# Coalition

Coalition is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Assets under management:** Undisclosed
- **Website:** coalition.ventures
- **LinkedIn:** https://www.linkedin.com/company/coalitionculture

## About

Coalition is first capital for frontier technology, partnering with exceptional founders building the most important technologies of tomorrow from breakthrough to market. They help founders ideate, incubate, and launch, providing first institutional checks, go-to-market know-how, deep technical expertise, and non-dilutive defense funding. They invest at the heart of deep tech in areas including next-gen computing, resilient communications, physical AI and autonomy, and advanced manufacturing.

## Sectors

- Next-Gen Computing
- Physical AI & Autonomy
- Advanced Manufacturing
- Defense Tech
- Robotics & Automation
- SpaceTech
- Industrial Tech

## People

- Tom Hennessey — CEO Coalition
- Steven Hong — CEO Coalition
- Troy Brown — CEO Coalition

## Questions

### Who runs investment decisions at Coalition?

Three managing partners — Tom Hennessey, Steven Hong, and Troy Brown — all carry the CEO title and manage the firm collectively. The firm's website describes them as "Portfolio CEOs who source, diligence, and integrate across Coalition companies." There is no publicly disclosed investment committee or outside board.

### How does Coalition source proprietary deal flow?

Coalition embeds itself in the MIT and Kendall Square research ecosystem, which it explicitly names on its site, and uses its portfolio CEOs as active participants in sourcing and diligence for new investments. The firm's own partners have built and exited frontier technology companies, which it claims gives them a network advantage within defense, computing, and manufacturing research communities.

### What investment stages does Coalition typically target?

Coalition targets the earliest institutional stage, calling itself the source of "first institutional checks when you're just getting started." Later rounds are led by external investors such as Khosla Ventures and Sequoia, as seen in the Mach Industries Series B and the Flux Photonics syndicate.

### How does defense R&D fit into Coalition's investment model?

Coalition explicitly offers what it terms 'non-dilutive defense funding' to portfolio companies, stating it "strategically leverage[s] defense R&D to de-risk your technology — just like the internet, GPS, and semiconductors." This creates a dual-track capitalization where companies draw on government research budgets alongside venture equity, a structure that differentiates it from venture firms without a defense-origination capability.

### Which sectors does Coalition invest in?

Coalition invests in four named verticals: next-generation computing (optical, analog, novel silicon, hybrid architectures), resilient communications (secure, adaptive, high-capacity links), physical AI and autonomy (machines that sense, decide, and act in the real world), and advanced manufacturing (new processes, infrastructure, and domestic supply chains). It does not tag software-only or consumer internet companies.

## Related profiles

- [Kinetic Partners](https://altss.com/profile/kinetic-partners)

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Last updated: 2026-08-11T15:06:27.647Z

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