Analysis

March 19, 2025

Helsing’s largest shareholders — who owns what in the German defence tech?

The German AI defence startup has a €5bn valuation. Here’s who could win big


Anne Sraders

4 min read

Helsing's HX-2 drone. Courtesy of Helsing

Defence tech has been thrust into the spotlight in recent weeks as the US signals a pullback of support in Europe, and the EU aims to ramp up its defence spending. And one of the biggest — and best-funded — defence startups on the continent, Germany-based Helsing, has attracted big European and US investors over the years.

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Anne Sraders

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

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