# Defence Tech investors in the Baltics (2026 list)

> 20 defence Tech investors in the Baltics, 95% active in the last 12 months. Led by Plug and Play, Newfund Capital, Better Angle. Ranked by what they funded.

Source: https://millionrounds.com/lists/defensetech-investors-in-baltics (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Defence Tech investors in the Baltics

Updated 7 November 2026

Firms observed backing a defence Tech company in the Baltics in the last two years, wherever the firm is based.

[See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdefensetech-investors-in-baltics)The top 20

**20** investors on the list No change this week

**250** cheques in 12 months *-25%* against the market

**$2.2M** median round they joined *-73%* against the market median

**95%** wrote a cheque in 12 months

**35%** have led a round

## The Top 20

Ordered by cheques observed, never by anything anyone paid for

Deploying now (19)

- 1 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 2 [Newfund Capital](https://millionrounds.com/fund/newfund) *Deploying now* VC firm · France **144** **$3.4M** median round **Sept 2026** last seen
- 3 [Better Angle](https://millionrounds.com/fund/better-angle) *Deploying now* VC firm · France **54** **$3.5M** median round **Oct 2026** last seen
- 4 [Coinvest Capital](https://millionrounds.com/fund/coinvest-capital) *Deploying now* VC firm · Lithuania **44** **$1.3M** median round **Oct 2026** last seen
- 5 [Plural](https://millionrounds.com/fund/plural) *Deploying now* VC firm · United Kingdom **27** **$43M** median round **Nov 2026** last seen
- 6 [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) *Deploying now* VC firm · Netherlands **16** **$17M** median round **Sept 2026** last seen
- 7 [NGL Ventures](https://millionrounds.com/fund/ngl-ventures) *Deploying now* Angel network · Lithuania **7** **$2.2M** median round **Oct 2026** last seen
- 8 [SmartCap](https://millionrounds.com/fund/smartcap) *Deploying now* VC firm · Estonia **7** **$105M** median round **Aug 2026** last seen
- 9 [Iron Wolf Capital](https://millionrounds.com/fund/iron-wolf-capital) *Deploying now* VC firm · United Kingdom **6** **$2.7M** median round **Oct 2026** last seen
- 10 [Plug and Play Ventures](https://millionrounds.com/fund/plug-and-play-ventures) *Deploying now* VC firm · United Kingdom **6** **$1.8M** median round **Oct 2026** last seen
- 11 [Angel One](https://millionrounds.com/fund/angel-one) *Deploying now* Angel network · Ukraine **5** **$2.1M** median round **Sept 2026** last seen
- 12 [LitBAN (Lithuanian Business Angels Network)](https://millionrounds.com/fund/litban-lithuanian-business-angels-network) *Deploying now* VC firm · Lithuania **4** **$2M** median round **Oct 2026** last seen
- 13 [Defence Builder](https://millionrounds.com/fund/defence-builder) *Deploying now* Accelerator **1** **$2.1M** median round **Sept 2026** last seen
- 14 [Network VC](https://millionrounds.com/fund/network-vc) *Deploying now* VC firm · United States **1** **$2.1M** median round **Sept 2026** last seen
- 15 [WildField Ventures](https://millionrounds.com/fund/wildfield-ventures) *Deploying now* VC firm **1** **$2.1M** median round **Sept 2026** last seen
- 16 [4C-Next Holding AG](https://millionrounds.com/fund/4c-next-holding-ag) *Deploying now* VC firm **1** **$2.1M** median round **Sept 2026** last seen
- 17 [68 Individual Business Angels](https://millionrounds.com/fund/68-individual-business-angels) *Deploying now* VC firm **1** **$2.2M** median round **Oct 2026** last seen
- 18 [Draganfly](https://millionrounds.com/fund/draganfly) *Deploying now* VC firm **1** **$2.1M** median round **Sept 2026** last seen
- 19 [ILTE](https://millionrounds.com/fund/ilte) quiet Investment firm **1** **$16M** median round **Nov 2024** last seen
- 20 [UAID Fund](https://millionrounds.com/fund/uaid-fund) *Deploying now* VC firm **1** **$2.1M** median round **Sept 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **2** Nov **[Hypersonica](https://millionrounds.com/company/hypersonica)** Series B · $112M *With* [Plural](https://millionrounds.com/fund/plural)
- **29** Oct **[KineDB](https://millionrounds.com/company/kinedb)** Pre-seed · $946K *With* [NGL Ventures](https://millionrounds.com/fund/ngl-ventures)
- **28** Oct **[Viatik](https://millionrounds.com/company/viatik)** Seed · $600K *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **27** Oct **[General Compute](https://millionrounds.com/company/general-compute)** Series A · $100M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)

