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Defense and resilience tech reached an all-time high 10% of all VC funding in Europe
The war in Ukraine served as a wakeup call for Europe, and defense tech went from a sector that most European VCs didn't touch to one of the top
This means that a broader range of startups now fall into the DSR pipeline, especially now that rising defense budgets make the idea of selling dual-use technology in Europe less daunting. The rise of dual-use startups contributed to this evolution: It made it easier for generalist VCs to accommodate the sector within their mandate, which often prevents them from investing in pure defense tech, let alone weapons. “Despite recent growth, defense, security, and resilience tech remains a relatively nascent sector, but the data shows an active pipeline of early-stage companies looking to change that,” Wijngaarde said.
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