Enlightenment reveals new fund to find, back emerging companies

Government market investment firm Enlightenment Capital has unveiled a new effort to identify and back emerging and promising technology-oriented companies.

Enlightenment said Monday its “NextGen Leaders of GovTech” initiative will commit up to $50 million for certain aerospace, defense, government and technology companies in the $10 million-$50 million annual revenue range that are led by minority or women executives.

The kind of companies Enlightenment is looking for are those delivering technical services and technology solutions in support of pressing government and national security challenges.

“By leveraging the knowledge base and engagement of seasoned executives in our network, we hope their experience will augment our efforts to identify and support the next generation of innovators and leaders in the government technology space,” Enlightenment co-founder and Managing Partner Devin Talbott said in the release.

Some of Enlightenment’s most recent high-profile exits include that from 1901 Group, which Leidos acquired last year for $215 million; and the initial public offering of cybersecurity company Telos Corp. also in Winter 2020.