Market map · Europe
Defence tech market map: Europe
54 defence tech startups in Europe that have raised money in rounds we track, placed in 4 segments by what each says it does. Together they have raised $14B; the biggest segment is space and satellites, with 19 companies.
Funding by segment
- Space and satellites$4.3B19
- Drones and autonomous systems$4.0B18
- Intelligence and decision AI$5.5B13
- Counter-drone$84M4
Where they are based
- United Kingdom19$3.2B
- Germany8$6.6B
- Finland4$3.2B
- France3$273M
- Netherlands3$357M
- Estonia2$37M
- Ukraine2$17M
- Poland2$13M
- Lithuania2$4.5M
- Sweden2$6.2M
United Kingdom
Germany
Finland
France
Netherlands
Estonia
Ukraine
Poland
Lithuania
SwedenFounded
8 without a founding year on record.
Total raised
- Under $1M5
- $1M to $10M17
- $10M to $50M13
- $50M to $250M10
- $250M to $1B5
- $1B and over4
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
44 of 54 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United Kingdom19
- Germany8
- Finland4
- France3
- Netherlands3
- Estonia2
- Ukraine2
- Poland2
- Lithuania2
- Sweden2
- Spain1
- Switzerland1
Spain
SwitzerlandStartups by country, 17 countries in all.
Segment by segment
Space and satellites
19 startups · $4.3B raised
ICEYEICEYE is a Finnish technology company specializing in Synthetic Aperture Radar (SAR) satellite imaging.Finland$3.0B
Isar AerospaceIsar Aerospace is a prominent German aerospace company and launch service provider based in Ottobrunn, near Munich.Germany$487M
SHIELD SPACESHIELD SPACE is a UK defence technology company located in Lincoln, England.United Kingdom$191M
HypersonicaHypersonica is an Anglo-German defense and aerospace company founded in late 2023, focused on developing next-generation hypersoniGermany$140M
EOS-X SpaceEOS-X Space is a European aerospace company founded in 2019, specializing in zero-emission space tourism.Spain$120M
ALL.SPACEALL.SPACE has developed the 5th generation smart terminal, capable of linking with all satellites, all networks, in all orbits, all at once.United Kingdom$102M
Space ForgeSpace Forge make super materials in space that cannot be made on earth.United Kingdom$74M
Frankenburg TechnologiesFrankenburg Technologies is a European defense technology startup based in Tallinn, Estonia, founded in 2024 by Taavi Madiberk andEstonia$35M
Drones and autonomous systems
18 startups · $4.0B raised
Quantum SystemsQuantum Systems GmbH is a German technology company based in Gilching, near Munich.Germany$1.6B
UFORCEUFORCE is a Ukrainian defense technology company focused on developing and manufacturing advanced military technologies, particulaUnited Kingdom$1.4B
Cambridge AerospaceCambridge Aerospace is a UK-based defense technology startup founded in September 2024.United Kingdom$400M
Harmattan AIHarmattan AI is a French defense technology company founded in 2024 and based in Paris.France$200M- KTKraken TechnologyUnited Kingdom$178M
TYTAN TechnologiesTYTAN Technologies is a Munich-based defense technology startup founded in 2023.Germany$35M
Beyond VisionBeyond Vision is a UAV Company that developed beXStream, a cloud asset management platform.Portugal$31M
KelluuKelluu is a Finnish deep-tech company founded in 2018, based in Reijola, North Karelia.Finland$18M
PortugalIntelligence and decision AI
13 startups · $5.5B raised
HelsingHelsing is a German defense technology company based in Munich, founded in 2021.Germany$3.7B- TTEKEVERUnited Kingdom$654M
STARKStark is a provider of energy data and analytics services.Germany$576M
Onodrim IndustriesOnodrim Industries is a tech company that focuses on mission-critical systems across defence manufacturing, advanced sensing.Netherlands$347M
NestAINestAI is a rapidly growing European physical AI lab that builds next-generation AI technologies.Finland$115M
IsembardIsembard is a British software-first manufacturing company founded in 2024.United Kingdom$59M
WhitespacewhiteSpace is an engineering-centric firm that provides software solutions.United Kingdom$13M- OOsavulAI-based software to protect from information threatsLuxembourg$13M
LuxembourgCounter-drone
4 startups · $84M raised
Alta AresAlta Ares is a French defense technology company founded in 2024, specializing in AI-powered air-defense, counter-UAS, and ISTAR/IFrance$60M
Alpine EagleAlpine Eagle is a European defense technology startup founded in 2023, based in Munich, Germany, with additional teams in London aGermany$11M
Quantum CyberQuantum Cyber develops autonomous defense systems, counter-drone technologies, and AI-enabled security platforms.Netherlands$8.0M
Nordic Air DefenceNordic Air Defence (NAD) is a Swedish defense technology startup based in Stockholm, founded in 2023.Sweden$5.6M
How this map is made. Every startup here has raised money in rounds we track, and is based in Europe. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in defence tech, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
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