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Open Tribe Deal Webinar – Lower-Risk Venture Capital – Outpost Ventures
March 3 @ 12:00 pm - 1:00 pm EST
Outpost Ventures (OV) VC Tech Fund Raising $120M
OV invests in companies we’ve helped forge relationships with the US Government, providing greater assurance of long-term revenues and a unique lower-risk profile:
– Government Contracts – Our exclusive incubator helps companies win Government contracts, and connects them with a massive network of strategic partners and resources.
– Proprietary Deal Flow – OV then has the exclusive opportunity to invest in the best of these companies.
– Government Capital – After we invest, the Government matches our investment, but takes no equity.
– Additional Upside – Tech must also be proven with revenue in commercial markets, providing multiple paths to achieve growth.
Dave Harden (Partner) was founding architect of AFWERX, the tech innovation arm of the US Airforce, and was Chief of Strategic Prioritization at the Pentagon, leading efforts to reprioritize technology investment in the private sector. Dave has managed billions of Government budget dollars, and AFWERX has backed more than 3,000 private companies.
INITIAL INVESTMENT: Outpost Ventures (OV) is pleased to advise of our plan to deploy the fund’s initial investment in Electra.Aero in March. Electra is changing short haul transportation by building electric aircraft that is quieter, safer, greener, more efficient and more affordable than industry norms. Visit their website at electra.aero.
Electra has invited OV to participate in its $15M Series A round led by Lockheed Ventures, which will close in March. Subsequent to the finalization of deal terms (including valuation at $65M), Electra was awarded $85M in Government contracts, including at least $30M in Government matching funds. This means that up to $30M of private investment, including funds raised in this current round, are eligible for non-dilutive Government matching payments. Since the Series A valuation was established before the award was granted, investors will capture all of the value generated by the Government matching payments.
Electra has over 1,200 purchase orders and plans to demo a plane later this year, at which time it plans to raise its Series B round at an anticipated $200M-$250M valuation. Series B discussions at this valuation range have already begun.
Zoom Link: https://us06web.zoom.us/j/85416035968?pwd=ajI4TDNWTmJ0UHgvQS95b01NUEJIQT09
