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At a glance
Friends & Family Capital appears in 3 funding rounds tracked by ValueAddVC since 2024, leading 1. Its most frequent sector in these rounds is Enterprise Software, and its most recent tracked deal was Heaviside's $60M Series B round (Aug 13, 2026). It co-invests most often with Fifth Down Capital, Godfrey Capital and Goldcrest Capital.
Strategy
Recent changes
- Sep 6, 2026Sep 6, 2026Stages updated: Seed, Growth, Pre-IPO fafc.com
- Sep 6, 2026Sep 6, 2026Sectors updated: Defense, Software, Logistics, Fintech, Infrastructure, AI, Cybersecurity, Space, Robotics fafc.com
- Aug 13, 2026Aug 13, 2026Invested in Heaviside (Series B, $60M) Tech Funding News
- Mar 4, 2025Mar 4, 2025Follow-on: Invested in Peregrine Technologies (Series C, $190M) Peregrine
- May 9, 2024May 9, 2024Invested in Peregrine Technologies (Series B, $30M) Peregrine (summary of GovTech coverage)
Portfolio
10 totalRecent Investment Activity
3Track record: led 1 and participated in 2 of 3 tracked venture rounds · 1 in the last 12 months · led 1 Series B
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026 | Heaviside | Series B | Participated | $60M | $600M | Felicis VenturesLeadHedosophiaMenlo VenturesCantos VCFriends & Family CapitalAnorak VenturesMVP VenturesFlume VenturesQstar Capital | Tech Funding News |
| Mar 4, 2025 | Peregrine Technologies | Series C | Participated | $190M | $2.5B | Sequoia CapitalLeadGoldcrest CapitalunverifiedFriends & Family CapitalunverifiedFifth Down CapitalunverifiedOG Venture PartnersunverifiedGodfrey Capitalunverified | Peregrine |
| May 9, 2024 | Peregrine Technologies | Series B | Led | $30M | — | Peregrine (summary of GovTech coverage) |
Sector / Stage Activity
Co-Investors
12Similar Firms
overlapping sector, stage or regionValue Add Research
Latest Pulse
- Aug 13, 2026Heaviside's Valuation Jumps 21x in Three MonthsPrecision-munitions startup Heaviside raised a $60 million Series B at a $600 million valuation, more than 21 times its Series A price three months ago, and partnered with Norwegian defense manufacturer Nammo to supply warheads.→
- Jun 18, 2026Twenty Raises $100M at $1B -- America's First VC-Backed Cyber Warfare StartupTwenty Technologies, an Arlington-based startup building automated offensive cyber operations for the U.S. military and intelligence community, raised a $100 million Series B at a $1 billion valuation led by Accel, with Point72 Ventures, Caffeinated Capital, and Friends & Family Capital participating. The round, which brings total funding to $138 million, mints a defense-tech unicorn in a category most VCs avoided a few years ago.→
- Jun 17, 2026Cyber-Warfare Startup Twenty Raises $100M Series B at a $1B ValuationTwenty, an Arlington-based startup building AI-enabled offensive cyber systems for the US military and intelligence community, raised a $100 million Series B led by Accel at a $1 billion valuation. Founded only in 2024, it's billing itself as America's first VC-backed cyber-warfare company and just hit unicorn status.→
- Jun 17, 2026Cyber-Warfare Startup Twenty Raises $100M Series B at a $1B ValuationTwenty, which bills itself as America's first VC-backed cyber-warfare company, raised a $100 million Series B led by Accel at a $1 billion valuation, with Point72 Ventures and Caffeinated Capital joining. The startup builds AI-enabled, end-to-end offensive and defensive cyber systems for the US military and intelligence community.→
Friends & Family Capital FAQ
What companies has Friends & Family Capital invested in?
Friends & Family Capital's portfolio includes Anduril Industries, Cyera, SpaceX, Heaviside, Airtable, Twenty, and 4 more tracked companies.
Who does Friends & Family Capital co-invest with most?
In the rounds Value Add tracks, Friends & Family Capital most often invests alongside Fifth Down Capital (4 shared deals), Coatue Management (3 shared deals), Craft Ventures (3 shared deals), Tribe Capital (3 shared deals), XYZ Venture Capital (3 shared deals).
Sources & methodologyshow
- Peregrineprimary source1 fact
- Peregrine (summary of GovTech coverage)primary source1 fact
- Tech Funding NewsValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.