Helsing closes $1.8 billion Series E at $18 billion valuation, the largest defense tech round in European history

Helsing

Helsing closed a $1.8 billion Series E at a $18 billion post-money valuation, led by growth investor Dragoneer with existing backer Lightspeed. The round, the largest defense-technology funding round in European history, was oversubscribed with demand significantly exceeding available allocation. The company is now Europe's most valuable defense startup and remains predominantly European-owned.

• Series E round of $1.8B at $18B post-money valuation
• Led by Dragoneer, with Lightspeed, Goldman Sachs Alternatives, JPMorgan, CPP Investments, General Catalyst, Iconiq, Plural and StepStone
• Largest defense tech funding round in European history
• Board co-chaired by Spotify founder Daniel Ek and former Airbus CEO Tom Enders