Humba Ventures Launches $40M Fund for Deep Tech and Defense
Humba Ventures, a sister firm to Susa Ventures, has raised a $40 million fund dedicated to deep tech and defense tech startups. This investment comes amidst record-high venture capital interest in the defense tech sector, with nearly $3 billion raised in 2024 so far.
While Susa Ventures traditionally focuses on software and fintech, Humba Ventures explores hardware-focused solutions. Their portfolio includes companies like Treeswift, utilizing robots for forest monitoring, and Antares, developing nuclear microreactors. This shift requires a different evaluation approach, prioritizing technological viability and team expertise over market dynamics, as highlighted by Susa/Humba General Partner Leo Polovets. For more on emerging technologies, see Google's AR Glasses.
Fund Focus and Strategy
Given the sensitive nature of defense tech, Humba Ventures has adopted a cautious approach to fundraising, primarily targeting investors from the U.S., U.K., New Zealand, Australia, and Canada, while excluding investments linked to regions like China and the Middle East. This strategic decision reflects the fund's commitment to aligning with its investment focus. For insights into international tech investments, consider Honor MagicBook Art 14's European Launch.
Despite being a $40 million fund, Humba leverages shared resources with Susa Ventures, amplifying its operational capacity and reach. This collaborative structure allows both firms to operate with the resources of a much larger fund, enhancing their competitive edge in the market. For more on venture capital strategies, see Mac Pro's Future.