Investment

Defence VC snags €40M EU commitment for dual-use tech

* Keen Venture Partners secured €40M from the EU-backed European Investment Fund (EIF). * This is EIF’s first equity commitment under its €175M Defence Equity Facility. * The new €125M fund will target defence and dual-use technologies across Europe Amsterdam-based Keen Venture Partners is receiving €40 million from the European Investment Fund

Europe mints two new defence tech unicorns

Two European dual-use drone makers, Quantum Systems and Tekever, have joined the region’s small but growing list of defence tech unicorns as they each surpass a €1 billion valuation

MEPs greenlight €1.5B plan to fund Europe's homegrown defence tech

Members of the European Parliament backed a report today (24th April) calling for a European Defence Industry Programme (EDIP) aimed at enhancing the continent's homegrown defence capabilities.  MEPs agreed that the EDIP, which is to allocate €1.5 billion to defence from 2025 to 2027, will only fund

Defence Secretary to “spend 10% of MOD equipment budget on novel technologies”

Promise follows landmark meeting with VC firms in London