VC investment in European defence tech to hit record $1B in 2024, report finds

Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. 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. “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…

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