Federal News
DoD Commits $150M to Maritime-Tech Venture Fund
March 23, 2026
The Department of Defense (DoD) has committed $150 million in capital, structured as a loan, to Mare Liberum's second maritime-technology-focused venture capital fund as of September 2025. This strategic investment reflects the DoD's increased engagement in venture capital to accelerate innovation in critical defense sectors such as maritime technology, artificial intelligence, and unmanned systems. Mare Liberum underwent a rigorous 10-month vetting and due diligence process, becoming one of 23 firms selected by the Office of Strategic Capital to receive funding. This move aligns with broader DoD efforts to maintain technological superiority amid global competition, particularly with China.
- Why this matters: Procurement professionals should note the growing role of venture capital partnerships in defense innovation funding, signaling new pathways for technology acquisition beyond traditional contracts.
- The involvement of the Office of Strategic Capital indicates a formalized mechanism for vetting and funding emerging technology firms, which may influence future procurement strategies.
- Companies developing maritime, AI, or unmanned technologies may find increased opportunities through venture-backed portfolio companies supported by DoD capital commitments.
- Understanding the extended vetting and due diligence process is critical for firms seeking to participate in similar DoD venture initiatives.
The process was extremely onerous. The vetting process took about 10 months, and Mare Liberum underwent reference checks and rigorous due diligence, and spent more than six figures of legal bills to become one of 23 firms selected by the Office of Strategic Capital.
— Erik Bethel, General Partner at Mare Liberum
Over the last 20 years, weโve seen this incredible convergence of compute, now artificial intelligence. I saw a dire need to apply these new compute and AI technologies to the defense sector.
— Rear Admiral Lorin Selby, Partner at Mare Liberum
Agencies
Department of Defense, Office of Strategic Capital, Small Business Administration
Vendors
Mare Liberum, Americaโs Frontier Fund, Regent Craft, Epirus, Anthropic
Contracts
$150 million