European defense tech startup Helsing, backed by Spotify founder Daniel Ek, is reportedly raising $1.2 billion at an $18 billion valuation, marking a significant increase from its previous $14 billion valuation in 2025. The funding round is being led by Dragoneer and co-led by existing investor Lightspeed. This development highlights the growing investor interest in European defense technology companies, particularly in the context of the Russia-Ukraine war, which has served as a proving ground for new military technologies.
Background
Helsing is a European defense technology company specializing in military drones and autonomous systems. The company has seen rapid growth and valuation increases amid heightened global security concerns and increased defense spending, particularly in Europe following Russia's invasion of Ukraine.
- Source
- TechCrunch
- Published
- May 12, 2026 at 01:38 AM
- Score
- 7.0 / 10