Latest fund size
$225M
Announced
June 23, 2026
Global HQ
United States
Members only
Check size
$2M-$10M
Members only
Stage focus
Seed, Series A
Members only
Regions of investment
North America
Members only
Banner VC is an Austin, Texas-based early-stage venture firm co-founded in August 2025 by Brooks Morgan and Adam Ramada, both former prominent staffers at the Department of Government Efficiency (DOGE) under Elon Musk. The firm raised a $225 million debut fund confirmed via SEC filings in June 2026, one of the largest debut venture funds raised in recent memory, alongside a separate $75 million co-investment vehicle used to co-lead a funding round in orbital infrastructure startup Impulse Space.
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Banner VC backs early-stage technology companies across artificial intelligence, enterprise software, cybersecurity, digital infrastructure, and emerging technologies.
The firm's portfolio reflects a strong orientation toward frontier American technology, including space infrastructure, defense-adjacent technology, and AI, consistent with the founders' background in government technology reform.
Members only
What the fund looks for in founders and which sectors it backs.
Banner VC Fund I closed at $225 million, confirmed via SEC filings in June 2026.
The firm separately raised approximately $75 million to co-lead a funding round in Impulse Space. LP composition is not publicly disclosed beyond confirmation of institutional and individual investors.
Members only
Fund size, LPs and track record.
Leadership
Brooks Morgan is Co-Founder and Partner, a former senior DOGE staffer who left the initiative in August 2025 to co-found Banner VC.
Adam Ramada is Co-Founder and Partner, a former DOGE staffer who was detailed to both the Department of Education and the Department of Labor during his time in government before leaving in August 2025 to co-found Banner VC alongside Morgan.
Investment Strategy
Banner VC combines capital with strategic guidance, operational expertise, and access to technology and government networks built during the founders' time at DOGE.
The firm targets founders building the next generation of American technology infrastructure and takes an operator-first partnership approach, drawing on direct experience scaling technology organizations in high-stakes environments.
Notable Investments
Members only
Leadership, investment strategy, notable investments and exits.
