Valinor Enterprises, an operational holding company that builds defence and government technology businesses, raised a $54m Series A, announced on 8 January 2026. Friends & Family Capital led the round. The company said the new money brings its total capital raised to more than $85m.
General Catalyst, Founders Fund and Red Cell Partners, existing investors, continued to back the company. Narya, XYZ Venture Capital and Fifth Down Capital joined as new investors, according to Venture Capital Access Online and Pulse 2.0. No valuation was disclosed.
“It's no longer enough to focus only on building the best, most innovative products.”Julie Bush, Co-Founder and CEO, Valinor Enterprises
A holding company model
Valinor is based in Washington, D.C. and was founded in 2024, according to Venture Capital Access Online. Julie Bush, a Palantir alum, is co-founder and chief executive; Paul Kwan, a managing director on General Catalyst's Global Resilience team, is the other co-founder. Pulse 2.0 reported that the company emerged from stealth a few months before the round.
The company centralises infrastructure and go-to-market work across its businesses while keeping engineering decentralised. Pulse 2.0 reported that it works with Anduril, Palantir and Helsing. Catherine McAnney, who leads operations and investor relations, told the outlet that Valinor starts every product company with validated government demand.
The five product companies
Within a year Valinor has launched five product companies. Harbor makes a mobile, modular medical system for austere environments. Reflex builds discreet smart optics with onboard vision models. Dispatch is a modular charging node for unmanned systems.
Streamline sells secure data ingestion software for disconnected environments, and Condor makes an attritable uncrewed aircraft system, launched from the air or the ground, built on a U.S. supply chain.
Three more product companies are due in early 2026, covering military construction and infrastructure, munition lifecycle management and maritime support systems, according to the announcement.
What the money is for
Valinor said the funding will go to growing its existing product companies, creating new ones and pursuing corporate development opportunities. The sources do not give a headcount or revenue.
Bush said in the announcement: "It's no longer enough to focus only on building the best, most innovative products." Kwan said that taken individually, each of Valinor's products "has the power to categorically change outcomes".
Pulse 2.0 described Valinor as having been in stealth until a few months before the funding was announced, and said its partners include Anduril, Palantir and Helsing. The company's pitch, in Bush's words, is that building good products is no longer sufficient on its own, which is the case for pairing shared infrastructure with several product companies.
Who invested
Friends & Family Capital was co-founded by Colin Anderson and John Fogelsong, according to Venture Capital Access Online. Pulse 2.0 described the firm as led by Palantir alumni.
The $54m Series A and the more than $85m total imply roughly $31m of earlier funding, but neither source itemises it, so no earlier rounds are listed here.