VC investment in European defence tech to hit record $1B in 2024, report finds

Quick Summary:

Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn.

According to a new Dealroom report, Europe is now at the heart of an investment surge, as governments turn to the defence tech sector to strengthen national security in response to escalating geopolitical instability.

Munich has attracted most of the capital among all European cities, partly thanks to Helsing’s $487mn fundraise in 2024.

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Article Details

Author / Journalist: Ioanna Lykiardopoulou

Category: Technology

Markets: NetherlandsFranceGermanySwitzerland

Topics: Startups and technology Deep tech Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 23:01:27 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22712379

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About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 1 days ago

Coverage Areas: Netherlands

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