2024年国防投资状况——北约和欧洲的韧性建设者

Resilience builders in NATO & Europe 26th Sep 2024 Introduction: Defence and Defence application Key Figures Dual-use tech Any startups developing technologies, products or services with disclosed orclearpotentialapplication in the defence sector. Examples: Defence Core company focus are technologies applied for military use. Examples: Defence applicationsC ompanies working on different segments and one application is defence. Examples: European Defence and Dual-use tech startups Venture Capital investment in European defence and defence application tech 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+)▊Projected VC funding inEuropeanDefence techincreased 5xsince 2020. On track for $1Bthis year. Defence Technow makes 1.8%of VC funding inEurope, up from0.4% in 2022. Similarly, 2.5%across all NATOallies. Defence VC Investment in NATO countries is up 4x since 2019 to $3.9B in 2024 todate. By far most active year ever. Defence/Defence application VC investment▊US▊Canada▊EU 27▊UK▊Rest of Europe▊Australia and New Zealand VC funding amongst NATO countries in defence and defence application startups since2018 The US makes up83% of defencetech VC fundingamong NATOallies since 2018. The US spends far more than any other country on defence and over ten timesmore than the UK, Germany and France. At the time of Ukraine invasion by Russia, most of EU was underspending inrespect to NATO commitments, now this is quickly changing. EU countries announced ramp-up of defence plans -EUspent €240 billion on defence in 2023, with €58billion on tech and innovation. -Poland'sdoubled defence budget since 2014 andreached 3.8% of GDP in 2023. -Germanyallocated €100 billion in 2022 for cyberdefence and AI. -Sweden, Lithuania, and Finlandincreaseddefence spending in 2022 to counter Russianthreats.Sweden by 30.1%, Lithuania by 27.6%, andFinland by 36%. Germany, UnitedKingdom, andFrance attracted87% of the totalVC investmentinto defence techin Europe since2018. Munich hasattracted themost VC fundingin defencestartups inEurope driven byHelsing. Six of the top 10European citiesfor defence techinvestment arein the UK. The top 10investors indefence anddefenceapplicationamongst NATOallies are mostlymade up of USinvestors. European defence tech VC funding by investor HQ» View online ▊Domestic▊USA▊Asia▊Rest of world▊Undisclosed US investors alsoaccount for alarge share of thefunding flowingin Europeandefence tech. Notable European Defence investors Exits are challengingfor Defence startups,but both M&A andpublic listings offeropportunities. Venture Capital investment in European cybersecurity 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+)▊Projected For cybersecurityin Europe, 2024 isprojected to bethe third mostactive year,falling justslightly short of2021-2022 peak. Cybersecurity VC funding in NATO allies peaked in 2021 at over $21B, then dropped 70%.2024 is set to see a slight bounce back. Cybersecurity VC investment Select Cybersecurity rounds since 2023» View online ▊US▊Canada▊EU 27▊UK▊Rest of Europe▊Australia and New Zealand▊Projected Top Investors incybersecurityamongst NATO countries and allies since 2023 Insight Partnersleads the topinvestors inCybersecurityamongst NATOallies, followedmajorly by otherUS investors. A few words on our methodology. Underlying Data Dual-use tech definition What is a startup? Dealroomʼs proprietary database and softwareaggregate data from multiple sources: harvestingpublic information, user-submitted data verifiedby Dealroom, data engineering. Data is verifiedand curated with an extensive manual process. Companies designed to grow fast. Generally, suchcompanies are VC-investable businesses.Sometimes they can become very big (e.g. $1B+valuation). When startups are successful, theydevelop into scaleups (>50 people), grownups(>500 people) and result in big companies. Onlycompanies founded since 1990 are included inthis report. Dual-use technology startups include companiesthat develop products and services withapplications in both civilian and military sectors.These startups contribute with their coretechnologies toward enhancing national securityand defence (defence applications) or advancingcivilian industries like healthcare, infrastructure,and energy (civilian applications). The data on which this report builds is availableviaapp.dealroom.co. For more info please visitdealroom.co or contactsupport@dealroom.co. Blog post:What is a Startup? Venture Capital, Investors Venture Capital, Investors Investment are referred to by their round labelssuch as Seed, Series A, B, C, … late stage, andgrowth equity. VC investments excludes debt orother non-equity funding, lending capital, grantsand ICOs. Investment are referred to by their round labelssuch as Seed, Se