About Overmatch
Overmatch is a venture capital firm founded in 2023. It is primarily based out of Austin, United States. As of Sep 2026, Overmatch is an active investor, having invested in 30 companies, with 9 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Aerospace, Maritime and Defense Tech. Most recently it participated in the $***** Series B round of Efficient Computer Overall, Overmatch portfolio has seen 8 unicorns, 1 IPO and 1 acquisition including key companies like xAI, Infleqtion and Base Power. A lot of funds co-invest with Overmatch, with names like Ensemble sharing a substantial percentage of its portfolio. Overmatch has team of 11 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Overmatch's List of Top Investments
Overmatch has a portfolio of 30 companies, including 8 unicorns. Their most notable investments are in Critical Materials Group and Armada.Their portfolio spans across and United States. They have invested in High Tech, Enterprise Applications, Aerospace, Maritime and Defense Tech and 16 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by Overmatch:1. xAI
Platform providing AI-powered assistant for image generation and trend analysis. It is an artificial intelligence (AI) company focused on advancing scientific discovery and fostering a deeper understanding of the universe through its AI model, Grok. Grok is a powerful AI assistant designed to provide truthful, useful, and curious insights by leveraging real-time search, image generation, and trend analysis capabilities. Through its developer API, xAI enables seamless integration of Grok's intelligence into various projects and applications.
Key facts about xAI
- Founded Year: 2023
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $45B
- Employee Count: 6,652 as on Sep 30, 2026
- Investors: Fidelity Investments, Glade Brook Capital and 66 Others
- Latest Funding Round: Series E, Jan 06, 2026, $*****
- Highlight: Acquired
2. Infleqtion
Provider of neutral-atom quantum technology, products and solutions. The company specializing in neutral-atom quantum computing, precision quantum sensing, and quantum software. They are focused on driving the industry forward and building an ecosystem of quantum technologies. It is used for defense and national security, space, telecommunications, scientific research and enterprise computing.
Key facts about Infleqtion
- Founded Year: 2007
- Location: Louisville (United States)
- Stage: Public
- Total Funding till date: $311M
- Employee Count: 258 as on Aug 31, 2026
- Investors: Glynn Capital, Maverick Ventures and 31 Others
- Latest Funding Round: Grant (prize money), Mar 11, 2026, $*****
- Highlight: Public
3. Saronic
Developer of autonomous surface vessels for naval and maritime forces. These vessels enhance awareness, extend reach, and improve survivability in diverse operational environments. The autonomous surface vessels navigate using adaptive path planning and identify targets with advanced algorithms. They leverage resilient communications to enable manned and unmanned teaming. The vessels deliver user-defined effects with payload integrations and adapt to mission-specific requirements.
Key facts about Saronic
- Founded Year: 2022
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.58B
- Employee Count: 1,362 as on Sep 30, 2026
- Investors: Glade Brook Capital, DFJ Growth and 32 Others
- Latest Funding Round: Series D, Mar 27, 2026, $*****
- Highlight: Editors' Pick
4. Base Power
Provider of battery storage system. They offer home battery storage solutions empowering households to take control of their energy needs. They leverage cutting edge technology to provide whole home backup power protection with a focus on reducing electricity costs and mitigating the impact of power outages.
Key facts about Base Power
- Founded Year: 2023
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.5B
- Employee Count: 461 as on Aug 31, 2026
- Investors: CapitalG, Spark Capital and 25 Others
- Latest Funding Round: Series D, Aug 03, 2026, $*****
- Highlight: Editors' Pick
5. Apex
Manufacturer of configurable satellite platforms designed for various mission requirements. The company offers productized bus platforms to increase reliability and accelerate mission timelines. These platforms are designed with built-in configurability to meet specific mission needs. The company focuses on speed and scale to support faster time-to-orbit. End-to-end mission services are available to simplify the path to orbit.
