1、The State ofDefence Tech2025Image Credit:Orqa FPV|Show guides!Generic Report measurementsQuarterly report measurements29th September 2025Page/2 Source:Dealroom.coDefinitionsDefence,Security,and Resilience(DSR)Companies that enhance military capability,protect critical infrastructure,and strengthen s

2、ocieties to withstand and recover from crises.Developed together with NATO Innovation Fund(NIF).Defence FirstCore company focus are technologies applied for military use.Defence ApplicationsCompanies working on different segments,one of the main one being defence.Page/3 1 Defense Tech in 20252 Inves

3、tor ecosystem3 Talent analysisPage/3 Show guides!Generic Report measurementsQuarterly report measurementsPage/4 Align top to this lineAlign left side of chartto this linexxAlign top of chart(or legend)to this lineShow guides!Venture Capital investment in European defence and defence application tech

4、 startups view onlineDefence VC funding in Europe has already reached$1.5B in 2025,the most active year everMega rounds,including the$600M funding by Helsing,made up over three quarters of the funding this year$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega roun

5、ds)$250m+(mega+)ProjectedSource:Dealroom.co.*Projected value by year end for VC based on VC investment up until Sep 2025 Generic Report measurementsQuarterly report measurements$1.5BPage/5 Venture Capital investment in NATO defence and defence application tech startups view online$01m(pre-seed)$14m(

6、seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)ProjectedNATO has seen huge growth with$9.1B in VC funding raised in 2025 so far,already 1.4x more than in all of 2024Fuelled by large rounds by Anduril,Saronic and Applied IntuitionSource:Dealroom.co*Projected va