USAA has made an anchor commitment to the military graduate investment network’s first fund, which is targeting $50m for its final close.

Insurance and financial services provider USAA has supplied a $2.5m anchor investment for US-based Academy Investor Network (AIN)’s debut fund, which has a $50m target, TechCrunch has reported. AIN is an investment network of graduates from military academies. It will primarily invest in veteran-led startups operating across a variety of sectors, but also civilian-led companies…

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