Leonid Capital Partners is a private investment firm offering non-dilutive financing solutions to companies in aerospace, defense and government innovation. Since its launch by Chris Lay and James Parker, the firm provides term loans, revolving lines of credit and acquisition financing to businesses at every stage of growth. With headquarters in Huntington Beach, California, and an office in Washington, D.C., Leonid supports ventures that hold or pursue contracts with the U.S. Department of Defense and other federal agencies.
The firm focuses on scaling technology ventures that serve public-sector and dual-use applications without requiring equity. Its target sectors include aerospace manufacturers, defense contractors, cybersecurity firms, energy developers and health technology providers. Leonid’s approach emphasizes speed and flexibility, helping companies bridge funding gaps, expand operations and bring critical solutions to market.
Alongside its core work, Leonid has backed several clean technology and battery enterprises. In 2024, it provided a $13 million term loan for Aclima’s air quality monitoring hardware and software, and a $12 million revolving credit line to Zeno Power for radioisotope power systems used in remote and space missions. A $10 million debt investment in Ion Storage Systems supports scale-up of solid-state batteries that offer safer, high-density energy storage, while a $50 million commitment to EVerged advances electric vehicle charging infrastructure across multiple regions.
Recent financing from Victory Park Capital and active dealmaking have helped Leonid-backed companies secure nearly $3 billion in government revenue, with many doubling their sales during the investment period. By collaborating directly with founders, Leonid delivers capital solutions that align with government funding cycles and technical milestones, fueling projects that support national security and growth objectives.
