Investment in European start-ups working on defence and related technologies jumped 24 per cent in 2024 to $5.2bn, outpacing growth in venture capital for artificial intelligence in the continent over the past two years.
The figures published on Wednesday by the Nato Innovation Fund and research group Dealroom found that investor appetite for companies such as defence software developer Helsing and drone maker Tekever defied the broader downturn in European VC funding last year.
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