Earlybird and AVP have launched E2D, a new growth fund focused on defence and dual-use technologies, aiming to provide European startups with the capital and support needed to scale within the region.

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…

BAE Systems is committing €50M to VC funds backing European defence-tech startups, €25M of it into Lakestar- and Expeditions-led funds, as Europe rearms.