Onebrief Secures $53M to Boost Military Software Innovation
Deal News | Dec 11, 2024 | Alchemist Accelerator LLC
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Onebrief, a leader in military staff workflow software, has closed its Series B funding round, accumulating a total of $53 million. The round was led by Human Capital, with additional investments from 9Yards Capital and Caffeinated Capital. This funding follows a year of quadrupling revenue growth and will be used to expand the company's engineering team and bolster product development. The decision to secure this funding was partly a strategic measure against potential fiscal instability in defense budgets. The company's software is widely used across U.S. military headquarters, and with an anticipated expansion, it plans to serve more than half of the U.S. Combatant Commands by fiscal year's end. With a team now exceeding 100 employees, Onebrief has brought on new leaders such as David Wolf from Opendoor, Colten OMalley from Omni Federal, and Blake Lackey, formerly of the U.S. Army. The funds will focus on enhancing customer experience, data integration, and AI-accelerated operations, ensuring robust support for military needs.
Sectors
- Defense Technology
- Software Development
Geography
- United States – Onebrief's primary operations and expansions are geared towards serving the U.S. military, particularly the U.S. Combatant Commands, making the U.S. a significant geography.
Industry
- Defense Technology – Onebrief is involved in providing advanced software solutions for military staff workflows and operations, placing it within the Defense Technology industry.
- Software Development – The company focuses on software platforms that enhance military operations, making Software Development a relevant classification.
Financials
- $53 million – Total capital raised in Series B funding to expand Onebrief's engineering team and product development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Onebrief | Target Company | Company | Onebrief is a leading software platform for military staff workflows and collaboration, expecting to expand its use across U.S. Combatant Commands. |
| Alchemist Accelerator LLC | PE Firm | Company | Alchemist Accelerator is a venture capital firm that supports startups like Onebrief in their early stages of growth. |
| Human Capital | Investor | Company | A leading participant in the Series B funding round for Onebrief. |
| 9Yards Capital | Investor | Company | A venture capital firm participating in Onebrief's Series B funding round. |
| Caffeinated Capital | Investor | Company | An investor in Onebrief's latest Series B funding round. |
| Grant Demaree | CEO of Onebrief | Person | The Chief Executive Officer of Onebrief, instrumental in securing Series B funding. |
| David Wolf | VP of Engineering at Onebrief | Person | Recently joined from Opendoor to lead Onebrief's engineering team. |
| Colten OMalley | CISO at Onebrief | Person | Brings cybersecurity expertise to Onebrief, previously working with Omni Federal. |
| Blake Lackey | Head of Sales at Onebrief | Person | Joined Onebrief after a distinguished career in the U.S. Army and private sector. |