Dark Horse
Dark Horse Venture Partners

American & Allied Resilience.

The shield and sword of the free world.
Defense  ·  Energy  ·  Financial Infrastructure
Scroll
Resilience is more than defense,
it is the precondition to power.
Resilient societies stand the test of time.
I

Thesis.

Dark Horse invests in American & Allied Resilience: the defense technologies, energy backbone, and financial infrastructure of the free world.

Money, energy, and security are the three systems the free world runs on. For the first time since 1945, all three are being rebuilt at once, on the same clock, for the same cause: the return of great-power competition.

We back dark horses before they’ve made their mark. They’re our people.

Join us.

Yorick Evans-Freke, Founder & Managing Partner
II

Our mandate.

Defense & Dual-Use

Autonomous systems & counter-UAS, secure compute and communications, electronic warfare, offensive cyber capabilities, space and ISR, hypersonics and kinetic capabilities, and nuclear and counter-WMD security.

Energy & Industrial

Resilient generation, advanced nuclear and fuel cycle, grid hardware and long-duration storage, fuel and critical-materials infrastructure, the data-center power stack, and the industrial backbone that powers compute and capability.

Financial Infrastructure

Regulated stablecoins, tokenized assets, and settlement rails; the clearing, custody, and collateral plumbing of the capital markets; cross-border payments; and the compliance layer, from identity to sanctions enforcement.

Artificial Intelligence

Artificial intelligence is the force multiplier across all three pillars, and it runs through every company we back.

III

Portfolio.

The integrity layer for drones and autonomous systems, applied AI, and the regulated rails on which institutional capital moves.

01
Ascend
Credit and collateral rails for tokenized securities: NAV lending, tri-party repo, and basis-trade financing on one permissioned protocol.
Tokenized Credit
02
Sees
The chip that proves a machine’s data is real: the integrity layer for drones and autonomous systems; 26 patent filings across Japan, the US, and China.
Secure Hardware
→
03
Agant
The UK’s only FCA-registered institutional sterling stablecoin; GBPA is the pound on Circle’s StableFX, live on Arc, Ethereum, Base, Solana and Tempo.
Regulated Stablecoin
→
04
Servamind
A universal AI data format and compute engine, from a founding team out of Alignment Lab AI, the Army Research Laboratory, and DHS.
Applied AI
→
05
Tokinvest
First multi-asset issuance licence from VARA and the first DMCC broker-dealer; distributes Franklin Templeton’s tokenized dollar money market fund in the Middle East.
RWA Issuance
→
06
BIMA
Bitcoin as institutional collateral: USBD, the bitcoin-backed dollar, live since April 2025, and structured products for institutional balance sheets.
BTC-Backed Dollar
→
IV

The team.

01
Yorick Evans-Freke
Founder & Managing PartnerDefense, Energy, Financial Infrastructure
New York  ·  Montana
02
Dean Mathis
PartnerDefense & Energy
Virginia
03
Kariem Sobh
PartnerFinancial & AI Infrastructure
EMEA  ·  APAC
04
Warren Raiti
Partner & General CounselFinancial Infrastructure
New York  ·  Palm Beach
05
Paul Taylor
Venture PartnerSourcing & Technology Diligence
Philadelphia
06
Penelope Johnson
Head of Investor Relations & Operations
Montana
V

Build with our portfolio.

Open roles at companies in the Dark Horse portfolio. We share these opportunities because the people who join our founders shape the firms we back.

Interested parties may apply directly. We do not act as a recruiter; introductions are made founder-to-candidate.

Filter
No postings currently. Check back with us soon.