Arlington private equity firm Washington Harbour Partners LP has raised more than $20.2 million across two funds focused on making investments relating to artificial intelligence.
According to filings with the Securities and Exchange Commission, Washington Harbour, located at 1201 Wilson Blvd. in Rosslyn, raised $17.61 million for its Washington Harbour AI Pilot LLC fund. The firm also raised a separate $2.65 million for its Washington Harbour Maritime AI LLC fund.
Both funds marked Dec. 22, 2023, as their first date of sale, which required outside investors to contribute a minimum of $100,000 to participate, according to the documents signed by Washington Harbour Chief Financial Officer Stephen Guffey.
Guffey did not return a request for comment, nor did an authorized spokesperson for the company.
Washington Harbour is no stranger to making investments in tech companies, having backed the likes of San Francisco cloud collaboration company Airtable; Boston fantasy sports and betting app DraftKings Inc.; Paoli, Pennsylvania privacy software firm DuckDuckGo; Cary, North Carolina video game developer Epic Games; Denver data software company Palantir Technologies; and San Francisco-based social news platform Reddit Inc.
The firm says it invests in companies starting at the Series B level up to pre-IPO. It tends to focus on startups working in cybersecurity, government, defense IT, consumer tech and enterprise software, according to its website.
Chief Investment Officer Mina Faltas served as the head of research at Nokota Management, a $2.7 billion hedge fund based in New York, before he founded Washington Harbour in 2019.
In November, Washington Harbour acquired Annapolis cybersecurity startup Sixgen Inc. The firm also participated in a $70 million Series B raise for D.C. cybersecurity firm Adlumin in October.
