Zu Furstenberg added that startups have a critical role to play.

Their agility, speed, and deep technical expertise are essential.

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VC investment in European defence tech to hit record $1B in 2024, report finds

Specifically, the three countries have raised $2.2bn between them since 2018.

Munich has attracted most of the capital among all European cities, partly thanks toHelsings $487mn fundraisein 2024.

Bristol and Paris follow as the next major investment hubs.

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Overall, venture capital investment among NATO countries has increased fourfold since 2018.

The alliance is now on track to close 2024 with $5.9bn.

There are now 370 VC-backed startups in NATO countries with a combined enterprise value of $161bn.

Ioanna Lykiardopoulou

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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