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J.P. Morgan backs Integrate with $6m venture debt facility

The Seattle defence software company also announced a new U.S. Space Force Space Systems Integration Office contract, six months after a $17 million Series A led by FPV Ventures.

Undiluted News Desk1 min readUpdated

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About the deal

Borrower
Integrate
Amount
$6m
Facility
Venture debt
Lender
J.P. Morgan
Sector
Space & Defence
Region
North America
Country
United States
Announced

J.P. Morgan has provided a $6 million debt facility to Integrate through its Innovation Economy business. Integrate said the proceeds will be used to scale its project management platform.

The financing was announced alongside a new contract with the U.S. Space Force Space Systems Integration Office, which acts as the service's integrator across most of the national security space portfolio. The company did not disclose the contract value. Chief Executive and Co-founder John Conafay said the work needs real-time integration across programmes, stakeholders and classification levels, and that "that's what the venture debt from J.P. Morgan is supporting."

Integrate builds project management software for complex defence and government programmes, designed to operate across organisations, security boundaries and classification levels. Conafay, a former U.S. Air Force officer who later worked at ABL, Astranis and Spire, started the company in 2022. Integrate says the platform is deployed on the classified Joint Worldwide Intelligence Communications System and is already used by the Space Force.

The SSIO award follows a five-year, $25 million contract from the Space Force's Mission Manifest Office in June 2025, awarded by Space Systems Command after a Phase II engagement, to support launch operations.

The debt comes after a $17 million Series A in February 2026, led by FPV Ventures with participation from Fuse VC and Rsquared VC. Returning investors included New Vista, Hyperplane and Riot Ventures, and FPV Co-founder and Managing Partner Wesley Chan joined the board. GeekWire reported at the time that the round took Integrate's total funding to $22 million. Integrate was named to the Silicon Valley Defense Group's 2026 NatSec100 list of venture-backed defence companies, compiled with support from J.P. Morgan.

J.P. Morgan's Innovation Economy unit banks founder-led, venture-backed companies, with more than 550 bankers serving over 11,000 innovation clients in more than 50 countries. John China, Co-Head of Innovation Economy, said the bank has a long history of financing aerospace and defence technology and is backing companies that build tools used on national security programmes.

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