Dealroom – The State of Defence Investment, 2024

European venture capital investment in defense and defense application technology startups has increased significantly, with funding expected to reach $1 billion this year, driven by late-stage rounds. The funding is categorized into different stages from pre-seed to mega+ rounds. In Europe and NATO allied countries, defense tech has attracted 1.8% of VC funding, up from 0.4-0.5% in previous years. Among NATO countries, investment in defense and defense application tech has grown four times since 2018, reaching $3.9 billion in 2024. This trend indicates a growing interest and support for innovation in the defense sector, with the potential for further growth in the future. The information is sourced from Dealroom.co.