Friends & Family Capital

What does it take to build a world-class finance org from scratch? On the latest episode of Incoming Statements (a podcast by Numeric), our Founding Partner Colin Anderson sits down with Anthony Alvernaz to unpack the journey from early Palantir to leading Friends & Family Capital. They cover how to hire for mission and capacity, and why legibility, trust, and high-caliber thinking matter more than ever in modern finance. Required listening for any founder building finance from zero to one. Apple: https://lnkd.in/gGPfcPSs Spotify: https://lnkd.in/g58kdDaJ

𝗙𝘂𝗻 𝗳𝗮𝗰𝘁: talented people know talented people! A number of our portfolio companies are actively hiring key finance roles, here is an inside look. Interested or know any great finance & accounting leaders? Share with your network, apply directly, or DM us for more info. #hiring #careers

Astranis Space Technologies has been selected as a Prime Contractor for Phase I of the US Space Force's Projected Tactical Satcom-Global program, dubbed PTS-G, to deliver jam-resistant GEO communications. Phase I opens with a $37 Million design-and-demo order shared across Astranis, Boeing, Northrop Grumman, Intelsat, and Viasat. In just six months, the Space Systems Command will move forward with select companies for Phase II, where they will begin placing satellite orders under a $4 Billion IDIQ vehicle. Astranis is the only venture-backed newcomer in Phase I, proving that innovative businesses can break into large government procurement processes. Astranis will field its "MicroGEO" platform: Satellites with fully software-defined payloads that are roughly the size of a washer-dryer and cost a fraction of legacy GEO satellites. For the warfighter, the PTS-G program translates to resilient, anti-jam communication links that are deployed on commercial timelines, not decade-long procurement cycles. Production starts now with the first satellites set to be in orbit by 2028. 𝘐𝘮𝘢𝘨𝘦𝘴 & 𝘷𝘪𝘥𝘦𝘰 𝘤𝘰𝘶𝘳𝘵𝘦𝘴𝘺 𝘰𝘧 𝘈𝘴𝘵𝘳𝘢𝘯𝘪𝘴.

Welcome to the cloud 𝘆𝗼𝘂 own.   Oxide Computer Company raised $100 Million in Series B funding, with participation from all existing investors, to deliver on-demand elastic resources with on-prem economics and governance. The company builds full-stack, rack-scale cloud computers for on-premise deployment that integrate hardware and software for a seamless experience with performance, security, and cost in mind. With Oxide, enterprises can realize the operational benefits of cloud ownership with access to the same self-service development experience of the public cloud, yet without the public cloud cost. Modern workloads demand infrastructure that offers cloud-like simplicity with on-premise control. The shift back to infrastructure ownership continues to gain momentum as enterprises reassess the true cost of the public cloud. Congratulations to Steve Tuck, Bryan Cantrill, and the Oxide team. We are proud to partner on this mission. Read more here: https://lnkd.in/gHNVf9Xu

Palo Alto Networks Announces Acquisition of CyberArk for $25 Billion. Public market acquisitions can influence valuation multiples for high-growth technology companies in the private markets. An update on recent acquisitions and multiples for our friends building technology companies can be found below.

Key Takeaways from the Q2 2025 Market Conditions Update: • Strong start to the year with healthy deal activity across the board • Both deal volumes and mark-ups set almost three-year highs • AI companies continue to raise faster than non-AI counterparts • Global volatility steadied though trade discussions continue • IPO and M&A markets warm with a number of deals on file • Investor demand remains for strong core business models The Friends & Family Capital Market Conditions Update features metrics that we track internally on companies raising capital at valuations ranging from $1 Billion to $10 Billion. This is one of the assets we review with founders, CEOs, and CFOs in our network as they prepare for their growth rounds. The summary report is available for review below.

The U.S. Navy’s nuclear-powered fleet plays a critical role in national defense and maintaining that fleet safely and efficiently has become more essential as the infrastructure ages and mission demands increase.   𝗧𝗼 𝗖𝗮𝘁𝗰𝗵 𝗬𝗼𝘂 𝗨𝗽 𝗼𝗻 𝘁𝗵𝗲 𝗡𝗲𝘄𝘀: • This week, Gecko Robotics announced a new partnership with Bechtel Plant Machinery, Inc. (BPMI) to support the Navy’s nuclear propulsion program • The partnership introduces advanced manufacturing technology to the production of high-quality components installed aboard U.S. Navy nuclear-powered aircraft carriers and submarines • Gecko’s robotic inspection technology and predictive software tools will help modernize how key components are maintained • Initial trials have shown that inspection times for forged components were reduced by up to 90%, which will significantly lower cost and accelerate schedule performance for the U.S Navy   Gecko’s wall-climbing robots are already used across energy, defense, and manufacturing sectors to replace manual inspections with high-speed, high-fidelity data collection. In the Navy’s case, the ability to rapidly assess aging infrastructure could help reduce downtime, extend asset life, and strengthen fleet resilience and readiness amid rising global tensions and strategic uncertainty.   𝗪𝗵𝗮𝘁’𝘀 𝗡𝗲𝘅𝘁: The collaboration with BPMI reflects a broader push to bring more advanced tools into defense and energy maintenance. As more vital infrastructure reaches end-of-life thresholds, digitization of inspection and repair has become a necessity, not a luxury. 𝘐𝘮𝘢𝘨𝘦𝘴 𝘤𝘰𝘶𝘳𝘵𝘦𝘴𝘺 𝘰𝘧 𝘎𝘦𝘤𝘬𝘰 𝘙𝘰𝘣𝘰𝘵𝘪𝘤𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘋𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵 𝘰𝘧 𝘌𝘯𝘦𝘳𝘨𝘺

The ability to link action with impact and prove a hard dollar ROI has foiled many marketing and analytics leaders for far too long. A new collaboration between Alembic Technologies, NVIDIA, and The Walt Disney Company seeks to change that, showing how first-party data and modern AI infrastructure can unlock decision-quality insights and real-time attribution, even for brand investments. On the podcast "The One with the Founder", Alembic CEO Tomas Puig explains what this shift means for CMOs, CEOs, and the future of data-driven strategy. As our own Colin Anderson puts it: "The Marvel Team-Up between Alembic, NVIDIA, and Disney unlocks important and privacy-first insights that have been too long buried deep in the data. This can change the future of decision making for CMOs, CFOs, and CEOs around the world." Apple: https://lnkd.in/gzibS6Bk Spotify: https://lnkd.in/g4BkXRDp

Thoma Bravo Announces Acquisition of Olo for $2 Billion. Public market acquisitions can influence valuation multiples for high-growth technology companies in the private markets. An update on recent acquisitions and multiples for our friends building technology companies can be found below.

𝗙𝘂𝗻 𝗳𝗮𝗰𝘁: talented people know talented people! A number of our portfolio companies are actively hiring key finance roles, here is an inside look. Interested or know any great finance & accounting leaders? Share with your network, apply directly, or DM us for more info. #hiring #careers