Stark raised €500 million from Sequoia, Founders Fund, and the NATO Innovation Fund, among others, valuing the company at above €3.5 billion.

Berlin drone maker Stark Defence raised €500M from Sequoia and Founders Fund, valuing the two-year-old kamikaze drone startup at more than three billion euros.

The announcement confirms information exclusively reported by Sifted earlier this year.

Stark said more than 80 per cent of the capital raised will be invested directly into R&D and manufacturing.

Zu den Investoren zählen Sequoia, der Nato Innovation Fund und Döpfner Capital. Wie das Berliner Start-up den Großteil der Summe verwenden will und welche Pläne dahinterstehen.

Stark raised €500 million from Sequoia, Founders Fund, and the NATO Innovation Fund, among others, valuing the company at above €3.5 billion.