Before joining IronGate, Ryan Morfin built Wentworth Management Services from a small firm into a company overseeing more than $300 billion in assets, later selling it in 2022 at a record valuation for broker-dealers—an unusual operator track record for a venture investor, especially one who holds a physics degree from the University of Chicago and frames his defense-tech investing around helping the U.S. stay ahead through innovation rather than just chasing returns. He also built a public platform around these ideas through his Non-Beta Alpha podcast and appearances with defense leaders, argues that venture capital should actively help companies work with the government, sits on the board of the American Latino Museum, and often tells the story of IronGate's origin on cocktail napkins at a New York pub.
About their Fund
Sectors
Defense, AI, Cybersecurity, Space, Robotics
Rounds
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Notable Investments
IronGate is a venture fund focused on dual-use national security technology, investing both directly in early-stage companies and in other venture capital partnerships that back technologies strengthening the U.S. and allied nations, including the UK, NATO, and AUKRUS-related efforts. Its portfolio leans heavily toward space and defense infrastructure—like satellites, orbital systems, and lunar projects—often backing non-traditional defense startups that bring military-origin technology, such as radar systems built by former defense engineers, into civilian and commercial markets.
Other partners at the fund
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