Launch Code Capital

Launch Code Capital concentrates on pre-seed and seed-stage startups in enterprise software, cybersecurity, and AI/ML. The firm has a specific sourcing advantage around technologies emerging from US defense laboratories and the Air Force's SBIR/STTR ecosystem. Its geographic position in Albuquerque gives it access to founders spinning out of the Air Force Research Laboratory and Sandia National Labs.

The firm's deal flow originates largely from the defense research complex in New Mexico, including two of the largest national laboratories. Launch Code is positioned to meet founders well before formal fundraising processes, often observing technology development through government R&D programs. This physical proximity creates a pipeline of companies with non-dilutive federal funding already in place.

Launch Code typically writes first institutional checks into early-stage companies, frequently as the lead or sole institutional investor in pre-seed and seed rounds. The check size is consistent with an early-stage strategy and often represents a company's first step toward commercial venture funding after government R&D grants.

The portfolio is weighted toward dual-use technology companies that serve both US government agencies and commercial enterprise customers. The firm backs software and deep-tech startups in cybersecurity, AI/ML infrastructure, and defense-adjacent enterprise tools. Many portfolio companies hold contracts or grants from the Department of Defense or other federal agencies.

Launch Code operates as a venture capital firm, not a traditional private equity firm. Its strategy targets early-stage equity investments—specifically seed and pre-seed rounds—in technology companies, which sits firmly in the venture capital category. The firm does not pursue buyout, growth equity, or control-oriented investments.