RTX Ventures, the corporate venture capital subsidiary of US aerospace and defence technology group RTX, has hired Shalei Holway as head of portfolio development, Axios has reported.
Holway spent nearly three years from August 2021 as a senior adviser at US government agency Small Business Administration’s Office of Investment and Innovation. She helped manage the group’s $42bn Small Business Investment Company funds.
Launched in 2022, RTX Ventures invests in aerospace and defence technology companies for its parent company, which was formerly known as Raytheon Technologies. Areas of focus include cybersecurity, propulsion, autonomation, AI and precision sensing.
In recent months, the unit took part in funding rounds for engineering analytics automation platform Axion Ray, AI-driven sensing technology developer Neural Propulsion Systems and Hadrian, which produces precision machine components.
RTX Ventures is led by CVC veteran Daniel Ateya, who featured the GCV Emerging Leaders rosters in 2021 and 2020 when he was senior manager for 3M Ventures, part of manufacturing conglomerate 3M.
