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How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund

Instead of spending a year raising a formal venture fund, the Sabertooth VC founder used a captive network of LPs to invest in startups like Anthropic…

AIFundraisingVentureandurilAnthropicplayground globalSpaceXSPV
TechCrunch Jun 9, 2026, 23:17 UTC
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How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund

Instead of spending a year raising a formal venture fund, the Sabertooth VC founder used a captive network of LPs to invest startups like Anthropic, A…

AIFundraisingVentureandurilAnthropicplayground globalSpaceXSPV
TechCrunch Jun 9, 2026, 23:17 UTC
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Defense tech is flooded with money, but who’s built to last?

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, an…

Government & PolicyVentureandurildefense techEquity Videogovernment contractsPalantirross fubiniventure capitalXYZ Venture Capital
TechCrunch Jun 3, 2026, 20:51 UTC
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Ex-Anduril engineer raises $42M to build the Amazon of composite parts

Layup Parts co-founder Zack Eakin has drawn on a motorsports background, and his experience working for Palmer Luckey and Elon Musk, to tackle making …

FundraisingStartupsandurilExclusiveFounders Fundlayup parts
TechCrunch Jun 2, 2026, 18:00 UTC
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Mach Industries just spent $50M to solve a major defense tech problem

Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale…

HardwareTCandurildefense techEthan Thorntonmach industries
TechCrunch May 19, 2026, 21:09 UTC

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