INVICTUS STRATEGIES LLC
$14.10M
2025-2026 cycle
INVICTUS STRATEGIES LLC is a strategy & research vendor. In the 2025-2026 cycle INVICTUS STRATEGIES LLC was paid $14.10M across 21 client committees, of which $11.32M flowed through Independent Expenditures rather than direct committee payments.
Part I Identity
Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.
Source split
$14.10M
=
$2.79M
(Schedule B)
+
$11.32M
(Independent Expenditures)
| Schedule B direct committee payments |
$2,786,895 | 163 rows | 19.8% |
| Independent Expenditures money this entity spent supporting candidates, NOT a committee paying them |
$11,315,102 | 37 rows | 80.2% |
- Activity span ALL TIME
- Feb 2, 2017 → Jun 16, 2026
- spans 9.4 years
- Disbursements ALL TIME
- 163
- Schedule B + IE rows
- Client committees ALL TIME
- 21
- distinct payers
Part II Activity in selected window
One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.
Spend trajectory
Monthly spend to this vendor over the last 12 months.
Jul 2025
Jun 2026
$80K
across 12 months
Top buyers
Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.
No buyer activity in this window.
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 3 months · top 1
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| DUNN, HARRY MD · House DEM |
$5,000 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 6 months · top 3
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| DUNN, HARRY MD · House DEM |
$25,000 | 3 |
| KELLMAN FOR LIEUTENANT GOVERNOR 2026; JANELLE 1461592 |
$3,500 | 1 |
| MADISON PROJECT INC. C00298000 |
$1,800 | 3 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 6
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| UNRIGGED PAC C00912642 |
$31,243 | 5 |
| DUNN, HARRY MD · House DEM |
$25,000 | 3 |
| KELLMAN FOR LIEUTENANT GOVERNOR 2026; JANELLE 1461592 |
$18,000 | 3 |
| MADISON PROJECT INC. C00298000 |
$2,400 | 4 |
| OUTRAGE THEN ACTION 00086804 |
$1,553 | 1 |
| OUTRAGE THEN ACTION C00831974 |
$1,553 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 18 months · top 6
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| UNRIGGED PAC C00912642 |
$31,243 | 5 |
| DUNN, HARRY MD · House DEM |
$25,000 | 3 |
| KELLMAN FOR LIEUTENANT GOVERNOR 2026; JANELLE 1461592 |
$18,000 | 3 |
| MADISON PROJECT INC. C00298000 |
$2,400 | 4 |
| OUTRAGE THEN ACTION 00086804 |
$1,553 | 1 |
| OUTRAGE THEN ACTION C00831974 |
$1,553 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 8
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| OUR AMERICAN CENTURY C00532630 |
$543,000 IE $473,000 · SB $70,000 |
6 |
| UNRIGGED PAC C00912642 |
$31,243 | 5 |
| DUNN, HARRY MD · House DEM |
$25,000 | 3 |
| KELLMAN FOR LIEUTENANT GOVERNOR 2026; JANELLE 1461592 |
$18,000 | 3 |
| MADISON PROJECT INC. C00298000 |
$14,400 | 8 |
| LATURNER, JAKE KS · House REP |
$2,000 | 2 |
| OUTRAGE THEN ACTION C00831974 |
$1,553 | 1 |
| OUTRAGE THEN ACTION 00086804 |
$1,553 | 1 |
By party
Revenue by party
D · 18%
R · 82%
| Party | Amount | % |
|---|---|---|
| Democratic | $2,366,687 | 16.78% |
| Republican | $11,029,187 | 78.21% |
| Non-partisan | $706,123 | 5.01% |
Part III Reference tables
Full all-time and cycle-to-date data.
Money flow through this vendor
Where their ad buys point
IE payers (left) → races the buys targeted (right) · independent-expenditure filings onlyNo activity in the last 1 months.
No activity in the last 3 months.
No activity in the last 6 months.
No activity in the last 12 months.
No activity in the last 18 months.
