer & Commerce, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Telecommunications & Networking, Energy & Sustainability, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Energy & Sustainability, Mobility, Transportation & Logistics, Cybersecurity, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Energy & Sustainability, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Cybersecurity, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Telecommunications & Networking, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Cybersecurity, Frontier & Industrial Tech, FinTech, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Real Estate & PropTech, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Mobility, Transportation & Logistics, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Real Estate & PropTech, Frontier & Industrial Tech, Frontier & Industrial Tech, Cybersecurity, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Energy & Sustainability, Mobility, Transportation & Logistics, Energy & Sustainability, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Energy & Sustainability, Mobility, Transportation & Logistics, Cybersecurity, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Telecommunications & Networking, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Telecommunications & Networking, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Mobility, Transportation & Logistics, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Mobility, Transportation & Logistics, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Energy & Sustainability, Cybersecurity, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Media, Entertainment & Gaming, Energy & Sustainability, Enterprise Software, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Healthcare & Life Sciences, Enterprise Software, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Mobility, Transportation & Logistics, Energy & Sustainability, Mobility, Transportation & Logistics, Enterprise Software, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Enterprise Software, Telecommunications & Networking, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Enterprise Software, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Cybersecurity, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Energy & Sustainability, AI, Data & Cloud Infrastructure, Energy & Sustainability, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Energy & Sustainability, Enterprise Software, Healthcare & Life Sciences, Enterprise Software, Enterprise Software, Energy & Sustainability, Frontier & Industrial Tech, Enterprise Software, Energy & Sustainability.
What company stages does AFVentures focus on?
AFVentures typically invests at the MultiStage stage.
What is AFVentures's AUM?
AFVentures's assets under management are estimated between $1.0B and $10.0B.