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 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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