New North Ventures is an early-stage venture capital firm headquartered in Manchester, New Hampshire, USA that strategically invests in dual-use technology companies operating at the intersection of national security and commercial markets—especially those advancing innovation in defense, intelligence, critical infrastructure, AI, cybersecurity, space, and advanced sensing technologies.
Pre-Seed / Seed: Actively invests in pre-seed and seed-stage startups developing deep-tech and dual-use capabilities.
Series A: Participates in early institutional (Series A) rounds, often alongside strategic co-investors.
Fund Structure: Closed its first fund at ~$25M (Fund I) and has launched Fund II with a first close of ~$45M under the U.S. SBA’s Small Business Investment Company Critical Technologies (SBICCT) program, targeting $80–100M to scale dual-use innovation.
Typical investment checks: Target check sizes in the $1M+ range with allocations across pre-seed through Series A, often seeking meaningful equity positions; Fund II targets ~10–15% equity stakes with reserve capital for follow-ons.
Invests in companies that solve complex national security challenges while delivering commercial value in areas like AI/ML, cybersecurity, space technology, autonomy, and communications.
Founders typically engage through warm intros, targeted outreach, or the “Pitch Us” form on the fund’s website; intros are reviewed on a rolling basis. 
Important ecosystem activities include partnerships (e.g., maritime/shipbuilding venture studios), national security tech events, and thought leadership on innovation for defense and economic resilience.

Geography: Primarily U.S.-based companies aligned with national security and strategic tech domains, with openness to global founders solving mission-critical challenges.
Profile: Early-stage startups (Pre-Seed, Seed, early Series A) developing technology with defense application and commercial scalability. 
Team: Preference for founders with strong technical depth, domain expertise, and the ability to operate at the intersection of government and commercial markets. 

Initial Intake & Screening: Founders submit pitch materials through the firm’s pipeline or contact channels; the team assesses fit with dual-use thesis and mission alignment. 
 Partner Review: Deep dives by general partners and venture partners on technology differentiation, market opportunity, and strategic value. 
 Founder Engagement & Due Diligence: Multiple discussions to evaluate execution ability, technical defensibility, and commercial strategy; diligence covers technology, customers, traction, and defense relevance. 
 Deal Structuring & Close: Terms are negotiated deal-by-deal, with investment instruments and governance shaped by SBICCT requirements and long-term strategic aims. 

Strategic Capital: Provides early institutional funding focused on dual-use innovation and commercial scale. 
 Network & Mentorship: Offers access to experienced operators, ex-intelligence and defense professionals, and strategic venture partners embedded in both government and tech ecosystems. 
 Follow-on Support: Continued support with follow-on rounds, introductions to defense and commercial partners, and strategic growth guidance as companies scale.