Investors confront top of European defence start-up ‘hype cycle’
Concern mounts that not all newcomers to the sector since Russia’s full-scale invasion of Ukraine will survive
Concern mounts that not all newcomers to the sector since Russia’s full-scale invasion of Ukraine will survive

Russia’s war in Ukraine and fears over US security relationship drive wave of VC funding

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

But more optimistic investors continue to bank on the cavalry arriving if things get really dicey

Valuations soar as venture capital flows to groups tied to continent’s security and economic sovereignty

European leaders question the viability of Ursula von der Leyen’s initiative

Revolut backer Balderton Capital says continent needs to accelerate development of space and defence industry