Venture funding for European deep-tech defence, security and resilience companies has increased five-fold in six years, a new report shows
photo credits: ForgeStar
Venture capital funding in European deep-tech defence, security and resilience companies increased almost five times over in the past six years, to reach a record $5.2 billion in 2024, according to a new report by Dealroom and the NATO Innovation Fund (NIF).
While the overall venture capital market declined by 45% in the last two years, the defence, security and resilience sector bucked the trend, registering a 30% rise.
The report includes a broad range of investments, including in energy security, the protection of critical infrastructure, supply chain resilience and health crisis preparedness. However, most of the growth comes from start-ups addressing defence challenges.
For instance, funding for companies offering awareness, understanding and decision-making systems practically doubled last year to $1 billion, with strong interest in innovations such as drones, satellite…
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