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.
Germany, the UK, and France dominate investments, having captured 87% of the total funding. Specifically, the three countries have raised $2.2bn between them since 2018.
As we face war on European soil for the first time in decades, the urgency to strengthen our security and build a modern defence software stack has never been greater, said Jeannette zu Fürstenberg, managing director and head of Europe at VC firm General Catalyst.
VC investment in Europe's defence tech startups is outpacing the growth of investments across the wider NATO group by 25%, the report found.
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