The war in Ukraine has catalyzed a significant shift in European venture capital, transforming defense technology from a neglected sector to a primary focus of deep tech investment. Dealroom's report, in collaboration with NATO Innovation Fund, highlights a record $5.2 billion raised by DSR startups in 2023, representing a significant uptick in interest and funding, now making up one-third of deep tech VC funding. This evolution broadens the DSR pipeline to include various critical technologies, reflecting an increased appetite for innovation in Europe's defense and resilience strategies.
The war in Ukraine served as a wakeup call for Europe, and defense tech went from a sector that most European VCs didn't touch to one of the top investment areas within deep tech.
Appetite for defense, security, and resilience startup investment is unrecognizable in Europe from just a few years ago, according to Dealroom's report.
Collection
[
|
...
]