Kensington Capital Partners has acquired the venture capital business of Ottawa-based ONE9, led by JTF2 veteran Glenn Cowan, in a strategic push into National Security technologies. ONE9’s future investment activity will now fall under Kensington, positioning the firm as a market leader in cybersecurity, dual-use, and defense-first tech.
Kensington also took a minority stake in ONE9 Capability Labs, with an option to buy more. Legacy investments remain with the vendors. The two firms previously co-invested in firms like Tomahawk Robotics and Strider Technologies, paving the way for this deeper alliance.
Want to know more? Check out the source code on Business Wire.