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The man who backed Spotify and Revolut is now betting on European defence, and BAE Systems just gave him €25M to do it — TFN
Klaus Hommels, the VC who backed Spotify and Revolut, is now betting on European defence. BAE Systems has invested €25 million in his firm Lakestar and Poland-based Expeditions to support early-stage defence-tech startups.
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sifted.eu
UK defence prime BAE Systems invests €50m in VCs Lakestar, Expeditions
It comes as the defence prime is more actively investing in defence startups via an incubator programme
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tech.eu
BAE Systems launches €50M push to help European defence startups scale
Backing funds managed by Lakestar and Expeditions, the initiative seeks to help founders bring advanced defence technologies to market faster as Europe strengthens its security…
