USAA has made an anchor commitment to the military graduate investment network’s first fund, which is targeting $50m for its final close.
Insurance and financial services provider USAA has supplied a $2.5m anchor investment for US-based Academy Investor Network (AIN)’s debut fund, which has a $50m target, TechCrunch has reported.
AIN is an investment network of graduates from military academies. It will primarily invest in veteran-led startups operating across a variety of sectors, but also civilian-led companies developing technology for the government and defence sectors.
The network consists of graduates from the United States Naval Academy, US Military Academy, US Air Force…
