Veteran Ventures Capital Leads $2.5 Million Seed Round in Virginia-Based Advanced Manufacturing Firm
Veteran Ventures Capital (VVC) has led a $2.5 million Series Seed Preferred financing round for Radian Forge, an advanced manufacturing company based in Portsmouth, Virginia. The investment aims to scale the production of large-scale metal components using Wire Arc Additive Manufacturing (WAAM), which is used primarily for U.S. naval and defense applications. The funding will help accelerate Radian Forge's capacity expansion as part of broader efforts by the United States government to strengthen domestic shipbuilding, repair capabilities, and supply chains in the maritime industrial base. The investment was made through VVC’s Fund II with additional support from Virginia Innovation Partnership Corporation (VIPC) and existing investors. Radian Forge plans to leverage this funding alongside a $10.5 million expansion announced earlier by Governor Abigail Spanberger, which will create 53 new jobs in Portsmouth. The company's technology reduces production lead times significantly—by up to 80%—and is positioned as critical for enhancing U.S. naval readiness and manufacturing resilience.
Topics: defense industry funding manufacturing