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202 Ventures is a venture capital firm based in the United States and Israel that invests in pre-seed and seed-stage startups focused on frontier, deep, and defense technologies. The firm allocates private capital to early-stage companies developing critical infrastructure and advanced technological capabilities for both commercial and government applications. Its investment thesis specifically targets emerging opportunities across highly technical sectors, including spectrum dominance, synthetic biology, general-purpose central processing units, and artificial intelligence-native systems. Operating as a traditional venture capital fund, the organization leverages its cross-border network to identify proprietary deal flow and support portfolio companies in scaling their complex operations. The firm functions with a solo general partner structure to deploy capital into specialized markets that require significant domain expertise and strategic partnerships. 202 Ventures was founded by Zeke Fraint, who currently manages the firm's investment strategy and operations.
Key people at 202 Ventures.
Zeke Fraint is the founder of 202 Ventures, which was established in 2025.
The firm actively hosts and participates in events that bring together defense tech investors and key players in defense innovation to foster collaboration and accelerate advancements.
Zeke Fraint is the founder of 202 Ventures, which was established in 2025.
The firm actively hosts and participates in events that bring together defense tech investors and key players in defense innovation to foster collaboration and accelerate advancements.
Key people at 202 Ventures.
202 Ventures has 2 tracked investments across 1 company. The latest tracked deal is $135.0M Seed in Tenna Systems in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 11, 2026 | Tenna Systems | $135.0M Seed | Costanoa Ventures | Fresh Fund, Viola Ventures |
| Feb 8, 2026 | Tenna Systems | $13.5M Seed | Costanoa Ventures | 1948 Ventures, Adam Kaplan, Aviad Aviad Grinfeld, BNF Industries, Caveret, David Chinn, Fresh.fund, Jumpspeed Ventures, Noam Ohana, Rotem Kakon, Sosa, Titan Ventures, TOM Hennessey, Viola Ventures, Zeke Fraint |
202 Ventures is a venture capital firm established in 2025 and headquartered in Chicago, Illinois. The firm specializes in early-stage investments, focusing on frontier, deep, and defense technologies. Its strategic focus aims to identify and support innovative companies operating in critical technological sectors.
The firm's investment thesis centers on pre-seed and early-stage opportunities within the United States and Israel. 202 Ventures employs a hands-on approach, leveraging its extensive network, established trust, and specialized expertise to nurture the growth of its portfolio companies. This dual geographic focus allows it to tap into diverse innovation hubs.
Beyond capital provision, 202 Ventures actively contributes to the defense innovation ecosystem. The firm has hosted and participated in exclusive events designed to convene power players in defense innovation, global defense tech investors, and other stakeholders. This engagement underscores its commitment to fostering collaboration and accelerating advancements in defense technology.
Founded by Zeke Fraint, 202 Ventures has begun building its investment portfolio. An example of its investment activity includes participation in the funding rounds of companies such as Tenna Systems. These investments reflect the firm's dedication to backing promising ventures that align with its core technological and strategic interests.
Overall, 202 Ventures positions itself as a key investor in the evolving landscape of deep and defense technology. By concentrating on early-stage companies with significant potential, the firm seeks to drive innovation and support the development of technologies that address complex challenges across various industries and national security needs.
