Backed by Eldridge
Eldridge Defense & Security is part of a global investment strategy with deep relationships across capital markets, technology, real assets, sports, entertainment, and the operating businesses that scale them.
At Eldridge Defense & Security, we partner with the founders, operators, and technologists building the capabilities that nations depend on.
A new era of geopolitical competition is reshaping the security landscape. Allies are rearming. Supply chains are returning home. Capital is reorienting toward the technologies that underwrite sovereignty. We exist to back the founders, scale the platforms, and finance the strategic capabilities that this moment demands. We bring debt and equity capital alongside perspective, relationships, and a network of supportive businesses with a shared commitment to growth — the same operating philosophy that has guided Eldridge across every market we touch.
Macro Context
Why Now.
Three trends are converging: rising allied defense investment, the return of strategic supply chains to allied territory, and a procurement system finally built for speed. The capital opportunity is the largest of our generation.
Global Defense Spending
Source: IISS Military Balance, NATO Secretary-General reports, SIPRI. Forward years are projections aligned with NATO 5% GDP commitments.
European Allies + Canada Defense Investment
Source: NATO Secretary-General Annual Report 2025, European Defence Agency. 2030E reflects 5% GDP commitments adopted at the NATO 2025 summit.
What We Do
Invest. Build. Protect.
Invest
We identify and fund emerging defense, security, and dual-use companies with proven capabilities, durable customer relationships, and the technical edge to lead their categories.
Build
We work alongside founders to develop and scale products that serve government and commercial missions. Our approach is operational, not transactional — long-duration capital matched with long-duration partnership.
Protect
Every company we back contributes to safeguarding critical infrastructure, data, and the people who depend on them. Mission alignment is not a marketing posture for us — it is the basis of our investment thesis.
Our Mission
To accelerate the development of mission-critical capabilities that shape the future of global security — ensuring a safer, smarter, and more resilient world.
An Operating Foundation
At the core of our platform is an anchor operating company with two decades of experience at the intersection of network intelligence, defense, and the U.S. and allied security communities — a cleared workforce, mission-critical infrastructure, and customer relationships measured in decades, not quarters.
That foundation gives us a vantage point most investors don't have. We use it to build, accelerate, and de-risk the businesses we back — and to extend a working network into every category we enter.
What We Look For
Proven capability. Companies with delivered technology, durable customer relationships, and contract foundations strong enough to scale on. We are not a science-experiment investor.
Dual-use technology. Platforms that serve both government missions and commercial markets — with high barriers to entry, IP-heavy positions, and asset-light operating models.
Mission alignment. Founders building in service of national and allied security — in the United States, NATO member states, and select allied jurisdictions consistent with U.S. strategic interests.
Capital flexibility. Convertible notes, preferred and common equity with a path to control, and credit — structured to fit the company, not the fund.
Capital follows conviction.
How We Work
Our Values
Excellence
We love what we do and are grateful for the freedom to pursue ideas with capital. Our goal is to win — and we believe winning together beats winning alone. When we fall short, we dust ourselves off and learn.
Flexibility
The best path is rarely the most direct. We reevaluate when new information arrives, change directions when warranted, and communicate hard decisions with as much empathy as we can.
Inclusivity
Teams with varied backgrounds and experiences make better decisions. We seek honest, thoughtful conversation. AQ, EQ, and IQ are all celebrated.
Mission Alignment
We invest where private capital advances the public good. The companies we back deliver capabilities that matter. The returns follow when the missions do.
Operating Partnership
We are not gatekeepers. We bring perspective, relationships, and a network of supportive businesses to founders building the future. The capital is necessary; it is rarely sufficient.