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The Venture Codex

Overview

Defense-focused unit coordinating economic tools for national security.

Deals · 12mo

1

Stage focus

Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

1rounds
NAMEDATESIZE
Hertha Metals
Sep 2026Participated
$134 MSeries A
Hertha Metals
Sep 2026Participated
$134 MSeries A
1
Items
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Insights

Time horizon

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Deal Distribution

Economic Defense Unit: 1 funding rounds are recorded in the selected participation categories.All available history.
Economic Defense Unit: 1 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A01

Monthly Deal Activity

Economic Defense Unit: 1 deals are recorded across 2 months.All available history.
Economic Defense Unit: 1 deals are recorded across 2 months. All available history
MonthDeals
Sep '261
Oct '260

Sector Breakdown

Economic Defense Unit: Manufacturing is the largest displayed sector by deal count (1 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Economic Defense Unit: Manufacturing is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Manufacturing1
Clean Energy & Sustainability1

Deal Size Distribution

Economic Defense Unit: 1 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Economic Defense Unit: 1 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Economic Defense Unit: United States has the largest recorded deal count among the displayed regions (1 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Economic Defense Unit: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Economic Defense Unit: 11 co-investors are shown, with CEV sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Economic Defense Unit: 11 co-investors are shown, with CEV sharing 1 recorded deals. All available history
Co-investorShared deals
CEV1
Clean Energy Ventures1
Doerr Capital1
Gates Frontier1
Industrial Base Analysis and Sustainment1
Khosla Ventures1
Niterra1
Pear VC1
Siemens Financial Services1
Toyota Ventures1
United States Government1

Investment Strategy

Economic Defense Unit: Led accounts for 0% and participating for 100% of round participation.All available history.
Economic Defense Unit: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating1100%
Economic Defense Unit: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Economic Defense Unit: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

No team members found for this fund.