Helsing Raises $1.2B at $18B Valuation
European military drone startup Helsing is close to securing a $1.2 billion funding round at an $18 billion valuation. The round is expected to be led by Dragoneer and co-led by existing Helsing investor Lightspeed.
Details
Helsing last raised funds in June 2025, in a deal led by billionaire Spotify founder Daniel Ek. That investment was €600 million at an estimated €12 billion valuation ($14 billion USD). This new round represents a significant step-up for the company. The funding will be used to further develop Helsing’s autonomous defense technology.
Company Background
Founded five years ago, Helsing specializes in military drone technology. Based in Europe, the company has quickly become one of the most valuable defense tech startups in the region.
Market Context
Amid Russia’s ongoing war in Ukraine, the proving ground for new technologies, autonomous defense startups have become a hot area for VCs. Helsing’s latest funding round highlights the growing interest in advanced defense technology and the role of startups in shaping the future of warfare.
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Source: TechCrunch