News

June 17, 2025

Defence unicorn Helsing raises €600m led by Daniel Ek’s Prima Materia

The raise comes as fellow drone makers Quantum Systems and Tekever recently became unicorns

Anne Sraders

2 min read

Munich-based defence startup Helsing has raised €600m in Series D funding led by Spotify cofounder Daniel Ek’s investment firm Prima Materia. The new raise values the startup at €12bn, reported by the Financial Times and confirmed by Sifted, making it among Europe’s most valuable startups and more than doubling its previous valuation.

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the venture capital industry and deeptech startups, including robotics, spacetech and defence tech. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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