Exclusive: The Pentagon is committing $150M to a maritime tech VC fund and appears to be ramping up venture deals

The Pentagon, which started making capital commitments to U.S. venture capital funds around three years ago, has begun making new allocations to funds that invest in “critical” technologies it deems important to national security.

The Department of Defense, via the Office of Strategic Capital and the Small Business Administration, committed $150 million to Mare Liberum, a maritime technology-focused venture fund founded three years ago, for its second investment fund, Fortune has learned.