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Lavrock Ventures
Lavrock Ventures: Stephen Smoot and Daniel Hanks run this McLean, VA seed fund, backing dual-use enterprise software and cybersecurity startups.
Lavrock Ventures
Lavrock Ventures is an SEC-registered investment adviser in Arlington, VA, registered since 2024.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
McLean
Corporate office
McLean, VA, United States
Principals
Stephen Smoot
General Partner
Daniel Hanks
General Partner
Sector focus
Frequently asked questions
What is Lavrock Ventures' investment strategy?
Lavrock focuses on early-stage, primarily seed, investments in enterprise software, cybersecurity, applied AI, and data-infrastructure companies. The firm specifically targets dual-use startups—businesses whose products can serve both commercial enterprises and U.S. government agencies. The strategy emphasizes deep, high-conviction bets rather than a high-volume portfolio approach.
Who makes investment decisions at Lavrock Ventures?
General Partners Stephen Smoot and Daniel Hanks lead all investment decisions. Smoot's background includes founding a data-analytics firm for the intelligence community. Hanks is a Palantir Technologies veteran. Their combined operational experience in the national-security technology sector directly informs the firm's sourcing and diligence process.
How does Lavrock source its dual-use deal flow?
Deal flow is heavily referral-driven and anchored in the founders' networks within the defense, intelligence, and national-laboratories community. Because both GPs have direct operational experience selling software to the government, they receive a steady stream of founder introductions from former colleagues, mission-oriented technologists, and other D.C.-area seed funds familiar with their thesis.
Does Lavrock help portfolio companies sell to the government?
Yes, government-sales enablement is a defining feature of the firm's value proposition. Lavrock's GPs guide founders through FedRAMP authorization, SBIR funding transitions, and the specific security-compliance architectures required by defense and intelligence agencies. This operational support distinguishes Lavrock from generalist seed funds that lack domain expertise in federal procurement.
What types of companies does Lavrock specifically avoid?
Lavrock generally does not invest in pure consumer technology, life sciences, or hardware-heavy manufacturing businesses. The firm stays tightly within its lane of enterprise-software and data-centric companies. Even within enterprise software, Lavrock rarely backs companies that lack a credible pathway to U.S. government sales, reinforcing the dual-use mandate.
Is Lavrock Ventures structured as a family office or a traditional venture firm?
Lavrock operates as a traditional venture capital firm, not a family office. The General Partners manage committed institutional and private capital through a standard venture-fund structure. The firm's partnership is concentrated, with investment decisions residing entirely with the named GPs.
How does the firm handle follow-on investments?
Lavrock reserves significant capital for follow-on rounds in existing portfolio companies, particularly those reaching commercial and government procurement milestones. The concentrated portfolio model demands this reserve strategy, so the GPs can maintain or increase ownership in top performers rather than being diluted by new lead investors at the Series A and B stages.
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