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The Venture Codex

Shield Capital

287 Lorton Avenue, San Francisco, California, 94105, United States

Overview

Venture capital firm investing in frontier technologies and cybersecurity.

Founded

2022

Deals ยท 12mo

12

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Business Development
Financial Services
Information Technology
Venture Capital

Investment portfolio

43rounds
NAMEDATESIZE
SiFly
Aug 2026Led
$20 MSeries A
Ent
Jun 2026Participated
$100 MSeed
Armada
May 2026Participated
$230 MSeries B
Star Catcher
May 2026Led
$65 MSeries A
Starfish Space
Apr 2026Led
$100 MSeries B
TENEX.AI
Mar 2026Participated
$250 MOther Equity
Seifert Dynamics
Mar 2026Participated
$3 MSeed
Uforce
Mar 2026Led
$50 MSeed
Chariot Defense
Feb 2026Participated
$34 MSeries A
Code Metal
Feb 2026Participated
$125 MSeries B
Seasats
Feb 2026Participated
$20 MSeries A
Code Metal
Nov 2025Participated
$37 MSeries A
SiFly
Aug 2026Led
$20 MSeries A
Ent
Jun 2026Participated
$100 MSeed
Armada
May 2026Participated
$230 MSeries B
Star Catcher
May 2026Led
$65 MSeries A
Starfish Space
Apr 2026Led
$100 MSeries B
TENEX.AI
Mar 2026Participated
$250 MOther Equity
Seifert Dynamics
Mar 2026Participated
$3 MSeed
Uforce
Mar 2026Led
$50 MSeed
Chariot Defense
Feb 2026Participated
$34 MSeries A
Code Metal
Feb 2026Participated
$125 MSeries B
Seasats
Feb 2026Participated
$20 MSeries A
Code Metal
Nov 2025Participated
$37 MSeries A
43
Items
...
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Insights

Time horizon

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Deal Distribution

Shield Capital: 43 funding rounds are recorded in the selected participation categories.All available history.
Shield Capital: 43 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed65
Series A89
Series B16
Series C+03
Other Equity14

Monthly Deal Activity

Shield Capital: 43 deals are recorded across 67 months.All available history.
Shield Capital: 43 deals are recorded across 67 months. All available history
MonthDeals
Apr '211
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '212
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '223
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '232
Aug '230
Sep '230
Oct '230
Nov '230
Dec '232
Jan '241
Feb '240
Mar '240
Apr '242
May '243
Jun '241
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '251
Jun '251
Jul '252
Aug '250
Sep '252
Oct '250
Nov '251
Dec '250
Jan '260
Feb '263
Mar '263
Apr '261
May '262
Jun '261
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Shield Capital: AI & Machine Learning is the largest displayed sector by deal count (18 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Shield Capital: AI & Machine Learning is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
AI & Machine Learning18
Enterprise Software13
Space & Frontier Tech12
Cybersecurity & Privacy10
Data, Analytics & IT9
Hardware & Robotics9
Transportation & Logistics8
Networks, Cloud & Communication8
Manufacturing8
Government & Defense6
Clean Energy & Sustainability2
Consumer & Lifestyle2
Media & Entertainment1
Health & Life Sciences1
Food & Agriculture1
Professional Services1

Deal Size Distribution

Shield Capital: 43 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Shield Capital: 43 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M3
$10M-$25M9
$25M-$50M11
$50M-$100M9
$100M-$250M6
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Shield Capital: United States has the largest recorded deal count among the displayed regions (40 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Shield Capital: United States has the largest recorded deal count among the displayed regions (40 deals). All available history
RegionDeals
United States40
Europe2
Israel1
Shield Capital: 20 co-investors are shown, with Felicis Ventures sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Shield Capital: 20 co-investors are shown, with Felicis Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
Felicis Ventures5
Marlinspike5
Overmatch Ventures5
Point72 Ventures5
Andreessen Horowitz4
Ballistic Ventures4
Founders Fund4
NightDragon4
8090 Industries3
Accel3
Booz Allen Hamilton3
Crosspoint Capital Partners3
General Catalyst3
J2 Ventures3
Lux Capital3
Razor's Edge Ventures3
Toyota Ventures3
8VC2
Adage Capital Management2
Advance Publications2

Investment Strategy

Shield Capital: Led accounts for 37% and participating for 63% of round participation.All available history.
Shield Capital: Led accounts for 37% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led1637%
Participating2763%
Shield Capital: Single-lead accounts for 56% and co-led for 44% of lead dynamics.All available history.
Shield Capital: Single-lead accounts for 56% and co-led for 44% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead956%
Co-led744%

Team

Akhil Iyer

Principal

Caroline Aertker

Investor Relations Analyst

Dan Holland

Chief Operating Officer

David DeRuff

Chief Financial Officer (fractional, part-time)

David Rothzeid

Vice President

Elias Manousos

Venture Partner

Jacqueline Neugue

Head of Capital Formation

Jillian Manus

Venture Partner

Joe Pignato

Investment Team/CFO

Joe White
John M. Jack

Venture Partner

John Serafini

Venture Partner

Kiran Sridhar
Lisa Hill

Director of Investor Relations and Engagement

Maggie Gray

Vice President

Matt Kaplan

Associate

Matthew Scullin

Venture Partner

Meghan Mceveety
Michael Brown

Partner

Pat Oreilly