## Stages This Year

229 rounds

- Seed **28%**
- Series A **23%**
- Venture **17%**
- Pre-seed **11%**
- Other **5%**
- Other **17%**

## What They Backed

Sectors, last 12 months

- AI **111**
- Fintech **19**
- Big Data & Analytics **16**
- Healthcare **14**
- Defence Tech **14**
- Biotech **11**

## Cheques by Quarter

Led Joined

79 Q1 25

100 Q2 25

95 Q3 25

82 Q4 25

68 Q1 26

66 Q2 26

65 Q3 26

21 Q4 26

The last bar is the quarter still running.

## Lists Like This

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- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in government and defence

- The Hour of the Predator Giuliano da Empoli · 2025 3.94 from 5,140 ratings on Goodreads Government and defence About the book A chilling assessment of international politics in our time, from an internationally bestselling author whose work has sparked controversy and debate across the worldBlending the author’s personal insight with startling historical comparisons to the days of Machiavelli and the… On AmazonListen on Audible
- Written Out of History: The Forgotten Founders Who Fought Big Government Mike Lee · 2017 4.05 from 728 ratings on Goodreads Government and defence Company building About the book Senator Mike Lee tells the story of the Founders whose warnings about the dangers of an all-powerful federal government helped shape our Constitution--but are being ignored today. Today, most Americans are familiar only with the "big names" associated with the Founding -… On AmazonListen on Audible
- Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War Raj M. Shah · 2024 3.82 from 1,608 ratings on Goodreads Government and defence Company building Innovation About the book Shortlisted for the 2024 Financial Times Business Book of the Year “An exceedingly important book!”, General David Petraeus, US Army (Ret.), former Director of the CIA “Essential reading for understanding how technology will change the future of warfare.”, Chris Miller, New York… On AmazonListen on Audible
- The Sirens' Call: How Attention Became the World's Most Endangered Resource Christopher L. Hayes · 2025 3.93 from 8,942 ratings on Goodreads Government and defence About the book An Instant #1 New York Times BestsellerFrom the New York Times bestselling author and MSNBC and podcast host, a powerful wide-angle reckoning with how the assault from attention capitalism on our minds and our hearts has reordered our politics and the very fabric of our… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=government).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about defence Tech investors in the Baltics

### Who are the most active defence Tech investors in the Baltics?

By cheques observed, the most active are Plug and Play, Newfund Capital, Better Angle, Coinvest Capital and Plural.

### How many defence Tech investors in the Baltics are there?

20 are on record. 95% made an investment in the last 12 months and 35% have led a round.

### Which stages do defence Tech investors in the Baltics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (36%) and Series A (30%).

### How big are the rounds defence Tech investors in the Baltics join?

The typical (median) round among the leading investors here is $2.2M.

### Which sectors do defence Tech investors in the Baltics back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which defence Tech investors in the Baltics lead the most rounds?

Plural (16 led), NATO Innovation Fund (NIF) (10 led) and Coinvest Capital (5 led).

### Where are defence Tech investors in the Baltics based?

Among the most active, most are based in Lithuania (3), the United Kingdom (3) and the United States (2).

### What have defence Tech investors in the Baltics invested in recently?

Recent rounds include Lazarus AI (Nov 2026, with Plug and Play), Carryt (Nov 2026, with Plug and Play) and Hypersonica (Series B, Nov 2026, with Plural).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)