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A billion clam of venture uppercase will be invested into European defense technology in 2024 , a first for the continent , and a five - fold increase since 2018 . The investment do as a result of both increasing geopolitical agitation and the brutal encroachment of Ukraine by Russia .
The data , contain in a newDealroom composition , shows that VC investment into defense - related technical school is outpace any other case of investment funds across the broad spread of NATO fellow member states and its allies by 25 % , totaling $ 3 billion since 2018 .
The mass of the investment in the distance since then has been captured by startup in Germany , the U.K. , and France , which together with account for 87 % , or $ 2.2 billion . German defence tech companies have , alone , raised more in the past six years than those in the Nordics , Netherlands , Switzerland , and the U.K. combine . The news may arrive as a surprisal to some observers , given the caution the German government has exhibited over shipping artillery to Ukraine .
Much of that investment was into companies based out of Munich , which topped the listing of European cities in the write up . But most of that could be assign to the $ 487 million upgrade by “ battleground AI ” startup Helsing in 2024 .
Bristol and the U.K. ’s “ Silicon South West ” — best experience for its defense and outer space industry — gather the next magnanimous amount for defense investiture , stick to by Paris .
Indeed , the U.K. , which has a declamatory demurrer industry , is home to six of the top 10 European cities for defense tech investment in the report — Bristol ( 2nd ) , London ( 4th ) , Reading ( 5th ) , Oxford ( 6th ) , Leeds ( 8th ) , and Cambridge ( 9th ) .
The report also detail how VC investment funds in defense team tech across NATO countries ascend four - fold in the last six years , reaching almost $ 5.9 billion , ask the total upraise by defense inauguration in NATO countries and its allies to $ 18 billion .
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Furthermore , the report counted 370 VC - backed defense tech startups in NATO nation , which have a combine enterprise value of $ 161 billion . And defense technical school comprises 1.8 % of European VC funding , a figure that has tripled since 2022 .
Despite Europe ’s growth , the U.S. stay on the prevalent force in the defence tech sector , with American defense technical school firms attracting 83 % of VC investing .
And even though more than one-half of VC funding for European defense team tech startup come from investors on the continent , this twelvemonth , there was a marked speedup in funding from U.S. investors , who provide 66 % of the working capital for European defence technical school companies .
The State of Defence Investment 2024 : Resilience Builders in NATO & Europe , publish at theResilience Conference , also outlined how three-fold - use technologies , which can be applied for both polite and military purposes , have seen a marked rise in pastime from investor .
Jeannette zu Fürstenberg , managing director and head of Europe at General Catalyst , said in a instruction : “ By leverage the power of AI , we can not only enhance our defense capabilities but also develop twofold - usage technologies with broader program for critical interior substructure . As investors , we are drive by the mission to protect democracies and build up resilient infrastructure . ”
