The state-owned fund management company SmartCap's Defense Fund invested 10 million euros in Estonia's first defense technology venture capital fund, Darkstar, which focuses on companies developing military and dual-use technologies whose products have been tested on the Ukrainian battlefield.
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Defence investors in Europe 2025
Many VCs are now turning their attention to defence
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Ukrainian-Estonian startup Deftak raises €600,000 investment from Darkstar
The Ukrainian-Estonian startup Deftak, which develops ammunition for new generation drones, has raised €600,000 from the European defense investment fund Darkstar
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Darkstar is kickstarting a VC fund
DarkStar are the first new 🇪🇺 VC with a clear mandate to invest in real military solutions—because the future of our security depends on it
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