Critical Materials Group Raises $10.3M Seed to Modernize US Energetics Production

Critical Materials Group Secures $10.3M Seed Funding

Critical Materials Group (CMG), an Austin, Texas-based defense-manufacturing startup, has raised $10.3 million in seed funding. The round was led by Overmatch Ventures, with participation from Fulcrum Venture Group and Victory Six Advisors. The funding was announced on September 2, 2026.

About Critical Materials Group

Founded in 2025, CMG focuses on modernizing US energetics production—the military-grade explosives used in munitions. The company delivers modular, automation-ready production platforms and integrated techniques designed to add capacity, flexibility, and surge resilience for established energetics manufacturers and defense primes. By addressing single points of failure in the US energetics industrial base, CMG aims to strengthen national security supply chains.

CMG operates as a federally licensed manufacturer and importer of explosive materials, complying with ATF and ITAR requirements. The company is led by CEO and co-founder Kevin Capozzoli.

Funding Details

• Round Type: Seed
• Amount: $10.3 million
• Lead Investor: Overmatch Ventures
• Other Investors: Fulcrum Venture Group, Victory Six Advisors
• Announcement Date: September 2, 2026

Implications

This seed funding will support CMG's mission to enhance the resilience and capacity of the US energetics industrial base. With a focus on modular and automated production, the company is positioned to help meet growing defense demands while mitigating supply chain vulnerabilities.