In Brief

Posted:

10:38 AM PDT · May 11, 2026

Image Credits:Helsing

- Julie Bort

Daniel Ek-backed defense tech Helsing to raise $1.2B at $18B valuation

Five-year-old European military drone startup Helsing is reportedly close to raising a new $1.2 billion round at about an $18 billion valuation. The round is expected to be led by Dragoneer and co-led by existing Helsing investor Lightspeed, the Financial Times reported.

Helsing last raised just under a year ago, in June 2025, in a deal that was led by billionaire Spotify founder Daniel Ek. That was a €600 million investment at an estimated €12 billion valuation ($14 billion USD). So this new round is a step-up.

While Helsing isn’t the only European unicorn defense tech, it is by far the one that investors deem the most valuable. For instance, German drone maker Quantum Systems raised €180 million in November, which valued it at more than €3 billion. And a year ago, Lisbon-headquartered Tekever raised £400 million at a valuation above £1 billion. Amid Russia’s ongoing war in Ukraine, the proving ground for new technologies, autonomous defense startups have become a hot area for VCs.

Helsing, Dragoneer, and Lightspeed could not be immediately reached for comment.

Topics

drones, Fundraise, Fundraising, helsing, TC

May 27

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