Established in 2015, TFX Capital originated from an unmet need identified by a unique set of founders: former military leaders. Those who have served in the military are 45% more likely to start a business than those without military experience. Approximately 10% or 2.5 million small businesses in the U.S. are founded and led by military veterans despite less than 1% of America’s adult population serving. We believe this level of outperformance by such a small population of leaders is attributable to how those individuals developed, learned leadership and people management skills, leveraged technology at scale, and operated in dynamic, high risk environments during the early years of their professional careers (ages 18-25) via the military. While not all veterans who transition to commercial careers will become successful entrepreneurs, the talent pool is rich.

Capital raising for these founders, however, remains an enormous challenge as gaps in understanding their military experience and capabilities persist. While the U.S. military continues to be one of the world’s largest investors in leadership training and technology development, the current venture capital landscape struggles to identify, engage and value technology startups founded and led by those who have had proven military and commercial success.