Our Team

Operators, Engineers,
& Investors

The Subutai team brings decades of experience across venture capital, advanced manufacturing, defense, and aerospace — combining investment acumen with deep operational expertise.

The Subutai Ventures team

The Subutai Team

Leadership

Built to bridge the gap between capital and production.

Our partners combine investment judgment with hands-on operational experience — ensuring portfolio companies get strategic guidance from people who've built and scaled physical businesses.

Ryan Johnson
Managing Partner

Ryan Johnson

Leads investment strategy, LP relations, and portfolio support. Deep expertise across aerospace, defense, and advanced manufacturing with a focus on integrated hardware-software ventures.

Aaron Martin
CEO, Subutai Manufacturing

Aaron Martin

Leads Subutai's integrated manufacturing operations, overseeing production partnerships with portfolio companies and scaling advanced manufacturing capabilities across aerospace and defense.

Scott Bishop
Partner — Legal & M&A

Scott Bishop

Oversees legal strategy, M&A transactions, and deal structuring. Brings extensive experience in corporate law, acquisitions, and regulatory compliance for defense and technology ventures.

Stephanie Koster
Managing Partner

Stephanie Koster

Manages fund finances, portfolio company financial modeling, and LP reporting. Ensures rigorous financial discipline across both the venture fund and manufacturing operations.

Operator Mindset

We've built and scaled physical businesses. We invest with the perspective of people who've been in the factory and on the production line.

Founder Aligned

Our structure is designed to protect founder equity and compress timelines. We succeed only when our founders succeed.

Strategic Conviction

We invest in sectors undergoing structural transformation — where deep technical moats and operational complexity create durable competitive advantage.

Long-Term Builders

We're building an enduring platform, not chasing cycles. Our manufacturing asset and portfolio grow stronger together over time.

Track record

Strong track record in hard tech

4.6×
MOIC

Hydrosat

Board
Space · Earth Observation

Thermal infrared satellite constellation delivering high-resolution temperature data for agriculture, water management, and climate monitoring at global scale.

SeedInvested At
$108MFunds Raised
Hydrosat

Pixxel Space

Board
Space · Hyperspectral Imaging

Building the world's highest-resolution hyperspectral satellite constellation to provide real-time health monitoring of every square meter on Earth.

SeedInvested At
$95MFunds Raised
Pixxel Space

Loft Orbital

Space · Satellite-as-a-Service

Space infrastructure platform enabling any organization to deploy missions on shared satellites — dramatically reducing cost and time to orbit.

Convert to Series AInvested At
$330MFunds Raised
Loft Orbital

XONA

Board
Space · Precision Navigation

Next-generation satellite navigation delivering high-accuracy, secure positioning services for autonomous systems and critical infrastructure.

Series AInvested At
$150MFunds Raised
XONA

Krucial

Board
Defense · Manufacturing

Advanced manufacturing and engineering services providing production capacity for defense and aerospace programs.

SeedInvested At
Krucial

SCCON

Board
Space · Ground Infrastructure

Leading Brazilian geospatial company providing scalable analytical solutions across agriculture, environment, and public safety.

Acquired ControlInvested At

Diffractions Labs

Board
Defense · Counter-Drone

Next-generation counter-drone technology platform providing scalable, cost-effective detection and neutralization systems for critical infrastructure defense.

Pre-SeedInvested At
Diffractions Labs

BlackBridge

Exited
Earth Observation · Analytics

Operators of the RapidEye satellite constellation, delivering high-cadence multispectral Earth observation data for agriculture, forestry, and environmental monitoring.

FoundedInvested At
Get In Touch

Let’s build together

For Founders

Building hard tech?

If you're building a physical product in defense, space, or advanced manufacturing and need more than just capital — we want to hear from you. Our diligence process is fast, founder-friendly, and focused on technical merit.

Learn More
For Investors

Hard tech, de-risked.

Our Capital + Capacity model generates outsized returns by solving the #1 failure mode in hard tech investing — the production gap. Access differentiated deal flow with built-in operational support.

Investment Thesis