Defence tech investment in Europe hit €2.5bn in 2025, more than double the €1.2bn raised in 2024, and the reasons are fairly obvious: Russia’s war in Ukraine has dragged into its fourth year, while fresh conflicts have flared in the Middle East. Geopolitical instability is the new norm, and warfare is evolving fast.

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Ruggero Di Spigna is a Senior Insights & Product Associate at Sifted. Find him on LinkedIn

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