VHV invests via a pre-IPO club deal in Anduril Industries
In October 2025, VAN HAL Ventures (VHV), alongside a group of 17 global entrepreneurs and investors, participated in a pre-IPO investment in Anduril Industries through an SPV club deal.
Anduril is a defence technology company building AI-driven autonomy and surveillance systems that help militaries detect threats faster and coordinate responses. Its core software platform, Lattice, fuses sensor data into a real-time operating picture and helps direct autonomous systems.
Following our investment in OpenAI, this marks another step in our commitment to AI-driven technology—and a clear statement of support for innovation that strengthens the security and resilience of free societies.
The investment was facilitated through a US-based vehicle that secured pre-IPO shares, positioning us ahead of Anduril’s potential move to the public markets. This stake reflects our conviction in the long-term value of AI and autonomy, and we expect to exit around a future public listing—recycling capital into the next generation of ventures within the VHV portfolio.
At VAN HAL Ventures, we don’t just follow innovation—we back it early. Beyond pre-IPO opportunities, VHV primarily invests in startup companies, actively supporting their development, accelerating growth, and engaging operationally to help build enduring businesses.