Cycle-over-cycle trajectory
current cycle earlier election cycle off-cycle year quarterly · 9 years
Per-quarter totals
| Year | Q | Cycle | Total | Txns | Top buyer · share | Top category · share | Cum. (cycle) | YoY % |
|---|---|---|---|---|---|---|---|---|
| 2017 | Q1 | 2018 | $12K | 3 | BERA, AMERISH 100% | Other / Unclassified 100% | $12K | — |
| 2017 | Q2 | 2018 | $28K | 7 | FRIENDS OF RD 42% | Other / Unclassified 45% | $40K | — |
| 2017 | Q3 | 2018 | $137K | 21 | REPUBLICAN NATIONAL COMMITT… 49% | Strategy & Research 58% | $177K | — |
| 2017 | Q4 | 2018 | $113K | 22 | REPUBLICAN NATIONAL COMMITT… 27% | Fundraising 50% | $289K | — |
| 2018 | Q1 | 2018 | $24K | 6 | SEARCY FOR CONGRESS 17% | Fundraising 67% | $313K | — |
| 2020 | Q2 | 2020 | $4K | 3 | LATURNER, JAKE 100% | Strategy & Research 100% | $4K | — |
| 2020 | Q3 | 2020 | $19K | 8 | LATURNER, JAKE 74% | Strategy & Research 74% | $23K | — |
| 2020 | Q4 | 2020 | $18K | 10 | LATURNER, JAKE 86% | Strategy & Research 86% | $41K | — |
| 2021 | Q2 | 2022 | $324K | 2 | OUR AMERICAN CENTURY 100% | Strategy & Research 100% | $324K | — |
| 2021 | Q3 | 2022 | $942 | 3 | LATURNER, JAKE 100% | Strategy & Research 100% | $325K | — |
| 2021 | Q4 | 2022 | $1K | 3 | LATURNER, JAKE 100% | Strategy & Research 100% | $326K | — |
| 2022 | Q1 | 2022 | $26K | 3 | SAVING ARIZONA PAC 100% | Strategy & Research 100% | $351K | — |
| 2022 | Q2 | 2022 | $27K | 6 | SAVING ARIZONA PAC 96% | Strategy & Research 100% | $379K | +554% |
| 2022 | Q3 | 2022 | $28K | 5 | SAVING ARIZONA PAC 97% | Strategy & Research 100% | $406K | +46% |
| 2022 | Q4 | 2022 | $1.21M | 3 | OUR AMERICAN CENTURY 93% | Strategy & Research 100% | $1.62M | +6758% |
| 2023 | Q1 | 2024 | $11K | 6 | MADISON PROJECT INC. 80% | Strategy & Research 100% | $11K | — |
| 2023 | Q2 | 2024 | $10K | 5 | MADISON PROJECT INC. 93% | Strategy & Research 100% | $21K | -97% |
| 2023 | Q3 | 2024 | $10K | 7 | MADISON PROJECT INC. 91% | Strategy & Research 100% | $31K | +944% |
| 2023 | Q4 | 2024 | $9K | 5 | MADISON PROJECT INC. 98% | Strategy & Research 100% | $40K | +705% |
| 2024 | Q1 | 2024 | $10K | 4 | MADISON PROJECT INC. 95% | Strategy & Research 100% | $49K | -63% |
| 2024 | Q2 | 2024 | $603K | 5 | BURNS, MARK 99% | Strategy & Research 100% | $653K | +2110% |
| 2024 | Q3 | 2024 | $4K | 2 | MADISON PROJECT INC. 75% | Strategy & Research 100% | $657K | -86% |
| 2024 | Q4 | 2024 | $80K | 5 | OUR AMERICAN CENTURY 88% | Strategy & Research 100% | $737K | -93% |
| 2025 | Q1 | 2026 | $1K | 1 | LATURNER, JAKE 100% | Software & Tech 100% | $1K | -91% |
| 2025 | Q4 | 2024 | $16K | 3 | KELLMAN FOR LIEUTENANT GOVE… 90% | Other / Unclassified 90% | $753K | — |
| 2025 | Q4 | 2026 | $33K | 6 | UNRIGGED PAC 95% | Fundraising 66% | $34K | +257% |
| 2026 | Q1 | 2026 | $5K | 3 | KELLMAN FOR LIEUTENANT GOVE… 74% | Other / Unclassified 74% | $38K | -51% |
| 2026 | Q2 | 2026 | $26K | 5 | DUNN, HARRY 95% | — | $65K | -96% |
Revenue by service category
No category revenue in this window.
