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Geodesic Capital has raised $250 million for its Geodesic Alliance Fund, a new venture fund focused on advancing the U.S.-Japan alliance. The fund aims to invest in technologies that enhance national security, economic resilience, and cross-border innovation.

The fund primarily targets early-stage U.S. startups in national security sectors like AI, space, cybersecurity, autonomy, and dual-use deep technologies. Geodesic Capital announced the first close of the fund, June. 10.

Since 2015, the Geodesic Alliance Fund has raised nearly $1 billion across multiple funds, supporting high-growth U.S. companies such as Databricks, Netskope, Saronic, and Scale AI and helping them scale into Japan. Portfolio companies receive strategic guidance, regulatory navigation, and introductions to customers, partners, and talent in Japan.

Limited partners in the fund include prominent Japanese corporations and Japanese governmental institutions. Tom Gillespie, formerly managing partner at In-Q-Tel will lead the fund alongside Rayfe Gaspar-Asaoka, a deep tech investor and former partner with Canaan Partners.

“The Geodesic Alliance Fund is a new model for cross-border venture — where commercial success and strategic alignment go hand-in-hand. We believe the future of security and prosperity in the Indo-Pacific depends on deeper U.S.-Japan technology cooperation — and we’re building the platform to make that happen,” John Roos, founding partner at Geodesic Capital and former U.S. ambassador to Japan, said in a statement.