Snowpoint Ventures is a Palm Beach, Florida-based venture capital firm investing in dual-use technology companies that serve both government and commercial customers. The firm backs US-based businesses in data, deep tech, and frontier technology, with an emphasis on national security and societal resilience, and manages roughly $1 billion in assets across its funds.
Snowpoint Ventures invests in dual-use technology companies building for both government and commercial markets, concentrated in the United States.
The firm's portfolio spans aerospace and defense, space communications, autonomous systems and robotics, advanced energy, cybersecurity, and defense software. It invests primarily at the Series A through growth stages, with recent activity skewing toward Series B and later rounds.
Snowpoint Ventures closed its second fund, Fund II, at $411 million, backing roughly 10 dual-use startups.
Limited partners in the firm's funds include sovereign wealth funds and university endowments.
Separately from its venture funds, Snowpoint secured a $125 million loan through a joint Department of Defense and Small Business Administration initiative; the terms of that debt have not been disclosed.
Leadership
Snowpoint Ventures was co-founded by Doug Philippone, who helped build Palantir's defense business before a military career, and Alexander Creasey, a former naval cryptologist. Both serve as Partners.
The team also includes Randy George (Partner), Ben Buchheim-Jurisson (Principal), Lillie Belle Renner (Director, Investment Operations), and Tom Fawcett (Senior Associate).
Investment Strategy
Snowpoint Ventures leads and participates in large syndicated rounds for dual-use companies, at times contributing checks as large as $300 million within a single financing.
Notable Investments
Notable Exits
Flightwave Aerospace
Doug Philippone, Partner and Co-Founder
Alexander Creasey, Partner and Co-Founder
Ben Buchheim-Jurisson, Principal,
Tom Fawcett, Senior Associate
United States
