Overlap Holdings

It functions as an in-house debt-advisory team for portfolio companies, leveraging a network of more than 250 lender relationships to structure and source non-dilutive financing. The service is provided free to portfolio companies and is led by COO Rob Morelli, a former head of syndicate and structuring at UBS. The firm describes it as bringing a Wall Street financing mindset to capital-intensive frontier-tech startups.

No. Overlap invests in Seed, Series A, and Series B equity rounds but explicitly states it does not lead. It prefers to follow established venture investors while contributing its Capital Solutions and Government Solutions expertise as a differentiated value-add.

Overlap's Government Solutions team, directed by former Department of Defense policy official Elizabeth Stockton, helps frontier-tech companies identify and pursue non-dilutive federal funding. Stockton previously served as Chief of Staff to the Assistant Secretary of Defense for Industrial Base Policy, an office responsible for $2 billion annually in industrial-base investments.

Stevens spent more than 18 years as a senior partner at Apollo Global Management, where he gained significant experience in financial structuring and investment management. His work spanned organizations from early-stage startups to large publicly traded companies. He is a registered representative of BA Securities, LLC.

The firm invests exclusively in frontier tech — companies building technologies at the intersection of scientific innovation and hardware. Named sectors include energy, life sciences, materials science, space, robotics, and semiconductors. It does not invest in software-only or consumer-internet businesses.