AVP and Earlybird have launched E2D, a €500M growth fund focused on European defence and dual-use tech companies. The fund aims to keep capital, talent, and intellectual property in Europe instead of startups relying on US investors.

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.