Celebrated as Veterans Day in the U.S. and as Armistice Day or Remembrance Day in countries around the world, the November 11th holiday commemorates the end of World War I and honors the service of military veterans. With this day in mind, we've used the PitchBook Platform to track VC investment in companies that provide services to members of the military, focusing on companies in the U.S. Here is a select list of startups that have gained VC funding within the past two years:
Defense Mobile - A U.S.-wide 4G mobile service, the company offers popular smartphones, no annual contract plans, cash back rewards and applications that help veterans manage the benefits they have earned. It received $10M of Series A funding at a valuation of $30M in October 2013.
ID.me - The company began as a tool that allowed members of the military to securely submit their identity to get access to thousands of discounts and exclusive savings online. The platform has since expanded to offer the service to students, first responders, teachers and more. ID.me raised over $10M this past March.
Unite US - Connects veterans, service members and their families with valuable resources and supporters in their local communities. The company also provides organizations with community management and coordination software to help them effectively serve and communicate with military families. It raised $2M in seed funding in August 2013.
RallyPoint Networks - A networking platform for the military community and its supporters, aiming to change the way brands and hiring managers connect with and recruit military talent. The company last raised $5.3M of Series A funding at a $17M valuation in October 2013.
If you'd like to see which VC firms have invested in these companies, or if you'd like to break down VC investment in other industries or regions, contact us here.