No category revenue in this window.
Per-category breakdown · cycle-to-date
| Category | Total spend | Txns | Avg check | % of total | Top buyer · share | Last paid |
|---|---|---|---|---|---|---|
| Strategy & Research | $1,405,507 | 99 | $14K | 85.6% | BURNS, MARK 43% | 6mo ago |
| Fundraising | $160,105 | 39 | $4K | 9.8% | KIA FOR CONGRESS 20% | 9mo ago |
| Other / Unclassified | $70,500 | 16 | $4K | 4.3% | BERA, AMERISH 68% | 5mo ago |
| Contributions & Transfers | $2,231 | 2 | $1K | 0.1% | UNRIGGED PAC 100% | 9mo ago |
| Travel & Events | $2,138 | 1 | $2K | 0.1% | KIA FOR CONGRESS 100% | 8y ago |
| Software & Tech | $1,000 | 1 | $1K | 0.1% | LATURNER, JAKE 100% | 20mo ago |
Client retention
Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.
1
Anchor clients 3+ cycles
$45,930 · 2% of revenue
3
Repeat clients 2 cycles
$1,592,614 · 57% of revenue
17
One-time clients 1 cycle
$1,148,352 · 41% of revenue
Top 1 anchor clients · all-time
| Client | Cycles | All-time spend | Txns | First paid | Last paid |
|---|---|---|---|---|---|
| LATURNER, JAKE | 4 | $45,930 | 49 | 2020-04-03 | 2025-01-03 |
Geographic concentration
Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.
| State | Total spend | % of revenue | Clients | |
|---|---|---|---|---|
| VA | $1,692,080 | 60.7% | 3 | |
| SC | $600,000 | 21.5% | 1 | |
| CA | $159,638 | 5.7% | 6 | |
| DC | $97,000 | 3.5% | 1 | |
| GA | $62,400 | 2.2% | 1 | |
| KS | $45,930 | 1.6% | 1 | |
| TX | $35,105 | 1.3% | 3 | |
| OH | $31,243 | 1.1% | 1 | |
| MD | $25,000 | 0.9% | 1 | |
| WA | $16,000 | 0.6% | 1 | |
| NC | $12,000 | 0.4% | 1 | |
| IL | $10,500 | 0.4% | 1 |
Notable disbursements
5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.
| Reason | Date | Filer | Category | Purpose | Amount |
|---|---|---|---|---|---|
| Largest all-time | 2022-10-03 | OUR AMERICAN CENTURY | Strategy & Research | MEDIA PROGRAM EXPENDITURE | $1,119,214 |
| Largest all-time | 2021-04-27 | OUR AMERICAN CENTURY | Strategy & Research | MEDIA CONSULTING SERVICES | $323,000 |
| Largest all-time | 2024-06-18 | BURNS, MARK | Strategy & Research | ADVERTISING | $200,000 |
| Largest all-time | 2024-05-03 | BURNS, MARK | Strategy & Research | ADVERTISING | $200,000 |
| Largest all-time | 2024-05-17 | BURNS, MARK | Strategy & Research | ADVERTISING | $200,000 |
| Largest this cycle | 2026-04-06 | DUNN, HARRY | — | FUNDRAISING CONSULTING | $15,000 |
| Largest this cycle | 2025-12-02 | UNRIGGED PAC | Fundraising | FUNDRAISING CONSULTING | $10,000 |
| Largest this cycle | 2025-11-05 | UNRIGGED PAC | Fundraising | FUNDRAISING CONSULTING | $10,000 |
| Largest this cycle | 2025-12-02 | UNRIGGED PAC | Strategy & Research | DATA SERVICES | $9,012 |
| Largest this cycle | 2026-06-16 | DUNN, HARRY | — | FUNDRAISING CONSULTING | $5,000 |
| Recent | 2026-06-03 | DUNN, HARRY | — | FUNDRAISING CONSULTING | $5,000 |
| Recent | 2026-05-07 | MADISON PROJECT INC. | — | PAC STRATEGY CONSULTING | $600 |
| Recent | 2026-04-01 | MADISON PROJECT INC. | — | PAC STRATEGY CONSULTING | $600 |