Nick Blair, the son of former UK prime minister Tony Blair, is looking to raise around $200m for a new defence tech startup, according to reports.
The younger Blair is said to be in talks with investors over funding for London-based Pyra, which is developing technology designed to integrate different defence systems into a single source, the Financial Times reported on Tuesday, citing people familiar with the discussions.
Companies House filings show Blair incorporated Pyra Group in November 2025 and is currently its sole officer. The company has revealed little publicly about its technology, with its website saying only: “Deploying summer 2026 . . . stand by”.
“Pyra was founded to serve the security interests of the UK and its allies,” a company spokesperson told the FT. “In a defining period for global defence, Britain must transform its sovereign industrial base and digital capability.”
It is not Blair’s first defence tech venture. He previously cofounded and chairs Skyral, a UK startup developing modelling and simulation software used by defence organisations. The company raised $20m last year from investors including European VC firm NOIA Capital.
The prospective $200m raise comes amid a flood of investor cash into European defence tech, as governments ramp up military spending and seek to strengthen domestic capabilities. European defence startups raised €2.3bn in funding last year, more than double the 2024 total, according to Sifted data.
Blair’s older brother Euan founded edtech startup Multiverse, which raised $70m in May at a $2.1bn valuation.
