Published by Global Banking & Finance Review®
Posted on June 17, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleHelsing, a German defence start-up, raised €600M in a round led by Daniel Ek, boosting its valuation to $12B, placing it among Europe's top tech firms.
BERLIN (Reuters) -German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday.
The latest investment round has raised Helsing's value to $12 billion, the Financial Times reported on Tuesday, citing people familiar with the matter.
This positions the start-up among the top five private tech companies in Europe, the FT added.
The investment round was lead by Prima Materia, an investment company founded by Ek and Spotify investor Shakil Khan, which doubled its investment in the firm.
Other investors included Lightspeed Ventures, Accel, Plural, General Catalyst and SAAB, Helsing said in a statement.
The Munich-based defence start-up, which specializes in AI software and is moving to produce its own drones, aircraft and submarines, hopes to benefit from governments ramping up defence spending amid rising geopolitical tensions.
($1 = 0.8654 euros)
(Reporting by Isabel Demetz, editing by Rachel More)
Helsing raised 600 million euros ($693.30 million) in its latest investment round.
The investment round was led by Daniel Ek, the founder of Spotify.
Helsing's valuation has reached $12 billion following the latest investment round.
Helsing specializes in AI software and is moving towards producing its own drones, aircraft, and submarines.
Other investors included Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB.
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