Squadra Ventures is a venture capital firm based in Baltimore, MD, USA, that focuses on early-stage institutional investments in cybersecurity, national security, and dual-use technology companies — typically coming in as one of the first professional VC partners after angel or accelerator rounds.

Pre-Seed / Seed: Actively leads/co-leads early institutional rounds (often the first institutional check after angel/accelerator).
Series A: Participates in early institutional rounds with follow-on rights and pro-rata participation.

Typical Check Size: $1M – $4M per deal, aiming to be a lead institutional investor.
Equity Taken: Squadra Ventures does not publicly disclose a fixed ownership percentage it always takes on every investment — like most venture capital firms, equity is negotiated deal-by-deal based on valuation and total round size.
• Because Squadra writes meaningful institutional checks at early stages, founders should generally expect the firm’s ownership from such a check to fall within a meaningful minority equity range (~5%–15%) when it leads or co-leads a pre-seed/seed financing, with the exact percentage heavily dependent on negotiated valuation, cap-table structure, and syndicate makeup (this range aligns with typical seed institutional VC behavior for similar check sizes).
• As a lead, Squadra typically takes board/observer rights and pro-rata rights in future rounds.
Equity Structure: Priced preferred equity is preferred, with industry-standard “clean” deal terms rather than bespoke conditional instruments.

Submission Method: Founders submit their deck via the Squadra intake form on the firm’s website; the team conducts a call and evaluates fit and thesis alignment. 
Warm intros through co-investors or ecosystem partners are common in practice but not strictly required. 

Sector Focus: Dual-use technologies with relevance to cybersecurity, defense, and national security markets.
Geography: U.S.-based companies with national security/cyber relevance; direct teamwork with founders to scale.
Stage: Pre-seed through Series A institutional capital. 
Team: Founders with domain expertise in cybersecurity, technology, or mission-critical systems.

Initial Intake: Founders submit executive summary / deck. 
 Partner Review: Squadra evaluates team, product, market, and dual-use tech fit. 
 Due Diligence: Deep diligence on technical, commercial, and operational aspects. 
 Lead Decision & Terms: Negotiation of valuation, governance, and rights — typical for institutional VC deals. 

Strategic Capital: Institutional investment typically in the $1M–$4M range tailored to go-to-market and scaling.
Operational Support: Deep post-investment support focused on go-to-market strategy, revenue growth planning, and enterprise readiness. 
Network Access: Introductions to strategic partners, government relationships, and additional co-investors. 
Follow-On Support: Pro-rata rights allow continued participation in later rounds.