Updated: July 12, 2026

Funding raised
$60M
About the program
Program type
Investment stage
Investment focus areas
Description
Iron Nation Fund II is a $60M fund ($50M already secured) with a $15M anchor from the State of Indiana. Invests seed to Series B in medtech, defense tech, deep tech, cybersecurity, and AI. Evolved from a $20.4M emergency fund launched after October 7, 2023. Early Nvidia exit via portfolio company Illumex.