Observed Signal · Sep 21, 2026 · M&A - Completed · Source: Tech.eu (European Tech & Deals) · Impact: 2/5 · Sentiment: Positive
Final Frontier and Myriad Merge for €100M Defence Tech Fund
Danish defence tech venture capital firms Final Frontier and Myriad have announced a merger to form a combined platform operating under the Final Frontier brand. The new entity targets a €100 million fund (Final Frontier Fund II) focused on pre-seed and seed-stage defence tech startups in the New Nordics and Ukraine, with a first close expected by the end of 2026. The merger combines Myriad's operator network with Final Frontier's defence industry expertise. Final Frontier's first fund closed at €4.5 million in May 2025, while Myriad launched with €2 million in August 2025. The combined portfolio includes 15 companies. This consolidation aims to strengthen early-stage defence tech investment in the region.
Merger of two Nordic defence tech VCs creates a larger platform, but limited direct impact on core AdTech/MarTech.
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Key Takeaways & Evidence Grounding
- Final Frontier and Myriad merge to form a combined platform under the Final Frontier brand.
- The combined platform targets €100 million for Final Frontier Fund II, focusing on pre-seed and seed-stage defence tech startups.
- Final Frontier's first fund closed at €4.5 million in May 2025, supported by former NATO Secretary General Anders Fogh Rasmussen.
- Myriad launched with a €2 million fund in August 2025.
- The combined portfolio includes 15 companies.
- First close of Fund II is expected by the end of 2026.
Ontology Mapping & Concepts
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