Mapping some of the largest defense companies in private markets
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Europe’s defence funds in 2025
More VCs are raising defence-focused funds or allocating money from their existing generalist vehicles to back startups ranging from maritime technology protecting the continent’s waters to autonomous drones and even weapons tech.
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Defense startup fund DarkStar receives first investment from SmartCap
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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