Scout Ventures announces close of Fund IV

Scout Ventures , a seed-stage venture capital, announced the successful closing of Fund IV at $94 million.

The firm looks to back companies developing frontier and dual-use critical technologies – technologies with both commercial and national security applications. Scout focuses on different sectors including frontier technologies (AI & data science, robotics, drones, autonomous mobility, AR/VR, advanced materials, physical and cybersecurity, quantum computing, space) and enterprise SaaS.

USAA is one backer of the new fund.

“We are humbled by the overwhelming support we’ve received for Fund IV. The continued trust from our existing investors, like the New Mexico State Investment Council, is invaluable. We’re also excited to welcome a distinguished group of new partners to the Scout family, including J.P. Morgan Asset Management, Vanderbilt University Endowment, USAA, and many others.” – Brad Harrison, Managing Partner at Scout Ventures.