Razor’s Edge tops goal for its fourth fund
GettyImages.com/Peter Dazeley
By
Nick Wakeman
With $560 million in committed capital, the venture investment firm is focused on making more national security investments.
Razor’s Edge, a venture firm focused on national security investments, has closed its fourth fund at $560 million in committed capital to surpass its original goal of collecting $400 million.
The firm now manages around $1.25 billion in total assets. Fund IV is the largest that Razor’s Edge has raised since its founding in 2010.
“This fund represents a renewed commitment to our mission to ensure the U.S. and its allies maintain technological superiority in an increasingly contested world,” Peggy Styer, a co-founder and managing partner, said in a release Thursday.
The firm's federal market portfolio includes stakes in Altamira, Dark Wolf Solutions, Black Ve, BlackSea, GoSecure and VelocityBlack. Some of the technologies and capabilities these companies possess include secure communications, autonomous systems, and geospatial intelligence.
“With Fund IV, we are continuing our commitment to build enduring companies that support and maintain the defense of our country,” said Jack Kerrigan, a co-founder and managing partner.