欧洲的防务、安全与韧性——2026年

The state of startups andventure capital - 2026 February 2026 Leading€1B+fundinvestinginDeepTechforDefence, Security, Resilience. Global startup & venture capital intelligence platform. Dealroom.co is a global intelligence platform for discovering and tracking themost promising companies, technologies and ecosystems. Clients includemany of the worldʼs foremost organizations such as Sequoia, Accel, IndexVentures, NATO Innovation Fund, NATO Diana, European Defence Fund, ESA, A standalone venture capital fund backed by 24 NATO allies deploying €1+billion in deep tech. The NATO Innovation Fund empowers founders to addresschallenges inDefence, Security, and Resilience, and secure the future of the Dealroom partners closely with local tech ecosystem development agenciesand enablers, to create a comprehensive multi-dimensional blueprint of thetech ecosystem, including capital, talent, innovation, entrepreneurship and Key focus areas The NATO Innovation Fund invests in emerging disruptive technology areasincludingartificial intelligence(AI),autonomy,quantum,biotechnology,hypersonic systems, space, novel materials and manufacturing, energy and Key Takeaways Revenue, exits andcollaborations Overall market trends Regional trends Thematic trends ●The UK and Germany lead in DSRinvesting with Finland, Spain, Norwayand Bulgaria on the rise.●The UK attracted the most VC fundingin 2025 with $2.9B.Germany is closingthe gap with $2.1B.●Finland notably ranked 4th by DSRfunding in 2025and lead among theNordics with $636M raised.●Germany and the Netherlands havethe highest share of VC funding goingto DSRin 2025 at over 15% each.●Central and Eastern Europe showedthe fastest growth in deal velocity,with a 2.7x increase since 2020 led byBulgariaʼs EnduroSat space technology ●Security of critical technologies sawstrongest growth across all stageswhile defence challenge areas also grewstrongly at early and late stage.●Energy security and resilience sawnegative growth across all stages●AIunderpinned 44% of DSR funding in2025, the highest share in the last 6years.●VC funding in the sub-area ofAwareness, Understanding andDecision Makingreached a record ●Venture Capital (VC) funding inEuropean Deep Tech Defence, Securityand Resilience (DSR) is at an all timehighreaching $8.7B in 2025.●Funding is up 55% from last year,nearly 4 times higher than 5 years ago.●43% of all European Deep Tech VCfunding went into DSR in 2025. Thisrepresented 13% of all VC funding, up 3xin the last 3 years.●Late-stage mega-funding is drivingthis growthby tripling from last year to$4.7B driven by mega rounds in AI & ●Data shows early signs that startups areaccessing capital, generating revenueand fostering partnerships as thesectorʼs growth cements Europeʼstechnological sovereignty●Increasing evidence DSR startups arebuildingstrategic and financialpartnerships with defence primeswhilst also winning public tenders●While VC financing is predominant The European Deep Tech Defence, Security and Resilience landscape in a snapshot $8.7B +55%Growth in VC funding year-over-year 13% Share of total VC in Europe going toDefence, Security and Resilience startups In VC funding raised by European Defence,Security and Resilience startups in 2025. …while the overall VC market grew by only 16%.4x growth for DSR in the last five years. Munich UK 43% Top hub in Europe with $1.7B in VC fundingin 2025. Of all European Deep Tech funding in 2025went to Defence, Security and Resilience Attracted the most funding towards thesector since 2020. Germany and France complete the podium. 43% was raised by Helsing. London and Cambridgefollow with a combined $2.4B. $2.4BVC funding in Security of criticaltechnologies startups in 2025, driven byQuantum and AI chips. 940+ 7.4x Investors were active in at least one DSRdeal in Europe in 2025.Of this sample we also curated 100+particularly notable DSR investors. Growth since 2020 in VC funding towardsAwareness, Understanding and DecisionMaking with a record $1.8B in 2025. This report focuseson Deep Tech forDefence, Securityand Resilience,addressing six major “Across Europe, DSR continues to scale rapidly,with business growth evident across marketsand substantial venture capital deployed With proven revenue streams and clear trajectories for continuedgrowth, the opportunity is now for the remainder of capitalproviders - from banks to private equity - to step in and support the 300+ selected Deep Tech Defence, Security andResilience startups in Europe » Explore the landscape 1Overall market trends 2Regional trends3Revenue, exits and collaborations4Thematic Trends VC funding inEuropean DeepTech Defence,Security andResilience is atan all time high, Venture Capital investment in European Deep Tech Defence, Securityand Resilience startups» view online ▊$0–1m (pre-seed)▊$1–4m (seed)▊$4–15m (series A)▊$15–40m (series B)▊$40–100m (series C)▊$100–250m(mega rounds)▊$250m+ (mega+) Funding is up 55% since lastyear and