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Humba Ventures raises $40M fund to invest in deep tech, defense tech
Humba Ventures is a sister-firm to Susa Ventures, the seed-stage firm that has backed companies like Robinhood, Human Interest and Flexport.
The fund comes at a time when defense tech is seeing venture investment reach record highs: Startups in the sector have raised nearly $3 billion so far in 2024, according to Crunchbase. Susa has historically invested in fintech and software companies — a far cry from some of the hardware bets the Humba team has already made — Treeswift, for one, uses robots to monitor forests, while Antares is working on nuclear microreactors. Humba will be competing in a busy sector, particularly with firms like Andreessen Horowitz with its American Dynamism initiative as well as Founders Fund, but Polovets sees the sister-fund structure as a huge selling point.
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