European VC breaks taboo by investing in pure defense tech from Ukraines war zones | TechCrunch

Image for article European VC breaks taboo by investing in pure defense tech from Ukraines war zones | TechCrunch
News Source : TechCrunch

News Summary

  • Defense tech has gone from a no-go zone for VCs to a hot investment sector.
  • Estonian VC firm Darkstar breaks from this trend by investing in purely military applications.
  • It has already made two investments: in Ukrainian-Estonian startups Farsight Vision, and Deftak, which develops ammunition for drones.
  • Darkstar just completed a first close of €15 million (approximately $17.5 million) backed by European entrepreneurs, family offices, and Estonian state-backed LP SmartCap.
Defense tech has gone from a nogo zone for VCs to a hot investment sector. However, dual use meaning that the technology must also have civilian applications is still a requirement for most of them, [+7817 chars]

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