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National security-focused VC firm America's Frontier Fund is raising $315 million for its debut fund

  • America's Frontier Fund is raising up to $315 million for its debut fund, with $175 million in government loans and $140 million in private capital.
  • Google CEO Eric Schmidt and Founders Fund partner Peter Thiel have invested in the firm's nonprofit foundation.
  • $315 million is relatively large for a first fund, focusing on investments in national security startups and defense tech.
  • Investments in the defense tech space have surged, with up to $1.4 billion in the first quarter of 2025 compared to $200 million the same period last year.

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