AVP and Earlybird have launched E2D, a €500mn fund for European defence and dual-use startups, as the US still captures 85% of NATO defence-tech funding.

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.