Observed Signal · Nov 9, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 2/5 · Sentiment: Positive
Onodrim Industries raises $300M to boost European defence
European defence and industrial scale-up platform Onodrim Industries has secured $300 million in Series A funding, reaching a valuation of $1.3 billion. The round was led by Lux Capital, with participation from General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions. Onodrim focuses on acquiring controlling stakes in businesses across critical European supply chains, particularly in the defence industry, to modernise manufacturing and expand capabilities. The company uses permanent capital to support long-term growth of portfolio companies. The new funding will fuel acquisitions in aerospace, defence, and industrial manufacturing, with first deals expected in coming months. Onodrim is also expanding its European presence with new offices in Munich and Turin, adding to existing locations in Amsterdam, London, and Vilnius.
Significant funding round in the defence tech space, though not directly related to core adtech/martech. It may interest investors in the broader tech ecosystem.
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Key Takeaways & Evidence Grounding
- Onodrim Industries raised $300 million in a Series A funding round led by Lux Capital.
- The valuation is $1.3 billion, following a $45 million seed round earlier this year.
- Investors include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions.
- Onodrim plans acquisitions in aerospace, defence, and industrial manufacturing sectors.
- The company is opening new offices in Munich and Turin.
Connected Companies & Entities
“Funding round led by Lux Capital.”
“Participating investor in the funding round.”
“Participating investor in the funding round.”
“Participating investor in the funding round.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Onodrim Raises $300M to Acquire European Defense Suppliers
Onodrim Industries, an Amsterdam-based defense technology holding company founded by former Palantir employees, has raised $300 million in a Series A round at a $1.3 billion valuation, making it Europe's largest Series A of 2026. The round was led by Lux Capital, with participation from General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions. The company plans to use the funds to acquire majority stakes in established manufacturers within the defense, aerospace, and industrial supply chains, then digitize their production with Onodrim's engineering teams. This private-equity-like model aims to address supply chain bottlenecks and enable these companies to secure larger defense contracts. Onodrim, which previously raised over $45 million, is opening offices in Munich and Turin, and expects to announce its first acquisitions in the coming months.
Onodrim Secures $300M Series A to Acquire European Defense Firms
Onodrim Industries, a Dutch defense and industrial scale-up platform founded in 2026 by Palantir alumni Aistis Šimaitis, Alexander Blessing, and Christian Garrett, has raised $300 million (€268.01 million) in a Series A round at a $1.3 billion (€1.16 billion) valuation, achieving unicorn status. The round was led by US investor Lux Capital, with participation from General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions. The company plans to use the capital to acquire majority stakes in established European defense, aerospace, and industrial suppliers, focusing on SMEs, and has identified supply chain bottlenecks in drone propulsion, sensing, radar, energetics, and aero-structures as priorities. No acquisitions have been completed yet, but first deals are expected soon. Onodrim is expanding with new offices in Munich and Turin, in addition to its existing bases.
DTCP closes €455M defence fund to scale European strategic tech
DTCP has closed its inaugural defence fund, DTCP Defence Fund I, with €455 million in commitments from European institutional and strategic investors, including Deutsche Telekom, Porsche SE, EIFO, Danica, and SmartCap. The fund is Europe-led and NATO-aligned, targeting early-growth and growth-stage technology companies in AI, autonomous systems, cyber defence, secure communications, and space technologies. It will focus on Series B and later equity rounds, primarily in Europe, while selectively backing companies from NATO member states. Initial investments include Six Robotics and Kraken Technology Group, with a third underway. DTCP is expanding its defence platform with new hires and plans to open a Copenhagen office in 2027 to strengthen ties with Danish and German defence tech ecosystems. The fund addresses the need for more European capital to scale strategic capabilities.
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