Overlap Holdings

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Mostly non-lead investor in capital‑intensive frontier‑tech hardware and science startups, partnering with strong leads and offering non-dilutive financing via Capital Solutions and government‑funding strategy led by former Pentagon official.
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Overlap Holdings
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Energy
Biotech
Materials
Space
Robotics
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What Makes them Unique

Overlap Holdings is a venture capital fund founded by former Apollo Global Management Senior Partner Justin Stevens that focuses on frontier-tech companies at the intersection of scientific innovation and hardware, and rather than leading deals, it typically follows strong lead investors while adding non-dilutive financing support through its Capital Solutions arm (30+ years of structuring experience and 250+ lender relationships) and its Government Solutions arm, which offers a structured government-funding strategy led by former Pentagon industrial-base policy official Elizabeth Stockton. Its $33M first fund plans 30–35 mostly non-lead investments averaging about $700k each, backing capital-intensive companies like Impulse Space, Hadrian, Anthro Energy, Integrated Biosciences, Mendaera, Antora, Muon Space, and Starfish Space, based on the idea that frontier-tech companies need a financing strategy for their entire journey, not just capital for their next funding round.

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