Army Venture Capital Corporation

Army Venture Capital Corporation
Company typeVenture capital firm
IndustryDefense
Key people
Jake Chapman (Managing Director)
Websitehttps://www.army.vc/

The Army Venture Capital Corporation (AVCC) is the venture capital arm of the United States Army.

History

The AVCC was established by the U.S. Congress in 2002 with an initial funding allocation of twenty-five million dollars.[1] The organization has achieved limited success in accomplishing its stated goals since its founding.[2]

See also

References

  1. ^ Department of Defense and Emergency Supplemental Appropriations for Recovery from and Response to Terrorist Attacks on the United States Act (Public Law 107-117). 107th United States Congress. September 30, 2002.
  2. ^ Barnett, Jackson (2022-02-11). "The Army is trying to jump-start its venture capital arm". FedScoop. Scoop News Group. Retrieved 2022-04-08. The Army Venture Capital Corporation's (AVCC) first iteration was a failure, investing in companies that deflated during the 2008 recession and not building the goodwill it needed in the valley to be a trusted partner. Or a least, that's Chapman's diagnosis and exactly what he wants to avoid.

Further reading


Stub icon 1 Stub icon 2

This article about a private equity or venture capital firm based in the United States is a stub. You can help Wikipedia by expanding it.