American Ventures

Overview

Investment platform managed by an entity in which Dominari Holdings reported a 90% membership interest; a series invested approximately $31.3 million in XWELL in February 2026.

Named counterparty to an SEC-disclosed financing preceding federal disease-screening awards to an XWELL subsidiary.

Organization and ownership

American Ventures is a private investment platform. A 2026 SEC-filed statement says American Ventures Management LLC manages it and Dominari owns 90% of that manager. Its individual investment series and the public parent should not be collapsed into one legal entity.

XWELL private placement

On February 24, 2026, XWELL announced an approximately $31.3 million securities placement with a series of American Ventures. The transaction provided convertible preferred shares and warrants; it was not a government grant to American Ventures.

Other investments and evidence limits

ProPublica reports American Ventures-backed Powerus subsequently received an Air Force contract worth up to $90 million. Exact equity interests, ultimate profits and government payments require additional primary records. A spokesperson described the Trump sons as passive minority investors with no procurement involvement.

Documented relationships

• Dominari Holdings

  Holds a reported 90% membership interest in American Ventures Management LLC, the venture platform's manager; distinct legal entities · 2026 · Evidence (documented)

• XWELL

  A series invested approximately $31.3 million through a preferred-stock and warrant private placement announced February 24 · 2026 · Evidence (documented)

• Powerus

  Reported investment relationship involving Florida drone company · 2026 · Evidence (reported)

A documented investment, family relationship or federal award does not establish undue influence or illegal conduct. Reported award ceilings are not the same as money paid.

Focused relationship map

View the full interactive relationship map

Related entries

• Dominari Holdings
• XWELL
• Powerus
• Donald Trump Jr.
• Eric Trump

Sources

1. XWELL SEC release — February 24, 2026 private placement
2. SEC-filed corporate statement — investment management ownership
3. ProPublica — related investments and awards

Source status: SEC filings and organizational records establish the transactions and affiliations described; ProPublica independently reports the federal awards and attributed responses. Where original award files have not been obtained, claims remain attributed.