TFX Capital

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Overview

TFX Capital is a venture capital firm headquartered in Fort Mill, South Carolina, that invests in early-stage B2B technology startups addressing national security and healthcare challenges, with a focus on companies led by former military or national security personnel.¹²⁴ It manages a portfolio of 9 companies through seed-stage investments typically ranging from $250,000 to $750,000 at pre-money valuations of $10 million or less, and operates via a Task Force Model including TFX Advisors for incubation support and the Service First Foundation for resources to mission-driven leaders.¹²⁴ The firm has raised multiple funds, including Task Force X Fund III launched in July 2022.⁵

History

TFX Capital was founded in 2015 by Brandon Shelton as a venture capital firm targeting early-stage technology investments.¹⁵ It established a portfolio of companies solving problems in cybersecurity, defense, healthcare, and fintech, with key investments in firms like Tidal Cyber and Marani Health.¹ The firm raised Task Force X Fund II closing in May 2018 and Task Force X Fund III opened in July 2022, while launching complementary initiatives like TFX Advisors and Service First Foundation to support service-driven entrepreneurs.²⁴⁵

Product Lines

Product Line	Positioning	Price Range
Task Force X Fund III (Seed-Stage VC Fund)	Early-stage B2B tech investments in national security and healthcare	$250,000 - $750,000
Task Force X Fund II (Closed Seed Fund)	Seed investments in defense and cybersecurity startups	$250,000 - $750,000

Notable Products

Marani Health - Maternal/fetal care platform using wearable sensors and AI for clinical outcomes in pregnancy.
Movi Healthcare - Medical transportation software for non-emergency needs.
ProctorFree - Online proctoring solution for education and corporate use.
Tidal Cyber - Threat-informed defense platform for cyber defense optimization.
SkyFi - Earth observation technology providing geospatial data and analytics.
Apeiron Labs - Digital transformation of ocean data collection and analysis.

Reputation

TFX Capital is recognized among venture capital professionals for its niche focus on supporting veteran-led startups in national security and healthcare, leveraging a structured Task Force Model to provide operational support beyond capital.¹²⁴ Enthusiasts in the defense tech sector value its disciplined investment approach and portfolio successes in B2B technology.¹⁵ Limited public data on fund performance or exits may constrain broader industry perceptions.⁵

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