Key facts about Apex
- Founded Year: 2022
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $718M
- Employee Count: 446 as on Sep 30, 2026
- Investors: Glynn Capital, Glade Brook Capital and 24 Others
- Latest Funding Round: Series D, Apr 10, 2026, $*****
- Highlight: Editors' Pick
Overmatch's Year-on-Year Investment Trends
Overmatch has invested in 30 companies over the last 3 years, with an average of 8 new investments annually in the last 3 years. In 2025, it made 9 investments, while as of Sep 2026, it has made 9 investments in this year. Its most recent first time investment was in quartermaster.us and most recent follow-on round was in Efficient Computer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 3 | 9 |
2025 | 7 | 2 | 9 |
2024 | 9 | 0 | 9 |
2023 | 1 | 0 | 1 |
Overmatch's Investments by Stage
Overmatch has made 10 investments in Series A stage with an average round size of $44.3M, 5 investments in Series B stage with an average round size of $110M, 4 investments in Seed stage with an average round size of $12.3M, 2 investments in Series C stage with an average round size of $78.1M and 2 investments in Series D stage with an average round size of $240M.Stage of entry | No. of Investments |
|---|---|
Series A | 10 |
Series B | 5 |
Seed | 4 |
Series C | 2 |
Series D | 2 |
Note: We have considered here, only first round of investments
Overmatch's Investments by Sector
Overmatch has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Aerospace, Maritime and Defense Tech, Aerospace, Maritime and Defense and Enterprise Infrastructure. Notably, it has invested in 22 Enterprise (B2B) companies, 22 Tech companies, 17 Tech hardware companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 11 |
Enterprise Applications | 7 |
Aerospace, Maritime and Defense Tech | 6 |
Aerospace, Maritime and Defense | 2 |
Enterprise Infrastructure | 2 |
Others | 20 |
Note: We have considered here, only first round of investments
Overmatch's Investments by Geography
Overmatch has made most investments in United States (22).Overmatch's recent investments
Overmatch has made 9 investments in 2026 so far. Efficient Computer and quartermaster.us are the latest among them.Here are the most recent investments by Overmatch:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 29, 2026 | United States | Series B | 4888 | [+9] | |
Sep 28, 2026 | United States | Series B | 9675 | [+1] | |
Aug 26, 2026 | United States | Series A | 2367 | ||
Jul 27, 2026 | United States | Seed | 1019 | ||
Jun 15, 2026 | - | Series D | 9767 | [+1] |
Unicorns in Overmatch's Portfolio
Overmatch has 8 unicorns in its portfolio - Armada, True Anomaly, Nominal and others. The most recent unicorn in their portfolio is Armada. It became a unicorn in 2026.Here is a list of unicorns in Overmatch's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of edge platform combining connectivity, compute, and real-world AI | 2016 | Boston | Series B | nrkdppt | ||
62 | Developer of materials and products for space solutions | 2022 | Centennial | Series D | jgfkygf | ||
63 | Provider of a unified industrial data stack for hardware engineering | 2017 | Los Angeles | Series B | qvki{{w | ||
56 | Provider of wireless telecommunication infrastructure services | 2021 | Livermore | Series B | cyfnpnn | ||
66 | Provider of AI-powered solutions for automated code translation and edge deployment | 2023 | Boston | Series B | uqcmzex |
IPOs and Publicly Listed companies in Overmatch's Portfolio
1 of Overmatch's portfolio company became public - Infleqtion. It got listed on the New York Stock Exchange (NYSE), in Feb 2026 at marketcap of $2.39BHere are Overmatch's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 17, 2026 | Dec 27, 2024 | Series C | 2831 |
Acquired companies in Overmatch's Portfolio
1 company from Overmatch's portfolio has been acquired. The most recent acquisition was xAI in Feb 2026 by SpaceX for $*****.Here are Overmatch's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2026 | - | - | 6859 |
Team profile of Overmatch
Overmatch has a team of 11 members including 5 Partners, 3 Venture Partners and 1 Principal located in United States. Overmatch's team does not sit on the board of any company as of now.Here is a list of top team members in Overmatch:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | New York City | - | ||
Partner | Boulder | - | ||
Partner | Winter Park | - | - | |
Venture Partner | Austin | - | ||
Venture Partner | Austin | - | ||
Venture Partner | Austin | - | - | |
Principal | United States | - |
Co-investors of Overmatch
Over the past 3 years, 284 investors have co-invested in Overmatch's portfolio companies. This includes funds and angels.
- Invested before Overmatch: Lux Capital, 8VC and 134 others have invested in rounds before Overmatch. There are 4 companies where Lux Capital has invested before Overmatch and 4 companies where 8VC has invested before Overmatch.
- Top Co-investors of Overmatch: 105 investors entered a company along with Overmatch. These include investors like Ensemble (4 companies).
- Invested after Overmatch: A total of 43 investors have invested in Overmatch's portfolio after their investments. Top Investors include Valor Equity Partners (3 companies), NightDragon (2 companies) and DFJ Growth (2 companies).
Recent News related to Overmatch
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Efficient Computer Raises $97M in Series B FundingFinSMEs•Sep 29, 2026•Overmatch, Union Square Ventures, TF Capital
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Quartermaster Secures $140M Funding for Maritime Data Network ExpansionSmart Maritime Network•Sep 28, 2026•First Round Capital, Stifel, Insight Partners, TMV and 3 others
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Critical Materials Group Raises $10 Million in Seed Round for Energetics Production PlatformDefense Daily•Sep 02, 2026•Critical Materials Group, Overmatch, Fulcrum Ventures
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Z Venture Capital invests in Sygaldry for quantum-powered AI data centers.PR TIMES•Apr 15, 2026•Sygaldry, Z Venture Capital, Overmatch, Rock Yard Ventures and 6 others
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Kingdom Holding Acquires $68M Stake in Breakthrough Energy VenturesStartup Scene•Apr 06, 2026•Breakthrough Energy, Kingdom Holding Company, Sygaldry, Overmatch and 11 others
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Overmatch Ventures Secures $250M Second Fund to Back Defense, Space StartupsGovCon Wire•Mar 30, 2026•Overmatch
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Efficient Computer Raises $60 Million to Advance Energy-Efficient General-Purpose Processors for AIintelligence360•Mar 11, 2026•Eclipse, Overmatch, Efficient Computer, Overlap Holdings and 5 others
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Code Metal Secures $125M Series B at $1.25B Valuation to Bridge the Trust Gap in AI Code GenerationBusiness Wire•Feb 20, 2026•Code Metal, Salesforce Ventures, Overmatch, B Capital and 7 others
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Efficient Computer Raises $60M to Keep AI Devices Running for MonthsSiliconAngle•Feb 18, 2026•Efficient Computer, Triatomic, Eclipse, Overmatch and 4 others
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Overland AI raises $100M to meet military demand for autonomous ground vehiclesGeekWire•Feb 03, 2026•Overmatch, Overland, StepStone Group, Shasta Ventures and 6 others
